Statement

.	Note	1997 RM	1996 RM
ASSETS
Cash and short-term funds	3	162,470,244	77,342,708
Investment securities	4	240,480,663	189,420,908
Loans, advances and financing	5	1,882,057,840	1,430,650,428
Statutory deposits with Bank Negara Malaysia	6	293,196,909	208,816,860
Deposit with Bank Negara Malaysia	7	9,350,000	-
Subsidiaries	8	30,000	30,000
Fixed assets	9	34,703,250	35,580,969
Other assets	10	28,264,661	15,266,966
		-------------------	-------------------
TOTAL ASSETS		2,650,553,567	1,957,108,839
		============	============
LIABILITIES AND SHAREHOLDERS’ FUNDS
Deposits from customers	11	2,104,601,230	1,590,783,910
Deposits and placements of banks and other financial institutions	12	178,117,045	27,837,623
Bills and acceptances payable		59,012,800	65,409,838
Other liabilities	13	61,518,137	46,448,703
Deferred taxation	14	2,230,000	1,977,000
Taxation		9,794,795	3,100,383
		-------------------	-------------------
Total Liabilities		2,415,274,007	1,735,557,457
		-------------------	-------------------

Share capital	15	178,492,232	178,492,232
Reserves	16	56,787,328	43,059,150
		-------------------	-------------------
Shareholders’ funds		235,279,560	221,551,382
		-------------------	-------------------

TOTAL LIABILITIES AND SHAREHOLDERS’ FUNDS		2,650,553,567	1,957,108,839
		============	============
COMMITMENTS AND CONTINGENCIES	28	869,809,964	791,791,963
		============	============

Cash flows from operating activities	1997 RM	1996 RM
Profit before dividend and taxation and zakat	23,638,338	32,247,518
Adjustments for:
Depreciation	5,745,055	5,684,694
Loss/(Gain) on disposal of fixed assets	12,332	( 70,501)
Provision for bad and doubtful debts and financing	32,617,487	2,266,171
Net provision for interest-in-suspense/income-in-suspense	( 11,815,293)	2,175,751
Investment income	( 179,120)	( 139,120)
Amortisation of premium less accretion of discount	21,829	62,580
	-----------------	-----------------
Operating profit before working capital changes	50,040,628	42,227,093

Increase in loans and advances	( 472,209,606)	(373,418,137)
(Increase)/Decrease in other assets	( 15,931,700)	3,413,971
Increase in statutory deposits with Bank Negara Malaysia	( 84,380,049)	( 74,149,020)
Increase in deposits with Bank Negara Malaysia	( 9,350,000)	-
Increase in deposits from customers	513,817,320	309,736,782
Increase in deposits and placements of banks and other financial institutions	150,279,422	21,197,018
Increase in other liabilities	15,159,314	6,246,673
Decrease in deposits and placements with financial institutions	-	10,000,000
(Decrease)/Increase in bills and acceptances payable	( 6,397,038)	15,580,681
	-----------------	-----------------

Cash generated from/(used in) operations	141,028,291	(39,164,939)
Income taxes paid	-	( 7,685)
	-----------------	-----------------
*Net cash generated from/(used in) operating activities*	141,028,291	(39,172,624)
	-----------------	-----------------
Cash flows from investing activities
Purchase of fixed assets	( 4,986,247)	( 8,977,424)
Proceeds from disposal of fixed assets	14,692	115,941
Increase of investment securities	( 51,247,584)	( 25,431,971)
Dividends received from investments	62,384	139,120
Purchase of investment in subsidiaries	-	( 20,000)
Proceeds from disposal of unquoted shares	256,000	-
	-----------------	-----------------
*Net cash used in investing activities*	( 55,900,755)	(34,174,334)
	-----------------	-----------------
Cash flows from financing activities
Proceeds from issuance of shares	-	59,497,411
	-----------------	-----------------
Net increase/(decrease) in cash and cash equivalents	85,127,536	(13,849,547)
Cash and cash equivalents at beginning of year	77,342,708	91,192,255
	-----------------	-----------------
Cash and cash equivalents at end of year	162,470,244	77,342,708
	=========	=========
Cash and cash equivalents comprise:
Cash and short-term funds	162,470,244	77,342,708
	===========	===========