LAPORAN Pengarah

Para pengarah dengan ini mengemukakan laporan mereka berserta penyata kewangan Kumpulan dan Syarikat yang telah diaudit bagi tahun kewangan berakhir 31 Disember 2001.

AKTIVITI UTAMA

Aktiviti utama Syarikat adalah pemegangan pelaburan. Aktiviti utama subsidiari-subsidiari dan syarikat bersekutunya adalah seperti yang dinyatakan masing-masing dalam Nota 8 dan 9 kepada penyata kewangan. Tidak terdapat perubahan ketara pada aktiviti-aktiviti tersebut sepanjang tahun kewangan ini.

KEPUTUSAN KEWANGAN Kumpulan Syarikat RM’000 RM’000

(Kerugian)/keuntungan bersih untuk tahun kewangan selepas cukai dan zakat (630,959) 14,006 Kepentingan minoriti (32,355) –

(Kerugian)/keuntungan bersih untuk tahun kewangan (663,314) 14,006 Pindahan dari rizab berkanun 309,005 – Keuntungan terkumpul dibawa ke hadapan 372,584 27,536

Keuntungan sedia untuk diagihkan 18,275 41,542 Dividen dicadang (6,643) (6,643)

Keuntungan terkumpul dihantar ke hadapan 11,632 34,899

DIVIDEN

Dividen yang telah dibayar atau disyorkan oleh Syarikat sejak 31 Disember 2000 adalah seperti berikut:

RM’000

Bagi tahun kewangan berakhir 31 Disember 2000 seperti yang dinyatakan dalam laporan para pengarah di dalam tahun kewangan berkenaan:

Dividen kasar akhir 1 sen sesaham, ditolak 28% cukai pendapatan, dibayar pada 11 Julai 2001 6,643

Para pengarah kini mengesyorkan pembayaran dividen kasar akhir 1 sen sesaham, ditolak 28% cukai pendapatan, berjumlah RM6,643,000 bagi tahun kewangan berakhir 31 Disember 2001.

RIZAB DAN PERUNTUKAN

Tiada pindahan ketara kepada atau daripada rizab atau peruntukan-peruntukan di sepanjang tahun kewangan selain daripada yang dinyatakan dalam penyata kewangan dan nota-nota kepada penyata kewangan.

52 AFFIN HOLDINGS BERHAD Laporan Pengarah (Sambungan)

TERBITAN SAHAM

Tiada saham-saham biasa yang telah diterbitkan oleh Syarikat dalam tahun kewangan yang berakhir 31 Disember 2001.

PARA PENGARAH

Para pengarah yang memegang jawatan sejak tarikh laporan terakhir adalah:

Jen. (B) Tan Sri Dato’ Seri Ismail bin Omar Dato’ Lodin bin Wok Kamaruddin Raja Dato’ Seri Aman bin Raja Haji Ahmad Mej. Jen. (B) Dato’ Mohamed Isa bin Che Kak En. Azzat bin Kamaludin Lt. Jen. (B) Dato’ Seri Abdul Ghani bin Abdul Aziz (meletak jawatan pada 1 Mac 2002)

Mengikut Artikel 101 Tataurusan Syarikat, En. Azzat bin Kamaludin bersara pada Mesyuarat Agung Tahunan yang akan datang dan oleh kerana beliau layak, menawarkan dirinya untuk dilantik semula.

MANFAAT PARA PENGARAH

Sepanjang dan pada akhir tahun kewangan ini, Syarikat atau subsidiarinya tidak menjadi pihak kepada sebarang perjanjian yang matlamatnya adalah untuk membolehkan para pengarah Syarikat menerima manfaat menerusi perolehan saham atau debentur Syarikat atau sebarang badan korporat lain kecuali bagi opsyen saham yang diberi kepada pengarah Syarikat oleh Boustead Holdings Berhad dan Lembaga Tabung Angkatan Tentera.

Sejak akhir tahun kewangan lepas, tiada pengarah Syarikat yang menerima atau layak menerima sebarang manfaat (selain daripada imbuhan Pengarah seperti yang dinyatakan dalam nota 29 kepada penyata kewangan) disebabkan oleh kontrak yang dibuat oleh Syarikat atau badan korporat yang berkaitan dengan pengarah atau dengan firma di mana pengarah menjadi ahli atau dengan firma di mana pengarah memiliki kepentingan kewangan nyata.

KEPENTINGAN PARA PENGARAH

Mengikut daftar pemegangan saham pengarah, kepentingan para pengarah yang memegang jawatan pada akhir tahun kewangan ini dalam saham-saham, waran-waran dan opsyen ke atas saham-saham di dalam Syarikat dan syarikat berkaitan adalah seperti berikut:

Saham biasa bernilai RM1 sesaham Pada Pada 1.1.2001 Dibeli Dijual 31.12.2001

Syarikat

Raja Dato’ Seri Aman bin Raja Haji Ahmad 55,500 – – 55,500 Azzat bin Kamaludin 110,000 – – 110,000 Dato’ Lodin bin Wok Kamaruddin 8,714 – – 8,714*

* Saham-saham ini dipegang atas amanah oleh syarikat nominee.

53 AFFIN HOLDINGS BERHAD Laporan Pengarah (Sambungan)

KEPENTINGAN PARA PENGARAH (Sambungan)

Saham biasa bernilai RM10 sesaham, RM5 belum dipanggil Pada Pada 1.1.2001 Dibeli Dijual 31.12.2001

Syarikat berkaitan

PAB Trustee Berhad

Raja Dato’ Seri Aman bin Raja Haji Ahmad 20,000 – – 20,000**

** Saham-saham ini dipegang atas amanah untuk Affin Bank Berhad

Saham biasa bernilai RM1 sesaham Pada Pada 1.1.2001 Dibeli Dijual 31.12.2001

UAC Berhad

Raja Dato’ Seri Aman bin Raja Haji Ahmad 2,000 – – 2,000

Bilangan waran 1995/2005 Pada Pada 1.1.2001 Dibeli Dijual 31.12.2001

Syarikat

Raja Dato’ Seri Aman bin Raja Haji Ahmad 3,378 – – 3,378 Maj. Jen. (R) Dato’ Mohamed Isa bin Che Kak 3,378 – – 3,378

Setiap waran Syarikat (Waran Affin 1995/2005) memberi hak kepada pemegang berdaftarnya untuk melanggan satu saham biasa baru RM1.00 setiap satu dalam Syarikat pada bila-bila masa dari tarikh terbitan pada 16 Mei 1995 pada harga langganan RM3.38 sesaham. Tempoh langganan untuk Waran Affin 1995/2005 akan tamat tempohnya pada 15 Mei 2005.

Bilangan waran 2000/2005 Pada Pada 1.1.2001 Dibeli Dijual 31.12.2001

Syarikat

Raja Dato’ Seri Aman bin Raja Haji Ahmad 9,250 – – 9,250 Azzat bin Kamaludin 22,500 – – 22,500 Dato’ Lodin bin Wok Kamaruddin 1,500 – – 1,500

Setiap waran Syarikat (‘Waran Affin 2000/2005’) memberi hak kepada pemegang berdaftarnya untuk melanggan satu saham biasa baru RM1.00 setiap satu dalam Syarikat pada bila-bila masa dari tarikh terbitan pada 8 Julai 2000 pada harga langganan RM3.10 sesaham. Tempoh langganan Waran Affin 2000/2005 akan tamat tempohnya pada 7 Julai 2005.

54 AFFIN HOLDINGS BERHAD Laporan Pengarah (Sambungan)

KEPENTINGAN PARA PENGARAH (Sambungan)

Opsyen untuk saham biasa bernilai RM1 sesaham Pada Pada 1.1.2001 Diberi Dilanggan 31.12.2001

Syarikat

Raja Dato’ Seri Aman bin Raja Haji Ahmad 9,500,000 – – 9,500,000***

*** Opsyen selama lima tahun ini diberikan oleh Lembaga Tabung Angkatan Tentera (‘LTAT’) untuk membeli 10,000,000 saham Syarikat dari LTAT pada harga RM2.10 sesaham. Opsyen ini akan tamat tempohnya pada 22 November 2003.

Opsyen untuk saham biasa bernilai 50 sen sesaham Pada Pada 1.1.2001 Diberi Dilanggan Diluput 31.12.2001

Syarikat berkaitan

Boustead Holdings Berhad

Dato’ Lodin bin Wok 500,000# – – (500,000) – Kamaruddin – 500,000 – – 500,000## 9,500,000 – – – 9,500,000###

# Opsyen ini telah diberikan oleh Boustead Holdings Berhad dibawah Skim Opsyen Saham Kakitangannya dan tamat tempohnya pada 13 Jun 2001.

## Opsyen ini telah diberikan oleh Boustead Holdings Berhad dibawah Skim Opsyen Saham Kakitangan pada harga RM1.88 sesaham dan akan tamat tempohnya pada 22 Julai 2006.

### Opsyen selama lima tahun ini diberikan oleh LTAT untuk membeli 9,500,000 saham Boustead Holdings Berhad dari LTAT pada harga RM2.41 sesaham. Opsyen ini akan tamat tempohnya pada 22 November 2003.

Selain daripada yang dinyatakan di atas, para pengarah yang memegang jawatan pada akhir tahun kewangan ini tidak mempunyai sebarang kepentingan dalam saham, waran dan opsyen ke atas saham-saham di dalam Syarikat atau syarikat-syarikat berkaitan di sepanjang tahun kewangan ini.

WARAN 1995/2005

Pada 22 Februari 1995, nilai nominal RM225,000,000 4% 5-tahun bon boleh tebus dijamin oleh bank berserta 102,056,445 waran boleh lerai (‘Waran Affin 1995/2000’) telah diterbitkan kepada pelanggan utama berdasarkan urusan belian.

Pelanggan utama telah membuat tawaran jualan hak peruntukkan untuk 102,056,445 Waran Affin 1995/2000 pada harga tawaran 47.3 sen bagi setiap waran berasaskan satu waran untuk setiap lima saham biasa Syarikat yang dipegang. Harga langganan permulaan Waran Affin 1995/2000 ialah RM3.75.

Pada 18 Jun 1999, pemegang-pemegang saham Syarikat dan pemegang Waran Affin 1995/2000 telah meluluskan untuk melanjutkan tempoh langganan waran untuk lima tahun berikutnya dan Surat Ikatan bertarikh 8 Julai 1999 telah disempurnakan untuk mencerminkan lanjutan tempoh langganan Waran Affin 1995/2000, yang akan tamat tempoh pada 15 Mei 2005 (‘Waran Affin 1995/2005’).

Pada 13 Jun 2000, Syarikat telah menerbitkan saham biasa baru melalui terbitan hak. Dengan ini, harga langganan dan bilangan Waran Affin 1995/2005 masing-masing telah diubah kepada RM3.38 dan 114,110,671 mengikut peruntukan Surat Ikatan tersebut.

55 AFFIN HOLDINGS BERHAD Laporan Pengarah (Sambungan)

WARAN 1995/2005 (Sambungan)

Pergerakan Waran Affin 1995/2005 untuk mengambilkira saham biasa belum diterbitkan bernilai RM1 sesaham di dalam Syarikat untuk tahun kewangan semasa adalah seperti berikut:

Bilangan Waran

Pada 1 Januari 2001 114,110,671 Waran Affin 1995/2005 yang dilanggan –

Pada 31 Disember 2001 114,110,671

WARAN 1997/2007

Pada 19 September 1997, nilai nominal RM240,000,000 2% 5-tahun bon boleh tebus dijamin oleh bank berserta 54,403,401 waran boleh lerai (‘Waran Affin 1997/2002’) telah diterbitkan kepada pemegang utama berasaskan urusan belian.

Pelanggan utama telah membuat tawaran jualan hak peruntukkan untuk 54,403,401 Waran Affin 1997/2002 pada harga tawaran 1.13 sen bagi setiap waran berasaskan satu waran untuk setiap 10 saham biasa Syarikat yang dipegang. Harga langganan permulaan Waran Affin 1997/2002 adalah RM4.15.

Pada 18 Jun 1999, pemegang-pemegang saham Syarikat dan pemegang Waran Affin 1997/2002 telah meluluskan untuk melanjutkan tempoh langganan Waran untuk lima tahun berikutnya dan Surat Ikatan tambahan bertarikh 8 Julai 1999 telah disempurnakan untuk mencerminkan lanjutan tempoh langganan Waran Affin 1997/2002 yang akan tamat tempoh pada 18 September 2007 (‘Waran Affin 1997/2007’).

Pada 13 Jun 2000, Syarikat telah menerbitkan saham biasa baru melalui terbitan hak. Dengan ini, harga langganan dan bilangan Waran Affin 1997/2007 masing-masing telah diubah kepada RM3.74 dan 61,252,285 seperti yang ditentukan oleh Surat Ikatan.

Pergerakan di dalam Waran Affin 1997/2007 untuk mengambilkira saham biasa belum diterbitkan bernilai RM1 sesaham di dalam Syarikat untuk tahun kewangan semasa adalah seperti berikut:

Bilangan Waran

Pada 1 Januari 2001 61,252,285 Waran Affin 1997/2007 yang dilanggan –

Pada 31 Disember 2001 61,252,285

WARAN 2000/2005

Pada 8 Julai 2000, Syarikat telah menerbitkan 153,775,834 waran baru (‘Waran Affin 2000/2005’) tanpa kos berserta perlaksanaan terbitan hak berasaskan 1 Waran Affin 2000/2005 yang baru untuk setiap empat saham biasa baru yang dipegang. Harga langganan Waran Affin 2000/2005 ialah RM3.10 dan akan tamat tempohnya pada 7 Julai 2005.

56 AFFIN HOLDINGS BERHAD Laporan Pengarah (Sambungan)

WARAN 2000/2005 (Sambungan)

Pergerakan di dalam Waran Affin 2000/2005 untuk mengambilkira saham biasa belum diterbitkan bernilai RM1 sesaham di dalam Syarikat untuk tahun kewangan semasa adalah seperti berikut:

Bilangan Waran

Pada 1 Januari 2001 153,775,834 Waran 2000/2005 yang dilanggan –

Pada 31 Disember 2001 153,775,834

MAKLUMAT BERKANUN MENGENAI PENYATA KEWANGAN

Sebelum penyata-penyata kewangan Kumpulan dan Syarikat disediakan, para pengarah telah mengambil langkah- langkah yang sewajarnya:

(a) untuk memastikan bahawa tindakan telah diambil berkaitan dengan hapuskira hutang lapuk dan pembiayaan tidak berbayar dan membuat peruntukan hutang ragu dan pembiayaan tidak berbayar dan berpuas hati bahawa kesemua hutang dan pembiayaan lapuk yang diketahui telah dihapuskira dan peruntukan secukupnya telah dibuat bagi hutang dan pembiayaan tidak berbayar; dan

(b) untuk memastikan bahawa mana-mana aset semasa, selain dari hutang-hutang, yang tidak mungkin diperolehi dalam urusniaga biasa, nilainya seperti dinyatakan didalam rekod-rekod perakaunan Kumpulan dan Syarikat, telah dikurangkan kepada nilai yang boleh diperolehi.

Pada tarikh laporan ini, para pengarah tidak mengetahui kewujudan sebarang keadaan yang boleh menyebabkan:

(a) jumlah yang dihapuskira bagi hutang lapuk dan pembiayaan tidak berbayar atau peruntukan bagi hutang ragu, tidak mencukupi had sewajarnya bagi Kumpulan dan Syarikat;

(b) nilai-nilai aset semasa di dalam penyata kewangan Kumpulan dan Syarikat mengelirukan; atau

(c) pematuhan kepada kaedah penilaian aset atau tanggungan di dalam penyata kewangan Kumpulan dan Syarikat, mengelirukan atau tidak sesuai.

Pada tarikh laporan ini, tidak terdapat:

(a) sebarang tuntutan ke atas aset-aset Kumpulan dan Syarikat yang telah wujud sejak akhir tahun kewangan ini dan yang menjaminkan liabiliti pihak lain; atau

(b) sebarang liabiliti luar jangka Kumpulan dan Syarikat yang telah wujud sejak akhir tahun kewangan ini.

57 AFFIN HOLDINGS BERHAD Laporan Pengarah (Sambungan)

MAKLUMAT BERKANUN MENGENAI PENYATA KEWANGAN (Sambungan)

Tiada liabiliti luarjangkaan atau liabiliti lain Kumpulan atau Syarikat yang telah berkuatkuasa, atau mungkin berkuatkuasa dalam tempoh dua belas bulan selepas akhir tahun kewangan yang, pada pendapat para pengarah, akan mempengaruhi, dengan ketara, kemampuan Kumpulan atau Syarikat untuk memenuhi tanggungannya yang akan datang.

Pada tarikh laporan ini, para pengarah tidak mengetahui sebarang keadaan selain daripada yang telah dibentangkan dalam laporan atau penyata kewangan ini yang mungkin menyebabkan sebarang amaun yang dinyatakan dalam penyata kewangan ini mengelirukan.

Pada pendapat para pengarah,

(a) keputusan operasi Kumpulan dan Syarikat pada tahun kewangan ini tidak dipengaruhi dengan ketara oleh sebarang urusniaga atau peristiwa yang material dan luar biasa selain daripada pembelian subsidiari-subsidiari seperti yang dinyatakan di dalam Nota 35; dan

(b) tidak timbul dalam tempoh di antara akhir tahun kewangan dan tarikh laporan ini sebarang perkara, urusniaga atau peristiwa yang penting dan luar biasa yang berkemungkinan akan menjejaskan dengan ketara keputusan operasi Kumpulan dan Syarikat untuk tahun kewangan yang dilaporkan.

PERISTIWA-PERISTIWA PENTING SEPANJANG TAHUN KEWANGAN INI

Peristiwa-peristiwa penting berhubung pembelian subsidiari-subsidiari dan peristiwa-peristiwa penting yang lain sepanjang tahun kewangan ini masing-masing dinyatakan dalam Nota 35 dan Nota 40 pada penyata kewangan.

BADAN KORPORAT PEMEGANG MUKTAMAD

Para pengarah menganggap Lembaga Tabung Angkatan Tentera, sebuah badan korporat yang ditubuhkan di bawah Akta Tabung Angkatan Tentera, 1973, sebagai badan korporat pemegang muktamad Syarikat.

JURUAUDIT

Juruaudit, PricewaterhouseCoopers, telah menyatakan kesediaan mereka untuk meneruskan perkhidmatan mereka.

Berdasarkan resolusi Lembaga Pengarah bertarikh 26 April 2002.

DATO’ LODIN BIN WOK KAMARUDDIN MEJ. JEN. (B) DATO’ MOHAMED ISA BIN CHE KAK Pengarah Pengarah

Kuala Lumpur

58 AFFIN HOLDINGS BERHAD LEMBARAN Imbangan 31 Disember 2001

Kumpulan Syarikat Nota 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

ASET

Tunai dan dana jangka pendek 2 2,323,441 2,091,160 208,325 330,499 Sekuriti yang dibeli di bawah perjanjian jual balik 1,001 – – – Deposit dan penempatan dengan institusi-institusi kewangan 3 692,243 891,043 – 30,249 Sekuriti dagangan 4 106,130 63,066 – – Sekuriti pelaburan 5 6,435,338 6,013,609 – – Pinjaman, pendahuluan dan pembiayaan 6 19,214,633 14,193,189 – – Deposit berkanun dengan Bank Negara Malaysia 7 766,773 606,679 – – Subsidiari-subsidiari 8 – – 2,586,993 2,141,600 Syarikat bersekutu 9 48,641 37,563 10,597 6,597 Penghutang dagangan 10 124,747 45,299 – – Aset-aset lain 11 300,667 251,090 1,861 2,364 Cukai yang akan diperolehi semula 89,407 54,504 22,403 18,575 Perbelanjaan tertunggak 147 368 147 368 Muhibbah daripada penyatuan 12 812,085 607,915 – – Aset tetap 13 389,962 336,076 8 3

JUMLAH ASET 31,305,215 25,191,561 2,830,334 2,530,255

LIABILITI, EKUITI PEMEGANG SAHAM DAN KEPENTINGAN MINORITI

Deposit daripada pelanggan 14 20,017,966 15,904,826 – – Deposit dan penempatan daripada bank-bank dan institusi-institusi kewangan lain 15 3,407,873 3,658,503 – – Tanggungan bagi sekuriti yang dijual di bawah perjanjian beli balik 368,501 166,425 – – Bil dan penerimaan jurubank 995,252 717,657 – – Pemiutang dagangan 16 117,339 37,989 – – Hutang terhadap Cagamas 17 1,613,598 535,196 – – Liabiliti-liabiliti lain 18 968,031 568,121 103,490 11,235 Cukai 39,199 47,233 18,319 17,858 Cukai tertunda 19 13,621 12,421 – – Bon boleh tebus 20 840,000 240,000 240,000 240,000 Pinjaman 21 672,250 495,726 630,000 430,000

JUMLAH LIABILITI 29,053,630 22,384,097 991,809 699,093

59 AFFIN HOLDINGS BERHAD Lembaran Imbangan (Sambungan)

Kumpulan Syarikat Nota 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

LIABILITI, EKUITI PEMEGANG SAHAM DAN KEPENTINGAN MINORITI (SAMBUNGAN)

Modal saham 22 922,656 922,656 922,656 922,656 Premium saham 880,970 880,970 880,970 880,970 Rizab 23 102,833 772,809 34,899 27,536

EKUITI PEMEGANG SAHAM 1,906,459 2,576,435 1,838,525 1,831,162

KEPENTINGAN MINORITI 345,126 231,029 – –

JUMLAH LIABILITI, EKUITI PEMEGANG SAHAM DAN KEPENTINGAN MINORITI 31,305,215 25,191,561 2,830,334 2,530,255

ILTIZAM DAN LUARJANGKAAN 37(c) 20,209,783 15,704,162 – –

Dasar-dasar perakaunan di mukasurat 69 hingga 74 dan nota-nota di mukasurat 75 hingga 112 adalah sebahagian daripada penyata kewangan ini. 60 AFFIN HOLDINGS BERHAD PENYATA Pendapatan bagi tahun kewangan berakhir 31 Disember 2001

Kumpulan Syarikat Nota 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Pendapatan faedah 24 1,636,862 1,386,460 22,675 22,007 Perbelanjaan faedah 25 (811,520) (624,633) – –

Pendapatan faedah bersih 825,342 761,827 22,675 22,007 Pendapatan Skim Perbankan Islam 26 85,638 32,143 – –

910,980 793,970 22,675 22,007 Pendapatan bukan faedah 27 248,513 218,441 51,333 28,626

1,159,493 1,012,411 74,008 50,633 Perbelanjaan overhed 28 (611,777) (449,909) (5,254) (5,832) Rosotnilai muhibbah 12 (71,655) – – –

Keuntungan operasi sebelum kerugian pinjaman dan pembiayaan dan peruntukan 476,061 562,502 68,754 44,801 Kerugian pinjaman dan pembiayaan dan peruntukan 30 (1,008,269) (604,796) – –

(Kerugian)/keuntungan operasi (532,208) (42,294) 68,754 44,801 Kos kewangan 31 (47,150) (53,607) (43,742) (48,912) Bahagian keuntungan/(kerugian) syarikat bersekutu 8,103 (462) – –

(Kerugian)/keuntungan sebelum cukai dan zakat (571,255) (96,363) 25,012 (4,111) Zakat (717) (642) – – Cukai 32 (57,951) (24,062) (11,006) 9,374 Bahagian cukai syarikat bersekutu (1,036) (1,400) – –

(Kerugian)/keuntungan bersih untuk tahun kewangan selepas cukai dan zakat (630,959) (122,467) 14,006 5,263 Kepentingan minoriti (32,355) 21,659 – –

(Kerugian)/keuntungan bersih untuk tahun kewangan selepas kepentingan minoriti (663,314) (100,808) 14,006 5,263

Kerugian sesaham (sen) 34 - Asas (71.9) (14.2) - Dicairkan sepenuhnya – –

Dividen kasar sesaham biasa, 1 sen (2000: 1 sen) sesaham, ditolak 28% cukai pendapatan 33 0.7 0.7

Dasar-dasar perakaunan di mukasurat 69 hingga 74 dan nota-nota di mukasurat 75 hingga 112 adalah sebahagian daripada penyata kewangan ini. 61 AFFIN HOLDINGS BERHAD PENYATA Perubahan Dalam Ekuiti Kumpulan bagi tahun kewangan berakhir 31 Disember 2001

Saham biasa diterbitkan dan dibayar Boleh penuh bernilai RM1 sesaham Tidak boleh diagihkan diagihkan Rizab Bilangan Nilai Premium Rizab pertukaran Keuntungan Kumpulan Nota saham nominal saham berkanun matawang terkumpul Jumlah ‘000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

Baki pada 1 Januari 2001 922,656 922,656 880,970 397,518 2,707 372,584 2,576,435 Perbezaan pertukaran matawang – – – – (19) – (19) Kerugian bersih tahun kewangan ini – – – – – (663,314) (663,314) Pindahan dari rizab berkanun – – – (309,005) – 309,005 – Dividen dicadang 33 – – – – – (6,643) (6,643)

Baki pada 31 Disember 2001 922,656 922,656 880,970 88,513 2,688 11,632 1,906,459

Baki pada 1 Januari 2000 574,887 574,887 493,622 415,939 2,759 461,643 1,948,850 Terbitan modal saham dari: - perlaksanaan Skim Opsyen Saham Kakitangan 3,992 3,992 10,259 – – – 14,251 - perlaksanaan waran 1 1 3 – – – 4 - pemerolehan subsidiari 36,224 36,224 39,846 – – – 76,070 - terbitan hak 307,552 307,552 338,307 – – – 645,859

922,656 922,656 882,037 415,939 2,759 461,643 2,685,034

Perbelanjaan terbitan saham – – (1,067) – – – (1,067) Perbezaan pertukaran matawang – – – – (52) – (52) Keuntungan dan kerugian bersih tidak diiktirafkan dalam penyata pendapatan – – (1,067) – (52) – (1,119) Keuntungan bersih tahun kewangan ini – – – – – (100,808) (100,808) Pindahan dari rizab berkanun – – – (18,421) – 18,421 – Dividen dicadang 33 – – – – – (6,643) (6,643) Peruntukan dividen terkurang untuk 1999 – – – – – (29) (29)

Baki pada 31 Disember 2000 922,656 922,656 880,970 397,518 2,707 372,584 2,576,435

Dasar-dasar perakaunan di mukasurat 69 hingga 74 dan nota-nota di mukasurat 75 hingga 112 adalah sebahagian daripada penyata kewangan ini. Page 62 PENYATA Perubahan Dalam Ekuiti Syarikat bagi tahun kewangan berakhir 31 Disember 2001

Saham biasa diterbitkan dan Tidak boleh Boleh dibayar penuh bernilai RM1 sesaham diagihkan diagihkan Bilangan Nilai Premium Keuntungan Syarikat Nota saham nominal saham terkumpul Jumlah ‘000 RM’000 RM’000 RM’000 RM’000

Baki pada 1 Januari 2001 922,656 922,656 880,970 27,536 1,831,162 Keuntungan bersih tahun kewangan ini – – – 14,006 14,006 Dividen dicadang 33 – – – (6,643) (6,643)

Baki pada 31 Disember 2001 922,656 922,656 880,970 34,899 1,838,525

Baki pada 1 Januari 2000 574,887 574,887 493,622 28,945 1,097,454 Terbitan modal saham dari: - perlaksanaan Skim Opsyen Saham Kakitangan 3,992 3,992 10,259 – 14,251 - perlaksanaan waran 1 1 3 – 4 - pemerolehan subsidiari 36,224 36,224 39,846 – 76,070 - terbitan hak 307,552 307,552 338,307 – 645,859

922,656 922,656 882,037 28,945 1,833,638

Perbelanjaan terbitan saham – – (1,067) – (1,067)

