Annual Report Laporan Tahunan - Baiduri Bank

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Balance Sheets December 31, 2008 The Group The Company 2008 2007 2008 2007 Note B$’000 B$’000 B$’000 B$’000 Assets Cash, deposits and balances with banks 792,117 832,921 790,046 831,535 Cash deposits and reserve 4 118,069 97,790 82,617 66,662 Loans and advances (net) 5 1,339,201 1,259,366 737,648 730,003 Due from related parties 6 116,759 94,114 116,795 94,114 Other assets 7 53,967 34,297 53,503 33,852 Investment in subsidiaries 8 - - 25,249 25,249 Other investments 9 136,478 174,767 136,478 174,767 Goodwill on consolidation 10 100 124 - - Property, plant and equipment 11 20,828 17,983 18,920 16,986 Total assets 2,577,555 2,511,362 1,961,256 1,973,168 LIABILITIES AND EQUITY Amount due to subsidiaries (net) 12 - - 81,432 124,305 Amount due to related parties 13 37,700 50,815 37,499 50,614 Current, fixed, savings and other deposits 14 2,299,523 2,166,661 1,623,222 1,525,747 Deposits and balances with banks 53,397 127,601 53,397 127,601 Other liabilities and provisions 15 35,743 31,923 31,638 29,066 Income tax payable 16 9,221 13,557 3,727 8,649 Deferred tax liabilities 16 3,557 302 3,540 240 Provision for retirement benefits 17 1,688 1,203 1,688 1,203 Total liabilities 2,440,849 2,392,062 1,836,143 1,867,425 CAPITAL, RESERVES AND MINORITY INTEREST Share capital 18 100,000 60,000 100,000 60,000 Statutory reserve 19 25,577 41,888 14,838 35,953 Retained profits 11,343 17,626 10,275 9,790 Equity attributable to equity holders of the parent 136,920 119,514 105,743 105,743 Minority interest (214) (214) - - Total equity 136,706 119,300 125,113 105,743 Total liabilities and equity 2,577,555 2,511,362 1,961,256 1,937,168 Commitments and contingencies 20 193,734 181,267 193,734 181,267 _____________________________________ Director _____________________________________ Director _____________________________________ Director _____________________________________ General Manager See accompanying notes to financial statements. Baiduri Bank Annual Report 2008 25
Profit And Loss Statements Year Ended December 31, 2008 The Group The Company 2008 2007 2008 2007 Note B$’000 B$’000 B$’000 B$’000 Interest income 21 150,419 132,587 92.205 81,711 Less: Interest expense (40,040) (42,677) (24,639) (27,658) 110,379 89,910 67,566 54,053 Fees, commission and service charges 7,002 6,336 7,002 6,336 Foreign exchange profit and other income 15,726 14,736 34,027 20,105 Gain from investments 1,820 1,558 1,820 1,558 Net income 134,927 112,540 110,415 82,052 Other administrative expenses 22 (52,804) (47,462) (36,180) (32,354) Allowances on loans, advances and investment (47,619) (20,268) (42,823) (15,868) Operating income 34,504 44,810 31,412 33,830 Goodwill amortisation (24) (25) - - Profit before tax 34,480 44,785 31,412 33,830 Income tax 16 (8,674) (13,445) (3,642) (8,563) Profit after taxation 25,806 31,340 27,770 25,267 Transfer to statutory reserve 19 (18,689) (16,050) (13,885) (12,634) Profit for the year after transfer to statutory reserve 7,117 15,290 13,885 12,633 See accompanying notes to financial statements. 26 Baiduri Bank Annual Report 2008
Page 1 and 2: Annual Report Laporan Tahunan
Page 4 and 5: Vision & Mission Statement VISION T
Page 6 and 7: Chairperson’s Statement and large
Page 8 and 9: Corporate Information MANAGEMENT CO
Page 10 and 11: 2008 Key Financial Figures OPERATIN
Page 12 and 13: 2008 Corporate Highlights Baiduri B
Page 14 and 15: Business Highlights Established in
Page 16 and 17: Operations Management The role of t
Page 18 and 19: Corporate Social Responsibility Bai
Page 20 and 21: Corporate Social Responsibility Pro
Page 22 and 23: Financial Statements For the year e
Page 24 and 25: Report of the Directors Directors T
Page 28 and 29: Statements of Changes in Equity Yea
Page 30 and 31: Notes to Financial Statements Decem
Page 44 and 45: Offices, Branches and ATM Network B
Page 46: Head Office: Block A, Units 1-4, Ki

Annual Report Laporan Tahunan - Baiduri Bank

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