Annual Report Laporan Tahunan - Baiduri Bank

More documents

Recommendations

Info

Notes to Financial Statements December 31, 2008 5 Loans and advances (NET) (continued) Movements in allowance for bad and doubtful receivables on loans are as follows: - The Group The Company 2008 2007 2008 2007 B$’000 B$’000 B$’000 B$’000 b) Balance at the beginning of the year 56,560 81,373 56,560 81,373 Addition 10,448 7,670 10,448 7,670 Written back (2,819) (429) (2,819) (429) Written off (3,848) (32,054) (3,848) (32,054) Balance at the end of the year 60,341 56,560 60,341 56,560 Movements in allowance for interest in suspense on loans are as follows: - The Group The Company 2008 2007 2008 2007 B$’000 B$’000 B$’000 B$’000 c) Balance at the beginning of the year 90,552 91,429 90,552 91,429 Addition 13,075 18,764 13,075 18,764 Written back (5,082) (383) (5,082) (383) Written off (5,344) (19,258) (5,344) (19,258) Balance at the end of the year 93,201 90,552 93,201 90,552 Movements in allowance for bad and doubtful receivables on hire purchase are as follows: - The Group The Company 2008 2007 2008 2007 B$’000 B$’000 B$’000 B$’000 d) Balance at the beginning of the year 924 2,176 - - Addition 7,155 6,935 - - Written off (4,276) (8,187) - - Recoveed (2,359) - - - Balance at the end of the year 1,441 924 - - Movements in allowance for interest in suspense on hire purchase are as follows: - The Group The Company 2008 2007 2008 2007 B$’000 B$’000 B$’000 B$’000 e) Balance at the beginning of the year 519 623 - - Addition 23 52 - - Written back (14) (156) - - Balance at the end of the year 528 519 - - Baiduri Bank Annual Report 2008 33
Notes to Financial Statements December 31, 2008 6 Due from related parties The Group/The Company 2008 2007 B$’000 B$’000 Overdrafts 11,937 12,699 Commercial term loans and others 104,858 81,415 116,795 94,114 7 OTHER ASSETS The Group The Company 2008 2007 2008 2007 B$’000 B$’000 B$’000 B$’000 Prepayments 1,170 1,066 740 640 Interest receivable 14,406 13,152 14,406 13,152 Refundable deposits 32,380 16,041 32,347 16,007 Others 6,011 4,038 6,010 4,053 53,967 34,297 53,503 33,852 8 SUBSIDIARY COMPANIES The Company 2008 2007 B$’000 B$’000 a) Unquoted shares, at cost 25,249 25,249 b) The following are the subsidiaries of the Company: Name of Company Principal Activities Percentage of Paid and Place of Incorporation Up Capital Held 2008 2007 Baiduri Finance Berhad Finance Company 100% 100% (Brunei Darussalam) Baiduri Securities Sdn Bhd Share brokers and dealers in securities 51% 51% (Brunei Darussalam) and investments of all kinds Baiduri Securities Sdn Bhd ceased operations after January 31, 2002 and has been dormant since then. Full provision has been made for the cost of this investment. 34 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 26 and 27: Balance Sheets December 31, 2008 Th
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

Create successful ePaper yourself

Delete template?

Save as template?