Keuntungan dan kerugian bersih yang tidak diiktiraf dalam penyata pendapatan – – (1,067) – (1,067) Keuntungan bersih tahun kewangan ini – – – 5,263 5,263 Dividen dicadang 33 – – – (6,643) (6,643) Peruntukan dividen terkurang untuk 1999 – – – (29) (29)

Baki pada 31 Disember 2000 922,656 922,656 880,970 27,536 1,831,162

Dasar-dasar perakaunan di mukasurat 69 hingga 74 dan nota-nota di mukasurat 75 hingga 112 adalah sebahagian daripada penyata kewangan ini. Page 63 PENYATA Aliran Tunai Kumpulan bagi tahun kewangan berakhir 31 Disember 2001

2001 2000 RM’000 RM’000

ALIRAN TUNAI DARIPADA AKTIVITI OPERASI

Kerugian sebelum cukai dan zakat (571,255) (96,363)

Pelarasan untuk perkara-perkara yang tidak melibatkan pergerakan wang tunai dan setaraan tunai:

Keuntungan dari jualan sekuriti dagangan (4,705) (11,019) Keuntungan dari jualan sekuriti pelaburan (40,513) (11,769) Penambahan diskaun ke atas sekuriti dan bon ditolak pelunasan premium (58,279) (61,494) Peruntukan rosotnilai sekuriti pelaburan 48,339 62,820 Peruntukan hutang ragu, pembiayaan dan faedah tergantung 961,326 493,109 (Perolehan semula)/peruntukan bagi hutang ragu - penghutang lain (2,130) 12,639 Peruntukan bagi jumlah yang akan diterima semula dari Danaharta 50,862 31,196 Peruntukan bagi faedah persaraan kakitangan 2,080 3,756 Muhibbah dihapuskira 71,655 – Hutang lapuk dihapuskira 21,861 24,560 Keuntungan dari jualan aset tetap (908) (337) Pelunasan perbelanjaan tertunggak 221 261 Aset tetap yang dihapuskira 6,156 77 Susutnilai aset tetap 77,489 56,967 Bahagian (keuntungan)/kerugian syarikat bersekutu (8,103) 462

KEUNTUNGAN OPERASI SEBELUM PERUBAHAN MODAL KERJA 554,096 504,865

PENAMBAHAN/PENGURANGAN DARIPADA AKTIVITI OPERASI

(Penambahan)/pengurangan pinjaman, pendahuluan dan pembiayaan (642,264) 219,070 (Penambahan)/pengurangan aset-aset lain (12,112) 100,261 Pengurangan deposit berkanun dengan Bank Negara Malaysia 108,281 19,547 (Penambahan)/pengurangan sekuriti dagangan (22,931) 313,050 Pengurangan/(penambahan) deposit dan penempatan dengan institusi-institusi kewangan 423,086 (202,145)

64 AFFIN HOLDINGS BERHAD Penyata Aliran Tunai Kumpulan (Sambungan)

2001 2000 RM’000 RM’000

PENAMBAHAN/PENGURANGAN DARIPADA AKTIVITI OPERASI (SAMBUNGAN)

Pengurangan perbelanjaan tertunggak – 8,421 Pengurangan deposit pelanggan (1,627,252) (152,964) Penambahan pemiutang-pemiutang lain 172,041 72,972 (Pengurangan)/penambahan deposit dan penempatan daripada bank-bank dan institusi-institusi kewangan lain (1,783,826) 92,200 Penambahan/(pengurangan) tanggungan untuk sekuriti yang dijual di bawah perjanjian beli balik 202,076 (16,453) Pengurangan bil dan penerimaan jurubank (72,003) (65,559) (Penambahan)/pengurangan sekuriti dibeli di bawah perjanjian jual balik (1,001) 41,880 Penambahan hutang terhadap Cagamas 1,078,402 11,346 Penambahan penghutang dagangan (79,448) (10,804) Penambahan pemiutang dagangan 79,350 5,748

Wang tunai (digunakan dalam)/dijana daripada kegiatan operasi (1,623,505) 941,435

Bayaran cukai dan zakat (66,702) (19,816)

TUNAI BERSIH (DIGUNAKAN DALAM)/ DIJANA DARIPADA AKTIVITI OPERASI (1,690,207) 921,619

ALIRAN TUNAI DARIPADA AKTIVITI PELABURAN

Pelupusan/(pemerolehan) bersih sekuriti pelaburan 641,314 (1,244,023) Perolehan dari jualan aset tetap 1,531 718 Pembelian aset tetap (73,470) (69,974) Dividen diterima daripada syarikat bersekutu – 3,600 Penambahan pelaburan di dalam syarikat bersekutu (4,000) – Aliran tunai bersih daripada pemerolehan subsidiari dan aset dan liabiliti tertentu BSN Commercial Bank (M) Berhad 35 584,020 – Pembayaran untuk saham dalam subsidiari berkenaan dengan tawaran awam mandatori – (14)

ALIRAN TUNAI DIJANA DARIPADA/ (DIGUNAKAN DALAM) AKTIVITI PELABURAN 1,149,395 (1,309,693)

65 AFFIN HOLDINGS BERHAD Penyata Aliran Tunai Kumpulan (Sambungan)

2001 2000 RM’000 RM’000

ALIRAN TUNAI DARIPADA AKTIVITI PEMBIAYAAN

Penambahan bon boleh tebus semula 600,000 187,825 Penambahan/(pengurangan) pinjaman bank 176,524 (499,439) Dividen dibayar kepada pemegang saham (6,643) (4,168) Dividen dibayar kepada kepentingan minoriti dalam subsidiari (2,769) – Perolehan daripada terbitan saham – 660,114 Perbelanjaan terbitan saham – (1,067)

ALIRAN TUNAI BERSIH DIJANA DARIPADA AKTIVITI PEMBIAYAAN 767,112 343,265

PENAMBAHAN/(PENGURANGAN) BERSIH DALAM TUNAI DAN SETARAAN TUNAI 226,300 (44,809)

TUNAI DAN SETARAAN TUNAI PADA AWAL TAHUN KEWANGAN 2,090,172 2,134,981

TUNAI DAN SETARAAN TUNAI PADA AKHIR TAHUN KEWANGAN 36 2,316,472 2,090,172

Dasar-dasar perakaunan di mukasurat 69 hingga 74 dan nota-nota di mukasurat 75 hingga 112 adalah sebahagian daripada penyata kewangan ini. 66 AFFIN HOLDINGS BERHAD PENYATA Aliran Tunai Syarikat bagi tahun kewangan berakhir 31 Disember 2001

Nota 2001 2000 RM’000 RM’000

ALIRAN TUNAI DARIPADA AKTIVITI OPERASI

Keuntungan/(kerugian) sebelum cukai dan zakat 25,012 (4,111)

Pelarasan untuk perkara-perkara yang tidak melibatkan pergerakan wang tunai dan setaraan tunai:

Pelunasan perbelanjaan tertunggak 221 261 Susutnilai aset tetap 1 2

KEUNTUNGAN/(KERUGIAN) OPERASI SEBELUM PERUBAHAN MODAL KERJA 25,234 (3,848)

PENAMBAHAN/PENGURANGAN DARIPADA AKTIVITI OPERASI

Penambahan penghutang lain (13,870) (877) Penambahan/(pengurangan) pemiutang-pemiutang lain 92,255 (8,191) Pengurangan/(penambahan) deposit dan penempatan dengan institusi-institusi kewangan 30,249 (26,977)

Tunai dijana daripada/(digunakan dalam) operasi 133,868 (39,893)

Cukai diperolehi semula – 26,523

TUNAI BERSIH DIJANA DARIPADA/ (DIGUNAKAN DALAM) AKTIVITI OPERASI 133,868 (13,370)

ALIRAN TUNAI DARIPADA AKTIVITI PELABURAN

Penjualan bersih sekuriti pelaburan – 4,000 Pembelian aset tetap (6) – Dividen diterima dari syarikat bersekutu – 3,600 Pembayaran untuk saham dalam subsidiari berkenaan dengan tawaran awam mandatori – (14) Pergerakan bersih atas jumlah terhutang oleh subsidiari-subsidiari 3,061 (1,474) Penambahan pelaburan dalam subsidiari-subsidiari (448,454) (9,000) Penambahan pelaburan dalam syarikat bersekutu (4,000) –

TUNAI BERSIH DIGUNAKAN DALAM AKTIVITI PELABURAN (449,399) (2,888)

67 AFFIN HOLDINGS BERHAD Penyata Aliran Tunai Syarikat (Sambungan)

Nota 2001 2000 RM’000 RM’000

ALIRAN TUNAI DARIPADA AKTIVITI PEMBIAYAAN

Penebusan bon – (255,000) Penambahan/(pengurangan) pinjaman bank 200,000 (70,090) Dividen dibayar (6,643) (4,168) Perolehan daripada terbitan saham – 660,114 Perbelanjaan terbitan saham – (1,067)

TUNAI BERSIH DIJANA DARIPADA AKTIVITI PEMBIAYAAN 193,357 329,789

(PENGURANGAN)/PENAMBAHAN BERSIH DALAM TUNAI DAN SETARAAN TUNAI (122,174) 313,531

TUNAI DAN SETARAAN TUNAI PADA AWAL TAHUN KEWANGAN 330,499 16,968

TUNAI DAN SETARAAN TUNAI PADA AKHIR TAHUN KEWANGAN 36 208,325 330,499

Dasar-dasar perakaunan di mukasurat 69 hingga 74 dan nota-nota di mukasurat 75 hingga 112 adalah sebahagian daripada penyata kewangan ini. 68 AFFIN HOLDINGS BERHAD RUMUSAN Dasar-dasar Perakaunan Penting Kumpulan bagi tahun kewangan berakhir 31 Disember 2001

Dasar-dasar perakaunan yang berikut telah digunakan dengan konsisten berhubung perkara-perkara yang dianggap material berkenaan dengan penyata kewangan.

A PENYEDIAAN PENYATA KEWANGAN

Penyata-penyata kewangan Kumpulan dan Syarikat disediakan berdasarkan konvensyen kos sejarah kecuali seperti yang dinyatakan dalam rumusan dasar-dasar perakaunan penting ini dan mematuhi Piawaian Perakaunan yang diluluskan dan yang berkenaan di Malaysia serta mengikut Garis Panduan Bank Negara Malaysia dan peruntukan-peruntukan Akta Syarikat, 1965.

Penyata kewangan ini meliputi kegiatan Skim Perbankan Islam yang dikendalikan oleh Kumpulan. Skim Perbankan Islam merujuk kepada penerimaan deposit dan pembiayaan mengikut prinsip-prinsip Syariah.

B ASAS PENYATUAN

Penyata kewangan yang disatukan termasuk penyata-penyata kewangan Syarikat dan subsidiari-subsidiari yang disediakan sehingga akhir tahun kewangan. Urusniaga antara syarikat tidak diambilkira pada penyatuan dan penyata kewangan yang disatukan menunjukkan urusniaga-urusniaga luar sahaja. Subsidiari-subsidiari disatukan dari tarikh di mana penguasaan diperolehi oleh Kumpulan dan tidak lagi disatukan pada tarikh penguasaan terhenti. Subsidiari-subsidiari disatukan mengikut kaedah perakaunan pemerolehan atau kaedah perakaunan penggabungan.

Di bawah kaedah perakaunan pemerolehan, keputusan syarikat-syarikat subsidiari yang diperolehi atau dilupuskan dalam tahun semasa diambil kira dari tarikh pemerolehan sehingga ke tarikh pelupusan. Pada tarikh pemerolehan, nilai saksama aset-aset bersih subsidiari-subsidiari ditentukan dan nilai ini ditunjukkan di dalam penyata kewangan yang disatukan. Perbezaan antara kos pemerolehan dan nilai saksama aset-aset bersih subsidiari-subsidiari ditunjukkan sebagai muhibah daripada penyatuan.

Di bawah kaedah perakaunan penggabungan, keputusan subsidiari-subsidiari diambilkira seolah-olah penggabungan telah berlaku di sepanjang tahun semasa dan tahun-tahun yang lepas. Semasa penyatuan, perbezaan antara nilai buku pelaburan dan nilai nominal saham diperolehi dipindahkan ke rizab penggabungan.

Kepentingan minoriti dinilai sebagai bahagian minoriti nilai saksama aset-aset bersih selepas pemerolehan yang boleh dikenalpasti. Kepentingan minoriti adalah dinyatakan secara berasingan.

C MUHIBAH/RIZAB MODAL YANG TIMBUL BERIKUTAN PENYATUAN

Muhibah yang timbul berikutan penyatuan mewakili lebihan daripada harga belian berbanding nilai saksama aset bersih subsidiari-subsidiari pada tarikh pengambilalihan. Jumlah itu dikekalkan dalam lembaran imbangan yang disatukan dan penurunan nilainya dibuat hanya apabila para pengarah berpendapat wujudnya rosotnilai yang berkekalan.

Rizab modal berikutan penyatuan mewakili lebihan daripada harga saksama aset bersih subsidiari-subsidiari berbanding harga belian. Jumlah itu dikekalkan dalam lembaran imbangan yang disatukan dan tidak boleh diagihkan sehingga subsidiari-subsidiari itu dijual.

D SUBSIDIARI-SUBSIDIARI

Subsidiari-subsidiari syarikat adalah syarikat-syarikat di mana Kumpulan boleh menguasai polisi-polisi kewangan dan operasinya secara langsung atau tidak langsung untuk memperolehi faedah daripada aktiviti-aktiviti mereka.

Pelaburan dalam subsidiari-subsidiari adalah dinyatakan pada nilai kos atau penilaian para pengarah, ditolak peruntukan rosotnilai bekekalan.

69 AFFIN HOLDINGS BERHAD Rumusan Dasar-dasar Perakaunan Penting Kumpulan (Sambungan)

E SYARIKAT-SYARIKAT BERSEKUTU

Pelaburan di dalam syarikat-syarikat bersekutu adalah dinyatakan pada kos atau penilaian para pengarah, ditolak peruntukan rosotnilai berkekalan.

Kumpulan menganggap syarikat bersekutu sebagai syarikat di mana Kumpulan memiliki kepentingan ekuiti jangka panjang di antara 20% hingga 50% dan Kumpulan mempunyai kedudukan yang membolehkannya melaksanakan pengaruhnya menerusi penyertaan pengurusan. Perlaksanaan pengaruh ialah hak untuk menyertai dalam keputusan polisi kewangan dan operasi mereka tetapi tidak menguasai polisi-polisi tersebut.

Kumpulan mengambilkira bahagian keputusan selepas pengambilalihan dan rizab syarikat-syarikat bersekutu berdasarkan akaun beraudit atau penyata kewangan pengurusan terbaru syarikat-syarikat berkenaan.

F PENGIKTIRAFAN PENDAPATAN

(i) Pendapatan faedah diiktiraf mengikut asas akruan. Pendapatan atas urusniaga sewa-beli, diskaun blok dan pemajakan dikira mengikut kaedah jumlah digit-digit. Pengiktirafan pendapatan faedah daripada pinjaman-pinjaman yang dikelaskan tidak berbayar, digantung sehingga diperolehi secara tunai. Akaun pelanggan dikelaskan sebagai pinjaman tidak berbayar apabila tunggakan bayaran balik selama enam bulan atau lebih untuk pinjaman dan overdraf, serta-merta selepas tarikh kematangan atau sehingga tiga bulan dari tarikh pembayaran bagi bil-bil perdagangan, penerimaan jurubank dan penerimaan amanah.

Polisi Kumpulan terhadap penggantungan faedah pinjaman dan overdraf adalah menurut garis panduan Bank Negara Malaysia untuk pengkelasan pinjaman tidak berbayar dan peruntukan untuk hutang substandard, hutang lapuk dan hutang ragu, manakala polisi untuk penggantungan faedah bil-bil perdagangan, penerimaan amanah dan penerimaan jurubank oleh subsidiari-subsidiari tertentu adalah lebih ketat daripada yang dikehendaki di dalam garis panduan.

(ii) Pendapatan dari Skim Perbankan Islam diiktiraf mengikut asas akruan mengikut hukum-hukum Syariah.

(iii) Yuran untuk menguruskan pinjaman dan komisyen diiktiraf sebagai pendapatan selepas syarat-syarat perkhidmatan itu dipenuhi.

(iv) Pengurusan portfolio, yuran komitmen, yuran jaminan dan yuran agensi dan komisyen diiktiraf sebagai pendapatan berdasarkan asas pembahagian waktu.

(v) Pendapatan pembrokeran diiktiraf selepas perlaksanaan kontrak. Pendapatan faedah, bayaran penanggungan dan pendapatan bayaran lain diiktiraf atas dasar akruan. Bagi siberhutang yang dikelaskan sebagai ragu atau lapuk, pendapatan faedah ini digantung mengikut Peraturan Bursa Saham Kuala Lumpur.

(vi) Dividen-dividen dari sekuriti dagangan diiktiraf apabila diterima sementara dividen-dividen daripada sekuriti pelaburan diiktiraf apabila diumumkan.

(vii) Dividen-dividen dari subsidiari-subsidiari dan syarikat bersekutu diambilkira dalam penyata pendapatan apabila pemegang saham mendapat hak penerimaan dividen.

70 AFFIN HOLDINGS BERHAD Rumusan Dasar-dasar Perakaunan Penting Kumpulan (Sambungan)

G PERUNTUKAN BAGI HUTANG LAPUK DAN RAGU DAN PEMBIAYAAN

Peruntukan khas dibuat bagi hutang ragu yang sudah disemak satu persatu dan dikenalpasti sebagai hutang lapuk, ragu atau substandard. Peruntukan am berdasarkan peratusan portfolio pinjaman dan pembiayaan juga dibuat untuk menghadapi kerugian-kerugian yang tidak dikenalpasti.

Pinjaman dan pembiayaan yang tidak berjaya dikutip atau sebahagian pinjaman dan pembiayaan yang dikelaskan sebagai lapuk akan dilupuskan setelah mempertimbangkan nilai perolehan cagaran, jika ada, dimana menurut pertimbangan pihak pengurusan, tiada harapan lagi untuk dikutip.

Peruntukan hutang dan pembiayaan tidak berbayar Kumpulan adalah mematuhi keperluan minimum garis panduan Bank Negara Malaysia untuk pengkelasan bagi pinjaman tidak berbayar dan peruntukan untuk hutang sub-standard, hutang lapuk dan hutang ragu dan juga keperluan peruntukan hutang di dalam Peraturan Bursa Saham Kuala Lumpur.

H PERJANJIAN JUAL-BALIK

Sekuriti yang dibeli melalui perjanjian jual-balik adalah sekuriti yang dibeli dengan komitmen untuk dijual balik pada tarikh hadapan. Komitmen untuk menjual balik sekuriti tersebut dinyatakan sebagai aset dalam lembaran imbangan.

Sebaliknya, tanggungan untuk sekuriti yang dijual di bawah perjanjian beli balik adalah sekuriti yang dijual dengan komitmen untuk membeli balik sekuriti tersebut pada tarikh akan datang. Urusniaga pembiayaan sedemikian dan tanggungan berkaitan untuk membeli balik sekuriti tersebut dinyatakan sebagai liabiliti dalam lembaran imbangan.

I SEKURITI DAGANGAN

Sekuriti dagangan adalah sekuriti pasaran yang dibeli dengan tujuan untuk dijual semula dalam jangka masa yang pendek dan dinyatakan pada kos atau nilai pasaran mengikut yang mana lebih rendah.

Pemindahan, jika ada, di antara sekuriti dagangan dan sekuriti pelaburan akan dilakukan pada kos atau nilai pasaran, mengikut yang mana lebih rendah.

J SEKURITI PELABURAN

Sekuriti pelaburan adalah sekuriti yang dibeli dan disimpan untuk pulangan atau pertumbuhan modal atau untuk memenuhi kadar minimum aset mudah cair yang diwajibkan di bawah seksyen 38 Akta Bank dan Institusi Kewangan, 1989, dan sekuriti ini biasanya dipegang sehingga tarikh matang.

Sekuriti Kerajaan Malaysia, Sijil Pelaburan Kerajaan Malaysia, Bon Cagamas, Sekuriti Kerajaan yang lain, sekuriti hutang persendirian yang dijamin oleh Bank dan dikecualikan oleh Bank Negara Malaysia yang dipegang untuk pelaburan adalah dinyatakan pada kos dan dilaraskan untuk pelunasan premium dan pertambahan diskaun sehingga tarikh matang. Sekuriti hutang persendirian yang lain dinyatakan pada kos atau nilai pasaran mengikut yang mana lebih rendah. Sekuriti pelaburan yang lain dinyatakan pada kos dan peruntukan dibuat bagi penyusutan kekal nilainya jika diperlukan.

Pemindahan, jika ada, di antara sekuriti pelaburan dan sekuriti dagangan akan dilakukan pada kos atau nilai pasaran, mengikut yang mana lebih rendah.

71 AFFIN HOLDINGS BERHAD Rumusan Dasar-dasar Perakaunan Penting Kumpulan (Sambungan)

K ASET TETAP DAN SUSUTNILAI

Aset tetap dinyatakan pada kos ditolak susutnilai terkumpul.

Tanah milik bebas dan pembinaan dalam perlaksanaan tidak dilunaskan. Tanah milik pajak dilunaskan berasaskan tempoh pajakan. Semua aset tetap yang lain disusutnilaikan berasaskan kaedah garis lurus dihitung untuk menghapuskira kos setiap aset tersebut dalam tempoh anggaran jangka hayat kegunaannya berdasarkan kadar-kadar tahunan seperti berikut:

Bangunan atas tanah milik bebas 2% Tanah dan bangunan milik pajakan Pelunasan dalam tempoh 23 hingga 911 tahun Pengubahsuaian 10% - 20% Perabot dan peralatan 10% - 20% Peralatan dan perisian komputer 10% - 25% Kenderaan bermotor 20%

L ASET DIBELI MELALUI PAJAKAN

Pajakan operasi

Pajakan yang mana risiko-risiko dan manfaat-manfaat aset-aset terus dimiliki oleh sipemajak adalah dikelaskan sebagai pajakan operasi. Bayaran bagi sewa pajakan dicajkan ke penyata pendapatan.

Apabila pajakan operasi dibatalkan sebelum tamat tempoh pajakan, sebarang bayaran yang harus dibuat kepada sipemajak sebagai penalti adalah diambilkira di dalam penyata pendapatan sebagai perbelanjaan di dalam tempoh di mana pembatalan berlaku.

M ASET DIJUAL MELALUI PAJAKAN

Pajakan kewangan

Apabila aset dijual melalui pajakan kewangan, nilai semasa pembayaran pajakan dianggap sebagai penghutang. Perbezaan di antara nilai penghutang kasar dan nilai semasa penghutang akan dianggap sebagai pendapatan belum diperolehi. Pendapatan pajakan akan diambilkira dalam penyata pendapatan di sepanjang tempoh pajakan dengan menggunakan kaedah ‘sum of digit’.

N CUKAI TERTUNDA

Peruntukan untuk cukai tertunda dibuat mengikut kaedah ‘liabiliti’ bagi semua perbezaan masa ketara antara keuntungan perakaunan dan keuntungan boleh dicukai, kecuali bagi perbezaan yang dianggap akan berterusan pada masa hadapan. Kesan cukai ke atas perbezaan masa yang menyebabkan baki debit atau baki cukai tertunda didebitkan tidak dibawa ke hadapan melainkan ada kemungkinan realisasi yang berpatutan.

72 AFFIN HOLDINGS BERHAD Rumusan Dasar-dasar Perakaunan Penting Kumpulan (Sambungan)

O PERTUKARAN MATAWANG

Aset dan liabiliti dalam matawang asing telah dinyatakan dalam lembaran imbangan mengikut kadar semasa yang hampir dengan kadar pertukaran pada tarikh lembaran imbangan. Urusniaga penyata pendapatan matawang asing sepanjang tahun telah ditukarkan kepada Ringgit Malaysia pada kadar pertukaran yang berkuatkuasa pada tarikh urusniaga tersebut. Keuntungan dan kerugian pertukaran akan diiktiraf dalam penyata pendapatan dalam tahun ianya berlaku.

Kadar purata penukaran matawang yang digunakan pada akhir tahun adalah seperti berikut:-

Matawang asing 2001 2000 RM RM

1 US Dollar 3.80 3.80 1 Great Britain Pound 5.51 5.70

P KONTRAK TUKARAN HADAPAN

Kontrak tukaran hadapan yang belum matang pada tarikh lembaran imbangan akan dinilai berdasarkan kadar tukaran hadapan mengikut tarikh kematangan masing-masing. Keuntungan dan kerugian belum direalisasikan akan diiktiraf di dalam penyata pendapatan tahun kewangan semasa.

Q FAEDAH PERSARAAN KAKITANGAN

Skim faedah persaraan kakitangan yang dilaksanakan oleh Kumpulan bank komersial telah ditamatkan pada 31 Disember 2000. Pada tahun lepas, bank komersial dan subsidiari-subsidiarinya menyumbang kepada sebuah skim faedah persaraan bagi eksekutif kanan, eksekutif dan setiausaha sulit berdasarkan pelan takrif faedah. Aset-aset skim dipegang secara berasingan di dalam sebuah dana yang ditadbir secara bebas. Sumbangan kepada skim tersebut adalah dicajkan kepada penyata pendapatan untuk menyebarkan kos skim sepanjang jangkamasa perkhidmatan kakitangan dalam kumpulan Bank komersial itu. Sumbangan-sumbangan adalah ditentukan oleh aktuari luar berdasarkan penilaian tiga (3) tahun sekali menggunakan kaedah faedah terakru.

Skim faedah persaraan kakitangan yang dilaksanakan oleh sebuah syarikat kewangan dalam Kumpulan telah ditamatkan pada 31 Mac 2001 dan faedahnya telah diakrukan kepada kakitangan yang layak berdasarkan gaji dan tempoh perkhidmatan dalam Kumpulan Kewangan pada tarikh tersebut. Skim ini yang akan menerima pulangan pada setiap tahun pada kadar yang dipra-tentukan oleh para Pengarah, akan dibayar kepada kakitangan yang layak apabila bersara. Pulangan yang terakru akan dilupuskan ke dalam penyata pendapatan dalam tahun bilamana ia diakru. Pada tahun lepas, peruntukan faedah persaraan telah dibuat oleh sebuah syarikat kewangan dalam kumpulan ini untuk kakitangannya yang berkelayakan dan telah berkhidmat dengan kumpulan sekurang-kurangnya sepuluh (10) tahun berasaskan ganjaran dan tempoh perkhidmatan mereka.

R BIL DAN PENERIMAAN JURUBANK

Bil dan penerimaan jurubank merupakan bil dan penerimaan jurubank yang telah dijual dalam pasaran pada harga diskaun dan masih belum matang lagi.

S PERBELANJAAN TERTUNGGAK

Perbelanjaan tertunggak terdiri daripada perbelanjaan terbitan bon yang akan dilunaskan setiap tahun dalam penyata pendapatan di sepanjang hayat bon tersebut.

73 AFFIN HOLDINGS BERHAD Rumusan Dasar-dasar Perakaunan Penting Kumpulan (Sambungan)

T AMAUN TERHUTANG DARIPADA DANAHARTA

Jumlah penerimaan daripada pinjaman yang dijual kepada Pengurusan Danaharta Nasional Berhad (‘Danaharta’) diterima dalam dua bahagian, iaitu pada masa jualan pinjaman (‘penerimaan awal’) dan pada masa pinjaman diperolehi semula (‘penerimaan akhir’). Penerimaan akhir adalah merupakan agihan kepada Bank yang telah ditetapkan dan bergantung pada lebihan antara penerimaan awal dan penerimaan semula pinjaman.

