Annual Report Laporan Tahunan - Baiduri Bank

Cash Flow Statements
Year Ended December 31, 2008
The Group
The Company
2008 2007 2008 2007
Note B$’000 B$’000 B$’000 B$’000
Cash flows from operating activities:
Profit before income tax 34,480 44,785 31,412 33,830
Adjustments for: -
Amortisation of goodwill on consolidation 24 25 - -
Depreciation 4,320 3,710 3,934 3,412
Gain on disposal property, plant
and equipment (net) (14) (38) (12) (38)
Gain from investments (1,820) (1,558) (1,820) (1,558)
Operating cash flows before
movements in working capital 36,990 46,924 33,514 35,646
Loans and advances (net) (79,835) (194,082) (7,645) (102,628)
Due from related parties (22,681) (54,621) (22,681) (54,621)
Other assets (19,670) 10,139 (19,651) 10,056
Due to subsidiaries - - (42,873) 38,533
Due to related parties (13,115) 10,941 (13,115) 10,941
Current, fixed, savings and other deposits 132,862 423,805 97,475 302,286
Other liabilities and provisions 4,305 4,923 3,057 5,281
Cash generated from operations 38,856 248,029 28,081 263,494
Income tax paid (9,735) (7,934) (5,264) (5,209)
Net cash from operating activities 29,121 240,095 22,817 258,285
Cash flows from investing activities:
Purchases of property, plant and equipment (7,230) (4,757) (5,933) (4,465)
Proceeds from sale of property,
plant and equipment 79 301 77 301
Gain from investments 1,820 1,558 1,820 1,558
Investment in subsidiaries - - - (23,000)
Net (additions) / disposal of investments 38,289 41,363 38,289 41,363
Net cash from investing activities 32,958 38,465 34,253 15,757
Cash flows from financing activity:
Dividends paid (8,400) (7,100) (8,400) (7,100)
Net increase in cash and
cash equivalents 53,679 271,460 48,670 266,942
Cash and cash equivalents at the
beginning of the year 803,110 531,650 770,596 503,654
Cash and cash equivalents at the
end of the year 24 856,789 803,110 819,266 770,596
See accompanying notes to financial statements.
28 Baiduri Bank Annual Report 2008