Perbezaan di antara nilai pinjaman dan penerimaan awal dikenali sebagai ‘Jumlah Terhutang daripada Danaharta’ dalam komponen ‘Aset-aset lain’. Peruntukan untuk jumlah ini adalah mengikut Garis Panduan Bank Negara Malaysia untuk ‘Jualan Pinjaman Tidak Berbayar kepada Pengurusan Danaharta Nasional Berhad’ yang dikeluarkan pada 30 April 1999 untuk mencerminkan penilaian para Pengarah subsidiari perbankan tentang nilai penerimaan akhir pada tarikh lembaran imbangan.

U ALATAN KEWANGAN DERIVATIF

Transaksi untuk alatan kewangan derivatif (‘derivatif’) yang dikendalikan termasuk pertukaran kadar faedah, pasaran hadapan dan lain-lain alatan seperti itu bagi tujuan urusniaga dan bukan urusniaga. Derivatif yang diklasifikasikan sebagai bukan urusniaga dipegang untuk tujuan membendung pendedahan yang melibatkan aset-aset dan liabiliti-liabiliti syarikat subsidiari bank komersil.

Keuntungan dan kerugian akibat transaksi-transaksi pembendungan risiko khusus diiktiraf dalam penyata pendapatan dalam tempoh di mana pendapatan dan perbelanjaan dijana oleh transaksi-transaksi yang berkaitan. Transaksi yang pada mulanya dimasuki sebagai pembendungan risiko tetapi tidak lagi mewakili pembendungan, nilainya akan dinyatakan semula dan perubahan dalam nilainya akan diambilkira dalam penyata pendapatan.

Keuntungan dan kerugian dari alatan yang dibeli atau dijual untuk tujuan urusniaga akan dibawa ke penyata pendapatan. Transaksi-transaksi yang masih berada pada tarikh lembaran imbangan akan dinyatakan pada nilai pasaran.

V KOMISYEN WAKIL PENJUAL DAN CAJ KENDALIAN

Komisyen dan caj kendalian dibayar kepada wakil penjual sewa-beli, dilupuskan berdasarkan kaedah ‘sum of digit’.

W ZAKAT

Zakat merupakan kewajipan yang perlu dibayar oleh Kumpulan mengikut prinsip-prinsip Syariah dan seperti yang dipersetujui oleh Majlis Penyeliaan Syariah.

X TUNAI DAN SETARAAN TUNAI

Tunai dan setaraan tunai terdiri daripada tunai dan deposit jangka pendek yang sedia ditukar ke amaun tunai yang pasti dan tidak terdedah kepada risiko penukaran nilai yang ketara.

74 AFFIN HOLDINGS BERHAD NOTA-NOTA Kepada Penyata Kewangan 31 Disember 2001

1 MAKLUMAT AM

Aktiviti utama Syarikat adalah pemegangan pelaburan. Aktiviti utama subsidiari-subsidiari dan syarikat bersekutunya adalah seperti yang dinyatakan masing-masing dalam Nota 8 dan 9 kepada penyata kewangan. Aktiviti-aktiviti tersebut tidak mengalami sebarang perubahan ketara di sepanjang tahun kewangan ini.

Dalam tahun kewangan semasa, Kumpulan telah mengambilalih aset dan liabiliti BSN Commercial Bank (M) Berhad yang tertentu dan keseluruhan saham BSN Merchant Bank Berhad dan BSN Finance Berhad. Kesan daripada pembelian ini terhadap penyata-penyata kewangan Kumpulan adalah seperti dinyatakan dalam Nota 35.

Jumlah pekerja pada 31 Disember 2001 adalah 6,149 (2000: 4,936) pekerja di dalam Kumpulan dan 5 (2000: 3) pekerja di dalam Syarikat.

Para Pengarah menganggap Lembaga Tabung Angkatan Tentera, sebuah badan korporat yang ditubuhkan di bawah Akta Tabung Angkatan Tentera, 1973, sebagai badan korporat pemegang induk dan pemegang muktamad Syarikat.

Syarikat adalah sebuah syarikat awam liabiliti terhad yang ditubuhkan dan bermastautin di Malaysia, dan disenarai di Papan Utama Bursa Saham Kuala Lumpur.

2 TUNAI DAN DANA JANGKA PENDEK

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Tunai dan baki di bank-bank dan institusi-institusi kewangan 274,561 281,503 2,145 90 Wang panggilan dan penempatan deposit matang dalam tempoh sebulan 2,048,880 1,809,657 206,180 330,409

2,323,441 2,091,160 208,325 330,499

Terkandung dalam tunai dan baki bank-bank Kumpulan adalah akaun-akaun amanah yang ditanggung oleh sebuah subsidiari untuk pelanggan dan remiser berjumlah RM6,969,096 (2000: RM987,859).

3 DEPOSIT DAN PENEMPATAN DENGAN INSTITUSI-INSTITUSI KEWANGAN

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Bank berlesen 147,302 246,948 – – Institusi kewangan berlesen 6,932 342,998 – 30,249 Institusi-institusi kewangan yang lain 538,009 301,097 – –

692,243 891,043 – 30,249

Terkandung dalam deposit dan penempatan dengan institusi-institusi kewangan Kumpulan adalah akaun amanah yang ditanggung oleh sebuah subsidiari untuk pelanggan dan remiser berjumlah RM5,780,902 (2000: RM9,714,891).

75 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

4 SEKURITI DAGANGAN

Kumpulan 2001 2000 RM’000 RM’000

Instrumen pasaran wang:

Disebutharga

Sekuriti Kerajaan Malaysia 22,206 38,960 Sekuriti hutang persendirian – 3,775

Tidak disebutharga

Bon Danamodal 61,549 17,391

83,755 60,126 Sekuriti disebutharga:

Di Malaysia

Saham 218 701 Saham amanah 757 1,294

Sekuriti tidak disebutharga:

Di Malaysia

Sekuriti hutang persendirian 21,400 945

Jumlah sekuriti dagangan 106,130 63,066

Nilai pasaran instrumen pasaran wang disebutharga dan sekuriti disebutharga:

Sekuriti Kerajaan Malaysia 22,206 39,127 Sekuriti hutang persendirian – 4,475 Saham disebutharga di Malaysia 218 730 Saham amanah 840 1,225

76 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

5 SEKURITI PELABURAN

Kumpulan 2001 2000 RM’000 RM’000

Instrumen pasaran wang:

Disebutharga

Sekuriti Kerajaan Malaysia 609,877 482,086 Sijil Pelaburan Kerajaan Malaysia 572,800 885,687 Sijil Pelaburan Islam Kerajaan Malaysia 74,143 – Bon Cagamas 496,037 444,903

Tidak disebutharga

Bil Perbendaharaan Kerajaan Malaysia 59,254 49,654 Bil-bil Bank Negara Malaysia 394,285 299,335 Nota-nota Cagamas 109,960 – Sijil deposit boleh niaga 169,871 377,000 Sekuriti hutang persendirian 1,078,749 113,547 Penerimaan jurubank 374,725 34,408 Bon Khazanah 18,570 – Sekuriti skim perbankan tanpa faedah - Sijil hutang boleh niaga Islam 113,358 97,515 - Penerimaan jurubank 522,585 670,505 - Sekuriti hutang persendirian 175,695 226,655 - Bon Khazanah 110,702 – - Nota-nota Korporat Islam 79,140 50,000 Bon Danamodal 288,642 251,298 Bon Danaharta 31,083 320,916 Nota kadar terapung 76,000 –

5,355,476 4,303,509 Sekuriti disebutharga:

Di Malaysia:

Saham 76,201 42,758 Sekuriti hutang persendirian 94,275 62,263 Stok pinjaman 90,861 90,861

Sekuriti tidak disebutharga:

Di Malaysia:

Saham 59,731 55,460 Sekuriti hutang persendirian 856,812 1,491,036

77 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

5 SEKURITI PELABURAN (Sambungan)

Kumpulan 2001 2000 RM’000 RM’000

Sekuriti tidak disebutharga (sambungan):

Di luar Malaysia:

Sekuriti hutang persendirian 48,731 41,800

6,582,087 6,087,687

Penambahan diskaun ditolak pelunasan premium ke atas sekuriti dan bon 51,281 75,185 Penambahan diskaun ditolak pelunasan premium ke atas sekuriti Islam 218 4,969

Jumlah kecil 6,633,586 6,167,841

Ditolak:

Peruntukan bagi rosotnilai sekuriti pelaburan (198,248) (154,232)

Jumlah sekuriti pelaburan 6,435,338 6,013,609

Nilai pasaran instrumen pasaran wang disebutharga dan sekuriti disebutharga:

Sekuriti Kerajaan Malaysia 407,927 489,441 Sijil Pelaburan Kerajaan Malaysia 574,404 893,135 Sijil Pelaburan Islam Kerajaan Malaysia 74,320 – Bon Cagamas 499,621 448,376 Saham 48,405 30,621 Sekuriti hutang persendirian di Malaysia 54,067 121,620 Stok pinjaman 90,861 90,861

Struktur kematangan instrumen pasaran wang dipegang bagi tujuan pelaburan adalah seperti berikut:

Matang dalam tempoh setahun 3,391,456 2,935,190 Satu hingga tiga tahun 1,532,083 734,287 Tiga hingga lima tahun 169,934 553,617 Melebihi lima tahun 262,003 80,415

5,355,476 4,303,509

78 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

6 PINJAMAN, PENDAHULUAN AND PEMBIAYAAN

Kumpulan 2001 2000 RM’000 RM’000

Overdraf 3,213,158 2,220,687 Pinjaman berjangka 10,774,943 7,299,060 Kredit pusingan 2,384,099 1,414,666 Bil boleh diterima 300,716 104,167 Penerimaan amanah 568,507 366,203 Sewa beli 5,024,483 3,549,148 Sewapajak akan diterima 13,562 20,319 Blok diskaun 41,543 21,720 Pinjaman kakitangan (yang mana tiada kepada pengarah) 186,106 137,562 Pemfaktoran 52,496 – Tuntutan ke atas pelanggan di bawah kredit penerimaan 1,540,506 969,849 Sistem perbankan Islam 127,557 138,022

24,227,676 16,241,403 Faedah belum diperolehi (1,295,720) (671,566)

Pinjaman, pendahuluan dan pembiayaan kasar 22,931,956 15,569,837

Peruntukan untuk hutang tidak berbayar dan pembiayaan: - Khas (2,238,862) (610,354) - Am (325,116) (306,761) Faedah/pendapatan tergantung (1,153,345) (459,533)

(3,717,323) (1,376,648)

Jumlah bersih pinjaman, pendahuluan dan pembiayaan 19,214,633 14,193,189

Termasuk di dalam pinjaman bertempoh dan sewa-beli adalah pinjaman perumahan dan pinjaman sewa-beli yang telah dijual kepada Cagamas dengan kemudahan jual-balik berjumlah RM1,575,165,000 (2000: RM535,196,000).

(i) Struktur kematangan pinjaman, pendahuluan dan pembiayaan adalah seperti berikut:

Kumpulan 2001 2000 RM’000 RM’000

Matang dalam tempoh satu tahun 13,693,183 5,414,854 Satu hingga tiga tahun 2,075,615 6,666,594 Tiga hingga lima tahun 2,723,103 1,335,451 Melebihi lima tahun 4,440,055 2,152,938

22,931,956 15,569,837

79 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

6 PINJAMAN, PENDAHULUAN AND PEMBIAYAAN (Sambungan)

(ii) Pinjaman, pendahuluan dan pembiayaan dianalisa mengikut matlamat ekonomi adalah seperti berikut:

Kumpulan 2001 2000 RM’000 RM’000

Pertanian 477,323 222,843 Perlombongan dan kuari 90,301 88,373 Pengilangan 3,730,704 1,990,898 Elektrik, gas dan air 277,786 176,222 Pembinaan 2,828,568 2,066,868 Hartanah 1,069,380 725,173 Pembelian harta bertanah: - Perumahan 2,714,273 1,341,511 - Bukan perumahan 1,605,870 1,083,857 Perniagaan am 2,173,053 1,113,406 Pengangkutan, pergudangan dan komunikasi 980,270 1,215,919 Pembiayaan, insurans dan perkhidmatan perniagaan 883,439 836,688 Pembelian sekuriti 878,496 978,950 Pembelian kenderaan pengangkutan 3,420,557 2,323,845 Kredit penggunaan 601,342 574,205 Lain-lain 1,200,594 831,079

22,931,956 15,569,837

(iii) Perubahan dalam pinjaman dan pembiayaan tidak berbayar (termasuk faedah dan pendapatan yang akan diterima) adalah seperti berikut: Kumpulan 2001 2000 RM’000 RM’000

Baki pada 1 Januari 2,583,480 3,205,802 Terhasil daripada pemerolehan subsidiari-subsidiari 1,727,601 – Pinjaman tidak berbayar pada tahun kewangan (kasar) 3,979,698 1,872,712 Jumlah dijual kepada Danaharta – (55,044) Hutang lapuk diperolehi semula (718,607) (514,216) Jumlah dihapuskira (77,220) (650,921) Pengkelasan semula sebagai pinjaman berbayar (229,550) (1,042,914) Pindahan berkenaan penukaran hutang (257,749) (231,939)

Pinjaman tidak berbayar kasar 7,007,653 2,583,480 Peruntukan khas dan faedah tergantung (3,364,052) (1,034,747)

Pinjaman tidak berbayar bersih pada 31 Disember 3,643,601 1,548,733

(% di atas jumlah pinjaman, pendahuluan dan pembiayaan bersih) 18.62 10.66

80 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

6 PINJAMAN, PENDAHULUAN AND PEMBIAYAAN (Sambungan)

(iv) Perubahan dalam peruntukan bagi hutang lapuk dan ragu dan faedah/pendapatan tergantung adalah seperti berikut:

Kumpulan 2001 2000 RM’000 RM’000

Peruntukan khas

Baki pada 1 Januari 610,354 698,775 Hasil daripada pemerolehan subsidiari-subsidiari 643,284 – Peruntukan pada tahun kewangan 1,111,420 506,859 Jumlah dijual kepada Danaharta – (76) Pengurangan peruntukan kerana diterima semula (74,037) (79,975) Jumlah dihapuskira (47,159) (489,609) Jumlah dihapuskira berkenaan penukaran hutang (5,000) (25,620)

Baki pada 31 Disember 2,238,862 610,354

Peruntukan am

Baki pada 1 Januari 306,761 240,536 Hasil daripada pemerolehan subsidiari-subsidiari 94,412 – (Diterima semula)/peruntukan pada tahun kewangan (67,242) 72,772 Peruntukan yang dikurangkan pada tahun kewangan (8,815) (6,547)

Baki pada 31 Disember 325,116 306,761

(% di atas jumlah pinjaman ditolak peruntukan khas dan faedah/pendapatan tergantung) 1.66 2.12

Faedah/pendapatan tergantung

Baki pada 1 Januari 459,533 482,527 Hasil pemerolehan subsidiari-subsidiari 300,486 – Peruntukan pada tahun kewangan 662,225 389,062 Jumlah dijual kepada Danaharta – (5,124) Pengurangan peruntukan kerana diterima semula (233,529) (188,360) Jumlah dihapuskira (21,784) (158,653) Pindahan berkenaan penukaran hutang (13,586) (59,919)

Baki pada 31 Disember 1,153,345 459,533

81 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

7 DEPOSIT BERKANUN DENGAN BANK NEGARA MALAYSIA

Deposit berkanun tanpa faedah adalah berkaitan dengan subsidiari-subsidiari perbankan dan kewangan dan disimpan di Bank Negara Malaysia bagi mematuhi Seksyen 37(1)(c) Akta Bank Pusat Malaysia 1958 (disemak - 1994), yang jumlahnya ditetapkan sebagai suatu peratusan tertentu daripada liabiliti-liabiliti yang layak.

8 SUBSIDIARI-SUBSIDIARI

Syarikat 2001 2000 RM’000 RM’000

Saham-saham tidak disebutharga di Malaysia pada kos 2,085,490 1,637,036 Saham-saham disebutharga di Malaysia pada kos 252,398 252,398 Jumlah terhutang daripada subsidiari-subsidiari: - Stok Pinjaman Tidak Boleh Ditebus, Boleh Ditukar dan Tidak Bercagar 200,000 200,000 - Dividen akan diterima 32,354 28,600 - Pendahuluan kepada subsidiari 2,750 18,425 - Lain-lain amaun yang akan diterima 14,001 5,141

2,586,993 2,141,600

Nilai pasaran saham disebutharga 252,398 191,822

Pendahuluan kepada subsidiari adalah tanpa cagaran, tanpa faedah dan tiada tempoh pembayaran yang tetap.

Stok Pinjaman Tidak Boleh Ditebus, Boleh Ditukar dan Tidak Bercagar’ (‘ICULS’) berjumlah RM200 juta telah diterbitkan pada 22 September 1997 oleh sebuah subsidiari berdasarkan RM25.00 harga nominal bagi dua belas saham biasa RM1.00 sesaham. ICULS ini menawarkan faedah pada kadar 7% perlu dibayar setiap tahun secara tunggakkan pada 21 September setiap tahun. ICULS ini akan matang dalam lima tahun dari tarikh terbitan dan boleh ditukar kepada saham biasa RM1.00 sesaham bila-bila masa sebaik tarikh terbitan, pada harga tukaran RM1.20. Saham biasa baru yang diterbitkan di atas penukaran ICULS akan bertaraf pari passu dari semua segi dengan saham biasa subsidiari yang sedia ada.

Subsidiari-subsidiari yang diperbadankan di Malaysia adalah seperti berikut:

Saham yang Peratusan ekuiti diterbitkan dan dipegang Nama Kegiatan utama dibayar sepenuhnya 2001 2000 RM’000 % %

Affin Bank Berhad Perkhidmatan bank komersil 909,631 100 100

PAB Properties Sdn Bhd Perkhidmatan pengurusan 8,000 100 100 hartanah

PAB Nominee (Tempatan) Perkhidmatan nominee, 40 100 100 Sdn Bhd penjagaan dan pendaftaran saham

PAB Property Development Dorman 250 100 100 Sdn Bhd 82 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

8 SUBSIDIARI-SUBSIDIARI (Sambungan)

Saham yang Peratusan ekuiti diterbitkan dan dipegang Nama Kegiatan utama dibayar sepenuhnya 2001 2000 RM’000 % %

PAB Property Management Dorman 30 100 100 Services Sdn Bhd

PAB Trustee Berhad # Perkhidmatan pengurusan 500 100 100 amanah

PAB Venture Capital Sdn Bhd Dorman – 100 100

Affin Futures Sdn Bhd Broker pasaran hadapan 13,000 100 100 dan opsyen

PAB Property Trust Dorman – 100 100 Management Berhad

PAB Nominee (Asing) Dorman – 100 100 Sdn Bhd

BSN Information Dorman 2,000 100 – Technologies & Services Sdn Bhd

Affin Factors Sdn Bhd Pemfaktoran kemudahan kredit 10,000 100 – (dahulu dikenali sebagai BSNC Factors Sdn Bhd)

BSNCB Nominees Dorman 500 100 – (Tempatan) Sdn Bhd

BSNC Nominees Dorman 10 100 – (Tempatan) Sdn Bhd

BSNC Nominees Dorman 10 100 – (Asing) Sdn Bhd

BSN Merchant Bank Dorman 125,000 100 – Berhad

BSN Merchant Nominees Dorman 10 100 – (Tempatan) Sdn Bhd

BSN Merchant Nominees Dorman 10 100 – (Asing) Sdn Bhd

BSNC Asset Management Dorman – 100 – (M) Berhad

83 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

8 SUBSIDIARI-SUBSIDIARI (Sambungan)

Saham yang Peratusan ekuiti diterbitkan dan dipegang Nama Kegiatan utama dibayar sepenuhnya 2001 2000 RM’000 % %

BSNC Venture Capital (M) Dorman – 100 – Sdn Bhd

Barakah Corporation Dorman – 100 – Sdn Bhd

Affin Corporate Services Dorman – 100 100 Sdn Bhd

Affin Discount Berhad* Rumah diskaun 70,000 100 100

Affin Moneybrokers Sdn Bhd* Broker kewangan 200 100 100

Indolight Sdn Bhd Dorman – 100 100

Affin Fund Management Pengurusan aset 12,000 100 100 Sdn Bhd

Affin Trust Management Pengurusan unit amanah 5,000 100 100 Berhad (dahulunya dikenali sebagai PAB Unit Trust Management Berhad)

Affin - UOB Holdings Pegangan pelaburan 100,000 55 55 Sdn Bhd

Affin - UOB Securities Pembrokeran saham 100,000 55 55 Sdn Bhd

Affin - UOB Nominees Perkhidmatan nominee, – 55 55 (Tempatan) Sdn Bhd penjagaan dan pendaftaran saham bagi pelabur tempatan

Affin - UOB Nominees Perkhidmatan nominee, penjagaan – 55 55 (Asing) Sdn Bhd dan pendaftaran saham bagi pelabur asing

Affin Merchant Bank saudagar 187,500 63.16 63.16 Bank Berhad

Merchant Nominees Dorman – 63.16 63.16 (Asing) Sdn Bhd

84 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

8 SUBSIDIARI-SUBSIDIARI (Sambungan)

Saham yang Peratusan ekuiti diterbitkan dan dipegang Nama Kegiatan utama dibayar sepenuhnya 2001 2000 RM’000 % %

Merchant Nominees Perkhidmatan nominee, 10 63.16 63.16 (Tempatan) Sdn Bhd penjagaan dan pendaftaran saham

Affin-ACF Holdings Berhad* Pegangan pelaburan 338,382 62.12 78.05 (dahulunya dikenali sebagai ACF Holdings Berhad)

Affin-ACF Finance Berhad* Syarikat kewangan berlesen 331,922 62.12 78.05

Affin-ACF Nominees Perkhidmatan nominee, 25 62.12 78.05 (Tempatan) Sdn Bhd* penjagaan dan pendaftaran (dahulunya dikenali sebagai saham Lion Nominees (Tempatan) Sdn Bhd)

Affin Insurance Brokers Broker insuran 1,000 62.12 78.05 Sdn Bhd* (dahulunya dikenali sebagai LCB Insurance Brokers Sdn Bhd)

Affin Leasing Sdn Bhd* Pajakan dan sewa beli 6,000 62.12 78.05 (dahulunya dikenali sebagai pembiayaan dan perkhidmatan Lion Leasing Sdn Bhd) pemfaktoran

Affin.com Sdn Bhd* Dorman 96,000 62.12 78.05

Affin-ACF Management Dorman 60,000 62.12 – Services Sdn Bhd* (dahulunya dikenali sebagai BSN Finance Bhd)

# 80% dipegang oleh pengarah Affin Bank Berhad, sebagai pemegang amanah untuk Affin Bank Berhad. * Subsidiari-subsidiari yang tidak diaudit oleh PricewaterhouseCoopers.

85 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

9 Syarikat Bersekutu

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Saham-saham tidak disebutharga pada kos 10,627 6,597 10,597 6,597 Bahagian keuntungan bersih selepas pengambilalihan syarikat bersekutu 38,014 30,966 – –

48,641 37,563 10,597 6,597

Kumpulan 2001 2000 RM’000 RM’000

Bahagian nilai aset ketara bersih terkumpul Kumpulan 49,167 38,089 Diskaun atas pengambilalihan (526) (526)

48,641 37,563

Iltizam modal untuk aset tetap 1,740 418

Syarikat-syarikat bersekutu, kesemuanya diperbadankan di Malaysia, adalah seperti berikut:

Modal terbitan Peratus dan dibayar pegangan ekuiti Nama Kegiatan utama sepenuhnya 2001 2000 RM’000 % %

Axa Affin Assurance Berhad* Insuran am 100,000 40 40

BSNC Trustee Berhad Dorman 150,020 20 –

* Saham dipegang secara langsung oleh Syarikat.

10 PENGHUTANG DAGANGAN

Sejumlah besar penghutang dagangan adalah daripada syarikat subsidiari pembrokeran saham dan terdiri daripada jumlah yang belum dibayar untuk kontrak pembelian ditolak peruntukan untuk hutang ragu sebanyak RM588,000 (2000: RM900,000) dan faedah tergantung sebanyak RM26,000 (2000: RM40,000).

86 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

11 ASET-ASET LAIN

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Hartanah terlelong 12,122 4,100 – – Faedah yang akan diterima 68,181 40,286 337 911 Penghutang lain, deposit dan bayaran terdahulu 111,130 128,028 1,524 1,453 Amaun terhutang daripada Danaharta 70,801 78,676 – – Amaun terhutang daripada pemilik asal pinjaman yang dijual kepada Cagamas 38,433 – – –

300,667 251,090 1,861 2,364

Amaun terhutang daripada Danaharta

Baki pada 1 Januari 78,676 102,325 – – Jumlah yang timbul dalam tahun kewangan 43,169 7,547 – – Peruntukan yang dibuat dalam tahun kewangan (50,862) (31,196) – – Amaun diterima semula pada tahun kewangan (182) – – –

Baki pada 31 Disember 70,801 78,676 – –

Amaun terhutang daripada pemilik asal pinjaman yang dijual kepada Cagamas

Dalam operasi perbankan biasa, dalam tahun kewangan semasa, subsidiari perbankan saudagar telah menandatangani perjanjian dengan pihak ketiga untuk memperolehi pinjaman untuk seterusnya dijual kepada Cagamas Berhad. Termasuk di dalam amaun terhutang kepada Cagamas seperti dinyatakan di dalan Nota 17, adalah baki tertunggak sebanyak RM38.4 juta di mana subsidiari perbankan saudagar tersebut bertanggungjawab terhadap pinjaman dijual kepada Cagamas. Liabiliti ini akan ditebus oleh pemilik asal pinjaman dan oleh yang demikian amaun boleh diterima semula dinyatakan sebagai ‘Amaun terhutang daripada pemilik asal pinjaman yang dijual kepada Cagamas’.

12 MUHIBBAH DARIPADA PENYATUAN

Kumpulan 2001 2000 RM’000 RM’000

Baki pada 1 Januari 607,915 602,991 Jumlah terhasil daripada pemerolehan subsidiari 275,825 – Jumlah terhasil daripada tawaran am mandatori untuk subsidiari – 4,924 Dihapuskira dalam tahun kewangan (71,655) –

Baki pada 31 Disember 812,085 607,915

87 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

13 ASET-ASET TETAP

Tanah dan bangunan milik pajakan Peralatan Bangunan Kurang Perabot dan Pembinaan Tanah milik atas tanah daripada 50 tahun Pengubah- dan perisian Kenderaan dalam bebas milik bebas 50 tahun atau lebih suaian peralatan komputer bermotor perlaksanaan Jumlah RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

KUMPULAN

2001

Kos

Pada 1 Januari 22,482 62,306 6,480 39,286 85,395 74,041 145,868 23,746 78,298 537,902

- Pengambilalihan daripada anak syarikat – 7,227 – 18,705 7,947 5,124 27,809 1,673 – 68,485 - Pembelian – – 520 1,010 5,467 10,620 26,928 4,183 24,742 73,470 - Jualan – – – – – (46) (616) (2,699) – (3,361) - Dilupuskan – – – – (6,334) (2,216) (4,750) (18) – (13,318) - Pengkelasan semula – 2,215 – 55,526 15,569 – 10,428 – (83,738) –

Pada 31 Disember 22,482 71,748 7,000 114,527 108,044 87,523 205,667 26,885 19,302 663,178

Susutnilai

Pada 1 Januari – 6,532 2,233 3,469 52,582 37,802 81,676 17,532 – 201,826

- Pengambilalihan daripada anak syarikat – – – – 1,231 901 853 816 – 3,801 - Susutnilai untuk tahun kewangan – 1,398 64 2,295 18,756 8,693 42,607 3,676 – 77,489 - Jualan – – – – – (4) (397) (2,337) – (2,738) - Dilupuskan – – – – (4,291) (1,575) (1,286) (10) – (7,162)

Pada 31 Disember – 7,930 2,297 5,764 68,278 45,817 123,453 19,677 – 273,216

Nilai buku bersih

Pada 31 Disember 2001 22,482 63,818 4,703 108,763 39,766 41,706 82,214 7,208 19,302 389,962

Page 88 Nota-nota Kepada Penyata Kewangan (Sambungan)

13 ASET-ASET TETAP (Sambungan)

KUMPULAN

2000

Kos 22,482 62,306 6,480 39,286 85,395 74,041 145,868 23,746 78,298 537,902 Susutnilai terkumpul – (6,532) (2,233) (3,469) (52,582) (37,802) (81,676) (17,532) – (201,826)

Nilai buku bersih pada 31 Disember 2000 22,482 55,774 4,247 35,817 32,813 36,239 64,192 6,214 78,298 336,076

Page 89 Nota-nota Kepada Penyata Kewangan (Sambungan)

13 ASET-ASET TETAP (Sambungan)

SYARIKAT

2001

Kos

Pada 1 Januari – – – – – – 7 – – 7 - Pembelian – – – – – – 6 – – 6

Pada 31 Disember – – – – – – 13 – – 13

Susutnilai

Pada 1 Januari – – – – – – 4 – – 4 - Susutnilai untuk tahun kewangan – – – – – – 1 – – 1

Pada 31 Disember – – – – – – 5 – – 5

Nilai buku bersih

Pada 31 Disember 2001 – – – – – – 8 – – 8

Page 90 Nota-nota Kepada Penyata Kewangan (Sambungan)

13 ASET-ASET TETAP (Sambungan)

SYARIKAT

2000

Kos – – – – – – 7 – – 7 Susutnilai terkumpul – – – – – – (4) – – (4)

Nilai buku bersih pada pada 31 Disember 2000 – – – – – – 3 – – 3

Page 91 Nota-nota Kepada Penyata Kewangan (Sambungan)

14 DEPOSIT DARIPADA PELANGGAN

Kumpulan 2001 2000 RM’000 RM’000

Deposit semasa 2,461,309 1,845,439 Deposit simpanan 1,507,980 1,517,888 Deposit tetap 13,628,398 11,960,222 Sijil deposit bolehniaga 1,184,336 427,899 Skim Perbankan Islam - Al-Mudharabah - deposit tetap 958,258 153,341 - Al-Mudharabah - deposit simpanan 277,685 37

20,017,966 15,904,826

Struktur kematangan deposit tetap dan sijil deposit bolehniaga adalah seperti berikut:

Matang dalam tempoh enam bulan 10,828,414 11,526,745 Enam bulan hingga satu tahun 3,635,870 409,799 Satu hingga tiga tahun 1,298,321 601,098 Tiga hingga lima tahun 8,387 3,820

15,770,992 12,541,462

Deposit diperoleh daripada pelanggan-pelanggan berikut:

Perusahaan perniagaan 5,896,604 5,757,525 Individu 5,031,553 6,241,175 Lain-lain 9,089,809 3,906,126

20,017,966 15,904,826

15 DEPOSIT DAN PENEMPATAN DARIPADA BANK-BANK DAN INSTITUSI-INSTITUSI KEWANGAN LAIN

Kumpulan 2001 2000 RM’000 RM’000

Bank berlesen 1,511,763 1,167,783 Syarikat kewangan berlesen 520,405 158,986 Institusi-institusi kewangan lain 1,375,705 2,331,734

3,407,873 3,658,503

92 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

16 PEMIUTANG DAGANGAN

Sejumlah besar pemiutang dagangan berpunca daripada subsidiari pembrokeran saham dan terdiri daripada jumlah yang perlu dibayar untuk kontrak penjualan.

17 HUTANG TERHADAP CAGAMAS

Dalam operasi perbankan biasa, subsidiari-subsidiari perbankan menjual pinjaman kepada Cagamas Berhad dengan ‘kemudahan jual-balik’ terhadap subsidiari-subsidiari perbankan pada nilai bersamaan dengan baki prinsipal pinjaman belum bayar terhutang daripada pencagar.

Subsidiari-subsidiari perbankan adalah bertanggungjawab terhadap pinjaman perumahan dan sewa-beli yang dijual secara langung dan tidak langsung kepada Cagamas Berhad dengan syarat subsidiari perbankan berjanji untuk mentadbir pinjaman-pinjaman tersebut bagi pihak Cagamas Berhad dan akan membeli balik sebarang pinjaman yang dianggap defektif berdasarkan kriteria konservatif yang dipersetujui. Transaksi pembiayaan ini dan obligasi untuk membeli balik pinjaman dinyatakan sebagai liabiliti di dalam lembaran imbangan.

18 LIABILITI-LIABILITI LAIN

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Dividen dicadang 6,643 6,643 6,643 6,643 Zakat 387 636 – – Faedah perlu dibayar 178,987 143,383 4,980 2,808 Program pembiayaan daripada Bank Negara Malaysia dan Credit Guarantee Corporation 175,141 157,615 – – Deposit margin dan cagaran 23,450 10,845 – – Perkara-perkara dalam transit antara cawangan 25,674 21,353 – – Amaun terhutang kepada penaja jamin insuran 24,721 18,226 – – Akaun amanah untuk pelanggan dan remisier 12,750 10,703 – – Jumlah terhutang dalam pemerolehan subsidiari dan aset-aset dan liabiliti-liabiliti 90,071 – 90,071 – Pemiutang-pemiutang lain dan akruan 430,207 198,717 1,796 1,784

968,031 568,121 103,490 11,235

Jumlah terhutang dalam pemerolehan subsidiari-subsidiari dan aset-aset dan liabiliti-liabiliti mewakili pertimbangan belian aset dan liabiliti tertentu BSN Commercial Bank (M) Berhad dan keseluruhan pegangan ekuiti BSN Merchant Bank Berhad yang masih terhutang kepada vendor pada 31 Disember 2001.

93 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

19 CUKAI TERTUNDA

Kumpulan 2001 2000 RM’000 RM’000

Baki pada 1 Januari 12,421 12,421 Dicaj ke penyata pendapatan (Nota 32) 1,200 –

Baki pada 31 Disember 13,621 12,421

Tiada perbezaan masa yang ketara, yang mana cukai tertunda belum diperuntukkan dalam penyata kewangan.

20 BON BOLEH TEBUS

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

2% bon pinjaman dijamin oleh bank dan boleh ditebus 240,000 240,000 240,000 240,000 Bon-bon subordinat 600,000 – – –

840,000 240,000 240,000 240,000

2% bon boleh ditebus dan pinjaman dijamin oleh bank

Pada tahun kewangan berakhir 31 Disember 1997, Syarikat telah menerbitkan RM240,000,000 jumlah nominal 2% 5-tahun bon pinjaman terjamin oleh bank yang boleh ditebus berserta 54,403,401 unit waran boleh cerai kepada pemegang utama berasaskan urusan belian.

Bon 2% 5-tahun tersebut ditadbirkan melalui Surat Ikatan Amanah bertarikh 17 Oktober 1997 dan akan ditebus sepenuhnya oleh Syarikat pada nilai nominal pada 19 September 2002. Kadar faedah Bon sebanyak 2% setahun akan dibayar secara tertunggak setiap tahun.

Pelanggan utama telah menawar untuk menjual hak pengagihan ke atas 54,403,401 waran pada harga tawaran RM1.13 setiap waran berasaskan satu waran bagi setiap sepuluh saham biasa yang dipegang. Setiap waran boleh ditukar kepada saham biasa Syarikat pada harga RM4.15 sesaham biasa masing-masing. Langganan boleh dibuat sepanjang tempoh perlaksanaan iaitu lima tahun bermula dari tarikh waran diterbitkan, bergantung kepada perubahan seperti yang diperuntukkan dalam Surat Ikatan.

Tempoh langganan waran 1997/2002 telah dilanjutkan ke tarikh 18 September 2007 dan tempoh perlaksanaan waran ini telah diluluskan oleh pihak-pihak berkuasa yang berkenaan dan para pemegang saham Syarikat.

Syarikat telah membuat terbitan saham biasa baru dalam tahun kewangan ini dengan perlaksanaan terbitan hak. Dengan itu, harga langganan dan bilangan waran 1997/2007 telah diubah kepada RM3.74 dan 61,252,285 seperti yang dituntut oleh Surat Ikatan waran.

94 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

20 BON BOLEH TEBUS (Sambungan)

Bon-bon subordinat

Bon-bon subordinat 2001/2006 diterbitkan oleh Affin Bank Berhad pada nilai nominal RM600 juta dalam gandaan RM1,000,000 yang disubordinatkan kepada liabiliti-liabiliti yang lain. Bon-bon tersebut ditadbirkan melalui surat ikatan bertarikh 28 Disember 2001 dan diterbitkan pada 31 Disember 2001. Bon-bon tersebut adalah tidak bercagar dan boleh ditebus semula selepas lima (5) tahun selepas tarikh terbitan. Nilai nominal dan kadar kupon bon-bon tersebut, yang perlu dibayar 2 kali setahun, adalah seperti berikut:

Bon Kelas A Bon Kelas B

Nilai : RM500 juta Nilai : RM100 juta Kadar kupon : 8% setahun untuk tempoh Kadar kupon : 8.5% setahun lapan belas bulan dari tarikh terbitan dan 7.3% setahun untuk tempoh selanjutnya sehingga matang.

Berkenaan bon Kelas A, Affin Bank Berhad telah berjanji untuk mengkreditkan RM10,000,000 setiap bulan bermula sebulan dari tarikh terbitan sehingga tarikh matang ke dalam satu akaun ‘Sinking Fund’. Simpanan di dalam akaun ‘Sinking Fund’ hanya boleh digunakan untuk membiayai sebarang pembayaran yang terkandung di dalam Perjanjian Amanah dan/atau bon Kelas A yang perlu dibayar dan tertunggak.

21 PINJAMAN

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Pinjaman jangka pendek tanpa cagaran: Kredit pusingan 240,000 50,000 200,000 – Overdraf bank – 651 – –

240,000 50,651 200,000 –

Pinjaman jangka panjang tanpa cagaran: Pinjaman bertempoh 430,000 430,000 430,000 430,000 Pendahuluan daripada pemegang saham suatu subsidiari 2,250 15,075 – –

432,250 445,075 430,000 430,000

672,250 495,726 630,000 430,000

Pinjaman jangka pendek tanpa cagaran oleh Kumpulan dan Syarikat menanggung kadar faedah antara 4.4% hingga 4.9% (2000: 7.1% hingga 7.7%) setahun.

Pendahuluan daripada pemegang saham suatu subsidiari

Pendahuluan daripada pemegang saham subsidiari adalah tanpa cagaran, tanpa faedah dan tidak mempunyai tempoh pembayaran balik yang tetap.

95 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

21 PINJAMAN (Sambungan)

Pinjaman bertempoh

Pinjaman bertempoh tanpa cagaran Kumpulan dan Syarikat menanggung kadar faedah antara 7.6% hingga 7.9% (2000: 7.5% hingga 8.0%) setahun dan perlu dibayar seperti berikut dari penghujung tahun kewangan berakhir 31 Disember 2001:

Kumpulan dan Syarikat 2001 2000 RM’000 RM’000

Tidak melebihi dua tahun 30,000 – Dua hingga lima tahun 200,000 230,000 Melebihi lima tahun 200,000 200,000

430,000 430,000

22 MODAL SAHAM

Dibenarkan: Saham biasa RM1 sesaham 5,000,000 5,000,000

Diterbitkan dan dibayar sepenuhnya: Saham biasa RM1 sesaham 922,656 922,656

23 RIZAB

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Rizab boleh diagihkan: Keuntungan terkumpul 11,632 372,584 34,899 27,536

Rizab tidak boleh diagihkan: Rizab berkanun 88,513 397,518 – – Rizab pertukaran matawang 2,688 2,707 – –

102,833 772,809 34,899 27,536

(a) Rizab berkanun Kumpulan dikekalkan mengikut peruntukan Akta Bank dan Institusi Kewangan, 1989 dan ia tidak boleh diagihkan sebagai dividen tunai.

(b) Pada 31 Disember 2001, Syarikat mempunyai kredit cukai yang mencukupi di bawah Seksyen 108 Akta Cukai Pendapatan, 1967 dan pendapatan terkecuali cukai di bawah Seksyen 12 Akta Cukai Pendapatan (Dipinda), 2000 (tertakluk kepada persetujuan pihak berkuasa cukai) untuk membiayai sepenuhnya pembayaran dividen daripada keuntungan terkumpul tanpa tambahan pembayaran cukai.

96 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

24 PENDAPATAN FAEDAH

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Pinjaman, pendahuluan dan pembiayaan 1,755,701 1,286,624 – – Wang panggilan, deposit dan penempatan dengan institusi–institusi kewangan 92,014 69,301 8,675 8,007 Sekuriti dagangan 3,224 3,222 – – Sekuriti pelaburan 130,153 157,658 14,000 14,000

1,981,092 1,516,805 22,675 22,007 Pertambahan nilai diskaun ditolak pelunasan premium 58,279 61,494 – – Faedah tergantung bersih (402,509) (191,839) – –

1,636,862 1,386,460 22,675 22,007

25 PERBELANJAAN FAEDAH

Kumpulan 2001 2000 RM’000 RM’000

Deposit dan penempatan daripada bank-bank dan institusi-institusi kewangan lain 72,110 56,364 Deposit daripada pelanggan-pelanggan lain 659,871 497,603 Lain-lain 79,539 70,666

811,520 624,633

26 PENDAPATAN SKIM PERBANKAN ISLAM

Kumpulan 2001 2000 RM’000 RM’000

Pendapatan pembiayaan dari Skim Perbankan Islam 170,751 89,792 Yuran dan pendapatan 9,721 7,112 Perbelanjaan pembiayaan (93,210) (59,705)

87,262 37,199 Tolak: Keuntungan tergantung (1,624) (5,056)

85,638 32,143

97 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

27 PENDAPATAN BUKAN FAEDAH

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Pendapatan yuran:

- yuran untuk pinjaman, pendahuluan dan pembiayaan 2,052 4,445 – – - yuran untuk pengurusan portfolio 1,630 – – – - yuran untuk nasihat korporat 3,307 6,816 – – - komisyen 51,216 89,672 – – - yuran perkhidmatan 29,858 23,533 – – - yuran untuk jaminan 23,923 21,045 – – - yuran lain 16,067 2,046 – –

128,053 147,557 – –

Pendapatan daripada pelaburan:

- keuntungan daripada jualan sekuriti pelaburan 40,513 11,769 – – - pendapatan bersih daripada perniagaan instrumen kewangan pasaran 32,184 18,299 – – - keuntungan daripada jualan sekuriti dagangan 4,705 11,019 – –

Pendapatan dividen kasar:

- Sekuriti dagangan 22 123 – – - Sekuriti pelaburan 1,827 551 – – - Subsidiari-subsidiari – – 51,333 28,600

79,251 41,761 51,333 28,600

Pendapatan lain:

- keuntungan/(kerugian) daripada urusan pertukaran mata wang asing - direalisasi 8,258 21,111 – – - belum direalisasi 14,767 (5,089) – – - pendapatan sewa 5,665 7,587 – – - keuntungan daripada jualan aset tetap 908 337 – – - lebihan dari realisasi aset oleh subsidiari 313 – – – - pendapatan bukan operasi lain 11,298 5,177 – 26

41,209 29,123 – 26

248,513 218,441 51,333 28,626

98 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

28 PERBELANJAAN OVERHED

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Kos personel 269,798 200,823 394 306 Kos penubuhan 188,011 125,924 149 115 Perbelanjaan pemasaran 38,608 37,361 – – Perbelanjaan pentadbiran dan am 115,360 85,801 4,711 5,411

611,777 449,909 5,254 5,832

Perbelanjaan diatas merangkumi pendedahan berkanun seperti berikut:

Ganjaran pengarah (Nota 29) 945 908 95 80 Sewa bangunan 39,524 29,300 – – Sewa peralatan 3,372 1,674 – – Caj faedah persaraan kakitangan 2,080 3,756 – – Imbuhan juruaudit - audit berkanun 804 608 40 40 - lain-lain 238 7 – – Susutnilai aset tetap 77,489 56,967 1 2 Komisyen wakil penjual 17,738 14,092 – – Aset tetap dihapuskira 6,156 77 – – Kerugian daripada pengurangan pemilikan dalam subsidiari 4,114 – – – Pelunasan perbelanjaan tertunggak 221 261 221 261 Perbelanjaan tertunggak dihapuskira – 8,421 – –

29 GANJARAN PENGARAH

Agregat amaun emolumen yang boleh diterima oleh pengarah Syarikat untuk tahun kewangan semasa adalah seperti berikut:

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Pengarah bukan eksekutif - yuran 90 75 80 65 - elaun lain 86 86 – –

Pengarah eksekutif - yuran 119 110 15 15 - gaji dasar dan bonus 520 524 – – - gratuiti persaraan 66 66 – – - elaun lain 64 47 – – - anggaran nilai wang bagi manfaat bukan tunai 17 28 – –

962 936 95 80

99 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

30 KERUGIAN PINJAMAN DAN PEMBIAYAAN DAN PERUNTUKAN

Kumpulan 2001 2000 RM’000 RM’000

(Diperolehi semula)/peruntukan bagi hutang lapuk dan hutang ragu dan pembiayaan - peruntukan khas (bersih) 1,037,383 426,884 - peruntukan am (76,057) 66,225

Hutang lapuk - dihapuskira 21,861 24,560 - diperolehi semula (71,989) (19,528)

Peruntukan untuk amaun terhutang daripada Danaharta 50,862 31,196

Peruntukan bagi rosotnilai sekuriti pelaburan 48,339 62,820 (Diperolehi semula)/peruntukan bagi hutang ragu - penghutang-penghutang lain (2,130) 12,639

1,008,269 604,796

31 KOS KEWANGAN

Kos kewangan terdiri daripada perbelanjaan faedah ke atas bon-bon, pinjaman jangka pendek dan pinjaman jangka panjang Kumpulan dan Syarikat.

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Bon-bon 4,800 4,800 4,800 4,800 Pinjaman bertempoh 33,894 28,767 33,894 28,767 Kredit pusingan 8,390 19,861 5,048 15,345 Overdraf bank 66 179 – –

47,150 53,607 43,742 48,912

32 CUKAI

Cukai pendapatan di Malaysia bagi tahun kewangan terdiri daripada: Cukai semasa 56,782 36,458 11,006 3,215 Cukai tertunda (Nota 19) 1,200 – – – Faedah cukai tertunda yang dihapuskira – 1,460 – –

57,982 37,918 11,006 3,215 Lebihan peruntukan di tahun-tahun lepas (31) (13,856) – (12,589)

57,951 24,062 11,006 (9,374)

100 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

32 CUKAI (Sambungan)

Kadar cukai efektif bagi Syarikat dan subsidiari-subsidiari tertentu Kumpulan yang mempunyai cukai pendapatan pada tahun kewangan ini melebihi kadar berkanun kerana sesetengah perbelanjaan yang tidak dibenarkan untuk tujuan cukai.

Pada 31 Disember 2001, Kumpulan mempunyai kerugian yang belum terserap berjumlah RM893,195,000 (2000: RM294,349,000) dan elaun modal yang belum digunakan berjumlah kira-kira RM82,744,000 (2000: RM50,368,000) yang boleh digunakan untuk mengurangkan pembayaran cukai atas keuntungan yang boleh dikenakan cukai pada masa hadapan tertakluk kepada persetujuan pihak berkuasa cukai. Walaubagaimanapun, berkenaan dengan penggabungan perniagaan Affin Finance Berhad (‘AFB’) dengan Affin-ACF Finance Berhad (‘AACF’) berkuatkuasa pada 3 Januari 2000, 50% daripada kerugian yang belum terserap AFB berjumlah kira- kira RM14,949,000 boleh dibawa ke hadapan ke dalam entiti tergabung, AACF dan boleh digunakan untuk mengurangkan pembayaran cukai AACF pada masa hadapan berjumlah kira-kira RM4,186,000, tertakluk kepada persetujuan pihak berkuasa cukai.

33 DIVIDEN

Kumpulan dan Syarikat 2001 2000 RM’000 RM’000

Dividen akhir yang dicadangkan:

1 sen (2000: 1 sen) kasar sesaham, ditolak cukai pendapatan pada 28% (2000: 28%) 6,643 6,643

34 KERUGIAN SESAHAM

Kerugian asas bersih sesaham biasa dikira berdasarkan kerugian sebanyak RM663,314,000 (2000: RM100,808,000) dan bilangan saham sebanyak 922,656,000 (2000: bilangan purata wajaran sebanyak 709,021,869) saham biasa dalam terbitan sepanjang tahun kewangan semasa.

Syarikat mempunyai waran yang boleh ditukar ke saham biasa yang mempunyai potensi pencairan. Berdasarkan peruntukan Lembaga Piawaian Perakaunan Malaysia 13 (‘MASB 13’), penukaran waran hanya dianggap memberi kesan pencairan apabila saham biasa baru diterbitkan pada nilai yang lebih rendah dari nilai pasaran. Tiada kesan pencairan terhadap pendapatan sesaham, memandangkan harga semasa langganan waran melebihi nilai pasaran semasa.

35 PENGAMBILALIHAN PENTING DALAM TAHUN KEWANGAN SEMASA

Dalam tahun kewangan berakhir 31 Disember 2001, Syarikat dan Affin Bank Berhad (‘ABB’), sebuah subsidiari yang dimiliki sepenuhnya oleh Syarikat, telah berjaya mengambilalih aset dan liabiliti tertentu BSNC dan keseluruhan pegangan ekuiti BSNMB.

Pengambilalihan aset dan liabiliti tertentu BSNC untuk harga belian sebanyak RM339.0 juta telah disempurnakan melalui pembayaran tunai berjumlah RM67.8 juta dan bakinya akan disempurnakan melalui terbitan 96.9 juta saham biasa baru Syarikat pada harga terbitan RM2.80 sesaham. Pengambilalihan keseluruhan pegangan ekuiti BSNMB pada harga belian RM32.9 juta akan disempurnakan melalui terbitan 11.8 juta saham biasa baru Syarikat pada harga RM2.80 sesaham.

Aset-aset dan liabiliti-liabiliti yang diperolehi dari BSNC dan kesemua aset-aset dan liabiliti-liabiliti BSNM telah diletak hak dengan ABB masing-masing pada 1 Januari 2001 dan 8 Januari 2001. Selepas perletakkan hak, BSNMB telah menyerahkan lesen perbankannya dan memindahkan aset-aset dan liabiliti-liabiliti kecuali pinjaman tidak berbayar kepada ABB. 101 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

35 PENGAMBILALIHAN PENTING DALAM TAHUN KEWANGAN SEMASA (Sambungan)

Pada 14 Mac 2002, Syarikat telah mengisytiharkan bahawa Syarikat dan vendor telah bersetuju mengurangkan harga belian aset dan liabiliti tertentu BSNC kepada RM148.3 juta selepas perlaksanaan peruntukan waranti. Disebabkan perlaksanaan peruntukan waranti, ABB dikehendaki menyerahkan semula hutang-hutang lapuk dan ragu berjumlah RM101.7 juta kepada BSNC atau kepada nominee seperti yang dinyatakan dalam Nota 37 (c)(ii) kepada penyata-penyata kewangan. Harga belian untuk BSNC yang disemak semula berjumlah RM148.3 juta telah disempurnakan melalui pembayaran tunai berjumlah RM67.8 juta dan bakinya akan dipenuhi melalui terbitan 60.5 juta saham biasa baru Syarikat pada harga terbitan RM1.33 sesaham.

Pada 3 Januari 2002, Syarikat dan vendor telah memeterai ‘Perjanjian Tambahan dan Pemindahan Perniagaan’ di mana harga belian untuk keseluruhan pegangan ekuiti dalam BSNMB telah dikurangkan kepada RM20.1 juta dan akan disempurnakan melalui terbitan 7.2 juta saham biasa baru Syarikat pada harga RM2.80 sesaham. Harga belian untuk BSNMB yang berjumlah 7.2 juta saham biasa baru Syarikat telah direkodkan pada buku Syarikat pada harga terbitan RM1.33 sesaham. Harga terbitan ini merupakan nilai saksama saham Syarikat pada tarikh penyelesaian pengambilalihan BSNMB.

Sehingga saat ini, saham-saham Syarikat masih belum diterbitkan kepada vendor BSNC dan BSNMB dan dinyatakan sebagai ‘Nilai terhutang daripada pengambilalihan subsidiari dan aset dan liabiliti’ di bawah ‘liabiliti- liabiliti lain’ dalam Nota 18 kepada penyata-penyata kewangan.

Pengambilalihan BSN Finance Berhad (‘BSNF’)

Dalam tahun kewangan berakhir 31 Disember 2000, ACF Holdings Berhad (‘ACFHB’) dan Affin-ACF Finance Berhad (‘AACF’) telah menyempurnakan pengambilalihan keseluruhan kepentingan ekuiti BSNF.

Pengambilalihan keseluruhan kepentingan ekuiti di dalam BSNF untuk harga belian berjumlah RM85.7 juta telah disempurnakan melalui terbitan 69.1 juta saham biasa baru ACFHB pada harga terbitan RM1.24 sesaham.

Perniagaan syarikat kewangan tersebut, aset dan liabiliti BSNF telah diletak hak dengan AACF pada 4 Januari 2001.

Kesan daripada pengambilalihan subsidiari-subsidiari terhadap keputusan kewangan Kumpulan untuk tahun kewangan semasa adalah seperti berikut:

Tahun kewangan berakhir 31.12.2001 RM’000

Pendapatan faedah 3,665 Perbelanjaan faedah (81)

Pendapatan faedah bersih 3,584 Pendapatan bukan faedah 1,214

Pendapatan bersih 4,798 Perbelanjaan overhed (6,769)

Kerugian operasi sebelum kerugian pinjaman dan peruntukan (1,971) Kerugian pinjaman dan peruntukan (1,167)

Keuntungan sebelum cukai dan zakat (3,138) Cukai 508

Penambahan kerugian bersih Kumpulan (2,630)

102 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

35 PENGAMBILALIHAN PENTING DALAM TAHUN KEWANGAN SEMASA (Sambungan)

Kesan pengambilalihan subsidiari-subsidiari terhadap kedudukan kewangan untuk tahun kewangan semasa adalah seperti berikut:

31.12.2001 RM’000

ASET-ASET

Tunai dan dana jangka pendek 104 Deposit dan penempatan dengan institusi-institusi kewangan 1,500 Sekuriti pelaburan 227 Pinjaman dan pendahuluan 72,295 Aset-aset lain 10,474 Aset tetap 77

Jumlah aset 84,677

LIABILITI- LIABILITI

Liabiliti-liabiliti lain 32,920

Jumlah liabiliti 32,920

Pertambahan nilai aset bersih Kumpulan 51,757

Butir-butir terperinci aset bersih diambilalih, muhibbah dan aliran tunai daripada pengambilalihan subsidiari- subsidiari dan aset dan liabiliti BSNC yang tertentu, adalah seperti berikut:

Pada tarikh pengambilalihan RM’000

Tunai dan jana jangka pendek 742,960 Deposit dan penempatan dengan institusi-institusi kewangan 228,220 Sekuriti dagangan 15,428 Sekuriti pelaburan 1,012,590 Pinjaman dan pendahuluan 5,362,367 Deposit berkanun dengan Bank Negara Malaysia 268,375 Pelaburan di dalam syarikat bersekutu 30 Aset-aset tetap 64,684 Aset-aset lain 121,100 Deposit daripada pelanggan (5,740,392) Deposit bank-bank dan institusi-institusi kewangan (1,533,196)

103 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

35 PENGAMBILALIHAN PENTING DALAM TAHUN KEWANGAN SEMASA (Sambungan)

Pada tarikh pengambilalihan RM’000

Bil-bil dan penerimaan tertunggak (349,598) Liabiliti-liabiliti lain (223,496)

Pemerolehan liabiliti bersih (30,928) Muhibbah atas pemerolehan 275,825

Jumlah harga pembelian 244,897 Tolak: Pertimbangan diselesaikan/akan diselesaikan melalui terbitan saham (85,957)

Pertimbangan yang diselesaikan melalui bayaran tunai dan pencairan kepentingan Kumpulan di dalam subsidiari 158,940 Tolak: Tunai, dana jangka-pendek dan pemerolehan deposit (742,960)

Aliran tunai bersih daripada pemerolehan subsidiari-subsidiari dan aset dan liabiliti BSNC yang tertentu (584,020)

36 TUNAI DAN SETARAAN TUNAI PADA AKHIR TAHUN KEWANGAN

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Tunai dan dana jangka pendek 2,323,441 2,091,160 208,325 330,499 Pelarasan untuk wang dipegang atas amanah untuk pelanggan dan remiser (6,969) (988) – –

2,316,472 2,090,172 208,325 330,499

37 ILTIZAM DAN LUARJANGKAAN

Kumpulan 2001 2000 RM’000 RM’000

(a) Iltizam Modal:

Perbelanjaan modal dibenarkan dikontrak tetapi tidak diperuntukkan 62,622 58,768 Perbelanjaan modal diluluskan tetapi tidak dikontrakkan 31,612 8,398

94,234 67,166

Dianalisa seperti berikut:

Aset-aset tetap 94,234 67,166

104 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

37 ILTIZAM DAN LUARJANGKAAN (Sambungan)

(b) Iltizam pajakan:

Kumpulan bank komersil dan kumpulan syarikat kewangan mempunyai iltizam pajakan berkaitan dengan sewa bangunan dan peralatan, kesemuanya boleh dikelaskan sebagai pajak kendalian. Ringkasan iltizam jangka panjang yang tidak boleh dibatalkan, baki selepas ditolak sewa luaran adalah seperti berikut:

Tahun RM’000

2002 79,792 2003 57,327 2004 35,537 2005 17,403

Angka-angka pajakan tersebut merupakan sewa minimum yang belum diselaraskan dengan perbelanjaan kendalian yang wajib dibayar. Jumlah ini adalah tidak ketara berhubung dengan sewa minimum yang wajib. Dalam urusan perniagaan biasa, pajakan yang matang akan diperbaharui atau digantikan dengan pajakan atas harta-harta lain. Oleh itu, adalah dijangkakan bahawa iltizam pajakan minimum pada masa hadapan tidak akan kurang daripada perbelanjaan sewa bagi 2001.

(i) Dalam urusan perniagaan biasa perbankan dan kewangan, syarikat-syarikat subsidiari tersebut membuat beberapa iltizam dan tanggungan luarjangka tertentu dengan hak tuntutan di bawah undang-undang ke atas pelanggan mereka. Tiada kerugian besar dijangka akan timbul dari urusniaga tersebut.

Kumpulan 2001 2001 2000 2000 Jumlah Jumlah Jumlah setara Jumlah setara prinsipal kredit* prinsipal kredit* RM’000 RM’000 RM’000 RM’000

Kontrak berkaitan dengan kadar faedah - kurang dari satu tahun 1,409,600 651 139,000 7,133 - satu hingga lima tahun 2,819,950 63,281 621,400 10,694 - melebihi lima tahun 11,400 570 36,400 684 Kontrak pertukaran mata wang asing - kurang dari satu tahun 1,005,376 11,429 3,833,516 65,287 Komitmen penanggungan 525,185 262,593 1,508,500 754,250 Gantian kredit terus 807,906 807,906 1,070,536 1,070,536 Tanggungan luarjangkaan urusniaga tertentu 1,546,829 773,415 1,594,143 797,072 Tanggungan luarjangkaan jangka pendek yang cair sendiri 3,330,700 666,140 2,012,718 402,504

105 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

37 ILTIZAM DAN LUARJANGKAAN (Sambungan)

Kumpulan 2001 2001 2000 2000 Jumlah Jumlah Jumlah setara Jumlah setara prinsipal kredit* prinsipal kredit* RM’000 RM’000 RM’000 RM’000

Komitmen kredit yang tidak boleh dibatalkan - matang selepas satu tahun 2,058,104 1,029,052 1,416,531 708,266 - matang sebelum satu tahun 6,463,344 – 3,079,870 – Jaminan 199,608 199,608 374,650 374,650 Al-Kafalah 16,768 16,768 16,898 16,898 Pengesahan penerimaan jurubank 15,013 7,507 – –

20,209,783 3,838,920 15,704,162 4,207,974

* Amaun setara kredit dicapai dengan menggunakan faktor setara kredit yang terdapat dalam Garis Panduan Bank Negara Malaysia.

Iltizam dan luarjangkaan lain berpunca daripada perniagaan biasa subsidiari-subsidiari perbankan. Justeru itu, tanggungan luarjangka Kumpulan adalah tanpa cagaran.

Kontrak pertukaran matawang asing dan kontrak berkaitan dengan kadar faedah adalah seperti berikut:

Kumpulan 2001 2001 2000 2000 Jumlah Jumlah Jumlah setara Jumlah setara prinsipal kredit* prinsipal kredit* RM’000 RM’000 RM’000 RM’000

Kontrak pertukaran matawang asing - kontrak hadapan dan kontrak niagaan hadapan 1,005,376 11,429 3,833,516 65,287

Kontrak kadar faedah - kontrak hadapan dan kontrak niagaan hadapan 1,856,000 – 445,000 – - pertukaran 2,384,950 64,502 351,800 18,511

Kontrak pertukaran matawang asing dan kontrak berkaitan dengan kadar faedah adalah tertakluk kepada risiko pasaran dan risiko kredit.

106 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

37 ILTIZAM DAN LUARJANGKAAN (Sambungan)

Risiko pasaran

Risiko pasaran adalah kemungkinan perubahan nilai disebabkan oleh pergerakan kadar pasaran atau harga. Jumlah kontrak yang dinyatakan di atas memberi ukuran penglibatan terhadap urusniaga-urusniaga ini dan tidak menunjukkan jumlah yang tertakluk kepada risiko pasaran. Pendedahan kepada risiko pasaran boleh dikurangkan melalui penolakan dalam dan luar kedudukan lembaran imbangan. Pada 31 Disember 2001 jumlah bayangan kontrak yang tidak terlindung nilai dan dengan itu terdedah kepada risiko pasaran adalah sebanyak RM3.9 juta (2000: RM5.0 juta), manakala jumlah bayangan kadar faedah yang tidak terlindung nilai di Klibor hadapan dalam asas persamaan adalah RM208.4 juta (2000: RM11.0 juta).

Risiko kredit

Risiko kredit berpunca dari kemungkinan pihak berkaitan tidak memenuhi syarat-syarat kontrak di mana subsidiari berada dalam kedudukan yang menguntungkan. Pada 31 Disember 2001, jumlah risiko kredit dari pertukaran matawang asing dan kadar faedah, diambil kira secara kos untuk menggantikan kontrak yang mengguntungkan adalah sebanyak RM11.4 juta (2000: RM60.0 juta) dan RM64.5 juta (2000: RM17.8 juta) masing-masing. Jumlah ini mungkin naik ataupun turun sepanjang umur kontrak, terutama sebagai fungsi tempoh kematangan dan kadar pasaran ataupun harga.

(ii) Menurut perenggan 2.1.5 Perjanjian Pembelian Perniagaan di antara Syarikat, ABB dan vendor BSNC dan BSNMB, BSNC dan vendor berjanji kepada ABB bahawa hutang-hutang pinjaman selain daripada yang sudah diklasifkasikan sebagai hutang lapuk dan ragu di dalam penyata-penyata kewangan BSNC yang diaudit, akan diterima balik di dalam urusan biasa perniagaan. Untuk hutang-hutang pinjaman yang tidak diterima-balik, BSNC berjanji akan membayar ABB dalam masa 30 hari dari tarikh penerimaan surat tuntutan Bank, amaun yang dituntut tetapi terhad kepada 30% daripada harga belian.

Pada 6 April 2001, ABB telah melaksanakan peruntukan waranti tersebut dan menghantar surat tuntutan untuk RM101.6 juta, bersamaan 30% daripada harga beli asal berjumlah RM338.9 juta akibat daripada timbulnya pinjaman-pinjaman tidak berbayar dalam tahun semasa. Dengan ini, ABB perlu menyerah kembali ke semua hak dan manfaat hutang lapuk dan ragu tersebut kepada BSNC atau nomineenya.

Pada tarikh penyata-penyata kewangan, ABB masih belum memenuhi peruntukan tersebut. Walaubagaimanapun, para Pengarah berpendapat bahawa tiada kesan kewangan ketara terhadap ABB atau Syarikat kerana hutang lapuk dan ragu ini telah diperuntukkan sepenuhnya atau dihapuskira.

38 LITIGASI TERHADAP KUMPULAN

Terdapat kes-kes dakwaan terhadap syarikat subsidiari bank komersial berjumlah kira-kira RM32.6 juta (2000: RM22.1 juta). Berdasarkan nasihat perundangan, para pengarah bank tersebut berpendapat bahawa peruntukan tidak perlu dibuat kerana kemungkinan keputusan mahkamah yang akan merugikan subsidiari bank komersil tersebut adalah tipis.

107 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

39 BAKI DAN URUSNIAGA PENTING ANTARA PIHAK BERKAITAN

Pihak-pihak berkaitan dan hubungan mereka dengan Kumpulan dan Syarikat adalah seperti berikut:

Pihak berkaitan Hubungan

Lembaga Tabung Angkatan Tentera Badan pemegangan korporat utama dan badan korporat pemegang muktamad

Subsidiari-subsidiari adalah seperti Subsidiari-subsidiari dinyatakan dalam Nota 8

Boustead Holdings Berhad Syarikat subsidiari kepada badan korporat pemegang muktamad

Syarikat bersekutu seperti yang Syarikat bersekutu dinyatakan dalam Nota 9

Dalam urusan biasa perniagaan, Kumpulan dan Syarikat menjalankan pelbagai urusan perniagaan dengan badan korporat pemegang muktamad dan pihak-pihak berkaitan, iaitu subsidiari-subsidiari Lembaga Tabung Angkatan Tentera (kumpulan ‘LTAT’).

Selain daripada penyataan pihak berkaitan yang telah dinyatakan di penyata kewangan ini, baki dan urusniaga penting yang lain antara pihak berkaitan adalah seperti berikut. Urusniaga penting antara pihak berkaitan yang penting yang dinyatakan seperti berikut diuruskan mengikut terma-terma dan syarat-syarat yang terdapat pada urusniaga dengan pihak yang tidak berkaitan kecuali dinyatakan sebaliknya. Kadar faedah ke atas simpanan tetap dan jangka pendek adalah pada kadar komersial biasa.

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

PENDAPATAN

Pendapatan yuran broker daripada kumpulan LTAT 1,253 4,638 – – Pendapatan yuran-yuran lain daripada kumpulan LTAT – 40 – – Pendapatan komisen daripada syarikat bersekutu 779 226 – –

PERBELANJAAN

Perbelanjaan faedah dibayar kepada badan korporat pemegang muktamad 6,113 13,164 – – Sewaan bangunan dibayar kepada badan korporat pemegang muktamad 1,438 1,448 – – Bayaran sewa bangunan kepada Boustead Holdings Berhad 9,636 9,636 – – Pendapatan Skim Perbankan Islam dibayar kepada badan korporat pemegang muktamad 854 3,158 – – Pentadbiran dan belanja am yang dibayar kepada kumpulan LTAT 39 – – –

108 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

39 BAKI DAN URUSNIAGA PENTING ANTARA PIHAK BERKAITAN (Sambungan)

Kumpulan Syarikat 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Perbelanjaan faedah dibayar kepada syarikat bersekutu 1,000 718 – – Premium insuran dibayar kepada syarikat bersekutu 8,807 4,844 – –

JUMLAH TERHUTANG DARIPADA

Deposit sewaan dengan badan korporat pemegang muktamad 360 350 – – Deposit sewaan dengan Boustead Holdings Berhad 2,409 2,409 – –

JUMLAH TERHUTANG KEPADA

Jangka pendek:

Kumpulan LTAT

- Simpanan jangka pendek 133,000 257,300 – – - Akaun semasa 49,444 6,317 – – - Faedah akan diterima 4 1,025 – – - Simpanan tetap 22,000 11,500 – – - Jumlah terhutang yang lain 5,137 – 13 –

Syarikat bersekutu

- Baki bank 4,708 3,029 – – - Simpanan tetap 41,400 27,700 – – - Faedah perlu dibayar 189 35 – – - Premium perlu dibayar 1,279 842 – –

Jangka panjang:

Kumpulan LTAT

- Deposit tetap 1,630 1,330 – –

Syarikat bersekutu

- Simpanan tetap 10,000 5,000 – –

109 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

40 PERISTIWA-PERISTIWA PENTING SEPANJANG TAHUN KEWANGAN INI

Cadangan Pemerolehan Amsteel Securities (M) Sdn Bhd (‘AmsteelSec’)

Pada 14 Disember 2000, Affin-UOB Holdings Sdn Bhd (‘AUOBH’), iaitu subsidiari yang dimiliki 55% oleh Syarikat, telah menandatangani Perjanjian Penjualan Bersyarat (‘Perjanjian’) dengan pemegang-pemegang saham AmsteelSec untuk cadangan pemerolehan keseluruhan modal saham terbitan dan berbayar AmsteelSec yang terdiri daripada 185 juta saham biasa bernilai RM1.00 sesaham untuk harga belian berjumlah RM285 juta yang akan disempurnakan secara tunai. Dengan perlaksanaan Perjanjian ini, AUOBH dikehendaki meletakkan deposit yang boleh dikembalikan berjumlah RM28.5 juta kepada pemegang amanah harta yang dikenal pasti di dalam perjanjian. Dalam tahun kewangan semasa, Perjanjian tersebut telah ditamatkan berikutan syarat-syarat tertakluk di dalam perjanjian tidak dipenuhi. Deposit berjumlah RM28.5 juta telah dikembalikan kepda AUOBH.

Pada 28 Januari 2002, AUOBH telah memeterai suatu Perjanjian Jual-Beli (‘Perjanjian S&P’) dengan AmsteelSec untuk cadangan pembelian perniagaan stokbroking dan aset-aset tertentu Amsteelsec pada harga belian berjumlah RM42.3 juta yang akan disempurnakan secara tunai. Berikutan Perjanjian S&P tersebut, AUOBH telah membayar deposit berjumlah RM4.3 juta kepada pemegang amanah harta yang telah dikenalpasti di dalam Perjanjian S&P. Harga belian selebihnya berjumlah RM38 juta akan dibayar setelah penyempurnaan Perjanjian S&P tersebut.

Cadangan pemerolehan EON-CMG Life Assurance Berhad (‘EON-CMG’)

Pada 17 Julai 2001, Syarikat telah mengisytiharkan cadangan pembelian keseluruhan kepentingan ekuiti di dalam EON-CMG, bersama AXA Asia Pacific Holdings Limited. Perbincangan untuk cadangan pemerolehan tersebut telah ditamatkan selepas tahun kewangan berakhir pada 31 Disember 2001.

41 ANALISA SEGMEN

Analisa segmen Kumpulan mengikut kegiatan dalam tahun 2001 dan 2000 adalah seperti berikut:

Keuntungan/ Hasil (kerugian) Aset operasi sebelum cukai digunakan 2001 RM’000 RM’000 RM’000

Pemegangan pelaburan 180 (35,879) 684,678 Perbankan komersil 1,128,510 (738,258) 20,070,093 Perbankan saudagar 140,750 27,079 1,897,827 Kewangan, pajakan dan pemfaktoran 550,619 112,558 6,271,297 Rumah diskaun dan broker kewangan 114,736 59,321 2,164,056 Sekuriti dan pengurusan aset 30,182 (7,413) 138,899 Insurans 6,036 3,234 29,724

1,971,013 (579,358) 31,256,574 Syarikat bersekutu – 8,103 48,641

1,971,013 (571,255) 31,305,215

110 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

41 ANALISA SEGMEN (Sambungan)

Analisa segmen Kumpulan mengikut kegiatan dalam tahun 2001 dan 2000 adalah seperti berikut:

Keuntungan/ Hasil (kerugian) Aset operasi sebelum cukai digunakan 2000 RM’000 RM’000 RM’000

Pemegangan pelaburan 683 (48,789) 679,042 Perbankan komersil 903,911 (97,683) 15,809,610 Perbankan saudagar 128,149 (105,306) 2,056,422 Kewangan, pajakan dan pemfaktoran 421,946 75,539 4,791,843 Rumah diskaun dan broker kewangan 120,267 70,803 1,758,176 Sekuriti dan pengurusan aset 57,319 6,860 36,391 Insurans 4,769 2,675 22,514

1,637,044 (95,901) 25,153,998 Syarikat bersekutu – (462) 37,563

1,637,044 (96,363) 25,191,561

Pada asasnya, kegiatan Kumpulan dikendalikan di Malaysia. Oleh itu tiada maklumat mengenai kegiatan Kumpulan mengikut segmen kedudukan geografi dinyatakan.

42 MAKLUMAT KOMPARATIF

Maklumat komparatif telah diklasifikasikan semula atau dilanjutkan untuk memenuhi keperluan pendedahan tambahan berikutan perlaksanaan tiga piawaian baru MASB yang dikeluarkan oleh Lembaga Piawaian-Piawaian Perakaunan di Malaysia dan Garis Panduan Bank Negara Malaysia yang diterima pakai untuk tahun kewangan berakhir pada 31 Disember 2001.

Berdasarkan surat pekeliling BNM bertarikh 31 Julai 2001 berkaitan ‘Accounting Treatment for Loans Sold to Cagamas with Recourse’ pinjaman-pinjaman yang dijual kepada Cagamas Berhad dengan kemudahan jual- balik tidak lagi ditolak daripada pinjaman, pendahuluan dan pembiayaan kasar. Perolehan dari penjualan tersebut telah diklasifikasikan semula ke sebelah liabiliti lembaran imbangan. Dengan ini, amaun yang berikut telah ditambah kepada pinjaman, pendahuluan dan pembiayaan, diklasifikasikan sebagai amaun terhutang kepada Cagamas dan dikeluarkan daripada iltizam dan luar jangkaan:

2000 RM’000

Pinjaman-pinjaman dijual kepada Cagamas 535,196

111 AFFIN HOLDINGS BERHAD Nota-nota Kepada Penyata Kewangan (Sambungan)

42 MAKLUMAT KOMPARATIF (Sambungan)

Pendapatan faedah yang diterima daripada pinjaman-pinjaman dan seterusnya dibayar kepada Cagamas tidak lagi diambilkira berdasarkan nilai bersih sebagai ‘pendapatan bukan faedah’ dan sepatutnya dinyatakan dalam jumlah kasar sebagai ‘pendapatan faedah’ dan ‘perbelanjaan faedah’. Oleh yang demikian, amaun berikutnya telah diklasifikasikan semula dari pendapatan bukan faedah kepada pendapatan faedah dan perbelanjaan faedah.

2000 RM’000

Pendapatan faedah 17,518 Perbelanjaan faedah 9,124

Tiada perubahan dasar-dasar perakaunan yang memberi kesan kepada keuntungan/(kerugian) bersih dalam tahun kewangan berpunca daripada perlaksanaan piawaian-piawaian dan garis panduan di atas terhadap penyata-penyata kewangan tersebut.

112 AFFIN HOLDINGS BERHAD PENYATA Para Pengarah selaras dengan Seksyen 169(15) Akta Syarikat, 1965

Kami, Dato’ Lodin bin Wok Kamaruddin dan Mej. Jen (B) Dato’ Mohamed Isa bin Che Kak, dua daripada pengarah Affin Holdings Berhad, dengan ini menyatakan bahawa pada pendapat para pengarah, penyata-penyata kewangan yang di bentangkan di muka surat 59 hingga 112 telah disediakan supaya memberi gambaran yang benar dan saksama mengenai kedudukan Kumpulan dan Syarikat pada 31 Disember 2001 dan mengenai keputusan kewangan dan aliran tunai Kumpulan dan Syarikat bagi tahun berakhir pada tarikh tersebut mengikut piawaian perakaunan yang diluluskan dan yang berkenaan di Malaysia serta mengikut Garis Panduan Bank Negara Malaysia dan peruntukan Akta Syarikat, 1965.

Berdasarkan resolusi Lembaga Pengarah bertarikh 26 April 2002.

DATO’ LODIN BIN WOK KAMARUDDIN MEJ. JEN. (B) DATO’ MOHAMED ISA BIN CHE KAK Pengarah Pengarah

Kuala Lumpur

PERAKUAN Berkanun selaras dengan Seksyen 169(16) Akta Syarikat, 1965

Saya, Syed Sabeer Ali bin Ahmed Khan, pegawai yang bertanggungjawab ke atas pengurusan kewangan Affin Holdings Berhad, dengan sesungguhnya dan ikhlas berikrar bahawa penyata kewangan yang dibentangkan di muka surat 59 hingga 112 setakat yang saya ketahui dan percaya adalah betul dan saya membuat pengakuan ini dengan sesungguhnya mempercayai bahawa ia adalah benar dan menurut Akta Perisytiharan Berkanun, 1960.

SYED SABEER ALI BIN AHMED KHAN

Ditandatangani dan diakui oleh penama di atas Syed Sabeer Ali bin Ahmed Khan di Kuala Lumpur, Malaysia pada 26 April 2002, di hadapan saya.

ZAINALABIDIN BIN NAN No: W316 PESURUHJAYA SUMPAH

113 AFFIN HOLDINGS BERHAD LAPORAN Juruaudit kepada ahli-ahli Affin Holdings Berhad (No. Syarikat 23218 W)

Kami telah mengaudit penyata-penyata kewangan yang dibentangkan di mukasurat 59 hingga 112. Penyata-penyata kewangan tersebut adalah tanggungjawab para pengarah Syarikat. Tanggungjawab kami adalah untuk menyatakan pendapat ke atas penyata-penyata kewangan tersebut berdasarkan audit kami.

Kami telah menjalankan audit kami mengikut piawaian-piawaian audit berkenaan yang diluluskan di Malaysia. Piawaian-piawaian tersebut memerlukan kami merancang dan melaksanakan audit untuk memperolehi keyakinan yang munasabah samada penyata-penyata kewangan adalah bebas dari kenyataan-kenyataan penting yang salahnyata. Sesuatu audit merangkumi pemeriksaan, secara ujian, bukti yang menyokong jumlah-jumlah dan penyataan di dalam akaun. Audit juga merangkumi penaksiran terhadap penggunaan prinsip-prinsip perakaunan dan anggaran-anggaran penting yang dibuat oleh para pengarah dan juga penilaian ke atas pembentangan penyata kewangan keseluruhannya. Kami percaya audit kami memberi asas yang munasabah untuk menyatakan pendapat kami.

Pada pendapat kami:

(a) penyata-penyata kewangan telah disediakan berdasarkan Piawaian-piawaian Perakaunan yang diluluskan dan berkenaan di Malaysia, Garis Panduan Bank Negara Malaysia dan peruntukan Akta Syarikat, 1965 untuk memberikan gambaran yang benar dan saksama tentang:

(i) perkara-perkara yang dikehendaki oleh Seksyen 169 Akta Syarikat, 1965 untuk dinyatakan di dalam penyata kewangan; dan

(ii) kedudukan Kumpulan dan Syarikat pada 31 Disember 2001 dan keputusan serta aliran tunai Kumpulan dan Syarikat bagi tahun kewangan berakhir pada tarikh tersebut; dan

(b) rekod-rekod perakaunan dan rekod-rekod lain serta daftar-daftar yang dikehendaki oleh Akta disimpan oleh Syarikat dan subsidiari-subsidiari yang diaudit oleh kami telah disimpan dengan sempurna menurut peruntukan- peruntukan Akta tersebut.

Nama syarikat-syarikat subsidiari yang tidak diaudit oleh kami dinyatakan dalam nota 8 kepada penyata kewangan. Kami telah mengambilkira penyata-penyata kewangan syarikat-syarikat subsidiari ini dan laporan juruaudit yang berkenaan.

Kami berpuas hati bahawa penyata-penyata kewangan subsidiari-subsidiari yang telah disatukan dengan akaun Syarikat adalah dalam bentuk dan kandungan yang bersesuaian dan teratur untuk tujuan penyediaan akaun yang disatukan, dan kami telah menerima maklumat yang memuaskan dan keterangan-keterangan yang diperlukan untuk tujuan tersebut.

Laporan juruaudit ke atas penyata kewangan subsidiari-subsidiari tidak dikenakan sebarang pengecualian dan tidak mengandungi sebarang teguran mengikut Subseksyen (3), Seksyen 174 Akta tersebut.

PRICEWATERHOUSECOOPERS (No. AF: 1146) Akauntan Berkanun

DATO’ AHMAD JOHAN BIN MOHAMMAD RASLAN (No. 1867/09/02 (J)) Rakan dalam firma

Kuala Lumpur 26 April 2002

114 AFFIN HOLDINGS BERHAD BUTIR-BUTIR Hartanah

Butir-butir hartanah utama Kumpulan pada 31 Disember 2001 adalah seperti berikut:- Anggaran Nilai Keterangan/ Usia Buku Kegunaan Tempoh Keluasan Bangunan Bersih Hakmilik/ No. Lot Lokasi Semasa Pegangan (kaki persegi) (tahun) (RM)

HS (D) 4504 & 4502 No. 100 & 101 2 unit rumah kedai Pajakan Tanah - 4,030 19 288,745.53 Lot 3 & 4 Melaka Taman Melaka Raya 3 tingkat/ (99 tahun) Binaan - 12,000 Daerah Melaka Tengah Jalan Parameswara Pejabat cawangan Tamat: 2075 75000 Melaka

HS (D) 12930 & No. 5 & 7, 2 unit rumah kedai Milik bebas Tanah - 3,520 14 763,923.54 12931 MLO 7278 & Jalan Perisai 2 tingkat/ Binaan - 6,776 7279 Mukim Plentong Taman Sri Tebrau Pejabat cawangan Daerah Johor Bahru 80050 Johor Bahru Johor

HS (D) 5217 No. 1, Jalan Berangan 1 unit rumah kedai Milik bebas Tanah - 3,000 20 606,774.02 PT 90 (Sec 1) 42008 Port Klang 4 tingkat/ Binaan - 12,768 Port Klang Selangor Darul Ehsan Pejabat cawangan Daerah Klang

HS (D) 1075/80 & No. 1, Jalan SMIC/5 2 unit rumah kedai Pajakan Tanah - 4,688 19 147,569.92 1076/80 PT 3965 & Bandar Baru Sri Manjung 2 tingkat (99 tahun) Binaan - 6,160 3966 Mukim Setiawan Sitiawan, Perak Tamat: 2079 Daerah Dinding

HS (D) 3304 & 9274 No. 11 & 13, 2 unit rumah kedai Milik bebas Tanah - 3,480 13 348,377.52 Lot 1856 & 1857 Jalan Kampar 3 tingkat/ Binaan - 10,320 Daerah Kinta 30250 Ipoh Pejabat cawangan Perak Darul Ridzuan

HS (D) 892 No. 1, 1 unit rumah kedai Milik bebas Tanah - 3,367 10 683,236.60 PT 6727/24 Jalan Tun Dr. Ismail 3 1/2 tingkat/ Binaan - 12,800 Mukim Kuala Kuantan P.O. Box 354 Pejabat cawangan Daerah Kuantan 24740 Kuantan Pahang Darul Makmur

HS (D) 12930 & 12931 No. 41, Jalan Bakawali 35 1 unit rumah kedai Milik bebas Tanah - 2,607 11 276,481.94 MLO 7278 & 7279 Taman Johor Jaya 2 tingkat/ Binaan - 5,614 Mukim Plentong 81100 Johor Bahru, Pejabat cawangan Daerah Johor Bahru Johor Darul Takzim

HS (M) 6367, PT 7485 Nadi Kota, Bangunan Pajakan Tanah - 20,056 11 570,228.78 Mukim Chenor Bandar Pusat Jengka berkembar (99 tahun) Binaan - 2,500 Daerah Maran 26400 Jengka, setingkat/ Tamat: 2091 Pahang Darul Makmur Pejabat cawangan

Lot 223, Sec 11 223/224, 2 unit rumah kedai Milik bebas Tanah - 4,659 10 999,953.10 Lot 224, Sec 11 Jalan Satok, KLTD, 4 tingkat/ Binaan - 11,858 Bandaraya Kuching 93400 Kuching Sarawak Pejabat cawangan

Title 12000 PT 7804 No. 72 Jalan Kebun Teh Bungalow setingkat/ Milik bebas Tanah - 8,140 11 157,930.65 Daerah Johor Bahru Johor Bahru Kediaman pengurus Binaan - 4,757 Johor Darul Takzim cawangan

115 AFFIN HOLDINGS BERHAD Butir-butir Hartanah (Sambungan)

Anggaran Nilai Keterangan/ Usia Buku Kegunaan Tempoh Keluasan Bangunan Bersih Hakmilik/ No. Lot Lokasi Semasa Pegangan (kaki persegi) (tahun) (RM)

Title 2624 Lot 97 No. 5132 Jalan Dato’ Bungalow setingkat/ Pajakan Tanah - 9,311 14 122,054.63 Sek 11 Bandar Pelambang Bukit Baru, Kediaman pengurus (60 tahun) Binaan - 1,712 Bukit Baru Daerah Melaka cawangan Tamat: 2055 Melaka Tengah

HS (D) 10842 & No. 211 & 213 2 unit rumah kedai Pajakan Tanah - 3,968 13 5.00 10843 PT 266 & 267 Jalan Perkasa 1 4 tingkat/ (99 tahun) Binaan - 15,872 Mukim Ampang Taman Maluri, Cheras Pejabat cawangan/ Tamat: 2076 Daerah Kuala Lumpur 55100 Kuala Lumpur Sekolah perbankan

TL 107526054 Lot 3A & 3B Bungalow Pajakan Tanah - 6,670 9 304,096.60 Lot 3A TL 107526053 Taman Emas 2, dua tingkat/ (999 tahun) Binaan - 2,007 Lot 3B Daerah Tawau Batu 2 Jalan Sin Onn Kediaman pengurus Tamat: 2912 Tawau, Sabah cawangan

HS (M) 12950 PT 16732 No. A715B Bungalow Milik bebas Tanah - 6,996 9 191,484.34 Mukim Kuala Kuantan Lorong Tok Sira 13 dua tingkat/ Binaan - 2,868 Daerah Kuantan Taman Datin Mahanum Kediaman pengurus Kuantan, cawangan Pahang Darul Makmur

Title 12236 Lot 1676 Lot 1676 Bungalow Milik bebas Tanah - 6,996 19 119,340.02 Mukim & Jalan Koh Kee Kah satu tingkat/ Binaan - 2,868 Daerah Port Dickson Taman Koh Kee Kah Kediaman pengurus 71000 Port Dickson cawangan Negeri Sembilan Darul Khusus

HS (D) 39216 K1, No. 1A, B & C Rumah kedai Pajakan Tanah - 3, 900 7 1,736,870.45 PT 2068 Mukim & Jalan TK 1/11A 3 tingkat (99 tahun) Binaan - 15,600 Daerah Petaling Taman Kinrara, Seksyen 1 berbasement/ Tamat: 2091 47100 Puchong Pejabat cawangan Selangor Darul Ehsan

P.M. No. 389 No. 52 Perumahan Bungalow Pajakan Tanah - 3, 843 7 117,684.02 Lot No. 6834 Lot 144 Gong Limau, dua tingkat/ (99 tahun) Binaan - 2,200 Mukim Chukai Kemaman, Kediaman pengurus Tamat: 2082 Daerah Kemaman Terengganu cawangan

HS (D) 11547/ 11548 No. 11 & 11A Rumah kedai Milik bebas Tanah - 3,261 5 1,454,556.98 PT 15727/15728 Jalan Memanda 7/1 5 tingkat Binaan - 5,658 Mukim Ampang Off Jalan Ampang berbasement/ 68000 Ampang Pejabat cawangan Selangor Darul Ehsan

HS (D) 7570 & 7571 Plot 65 & 66 2 unit rumah kedai Milik bebas Tanah - 3,080 9 1,399,491.66 Lot 8552 & 8553 Taman Sri Tunas Muda 3 tingkat/ Binaan - 8,360 Mukim 12 11950 Bayan Baru, Pejabat cawangan Daerah Barat Daya Pulau Pinang

116 AFFIN HOLDINGS BERHAD Butir-butir Hartanah (Sambungan)

Anggaran Nilai Keterangan/ Usia Buku Kegunaan Tempoh Keluasan Bangunan Bersih Hakmilik/ No. Lot Lokasi Semasa Pegangan (kaki persegi) (tahun) (RM)

HS (D) 169672 PTD 85558 Rumah semi Milik bebas Tanah - 3,200 9 185,974.80 PTD 85558 Jalan Molek 2/17 detached/ Binaan - 2,090 Mukim Plentong Taman Molek, Fasa 2 Kediaman pengurus Daerah Johor 81100 Johor Bahru cawangan Johor Darul Takzim

HS (D) 2874 & PTD 4161 No. 503, Jalan Mersing 2 unit rumah kedai Milik bebas Tanah - 6,000 8 1,113,143.58 Township of Kluang 86000 Kluang 3 tingkat/ Binaan - 9,944 Daerah Kluang Johor Darul Takzim Pejabat cawangan

HS (D) 9406 Lot 8226 & No. 7 & 9 2 unit rumah kedai Milik bebas Tanah - 3,520 8 1,234,801.02 PT 4045 HS (D) 9407 Jalan SS 15/8A 4 tingkat/ Binaan - 9,944 Lot 8227 & PT 4046 Subang Jaya Pejabat cawangan Mukim Damansara 47500 Petaling Jaya Daerah Petaling Selangor Darul Ehsan

HS (D) 67041 & 67042 No. 4 & 6, Jalan Telawi 3 2 unit rumah kedai Milik bebas Tanah - 4,659 10 4,259,763.02 PT 3479& 3480 59100 Bangsar Baru, 3 tingkat/ Binaan - 11,858 Mukim Kuala Lumpur Kuala Lumpur Pejabat cawangan Daerah W. P. dan lokasi DRP

HS (M) 4961 No. 2 & 3 2 unit rumah kedai Milik bebas Tanah - 3,510 6 1.00 PT 457 HS (M) 4962 Jalan Saga Taman Saga, 3 tingkat/ Binaan - 11,136 PT 458 Mukim Sungai Chua, Pejabat cawangan Kajang Daerah 43000 Kajang Ulu Langat, Selangor Selangor Darul Ehsan

HS (M) 195/ 89 Plot 0195, Persiaran Bungalow Milik bebas Tanah - 16,620 8 145,240.28 PT 10107 HS (M) 4962 Cinta Sayang Taman Ria, satu tingkat/ Binaan - 1,221 PT 458 Mukim Sungai Petani Kediaman pengurus Sg. Petani Kedah Darul Aman cawangan Daerah Kuala Muda

GM 2251 & 2252 No. 1317 & 1318 2 unit rumah kedai Milik bebas Tanah - 2,390 6 653,605.10 Lots 3991 & 3992 Taman Sepakat 3 tingkat/ Binaan - 6,920 Mukim & Daerah 13200 Kepala Batas Pejabat cawangan Seberang Perai Utara Pulau Pinang

Town Lease Lot 19 & 20 Blok K, 2 unit rumah kedai Pajakan Tanah - 2,780 8 2,381,343.68 No. 017541374 & Sadong Jaya Complex 3 tingkat/ (60 Tahun) Binaan - 10,144 01741383 Jalan Juara Ikan 3 Pejabat cawangan Tamat: 2046 Lots 82 & 83 Block K 88300 Kota Kinabalu Mukim Karamunsing Daerah Kota Kinabalu

HS (D) 73618 & 73619 Lot 5733 & 5734 2 unit rumah kedai Milik bebas Tanah - 3,600 7 894,405.06 PT 5733 & 5734 Jalan TS 2/1, 3 tingkat/ Binaan - 10,800 Mukim Labu, Taman Semarak, Pejabat cawangan Mukim Seremban Fasa 11 71800, Nilai Negeri Sembilan Darul Khusus

117 AFFIN HOLDINGS BERHAD Butir-butir Hartanah (Sambungan)

Anggaran Nilai Keterangan/ Usia Buku Kegunaan Tempoh Keluasan Bangunan Bersih Hakmilik/ No. Lot Lokasi Semasa Pegangan (kaki persegi) (tahun) (RM)

PTD 112746 & 112747 No. 40 & 41 2 unit rumah kedai Milik bebas Tanah - 2,800 6 688,003.06 Mukim Plentong Pusat Perdagangan 2 tingkat/ Binaan - 4,327 Daerah Johor Bahru, 81700 Pasir Gudang Pejabat cawangan Johor Johor Darul Takzim

HS (D) 71565 PT 338 No. 2 (26/25B) 1 unit rumah kedai Milik bebas Tanah - 3,488 7 737,973.12 Daerah Petaling Jln Hujung Permatang 2 tingkat/ Binaan - 6,976 Mukim Damansara Seksyen 26 Pejabat cawangan 40400 Shah Alam Selangor Darul Ehsan

PT 3636 HS (D)5167 No. 10 Jalan Todak 1 1 unit rumah kedai Pajakan Tanah - 3,681 5 2,230,320.80 PT 3637 HS (D)5168 Pusat Bandar Seberang 4 tingkat/ (99 tahun) Binaan - 13,716 Mukim 1, Seberang Jaya Pejabat cawangan Tamat: 2092 Daerah Seberang 13700 Perai Perai Tengah, Penang Pulau Pinang

Lots 2387 & 2388 Lots 2387 & 2388 2 unit rumah kedai Pajakan Tanah - 3,190 5 1,120,069.68 Blok 5 Daerah Miri Blok A4 Boulevard 3 tingkat/ (60 tahun) Binaan - 8,371 Centre Off Jalan Miri, Pejabat cawangan Tamat: 2050 98000 Pujut Sarawak

Precint 3.4, Precint 3.4, Bangunan Milik bebas Tanah - 32,561 2 1,849,334.02 Pusat Bandar Shah Alam Pusat Bandar Shah Alam Affin Bank, Seksyen 14 40450 Seksyen 14 cawangan Selangor Darul Ehsan Shah Alam

PT 48474 HS (D) 86046 No. 130 & 132 2 unit rumah kedai Milik bebas Tanah - 5,138 7 1,860,811.68 PT 48475 HS (D) 86047 Jalan Rosmerah 2/17 3 tingkat/ Binaan - 11,250 Mukim Plentong Taman Johor Jaya Pejabat cawangan Daerah Johor Bahru Fasa VI, 81100 Johor Bahru Johor Darul Takzim

HS(D) 67774 & 67773 No. 47 & 49 2 unit rumah kedai Milik bebas Tanah - 5,138 10 4,550,262.43 Lot 29427 & 29428 Jalan Tun Mohd Fuad 3 3 tingkat/ Binaan - 11,250 Mukim Kuala Lumpur Taman Tun Dr. Ismail Pejabat cawangan Daerah 60000 Kuala Lumpur Wilayah Persekutuan

S03 & S04 PT 72 No. 3 & 4, Jalan Aman 2 unit rumah kedai Milik bebas Tanah - 3,532 5 1,310,960.72 HS (D) 7295 Mukim Penambakan Laut 3 tingkat/ Binaan - 9,900 Port Dickson Bandar Port Dickson Pejabat cawangan 71009 Negeri Sembilan Darul Khusus

PT 100479 & PT 100480 No. 23 & 25 2 unit rumah kedai Milik bebas Tanah - 3,840 8 2,226,846.64 Mukim Plentong Jalan Permas 10/1 4 tingkat/ Binaan - 16,227 Daerah Johor Bahru 81750 Permas Jaya Pejabat cawangan Johor Darul Takzim

118 AFFIN HOLDINGS BERHAD Butir-butir Hartanah (Sambungan)

Anggaran Nilai Keterangan/ Usia Buku Kegunaan Tempoh Keluasan Bangunan Bersih Hakmilik/ No. Lot Lokasi Semasa Pegangan (kaki persegi) (tahun) (RM)

Lot 2631, Lots 2631 Pujut 7, Rumah berkembar Pajakan Tanah - 6,548 6 324,000.02 Blok No. 2 Pujut Lutong Road 2 tingkat (60 Tahun) Binaan - 2,276 Konsesi Miri Miri, Sarawak Kediaman pengurus Tamat: 2055 Tanah Sarawak cawangan

PT 20871 & 20872 No. 1 & 3 2 unit rumah kedai Pajakan Tanah - 4,843 8 4,441,777.67 HS(D) 16878 & 16879 Jalan Pandan Indah 4/2 3 tingkat/ (99 Tahun) Binaan - 16,227 Mukim Ampang Pandah Indah Pejabat cawangan Tamat: 2087 Daerah Ulu Langat 55100 Kuala Lumpur

Lot 1825, Blok 10 Lot 1825, Blok 10 Bungalow Pajakan Tanah - 7,606 5 251,999.99 Kuching Central Lorong Green 1 dua tingkat/ (60 Tahun) Binaan - 2,500 Kuching Central Kediaman pengurus Tamat: 2038 cawangan

HS (D) 807 & 808 No. 55 & 57, 2 unit rumah kedai Milik bebas Tanah - 4,779.2 15 1,773,589,68 PT 2592 & 2593 Taman Selat 4 tingkat/ Binaan - 13,760 Daerah Seberang Jalan Bagan Luar Pejabat cawangan Perai Utara 12000 Butterworth Pulau Pinang

HS(D)624 & 625/1986 No. 1515, 1 unit rumah kedai Pajakan Tanah - 2,600 15 908,678.72 Lot 66 & 67, Sec. 5 Lorong Padi 4 tingkat/ (30 Tahun) Binaan - 7,800 Daerah Kota Setar 85000 Alor Setar Pejabat cawangan Tamat: 2025 Kedah Kedah Darul Aman

HS(M)2926 & 2925 No. 10 & 12 2 unit rumah kedai Pajakan Tanah - 3,840 18 699,937.71 PT 21346 & 21345 Jalan Radin Tengah 3 tingkat/ (99 Tahun) Binaan - 11,520 Lot 66 & 67, Sec. 5 Bandar Baru Seri Petaling Pejabat cawangan Tamat: 2078 Mukim Petaling Daerah 50770 Kuala Lumpur Wilayah Persekutuan

HS(D) 16521 & 16496 No. 20 & 22 2 unit rumah kedai Milik bebas Tanah - 3,230 17 1,552,363.80 PT8192/1367 & Jln 21/22, Sea Park 3 tingkat/ Binaan - 9,750 PT 8912/1366 46730 Petaling Jaya Pejabat cawangan Mukim Kuala Lumpur Selangor Darul Ehsan Daerah Petaling

Pajakan Bandar: 107515432 No. TB 281, 282 & 283 3 unit rumah kedai Pajakan Tanah - 6,720 17 1,630,202.83 Pajakan Bandar: 107515441 Jalan Haji Karim 4 tingkat/ (999 Tahun) Binaan - 13,440 Pajakan Bandar: 107515430 Town Extension 11 Pejabat cawangan Tamat: 2895 Mukim Tawau 91008 Tawau, Sabah

HS(D) 3659 & 3662 No. 93A & 93B 2 unit rumah kedai Milik bebas Tanah - 4,107 17 712,213.09 PT3227 & 3228 Jalan Rasah 3 tingkat/ Binaan - 8,400 Daerah Seremban 70470 Seremban Pejabat cawangan Negeri Sembilan Darul Khusus

119 AFFIN HOLDINGS BERHAD Butir-butir Hartanah (Sambungan)

Anggaran Nilai Keterangan/ Usia Buku Kegunaan Tempoh Keluasan Bangunan Bersih Hakmilik/ No. Lot Lokasi Semasa Pegangan (kaki persegi) (tahun) (RM)

Lot 42262 Lot PT 42262 1 unit rumah kedai Milik bebas Tanah - 2,780 5 2,160,016.89 Mukim Klang Taman Bayu Perdana 4 tingkat/ Binaan - 11,116 Daerah Klang Jalan Kem Chuan Klang Pejabat cawangan

HS(D) 51461 & 51462 Bandar Sri Majalara 2 unit rumah kedai Pajakan Tanah - 3,855 5 1,529,448.34 PT44519 & 44510 52100 Kepong Selangor 4 tingkat/ (49 Tahun) Binaan - 12,435 Daerah W.P Pejabat cawangan Tamat: 2077 Mukim Batu

HS(D) 4954 & 41955 Unit No. 8 & 9 2 unit rumah kedai Milik bebas Tanah - 5,965 4 3,354,488.39 PT24178 & 24179 Taming Permai 3 tingkat/ Binaan - 16,227 Mukim Cheras Business Park Pejabat cawangan Daerah Ulu Langat Jalan Balakong 43300 Selangor

Lots 175 & 176 Lots 175 & 176, 2 lot adjacent Milik bebas Tanah - 3,304 4 1,933,302.25 Grant 6787 Fasa 2, Langkawi Mall Rumah kedai Binaan - 9,912 Mukim Kuah Daerah 07000 Kuah Langkawi, 3 tingkat/ Langkawi, Kedah Kedah Pejabat cawangan

HS(D)193890 & No. 59 & 61 2 unit rumah kedai Milik bebas Tanah - 3,080 5 1,180,055.62 193891 PTD 55897 & Jalan Kebudayaan 4, 2 tingkat/ Binaan - 6,160 55898 Mukim Kulai Taman Universiti Pejabat cawangan Daerah Johor Bahru 81300 Skudai Johor Darul Takzim

HS(D)25507 PTD 39218 No. 27, Jalan Perwira 1 Rumah bungalow Milik bebas Tanah - 6,000 7 172,096.53 Mukim & Daerah Kluang Taman Titiwangsa 2 tingkat/Kediaman Binaan - 3,544 86000 Kluang pengurus cawangan Johor Darul Takzim

HS(D) 14862 & 14863 29 & 31, Jalan Tiara 3 2 unit rumah kedai Pajakan Tanah - 36,300 4 3,511,597.65 PT 21530 & 21351 Bandar Baru Kelang 4 tingkat/ (99 Tahun) Binaan - 13,200 Tempat Bukit Raja Mukim 41150 Kelang Pejabat cawangan Tamat: 2093 Kampar Daerah Klang Selangor Darul Ehsan

Sub-Lot 13, Lot 13, Fasa 1 1 unit rumah kedai Pajakan Tanah - 3,240 4 1,412,403.89 Lot 3060 Daerah Bintulu Commerce Square 3 tingkat/ (60 Tahun) Binaan - 9,720 Bintulu ParkCity, Pejabat cawangan 97000 Bintulu, Sarawak

PTD 62642 & 62643 No. 49 & 51 2 unit rumah kedai Pajakan Tanah - 5,468 4 1,921,284.75 HS(D)227069 & Jalan Sri Perkasa 2/1 3 tingkat/ (99 Tahun) Binaan - 10,710 227070 Mukim Kulai Taman Tampoi Utama Pejabat cawangan Tamat: 2094 Daerah Johor Bahru 81200 Tampoi Johor Darul Takzim

120 AFFIN HOLDINGS BERHAD Butir-butir Hartanah (Sambungan)

Anggaran Nilai Keterangan/ Usia Buku Kegunaan Tempoh Keluasan Bangunan Bersih Hakmilik/ No. Lot Lokasi Semasa Pegangan (kaki persegi) (tahun) (RM)

PTD 17855 & 17856 No. 18 & 20 2 unit rumah kedai Milik bebas Tanah - 3,840 19 2,500,507.59 HS(D) 39845 & 39846 Jalan Serampang 3 tingkat/ Binaan - 11,520 Mukim Plentong Daerah Taman Pelangi Pejabat cawangan Johor Bahru 80050 Johor Bahru

HS(D) 16728, PTD9887 No. 3 & 4 Jalan Merah 2 unit rumah kedai Milik bebas Tanah - 3,080 11 1,342,993.15 HS(D) 16729, PTD9888 Off Jalan Bukit Pasir 3 tingkat/ Binaan - 16,227 Mukim Simpang Kanan Taman Bukit Pasir Pejabat cawangan Daerah Batu Pahat PH1 83000 Batu Pahat Johor Darul Takzim

Lots 436 & 437, Sec.13 No. 3788H & 3788I 2 unit rumah kedai Milik bebas Tanah - 3,200 16 1,667,414.62 Grant 12256 & 12257 Sec.13 3 tingkat/ Binaan - 9,152 Daerah Kota Bahru Jalan Sultan Ibrahim Pejabat cawangan 15050 Kota Bahru Kelantan Darul Naim

PT 288 & 289 No. A2 Bangunan berdiri Milik bebas Tanah - 2,445 5 1,193,406.62 Mukim Seriap Daerah Taman Pangkalan Asam 4 tingkat/ Binaan - 9,677 Pangkalan Asam 01000 Kangar Perlis Bakal pejabat cawangan

GM 92 & 96, GM 92 & 96, Tanah kosong Milik bebas 12.59 ekar – 16,600,000.00 Lot 1555 & 290 Lot 1555 & 290 Mukim 13, Mukim 13, Daerah Timur Laut, Daerah Timur Laut, Pulau Pinang Pulau Pinang (Lum Choon Realty Sdn Bhd)

HS(M) 5797/ 5798 No. 840 & 842, Bangunan Pajakan Tanah - 6,670 3 2,869,708.21 PT 6/7 Sek, BT 4, Jalan Ipoh 4 tingkat (60 Tahun) Binaan - 9,243 Mukim Batu 51200 Kuala Lumpur berbasement

Parcel No. C7/50/86-2 , No. 2 Jalan 1/27F Rumah 4 tingkat/ Pajakan Tanah - 4,480 3 3,930,769.45 C7/50/86-1, C7/50/86-4 KLSC Wangsa Maju unit tepi Binaan - 14,920 & C7/50/86-3 53300 Kuala Lumpur Mukim Setapak Daerah & Wilayah Persekutuan

HS(D) 7156, 7157, No. 7 & 8 Jalan DR 1 2 unit rumah kedai Milik bebas Tanah - 3,509 5 2,077,312,76 7187 & 7188 Delima Point 5 tingkat/ Binaan - 17,160 PT 34, 35, 65 & 66 Taman Delima Raya Pejabat cawangan Bandar Bt Baru, Sek.11, 75150 Melaka District Melaka Tengah

PT 141 & PT 142 No. 2/4, Rumah kedai Milik bebas Tanah - 3,930 3 2,190,758.97 Mukim 6 & Mukim 7 Jalan Perda Barat 4 tingkat Binaan - 12,181 Seberang Perai 14000 Bukit Mertajam Tengah Penang Pulau Pinang

121 AFFIN HOLDINGS BERHAD Butir-butir Hartanah (Sambungan)

Anggaran Nilai Keterangan/ Usia Buku Kegunaan Tempoh Keluasan Bangunan Bersih Hakmilik/ No. Lot Lokasi Semasa Pegangan (kaki persegi) (tahun) (RM)

Lot 4/10, Phase 1c, No. 81, 83 & 85, 3 unit rumah kedai Pajakan Tanah - 4,950 6 1,242,017.26 Lot 4/9, lot 4/8, Jln 2/3A, 4 tingkat/ (99 Tahun) Binaan - 16,733 HS (D) 52850/PT 3 Sek, Pusat Pasar Borong KM, Pejabat cawangan Tamat: 2086 HS (D) 52989 & 5249, Jalan Ipoh PT 6621 & 2 Sek 1, 68100 Batu Caves, HS (D) 52988 PT 6620, Kuala Lumpur Mukim Batu Daerah W.P

Lot 14127 & 14128 No. 159 & 161, 2 unit rumah kedai Pajakan Tanah - 4,306 13 2,822,908.66 Grants 7792 & 7793 Jalan Genting Kelang 3 tingkat/ (99 Tahun) Binaan - 17,224 Mukim Setapak 53300 Setapak Pejabat cawangan Tamat: 2086 Daerah Kuala Lumpur Kuala Lumpur

Geran 9836, Lot 607 No. 34, Jalan Lumut Rumah kedai Milik bebas Tanah - 1,539 21 1,410,000.06 Bandar Kuala Lumpur Kompleks Damai 4 tingkat Binaan - 4,000 53000 Kuala Lumpur

Geran 26883 (CT 14640) No. 27 & 29, 2 unit kembar Milik bebas Tanah - 3,507 21 1,142,100.00 26903 (CT 14641), Jalan Tun Razak rumah kedai Binaan - 11,000 Lot 334 & 335, Sek 47, 53000 Kuala Lumpur 4 tingkat Kuala Lumpur

HS(D) 4004 PT 1851P, Tingkat Bawah Pejabat 9 tingkat/ Milik bebas Tanah - 6,400 5 2,666,069.35 Bandar Kuala dan Mezzanine Bahagian kompleks Binaan - 5,758 Terengganu Lot 4146, Tingkat mezzanine Jalan Sultan Ismail Kuala Terengganu

Lot 1, Mukim Suite B.4, 5 unit lot pejabat Milik bebas Tanah- 9,064.36 3 2,908,924.28 Padang Cina, KHTP Business Centre, Bahagian kompleks Binaan - 9,064 Daerah Kulim Kulim Hi-Tech Park, Tingkat bawah 09000 Kulim, Kedah

PTD 50679 & 50680 No. 93 & 94 2 unit rumah kedai Milik bebas Tanah - 4,607 2 1,435,311.40 Lot 840 & 842 Jalan Kenanga 4 tingkat/ Binaan - 17,749 PT 6 & 7 Mukim Batu 29/7 Indahpura Pejabat cawangan Daerah Johor Bahru 81000 Johor Bahru Johor

HS(S) 36840 84 Jalan SS2/60 Bangunan Milik bebas Tanah - 1,680 20 444,622.00 Lot 25696 47300 Petaling Jaya 3 tingkat/ Binaan - 5,040 Mukim Kuala Lumpur Selangor Darul Ehsan Pejabat cawangan

HS (D) 810, Lot 002595 61, Jalan Selat Bangunan Milik bebas Tanah - 1,841 17 590,946.00 Bandar Butterworth Taman Selat 4 tingkat/ Binaan - 4,698 Daerah Seberang Perai 12000 Butterworth Pejabat cawangan Pulau Pinang

122 AFFIN HOLDINGS BERHAD Butir-butir Hartanah (Sambungan)

Anggaran Nilai Keterangan/ Usia Buku Kegunaan Tempoh Keluasan Bangunan Bersih Hakmilik/ No. Lot Lokasi Semasa Pegangan (kaki persegi) (tahun) (RM)

HS (D) 23625 PBT 8A, Jalan Tun Bangunan Milik bebas Tanah - 1,350 18 339,227.00 No. 8367 Abdul Razak, Susur 3 3 tingkat/ Binaan - 4,698 Bandar Johor Bahru 80200 Johor Bahru Pejabat cawangan Johor Darul Takzim

Pajakan Bandar Lot. No. 72, Blok J Bangunan Pajakan Tanah - 1,150 13 675,332.00 No. 017541276 Sadong Jaya Karamunsing 4 tingkat/ (999 Tahun) Binaan - 4,726 Daerah Kota Kinabalu 80200 Kota Kinabalu Pejabat cawangan Tamat: 2902 Sabah

Pajakan Bandar Lot. No. 1, Blok B Bangunan Pajakan Tanah - 1,200 24 351,662.00 No. 077527176 Bandar Ramai-Ramai 4 tingkat/ (999 Tahun) Binaan - 4,608 Daerah Sandakan Mile 1, Jalan Leila Pejabat cawangan Tamat: 2885 90000 Sandakan, Sabah

Pajakan Bandar Lot. No. 2, Blok M Bangunan Pajakan Tanah - 1,200 24 485,278.02 No. 107522485 Bandar Sabindo Batu 1, 4 tingkat/ (99 Tahun) Binaan - 4,680 Daerah Tawau Jalan Leila Pejabat cawangan Tamat: 2071 91000 Tawau, Sabah

L14608/83 Lot 117, Seksyen 12 Bangunan Pajakan Tanah - 1,400 19 369,966.00 Bandar Kuching Bangunan Ejawaris 4 tingkat/ (99 Tahun) Binaan - 5,600 Jalan Haji Taha Pejabat cawangan Tamat: 2037 93400 Kuching, Sarawak

TL No. 492 (1) Lot 516, Blok 9 Bangunan Pajakan Tanah - 1,181 13 436,575.00 Daerah Miri Jalan Merbau 3 tingkat/ (60 Tahun) Binaan - 3,540 98000 Miri, Sarawak Pejabat cawangan Tamat: 2048

TL No. 1147 Lot 2307, 21, Bintulu Town Bangunan Pajakan Tanah - 1,300 13 496,477.00 Daerah Bandar Bintulu Extension Centre 4 tingkat/ (60 Tahun) Binaan - 5,048 97000 Bintulu, Sarawak Pejabat cawangan Tamat: 2044

HS (D) 4519 Lot No. 118, Taman Melaka Raya Bangunan Pajakan Tanah - 1,600 19 255,481.38 PT 21 Daerah Melaka Jalan Taman 3 tingkat/ (99 Tahun) Binaan - 4,500 Tengah Bandar Melaka 75000 Melaka Pejabat cawangan Tamat: 2076

200 & 201 200 & 201 2 unit rumah kedai Pajakan Tanah - 4,430 21 622,810.18 Taman Melaka Raya Taman Melaka Raya 3 tingkat/ Tamat: 2075 Binaan - 10,031 Off Jalan Parameswara Off Jalan Parameswara Pejabat cawangan 75000 Melaka 75000 Melaka

21-B, Jalan Ibrahim 21-B, Jalan Ibrahim Bangunan Pajakan Tanah - 2,000 15 374,413.72 08000 Sungai Petani 08000 Sungai Petani 4 tingkat/ Tamat: 2080 Binaan - 6,540 Kedah Kedah Pejabat cawangan

161 Jalan SS2/2 161 Jalan SS2/2 Bangunan Milik bebas Tanah - 2,268 21 945,786.83 47300 Petaling Jaya 47300 Petaling Jaya 3 tingkat/ Binaan - 8,622 Selangor Selangor Pejabat cawangan

123 AFFIN HOLDINGS BERHAD Butir-butir Hartanah (Sambungan)

Anggaran Nilai Keterangan/ Usia Buku Kegunaan Tempoh Keluasan Bangunan Bersih Hakmilik/ No. Lot Lokasi Semasa Pegangan (kaki persegi) (tahun) (RM)

92 Jalan Banggol 92 Jalan Banggol Bangunan Milik bebas Tanah - 1,400 20 393,749.11 20100 Kuala Terengganu, 20100 Kuala Terengganu, 4 tingkat/ Binaan - 5,480 Terengganu Terengganu Pejabat cawangan

21-21A Jalan Raja Jalil 21-21A Jalan Raja Jalil Rumah kedai Milik bebas Tanah - 1,999 15 163,534.10 45000 Kuala Selangor 45000 Kuala Selangor 2 tingkat/ Binaan - 3,855 Pejabat cawangan

31 Jalan Tun Ismail 31 Jalan Tun Ismail Rumah kedai Milik bebas Tanah - 1,600 21 331,300.00 25000 Kuantan, Pahang 25000 Kuantan, Pahang 3 tingkat/ Binaan - 6,120 Pejabat cawangan

157 Jalan Kota 157 Jalan Kota Rumah kedai Milik bebas Tanah - 1,700 25 313,666.71 34000 Taiping Perak 34000 Taiping Perak 3 tingkat/ Binaan - 4,960 Pejabat cawangan

12 Jalan Kong Sang 12 Jalan Kong Sang Rumah kedai Milik bebas Tanah - 1,875 21 453,333.36 70000 Seremban 70000 Seremban 3 tingkat/ Binaan - 4,703 Negeri Sembilan Negeri Sembilan Pejabat cawangan

100 Jalan Othman (1/14) 100 Jalan Othman (1/14) Rumah kedai Pajakan Tanah - 1,650 8 723,663.23 46000 Petaling Jaya 46000 Petaling Jaya 3 tingkat/ Tamat: 2089 Binaan - 4,620 Selangor Selangor Pejabat cawangan

Lot 247 & 248 Lot 247 & 248 2 unit rumah kedai Pajakan Tanah - 2,500 13 1,253,268.33 Sek. 49 KTLD Sek. 49 KTLD Pejabat cawangan Tamat: 2044 Binaan - 4,620 Jalan Tunku Jalan Tunku Abdul Rahman Abdul Rahman 93100 Kuching Sarawak 93100 Kuching Sarawak

Lot 14, Block B Lot 14, Block B Rumah kedai Pajakan Tanah - 1,200 6 583,483.16 MDLD 3679 MDLD 3679 3 tingkat/ Tamat: 2085 Binaan - 3,600 Kompleks Komersial Kompleks Komersial Pejabat cawangan Metro Metro 91110 Lahad Datu Sabah 91110 Lahad Datu Sabah

Lot F1 (Lot Tepi) Lot F1 (Lot Tepi) Rumah kedai Milik bebas Tanah - 3,563 1 1,705,915.00 Pusat Perdagangan Pusat Perdagangan 3 tingkat/ Binaan - 10,684 Seri Kembangan Seri Kembangan Cadangan 43300 Seri Kembangan, 43300 Seri Kembangan, Pejabat cawangan Selangor Darul Ehsan Selangor Darul Ehsan

98-G-32 to 98-3A-32, 98-G-32 to 98-3A-32, Rumah kedai Milik bebas Tanah - 1,037 1 2,252,208.39 Blok 32 Prima Tanjung Blok 32 Prima Tanjung 5 tingkat/ Binaan - 7,732 Business Centre Business Centre Pejabat cawangan Jalan Fettes, Jalan Fettes, Tanjung Tokong Tanjung Tokong 10470 Pulau Pinang 10470 Pulau Pinang

124 AFFIN HOLDINGS BERHAD Butir-butir Hartanah (Sambungan)

Anggaran Nilai Keterangan/ Usia Buku Kegunaan Tempoh Keluasan Bangunan Bersih Hakmilik/ No. Lot Lokasi Semasa Pegangan (kaki persegi) (tahun) (RM)

HS(M) 6836 P.T.14531 No.101,201,301,401 Pejabat cawangan Pajakan – 1 10,666,076.08 Mukim Damansara & 501 Blok C, Tamat: 2094 Daerah Petaling Menara Glomac Kelana Business Centre 97, Jalan 227/2 47301 Kelana Jaya Selangor

HS(D) 103053 Lot No.770, No. 11 & 12, Kompleks 2 unit rumah Pajakan – 1 2,573,529.02 Seksyen 11 Perdagangan UMNO, kedai 4 tingkat/ Tamat: 2095 Daerah Petaling Persiaran Damai Pejabat cawangan Bandaraya Shah Alam 40000 Shah Alam Selangor Darul Ehsan

HS(D) 9980 PT 4370 Delta Paradise Lagoon – Pajakan – 1 187,857.36 Mukim & Daerah Unit B-L3-06 Batu 2, Tamat: 2096 Port Dickson Jalan Pantai 71000 Port Dickson Negeri Sembilan

HS(D) 1772 P.T. 2851 Awana Beach Resort – Pajakan – 1 408,063.64 Mukim Kijal (2 Bilik) 13B, Tamat: 2097 Daerah Kemaman Baiduri Apartment KM 28, Jalan Kemaman-Dungun 24100 Kijal, Terengganu

HS(D) 67297 P.T. 9498 No. 5 Jalan 2/23B MWE 1 unit rumah Pajakan – 1 989,572.68 Mukim Batu Daerah Kepong Comm. Park kedai 4 tingkat/ Tamat: 2094 Wilayah Persekutuan 52100 Kuala Lumpur Pejabat cawangan

HS(M) 20894 P.T. 19142 No.11A 1 unit rumah Pajakan – 1 510,744.43 Mukim Petaling Jalan SB Indah 1/2A kedai 3 tingkat/ Tamat: 2094 Daerah Petaling Taman Sungai Besi Indah Pejabat cawangan 43300 Balakong, Selangor Darul Ehsan

No. 72, Jalan The Leen No. 27 & 27-1 1 unit rumah Pajakan – 1 1,312,546.78 Swee Ipoh Garden Jalan Sultan Azlan Shah kedai 3 tingkat/ Tamat: – 31400 Ipoh Perak 31400 Ipoh, Perak Pejabat cawangan

PN 1290 Lot 1895 No. 63 & 63A 2 unit rumah Pajakan – 1 2,099,804.33 Daerah Kuala Jalan Sultan Ismail kedai 3 tingkat/ Tamat: 2094 Terengganu 20200 Kuala Terengganu Pejabat cawangan

TITLE No. 35120 Sri Sayang Resort – Milik bebas – 1 232,369.75 Lot No. 86, Seksyen 2 Condominium Bandar Feringhi Unit No. 22-06, Tingkat 22 Daerah Utara Selatan Batu Feringhi, Pulau Pinang Pulau Pinang

125 AFFIN HOLDINGS BERHAD Butir-butir Hartanah (Sambungan)

Anggaran Nilai Keterangan/ Usia Buku Kegunaan Tempoh Keluasan Bangunan Bersih Hakmilik/ No. Lot Lokasi Semasa Pegangan (kaki persegi) (tahun) (RM)

HS(D) 23766 P.T. 199, 133, Jalan Bonus 1 unit rumah Milik bebas – 1 4,169,989.07 Seksyen 40 Off Jalan Masjid India kedai 4 tingkat/ Mukim Kuala Lumpur 50100 Kuala Lumpur Pejabat cawangan

Title No. 8144 P.T. 1118, No. 18, Taman 2 unit rumah Milik bebas – 1 220,192.97 Daerah Hilir Perak Melintang Ria, kedai 4 tingkat/ Jalan Bagan Datoh Pejabat cawangan 36400 Hutan Melintang Perak

Lot. A99, HS(D) 11010 Lot A99 1 unit rumah Milik bebas – 1 1,199,520.30 PT 32961 Mukim Pusat Dagang Kuantan kedai 2 tingkat/ Kuala Kuantan Jalan Tun Ismail Pejabat cawangan Daerah Kuantan 25000 Kuantan, Pahang

GM 405, Lot 1927 Lot. PT 1995/1996 1 unit rumah kedai Milik bebas – 1 524,062.91 GM 407, Lot 2007 Bandar Baru Bukit Bunga 2 tingkat/ GM 409, Lot 2006 17700 Tanah Merah Pejabat cawangan Mukim Nibong Kelantan Darul Naim Tanah Merah, Kelantan

Title No. 16025 Lot 3403 No.16 &18, Jalan Bandar 3 2 unit rumah Milik bebas – 1 1,539,199.60 Mukim Petaling Pusat Bandar Puchong kedai 4 tingkat/ Daerah Petaling 47100 Puchong Pejabat cawangan Selangor Darul Ehsan

HS(D) 143324 P.T. 18, P3.4, Jalan Ibupejabat Pajakan Tanah - 32,561 1 60,918,445.88 Seksyen 14 Persiaran Perbandaran Tamat: 2095 Bandaraya Shah Alam 40450 Shah Alam Selangor Darul Ehsan Selangor Darul Ehsan

P.T. 44519 & 44520 25A Jalan Sri Hartamas 18, – Pajakan Tanah - 2,755 1 81,415.43 Bandar Sri Manjalara Sri Hartamas, Jalan Duta (99 Tahun) 6 Jalan 54 Desa Jaya 50480 Kuala Lumpur 52100 Kepong

Lot E189 Lot E189 Kulim Bungalow 2 tingkat/ Milik bebas Tanah - 9,534 1 158,836.45 Daerah Kulim Golf & Country Resort, Kediaman pengurus Binaan - 2,600 Kulim Kedah cawangan

Lot X1 & X2 No. 1 & 3, Jalan PSK 2 2 Lot adjacent Milik bebas Tanah - 4,379 1 2,012,194.81 Daerah Sri Kembangan Pusat Perdagangan bertingkat/ Binaan - 13,139 Selangor Darul Ehsan Sri Kembangan Rumah kedai Sri Kembangan 3 tingkat Selangor Darul Ehsan

P.T. 288 & 289 No. A2 Taman Bangunan Milik bebas Tanah - 2,445 1 120,383.16 Mukim Seriap Pengkalan Asam Binaan - 9,677 Daerah Pengkalan Asam 01000 Kangar, Perlis

126 AFFIN HOLDINGS BERHAD PERANGKAAN Pegangan Saham pada 30 April 2002

Saiz Pegangan Bilangan Pemegang Bilangan Saham Saham Biasa % Biasa Dipegang %

1 – 999 348 3.02 99,624 0.01 1,000 – 10,000 9,338 81.11 32,160,226 3.49 10,001 – 100,000 1,637 14.22 42,013,675 4.55 100,001 – 46,132,749 (*) 186 1.62 125,415,981 13.59 46,132,750 dan lebih (**) 3 0.03 722,965,497 78.36

11,512 100.00 922,655,003 100.00

Setiap saham biasa layak untuk satu undi.

* Kurang daripada 5% saham-saham terbitan ** 5% dan lebih saham-saham terbitan

TIGA PULUH PEMEGANG SAHAM TERBESAR Bilangan Saham %

1. Lembaga Tabung Angkatan Tentera 386,641,995 41.91 2. Boustead Holdings Berhad 261,785,502 28.37 Accounts Non-Trading 3. Employees Provident Fund Board 74,538,000 8.08 4. Permodalan Nasional Berhad 11,722,000 1.27 5. AM Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board 6,580,000 0.71 6. Universal Trustee (Malaysia) Berhad BHLB Pacific High Growth Fund 4,911,000 0.53 7. Universiti Malaya 4,188,000 0.45 8. AM Nominees (Tempatan) Sdn Bhd Pertubuhan Keselamatan Sosial 3,644,000 0.39 9. Universal Trustee (Malaysia) Berhad BHLB Pacific Emerging Companies Growth Fund 3,627,000 0.39 10. AM Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board 3,528,000 0.38 11. Amsteel Equity Nominees (Tempatan) Sdn Bhd Pacific Credit Leasing Sdn Bhd for Umatrac Enterprises Sdn Bhd 3,241,000 0.35 12. RHB Nominees (Tempatan) Sdn Bhd Rashid Hussain Asset Management Sdn Bhd for Kumpulan Wang Simpanan Pekerja 3,000,000 0.33 13. Amsteel Corporation Berhad 2,959,280 0.32 14. HSBC Nominees (Asing) Sdn Bhd BBH and Co Boston for GMO Emerging Markets Fund 2,645,500 0.29 15. Lion Corporation Berhad 2,304,097 0.25 16. Lion Land Berhad 2,291,885 0.25 17. Malaysia Nominees (Asing) Sendirian Berhad Straits Lion Asset Management Pte Ltd for the Great Eastern Life Assurance Co Ltd 1,753,500 0.19 18. Citicorp Nominees (Asing) Sdn Bhd American International Assurance Company Limited (P Trading) 1,714,397 0.19 19. Perbadanan Nasional Berhad 1,641,500 0.18 20. AllianceGroup Nominees (Tempatan) Sdn Bhd Pheim Asset Management Sdn Bhd for Employees Provident Fund 1,630,000 0.18

127 AFFIN HOLDINGS BERHAD Perangkaan Pegangan Saham (Sambungan)

TIGA PULUH PEMEGANG SAHAM TERBESAR (Samb.) Bilangan Saham %

21. Amanah Raya Berhad BHLB Pacific Double Growth Fund 1,551,000 0.17 22. Pertubuhan Keselamatan Sosial 1,528,500 0.17 23. Koperasi Angkatan Tentera Malaysia Berhad 1,518,000 0.16 24. Universal Trustee (Malaysia) Berhad Mayban Balanced Trust Fund 1,512,000 0.16 25. Koperasi Angkatan Tentera Malaysia Berhad 1,500,000 0.16 26. Umatrac Enterprises Sdn Bhd 1,465,800 0.16 27. Mayban Nominees (Tempatan) Sdn Bhd Mayban Trustees Berhad for RHB Dynamic Fund 1,449,000 0.16 28. HSBC Nominees (Asing) Sdn Bhd BBH (Lux) SCA for Fidelity Funds South East Asia 1,400,000 0.15 29. Cartaban Nominees (Asing) Sdn Bhd SSBT Fund SW6A for California Public Employees Retirement System 1,338,000 0.15 30. Citicorp Nominees (Asing) Sdn Bhd CB LDN for Stichting Shell Pensioenfonds 1,300,000 0.14

Jumlah saham 798,908,956 86.59

PEMEGANG SAHAM UTAMA Bilangan Saham %

1. Lembaga Tabung Angkatan Tentera 386,641,995 41.91 2. Boustead Holdings Berhad 261,785,502 28.37 Accounts Non-Trading 3. Employees Provident Fund Board 74,538,000 8.08

128 AFFIN HOLDINGS BERHAD DIRECTORS’ Report

The directors have pleasure in submitting their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 December 2001.

PRINCIPAL ACTIVITIES

The principal activity of the Company is investment holding. The principal activities of the Company’s subsidiaries and associate are set out in Notes 8 and 9 to the financial statements respectively. There have been no significant changes in the nature of these activities during the financial year.

FINANCIAL RESULTS Group Company RM’000 RM’000

Net (loss)/profit after taxation and zakat (630,959) 14,006 Minority interests (32,355) –

Net (loss)/profit for the financial year (663,314) 14,006 Transfer from statutory reserve 309,005 – Retained profit brought forward 372,584 27,536

Profit available for appropriation 18,275 41,542 Proposed dividends (6,643) (6,643)

Retained profit carried forward 11,632 34,899

DIVIDENDS

The dividends paid or declared by the Company since 31 December 2000 were as follows:-

RM’000

In respect of the financial year ended 31 December 2000 as shown in the directors’ report for that financial year:

First and final dividend of 1 sen gross per share, less 28% income tax, paid on 11 July 2001 6,643

The Directors now recommend the payment of a final dividend of 1 sen gross per share, less 28% income tax, amounting to RM6,643,000 in respect of the financial year ended 31 December 2001.

RESERVES AND PROVISIONS

There were no material transfers to or from reserves or provisions during the financial year other than those disclosed in the financial statements and notes to the financial statements.

129 AFFIN HOLDINGS BERHAD Directors’ Report (Continued)

ISSUE OF SHARES

There were no issue of ordinary shares of the Company during the financial year ended 31 December 2001.

DIRECTORS

The directors who have held office during the period since the date of the last report are:

Gen. (R) Tan Sri Dato’ Seri Ismail bin Omar Dato’ Lodin bin Wok Kamaruddin Raja Dato’ Seri Aman bin Raja Haji Ahmad Maj. Gen. (R) Dato’ Mohamed Isa bin Che Kak En. Azzat bin Kamaludin Lt. Gen. (R) Dato’ Seri Abdul Ghani bin Abdul Aziz (resigned on 1 March 2002)

In accordance with Article 101 of the Company’s Articles of Association, En. Azzat bin Kamaludin retires at the forthcoming Annual General Meeting and being eligible, offers himself for re-election.

DIRECTORS’ BENEFITS

During and at the end of the financial year, no arrangements subsisted to which the Company or its subsidiary companies is a party, with the object or objects of enabling directors of the Company to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate except for the share options granted to Directors of the Company by Boustead Holdings Berhad and Lembaga Tabung Angkatan Tentera.

Since the end of the previous financial year, no director has received or become entitled to receive any benefit (other than directors’ remuneration as disclosed in note 29 to the financial statements) by reason of a contract made by the Company or a related corporation with the director or with a firm of which he is a member, or with a company in which he has a substantial financial interest.

DIRECTORS’ INTERESTS

According to the register of directors’ shareholdings, the interest of directors in office at the end of the financial year in shares, warrants and options over shares in the Company and its related corporations are as follows:

Number of ordinary shares of RM1 each At At 1.1.2001 Bought Sold 31.12.2001

The Company

Raja Dato’ Seri Aman bin Raja Haji Ahmad 55,500 – – 55,500 Azzat bin Kamaludin 110,000 – – 110,000 Dato’ Lodin bin Wok Kamaruddin 8,714 – – 8,714*

* Shares held in trust by nominee company

130 AFFIN HOLDINGS BERHAD Directors’ Report (Continued)

DIRECTORS’ INTERESTS (Continued)

Number of ordinary shares of RM10 each, RM5 uncalled At At 1.1.2001 Bought Sold 31.12.2001

Related company

PAB Trustee Berhad

Raja Dato’ Seri Aman bin Raja Haji Ahmad 20,000 – – 20,000**

** Shares held in trust for Affin Bank Berhad

Number of ordinary shares of RM1 each At At 1.1.2001 Bought Sold 31.12.2001

UAC Berhad

Raja Dato’ Seri Aman bin Raja Haji Ahmad 2,000 – – 2,000

Number of warrants 1995/2005 At At 1.1.2001 Bought Sold 31.12.2001

The Company

Raja Dato’ Seri Aman bin Raja Haji Ahmad 3,378 – – 3,378 Maj. Gen. (R) Dato’ Mohamed Isa bin Che Kak 3,378 – – 3,378

Each warrant of the Company (‘Affin Warrants 1995/2005’) entitles the registered holder to subscribe for one new ordinary share of RM1.00 each in the Company at any time from the date of issue of 16 May 1995 at the exercise price of RM3.38 per share. The exercise period of the Affin Warrants 1995/2005 will expire on 15 May 2005.

Number of warrants 2000/2005 At At 1.1.2001 Bought Sold 31.12.2001

The Company

Raja Dato’ Seri Aman bin Raja Haji Ahmad 9,250 – – 9,250 Azzat bin Kamaludin 22,500 – – 22,500 Dato’ Lodin bin Wok Kamaruddin 1,500 – – 1,500

Each warrant of the Company (‘Affin Warrants 2000/2005’) entitles the registered holder to subscribe one new ordinary share of RM1.00 each in the Company at any time from the date of issue of 8 July 2000 at the exercise price of RM3.10 per share. The exercise period of the Affin Warrants 2000/2005 will expire on 7 July 2005.

131 AFFIN HOLDINGS BERHAD Directors’ Report (Continued)

DIRECTORS’ INTERESTS (Continued)

Options over ordinary shares of RM1 each At At 1.1.2001 Granted Exercised 31.12.2001

The Company

Raja Dato’ Seri Aman bin Raja Haji Ahmad 9,500,000 – – 9,500,000***

*** This is a five-year option granted by Lembaga Tabung Angkatan Tentera (‘LTAT’) to acquire 10,000,000 of the Company’s shares from LTAT at RM2.10 per share. This option will expire on 22 November 2003.

Options over ordinary shares of 50 sen each At At 1.1.2001 Granted Exercised Expired 31.12.2001

Related Company

Boustead Holdings Berhad

Dato’ Lodin bin Wok 500,000# – – (500,000) – Kamaruddin – 500,000 – – 500,000## 9,500,000 – – – 9,500,000###

# This option was granted by Boustead Holdings Berhad under its Employees’ Share Option Scheme. The option expired on 13 June 2001.

## This option was granted by Boustead Holdings Berhad under its Employees’ Share Option Scheme at the option price of RM1.88 per share and will expire on 22 July 2006.

### This is a five-year option granted by LTAT to acquire 9,500,000 Boustead Holdings Berhad shares from LTAT at RM2.41 per share. This option will expire on 22 November 2003.

Other than the above, the directors in office at the end of the financial year did not have any other interest in the shares, warrants and options over shares in the Company or its related companies during the financial year.

WARRANT 1995/2005

On 22 February 1995, RM255,000,000 nominal amount of 4% 5-year redeemable bank guaranteed bonds with 102,056,445 detachable warrants (‘Affin Warrants 1995/2000’) were issued to the primary subscriber on a bought deal basis.

The rights to allotment of 102,056,445 Affin Warrants 1995/2000 were offered for sale by the primary subscriber at an offer price of 47.3 sen per warrant on the basis of one warrant for every 5 ordinary shares in the Company held. The initial exercise price of Affin Warrants 1995/2000 is RM3.75.

On 18 June 1999, the shareholders of the Company and the Affin Warrant 1995/2000 holders approved the extension of the exercise period of the warrants for a further 5 years and a Supplemental Deed Poll dated 8 July 1999 was executed to reflect the extension of the exercise period of the Affin Warrants1995/2000 to expire on 15 May 2005 (‘Affin Warrants 1995/2005’).

On 13 June 2000, the Company issued new ordinary shares by way of rights. Accordingly, the exercise price and the number of the Affin Warrants 1995/2005 were revised to RM3.38 and 114,110,671 respectively as required by the Deed Poll.

132 AFFIN HOLDINGS BERHAD Directors’ Report (Continued)

WARRANT 1995/2005 (Continued)

The movement in the Affin Warrants 1995/2005 to take up unissued ordinary shares of RM1.00 each in the Company during the financial year was as follows:

Number of Warrants

At 1 January 2001 114,110,671 Exercise of Affin Warrants 1995/2005 –

At 31 December 2001 114,110,671

WARRANT 1997/2007

On 19 September 1997, RM240,000,000 nominal amount of 2% 5-year redeemable bank guaranteed bonds with 54,403,401 detachable warrants (‘Affin Warrants 1997/2002’) were issued to the primary subscriber on a bought deal basis.

The rights to allotment of 54,403,401 Affin Warrants 1997/2002 were offered for sale by the primary subscriber at an offer price of 1.13 sen per warrant on the basis of one warrant for every 10 ordinary shares in the Company held. The initial exercise price of Affin Warrants 1997/2002 is RM4.15.

On 18 June 1999, the shareholders of the Company and the Affin Warrant 1997/2002 holders approved the extension of the exercise period of the warrants for a further 5 years and a Supplemental Deed Poll dated 8 July 1999 was executed to reflect the extension of the exercise period of the Affin Warrants1997/2002 to expire on 18 September 2007 (‘Affin Warrants 1997/2007’).

On 13 June 2000, the Company issued new ordinary shares by way of rights. Accordingly, the exercise price and the number of the Affin Warrants 1997/2007 were revised to RM3.74 and 61,252,285 respectively as required by the Deed Poll.

The movement in the Affin Warrants 1997/2007 to take up unissued ordinary shares of RM1.00 each in the Company during the financial year was as follows:

Number of Warrants

At 1 January 2001 61,252,285 Exercise of Affin Warrants 1997/2007 –

At 31 December 2001 61,252,285

WARRANT 2000/2005

On 8 July 2000, the Company issued 153,775,834 new warrants (‘Affin Warrants 2000/2005’) at no cost together with the rights issue exercise on the basis of 1 new Affin Warrant 2000/2005 for every four ordinary shares held. The exercise price of the Affin Warrants 2000/2005 is RM3.10 and will expire on 7 July 2005.

133 AFFIN HOLDINGS BERHAD Directors’ Report (Continued)

WARRANT 2000/2005 (Continued)

The movement in the Affin Warrants 2000/2005 to take up unissued ordinary shares of RM1.00 each in the Company during the financial year was as follows:

Number of Warrants

At 1 January 2001 153,775,834 Exercise of Affin Warrants 2000/2005 –

At 31 December 2001 153,775,834

STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS

Before the income statement and balance sheets of the Group and the Company were made out, the directors took reasonable steps:

(a) to ascertain that action had been taken in relation to the writing off of bad debts and financing and the making of provisions for doubtful debts and financing and satisfied themselves that all known bad debts had been written off and that adequate provision had been made for doubtful debts and financing; and

(b) to ensure that any current assets, other than debts, which were unlikely to realise in the ordinary course of business, their value as shown in the accounting records of the Group and the Company, have been written down to an amount which they might be expected so to realise.

At the date of this report, the directors are not aware of any circumstances:

(a) which would render the amounts written off for bad debts and financing or the amount of the provision for doubtful debts in the financial statements of the Group and the Company inadequate to any substantial extent; or

(b) which would render the values attributed to current assets in the financial statements of the Group and the Company misleading; or

(c) which have arisen which render adherence to the existing method of valuation of assets or liabilities of the Group and the Company misleading or inappropriate.

At the date of this report, there does not exist:

(a) any charge on the assets of the Group and the Company which has arisen since the end of the financial year which secures the liability of any other person; or

(b) any contingent liability of the Group and the Company which has arisen since the end of the financial year.

134 AFFIN HOLDINGS BERHAD Directors’ Report (Continued)

STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS (Continued)

No contingent or other liability has become enforceable or is likely to become enforceable within the period of twelve months after the end of the financial year which, in the opinion of the directors, will or may substantially affect the ability of the Group or the Company to meet their obligations when they fall due.

At the date of this report, the directors are not aware of any circumstances not otherwise dealt with in this report or the financial statements which would render any amount stated in the financial statements misleading.

In the opinion of the directors,

(a) the results of the Group’s and the Company’s operations during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature other than the significant acquisition of subsidiaries as disclosed in Note 35; and

(b) there has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event of a material and unusual nature likely to substantially affect the results of the operations of the Group or the Company for the financial year in which this report is made.

SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR

Significant acquisition of subsidiaries and other significant events during the financial year are disclosed in Note 35 and Note 40 to the financial statements respectively.

ULTIMATE HOLDING CORPORATE BODY

The directors regard Lembaga Tabung Angkatan Tentera, a corporate body established under the Tabung Angkatan Tentera Act, 1973, as the ultimate holding corporate body of the Company.

AUDITORS

The auditors, PricewaterhouseCoopers, have expressed their willingness to continue in office.

In accordance with a resolution of the Board of Directors dated 26 April 2002.

DATO’ LODIN BIN WOK KAMARUDDIN MAJ. GEN. (R) DATO’ MOHAMED ISA BIN CHE KAK Director Director

Kuala Lumpur

135 AFFIN HOLDINGS BERHAD BALANCE Sheets 31 December 2001

Group Company Note 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

ASSETS

Cash and short term funds 2 2,323,441 2,091,160 208,325 330,499 Securities purchased under resale agreements 1,001 – – – Deposits and placements with financial institutions 3 692,243 891,043 – 30,249 Dealing securities 4 106,130 63,066 – – Investment securities 5 6,435,338 6,013,609 – – Loans, advances and financing 6 19,214,633 14,193,189 – – Statutory deposits with Bank Negara Malaysia 7 766,773 606,679 – – Subsidiaries 8 – – 2,586,993 2,141,600 Associates 9 48,641 37,563 10,597 6,597 Trade debtors 10 124,747 45,299 – – Other assets 11 300,667 251,090 1,861 2,364 Taxation recoverable 89,407 54,504 22,403 18,575 Deferred expenses 147 368 147 368 Goodwill on consolidation 12 812,085 607,915 – – Fixed assets 13 389,962 336,076 8 3

TOTAL ASSETS 31,305,215 25,191,561 2,830,334 2,530,255

LIABILITIES, SHAREHOLDERS’ EQUITY AND MINORITY INTERESTS

Deposits from customers 14 20,017,966 15,904,826 – – Deposits and placements of banks and other financial institutions 15 3,407,873 3,658,503 – – Obligation on securities sold under repurchase agreements 368,501 166,425 – – Bills and acceptances payable 995,252 717,657 – – Trade creditors 16 117,339 37,989 – – Amount due to Cagamas 17 1,613,598 535,196 – – Other liabilities 18 968,031 568,121 103,490 11,235 Taxation 39,199 47,233 18,319 17,858 Deferred taxation 19 13,621 12,421 – – Redeemable bonds 20 840,000 240,000 240,000 240,000 Borrowings 21 672,250 495,726 630,000 430,000

TOTAL LIABILITIES 29,053,630 22,384,097 991,809 699,093

136 AFFIN HOLDINGS BERHAD Balance Sheets (Continued)

Group Company Note 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

LIABILITIES, SHAREHOLDERS’ EQUITY AND MINORITY INTERESTS (CONTINUED)

Share capital 22 922,656 922,656 922,656 922,656 Share premium 880,970 880,970 880,970 880,970 Reserves 23 102,833 772,809 34,899 27,536

SHAREHOLDERS’ EQUITY 1,906,459 2,576,435 1,838,525 1,831,162

MINORITY INTERESTS 345,126 231,029 – –

TOTAL LIABILITIES, SHAREHOLDERS’ EQUITY AND MINORITY INTERESTS 31,305,215 25,191,561 2,830,334 2,530,255

COMMITMENTS AND CONTINGENCIES 37(c) 20,209,783 15,704,162 – –

The accounting policies on pages 145 to 150 and the notes on pages 151 to 188 form an integral part of these financial statements. 137 AFFIN HOLDINGS BERHAD INCOME Statement for the financial year ended 31 December 2001

Group Company Note 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Interest income 24 1,636,862 1,386,460 22,675 22,007 Interest expenses 25 (811,520) (624,633) – –

Net interest income 825,342 761,827 22,675 22,007 Islamic Banking income 26 85,638 32,143 – –

910,980 793,970 22,675 22,007 Non-interest income 27 248,513 218,441 51,333 28,626

1,159,493 1,012,411 74,008 50,633 Overhead expenses 28 (611,777) (449,909) (5,254) (5,832) Impairment of goodwill 12 (71,655) – – –

Operating profit before loan and financing loss and provision 476,061 562,502 68,754 44,801 Loan and financing loss and provision 30 (1,008,269) (604,796) – –

Operating (loss)/profit (532,208) (42,294) 68,754 44,801 Finance cost 31 (47,150) (53,607) (43,742) (48,912) Share in profit/(loss) of associates 8,103 (462) – –

(Loss)/profit before taxation and zakat (571,255) (96,363) 25,012 (4,111) Zakat (717) (642) – – Taxation 32 (57,951) (24,062) (11,006) 9,374 Share of tax of associates (1,036) (1,400) – –

Net (loss)/profit after taxation and zakat (630,959) (122,467) 14,006 5,263 Minority interests (32,355) 21,659 – –

Net (loss)/profit for the financial year (663,314) (100,808) 14,006 5,263

Loss per share (sen) 34 - Basic (71.9) (14.2) - Fully diluted – –

Dividends per ordinary share 1 sen (2000: 1 sen) gross per share, less tax of 28% 33 0.7 0.7

The accounting policies on pages 145 to 150 and the notes on pages 151 to 188 form an integral part of these financial statements. 138 AFFIN HOLDINGS BERHAD CONSOLIDATED Statement of Changes in Equity for the financial year ended 31 December 2001

Issued and fully paid ordinary shares of RM1 each Non-distributable Distributable Currency Number Nominal Share Statutory translation Retained Group Note of shares value premium reserves reserves profits Total ‘000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

At 1 January 2001 922,656 922,656 880,970 397,518 2,707 372,584 2,576,435 Currency translation differences – – – – (19) – (19) Net loss for the financial year – – – – – (663,314) (663,314) Transfer from statutory reserves – – – (309,005) – 309,005 – Proposed dividends 33 – – – – – (6,643) (6,643)

At 31 December 2001 922,656 922,656 880,970 88,513 2,688 11,632 1,906,459

At 1 January 2000 574,887 574,887 493,622 415,939 2,759 461,643 1,948,850 Issue of share capital arising from: - exercise of Employees’ Share Option Scheme 3,992 3,992 10,259 – – – 14,251 - exercise of warrants 1 1 3 – – – 4 - acquisition of subsidiary 36,224 36,224 39,846 – – – 76,070 - rights issue 307,552 307,552 338,307 – – – 645,859

922,656 922,656 882,037 415,939 2,759 461,643 2,685,034

Share issue expenses – – (1,067) – – – (1,067) Currency translation differences – – – – (52) – (52) Net gains and losses not recognised in the income statement – – (1,067) – (52) – (1,119) Net loss for the financial year – – – – – (100,808) (100,808) Transfer from statutory reserves – – – (18,421) – 18,421 – Proposed dividends 33 – – – – – (6,643) (6,643) Underprovision of dividends for 1999 – – – – – (29) (29)

At 31 December 2000 922,656 922,656 880,970 397,518 2,707 372,584 2,576,435

The accounting policies on pages 145 to 150 and the notes on pages 151 to 188 form an integral part of these financial statements.

Page 139 COMPANY Statement of Changes in Equity for the financial year ended 31 December 2001

Issued and fully paid ordinary shares of RM1 each Non-distributable Distributable Number Nominal Share Retained Company Note of shares value premium profits Total ‘000 RM’000 RM’000 RM’000 RM’000

At 1 January 2001 922,656 922,656 880,970 27,536 1,831,162 Net profit for the financial year – – – 14,006 14,006 Proposed dividends 33 – – – (6,643) (6,643)

At 31 December 2001 922,656 922,656 880,970 34,899 1,838,525

At 1 January 2000 574,887 574,887 493,622 28,945 1,097,454 Issue of share capital arising from: - exercise of Employees’ Share Option Scheme 3,992 3,992 10,259 – 14,251 - exercise of warrants 1 1 3 – 4 - acquisition of subsidiary 36,224 36,224 39,846 – 76,070 - rights issue 307,552 307,552 338,307 – 645,859

922,656 922,656 882,037 28,945 1,833,638

Share issue expenses – – (1,067) – (1,067)

Net gains and losses not recognised in the income statement – – (1,067) – (1,067) Net profit for the financial year – – – 5,263 5,263 Proposed dividends 33 – – – (6,643) (6,643) Underprovision of dividends for 1999 – – – (29) (29)

At 31 December 2000 922,656 922,656 880,970 27,536 1,831,162

The accounting policies on pages 145 to 150 and the notes on pages 151 to 188 form an integral part of these financial statements. Page 140 CASH FLOW Statement of the Group for the financial year ended 31 December 2001

2001 2000 Note RM’000 RM’000

CASH FLOWS FROM OPERATING ACTIVITIES

Loss before taxation and zakat (571,255) (96,363)

Adjustments for items not involving the movement of cash and cash equivalents:

Gain on sale of dealing securities (4,705) (11,019) Gain on sale of investment securities (40,513) (11,769) Accretion of discount less amortisation of premium (58,279) (61,494) Provision for diminution in value of investment securities 48,339 62,820 Provision for bad and doubtful debts and financing 961,326 493,109 (Write-back of)/provision for bad and doubtful debt - other debtors (2,130) 12,639 Provision on amounts recoverable from Danaharta 50,862 31,196 Provision for retirement benefits 2,080 3,756 Goodwill written-off 71,655 – Bad debts written-off 21,861 24,560 Gain on disposal of fixed assets (908) (337) Amortisation of deferred expenses 221 261 Fixed assets written-off 6,156 77 Depreciation on fixed assets 77,489 56,967 Share of associated company (profit)/loss (8,103) 462

OPERATING PROFIT BEFORE CHANGES IN WORKING CAPITAL 554,096 504,865

INCREASE/DECREASE IN OPERATING ACTIVITIES

(Increase)/decrease in loans, advances and financing (642,264) 219,070 (Increase)/decrease in other assets (12,112) 100,261 Decrease in statutory deposits with Bank Negara Malaysia 108,281 19,547 (Increase)/decrease in dealing securities (22,931) 313,050 Decrease/(increase) in deposits and placements with financial institutions 423,086 (202,145) Decrease in deferred expenses – 8,421 Decrease in deposits from customers (1,627,252) (152,964) Increase in other creditors 172,041 72,972 (Decrease)/increase in deposits and placements of banks and other financial institutions (1,783,826) 92,200 Increase/(decrease) in obligation on securities sold under repurchase agreements 202,076 (16,453) Decrease in bills and acceptances payable (72,003) (65,559) (Increase)/decrease in securities purchased under resale agreements (1,001) 41,880 Increase in amount due to Cagamas 1,078,402 11,346

141 AFFIN HOLDINGS BERHAD Cash Flow Statement of the Group (Continued)

2001 2000 Note RM’000 RM’000

INCREASE/DECREASE IN OPERATING ACTIVITIES (CONTINUED)

Increase in trade debtors (79,448) (10,804) Increase in trade creditors 79,350 5,748

Cash (utilised in)/generated from operations (1,623,505) 941,435 Taxation and zakat paid (66,702) (19,816)

NET CASH (UTILISED IN)/GENERATED FROM OPERATING ACITIVITES (1,690,207) 921,619

CASH FLOWS FROM INVESTING ACTIVITIES

Net disposal/(acquisition) of investment securities 641,314 (1,244,023) Proceeds from disposal of fixed assets 1,531 718 Purchase of fixed assets (73,470) (69,974) Dividend received from associate – 3,600 Increase in investment in associate (4,000) – Net cashflow on acquisition of subsidiaries and certain assets and liabilities of BSN Commercial Bank (M) Berhad 35 584,020 – Payment for shares in a subsidiary in respect of mandatory general offer – (14)

NET CASH GENERATED FROM/(UTILISED IN) INVESTING ACTIVITIES 1,149,395 (1,309,693)

CASH FLOWS FROM FINANCING ACTIVITIES

Increase in redeemable bonds 600,000 187,825 Increase/(decrease) in borrowings 176,524 (499,439) Dividend paid to shareholders (6,643) (4,168) Dividend paid to minority interest in subsidiary (2,769) – Proceeds from issue of share capital – 660,114 Share issue expenses – (1,067)

NET CASH GENERATED FROM FINANCING ACTIVITIES 767,112 343,265

NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 226,300 (44,809)

CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL YEAR 2,090,172 2,134,981

CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR 36 2,316,472 2,090,172

The accounting policies on pages 145 to 150 and the notes on pages 151 to 188 form an integral part of these financial statements. 142 AFFIN HOLDINGS BERHAD CASH FLOW Statement of the Company for the financial year ended 31 December 2001

Note 2001 2000 RM’000 RM’000

CASH FLOWS FROM OPERATING ACTIVITIES Profit/(loss) before taxation and zakat 25,012 (4,111)

Adjustments for items not involving the movement of cash and cash equivalents:

Amortisation of deferred expenses 221 261 Depreciation of fixed assets 1 2

OPERATING PROFIT/(LOSS) BEFORE CHANGES IN WORKING CAPITAL 25,234 (3,848)

INCREASE/DECREASE IN OPERATING ACTIVITIES

Increase in receivables (13,870) (877) Increase/(decrease) in payables 92,255 (8,191) Decrease/(increase) in deposits and placements with financial institutions 30,249 (26,977)

Cash generated from/(utilised in) operations 133,868 (39,893)

Taxation recovered – 26,523

NET CASH GENERATED FROM/(UTILISED IN) OPERATING ACTIVITIES 133,868 (13,370)

CASH FLOWS FROM INVESTING ACTIVITIES

Net disposal of investment securities – 4,000 Purchase of fixed assets (6) – Dividend received from associate – 3,600 Payment for shares in a subsidiary in respect of mandatory general offer – (14) Net movement in amount due from subsidiaries 3,061 (1,474) Increase in investment in subsidiaries (448,454) (9,000) Increase in investment in associate (4,000) –

NET CASH UTILISED IN INVESTING ACTIVITIES (449,399) (2,888)

143 AFFIN HOLDINGS BERHAD Cash Flow Statement of the Company (Continued)

Note 2001 2000 RM’000 RM’000

CASH FLOWS FROM FINANCING ACTIVITIES

Bonds redeemed – (255,000) Increase/(decrease) in borrowings 200,000 (70,090) Dividend paid (6,643) (4,168) Proceeds from issue of share capital – 660,114 Share issue expenses – (1,067)

NET CASH GENERATED FROM FINANCING ACTIVITIES 193,357 329,789

NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (122,174) 313,531

CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL YEAR 330,499 16,968

CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR 36 208,325 330,499

The accounting policies on pages 145 to 150 and the notes on pages 151 to 188 form an integral part of these financial statements. 144 AFFIN HOLDINGS BERHAD SUMMARY of Significant Group Accounting Policies for the financial year ended 31 December 2001

The following accounting policies have been used consistently in dealing with items which are considered material in relation to the financial statements.

A BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS

The financial statements of the Group and of the Company have been prepared under the historical cost convention except as disclosed in this summary of significant accounting policies in accordance with the applicable approved accounting standards in Malaysia, Bank Negara Malaysia Guidelines and the provisions of the Companies Act, 1965.

The financial statements incorporate those activities relating to Islamic Banking which have been undertaken by the Group. Islamic Banking refers generally to the acceptance of deposits and granting of financing under the Syariah principles.

B BASIS OF CONSOLIDATION

The consolidated financial statements include the financial statements of the Company and its subsidiaries made up to the end of the financial year. Intercompany transactions are eliminated on consolidation and the consolidated financial statements reflect external transactions only. Subsidiaries are consolidated from the date on which control is transferred to the Group and are no longer consolidated from the date that control ceases. Subsidiaries are consolidated using the acquisition method of accounting or the merger method of accounting.

Under the acquisition method of accounting, the results of the subsidiaries acquired or disposed of during the year are included from the date of acquisition up to the date of disposal. At the date of acquisition, the fair values of the subsidiaries net assets are determined and these values are reflected in the consolidated financial statements. The difference between the acquisition cost and the fair values of the subsidiaries net assets is reflected as goodwill on consolidation.

Under the merger method of accounting, the results of the subsidiaries are presented as if the merger had been effected throughout the current and previous financial years. On consolidation, the difference between the carrying value of the investment over the nominal value of shares acquired is taken to merger reserve.

Minority interest is measured at the minorities’ share of post acquisition fair values of the identifiable assets and liabilities of the acquiree. Separate disclosure is made for minority interest.

C GOODWILL/CAPITAL RESERVE ARISING ON CONSOLIDATION

Goodwill arising on consolidation represents the excess of the purchase price over the fair value of the net assets of subsidiaries at the date of acquisition. The amount is retained in the consolidated balance sheet and write-downs are made only when the directors are of the opinion that there is a permanent diminution in value.

Capital reserve on consolidation represents the excess of the fair value of the net assets of subsidiaries over the purchase price. The amount is retained in the consolidated balance sheet and is not distributable until the disposal of the subsidiaries.

D SUBSIDIARIES

The Company treats as subsidiaries, those companies in which the Group directly or indirectly, has power to exercise control over the financial and operating policies so as to obtain benefits from their activities.

Investment in subsidiaries are stated at cost or directors’ valuation, less provision for permanent diminution in value. 145 AFFIN HOLDINGS BERHAD Summary of Significant Group Accounting Policies (Continued)

E ASSOCIATES

Investment in associates are stated at cost or directors’ valuation, less provision for permanent diminution in value.

The Group treats as associates those companies in which a long term equity interest between 20% and 50% is held and where the Group is in a position to exercise significant influence through management participation. Significant influence is the power to participate in the financial and operating policy decisions of the associates but not control over those policies.

The Group equity accounts for its share of the post-acquisition results and reserves of associates based on the latest audited or management financial statements of the associates concerned.

F INCOME RECOGNITION

(i) Interest income is recognised on an accrual basis. Income on hire-purchase, block discounting and leasing business are recognised on the sum of digits method. Where an account is classified as non-performing, recognition of interest income is suspended until it is realised on a cash basis. Customers’ accounts are generally classified as non-performing where repayments are in arrears for six months or more from the first day of default for loans and overdrafts, immediately after maturity date or until after three months from the first day of default for trade bills, banker’s acceptances and trust receipts.

The Group’s policy on suspension of interest on loans and overdrafts is in confirmity with Bank Negara Malaysia’s guidelines on the classification of non-performing loans and provision for sub-standard, bad and doubtful debts while the policy on suspension of interest on trade bills, trust receipts and bankers’ acceptances of certain subsidiaries is more stringent than that laid down in the guidelines.

(ii) Income from Islamic Banking business is recognised on an accruals basis in accordance with the principles of Syariah.

(iii) Loan arrangement fees and commissions are recognised as income when all conditions precedent are fulfilled.

(iv) Portfolio management, commitment fees, guarantee fees, agency fees and commissions are recognised as income on a time apportionment basis.

(v) Brokerage income is recognised on execution of contract. Interest income, underwriting fee and other fee income are recognised on accrual basis. Where debtors are classified as doubtful or bad, interest income is suspended as laid down in the Rules of the Kuala Lumpur Stock Exchange.

(vi) Dividends from dealing securities are recognised when received. Dividends from investment securities are recognised when declared.

(vii) Dividends from subsidiaries and associates are included in the income statement when the shareholder’s right to receive payment is established.

146 AFFIN HOLDINGS BERHAD Summary of Significant Group Accounting Policies (Continued)

G PROVISION FOR BAD AND DOUBTFUL DEBTS AND FINANCING

Specific provisions are made for doubtful debts and financing which have been individually reviewed and specifically identified as bad, doubtful or substandard. A general provision based on a percentage of the loan and financing portfolio is also made to cover possible losses which are not specifically identified.

An uncollectible loan and financing or portion of a loan and financing classified as bad is written off after taking into consideration the realisable value of collateral, if any, when in the judgement of the management, there is no prospect of recovery.

The Group’s provision for bad and doubtful debts and financing is in conformity with the minimum requirements of Bank Negara Malaysia’s guidelines on the classification of non-performing loans and provision for substandard, bad and doubtful debts as well as the requirements for provision for bad and doubtful debts as laid down in the Rules of the Kuala Lumpur Stock Exchange.

H REPURCHASE AGREEMENTS

Securities purchased under resale agreements are securities which was purchased with a commitment to resell at future dates. The commitment to resell the securities is reflected as an asset on the balance sheet.

Conversely, obligation on securities sold under repurchase agreements are securities which have been sold from its portfolio, with a commitment to repurchase at future dates. Such financing transactions and the obligation to re-purchase the securities are reflected as a liability on the balance sheet.

I DEALING SECURITIES

Dealing securities are marketable securities that are acquired and held with the intention of resale in the short term, and are stated at the lower of cost and market value.

Transfer, if any, between dealing and investment securities are made at the lower of cost and market value.

J INVESTMENT SECURITIES

Investment securities are securities that are acquired and held for yield or capital growth or to meet minimum liquid assets requirement pursuant to Section 38 of the Banking and Financial Institutions Act, 1989, and are usually held to maturity.

Malaysian Government Securities, Malaysian Government Investment Certificates, Cagamas bonds, other Government securities, Bank Guaranteed and Bank Negara Malaysia exempted Private Debt Securities held for investment are stated at cost adjusted for amortisation of premium or accretion of discount to maturity date. Other private debt securities are valued at lower of cost and market value. Other investment securities are stated at cost and provision is made in the event of any permanent diminution in value.

Transfers, if any, between investment and dealing securities are made at the lower of cost and market value.

147 AFFIN HOLDINGS BERHAD Summary of Significant Group Accounting Policies (Continued)

K FIXED ASSETS AND DEPRECIATION

Fixed assets are stated at cost less accumulated depreciation.

Freehold land and capital work-in-progress are not amortised. Leasehold land is amortised over the respective periods of the leases. All other fixed assets are depreciated on a straight line basis calculated to write off each asset over the term of its estimated useful life at the following annual rates:

Buildings on freehold land 2% Leasehold land and buildings Amortised over 23 years to 911 years Renovations 10% - 20% Furniture and equipment 10% - 20% Computer equipment and software 10% - 25% Motor vehicles 20%

L ASSETS PURCHASED UNDER LEASE

Operating leases

Leases of assets under which all the risks and benefits of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the income statement.

When an operating lease is terminated before the lease period has expired, any payment required to be made to the lessor by way of penalty is recognised as an expense in the period in which termination takes place.

M ASSETS SOLD UNDER LEASE

Finance leases

When assets are sold under a finance lease, the present value of the lease payment is recognised as a debtor. The difference between the gross debtor and the present value of the debtor is recognised as unearned finance income. Lease income is recognised over the term of the lease using the sum of digits method.

N DEFERRED TAXATION

Provision is made using the liability method for taxation deferred in respect of all material timing differences between accounting and taxable profits, except that where such differences are not expected to reverse in the foreseeable future. The tax effect of timing differences that result in a debit balance or a debit to the deferred tax balance is not carried forward unless there is a reasonable expectation of its realisation.

148 AFFIN HOLDINGS BERHAD Summary of Significant Group Accounting Policies (Continued)

O CURRENCY TRANSLATION

Foreign currency assets and liabilities are stated in the balance sheet at spot rates of exchange which closely approximate to those ruling at the balance sheet date. Income statement items are converted at rates prevailing on transaction dates. Exchange gains and losses are recognised in the income statement in the year they arise.

The principal average closing rates used in translation of foreign currency amounts were as follows:

Foreign currency 2001 2000 RM RM

1 US Dollar 3.80 3.80 1 Great Britain Pound 5.51 5.70

P FORWARD EXCHANGE CONTRACTS

Unmatured forward exchange contracts are valued at forward rates as at the balance sheet date, applicable to their respective dates of maturity and unrealised losses and gains are recognised in the income statement for the financial year.

Q STAFF RETIREMENT BENEFITS

The staff retirement benefits scheme operated by the commercial bank sub-group was discontinued on 31 December 2000. In the previous year, the commercial bank sub-group operated a retirement benefits scheme for senior executives, executives and confidential secretaries based on defined benefit plan. The assets of the scheme were held separately from the sub-group in an independently administered fund. Contributions to the scheme were charged to the income statement so as to spread the cost of the scheme over the employee’s working lives in the sub-group. The contributions were determined by external actuaries on the basis of triennial valuations using the accrued benefit method.

The staff retirement benefits operated by the finance company sub-group was discontinued on 31 March 2001 and the benefits were accrued to the eligible employees based on their salary and length of service with the sub-group at that date. These benefits, which will earn return annually at rates pre determined by the directors, will be paid upon retirement to the eligible employees. The return accrued will be expensed off in the income statement in the year in which it is accrued. In the previous year, the provision for retirement benefits was made for eligible employees who have completed at least 10 years of service based on their emoluments and the length of their service.

R BILLS AND ACCEPTANCES PAYABLE

Bills and acceptances payable represent bills and acceptances rediscounted and outstanding in the market.

S DEFERRED EXPENSES

Deferred expenses of the Company comprises bond issue expenses which are amortised annually to the income statement over the life of the bond.

149 AFFIN HOLDINGS BERHAD Summary of Significant Group Accounting Policies (Continued)

T AMOUNTS RECOVERABLE FROM DANAHARTA

The total consideration from loans sold to Pengurusan Danaharta Nasional Berhad (‘Danaharta’) is received in two portions; upon the sale of the loans (‘initial consideration’) and upon the recovery of the loans (‘final consideration’). The final consideration amount represents the banking subsidiaries’ predetermined share of the surplus over the initial consideration upon recovery of the loans.

The difference between the carrying value of the loans and the initial consideration is recognised as ‘Amounts Recoverable from Danaharta’ within the ‘Other Assets’ component of the balance sheet. Provisions against these amounts are made in accordance with Bank Negara Malaysia’s ‘Guidelines in the Sale of Non-performing Loans to Pengurusan Danaharta Nasional Berhad’ issued on 30 April 1999 to reflect the assessment of the directors of the banking subsidiaries of the realisable value of the final consideration as at the balance sheet date.

U DERIVATIVE FINANCIAL INSTRUMENTS

Transactions are undertaken in derivative financial instruments (‘derivatives’) which include interest rate swaps, futures and similar instruments for trading and non-trading purposes. Derivatives that are classified as non- trading are held for purpose of hedging exposures relating to the commercial bank subsidiary company’s Asset and Liability Management.

Gains and losses arising from specific hedging transactions are released to the income statement over the same year as the income or expense generated by the underlying transactions. Where a transaction originally entered into as a hedge no longer represents a hedge, its value is restated and any change in value is taken to the income statement.

Gains and losses on instruments purchased or sold for trading purposes are taken to the income statement. Any such transactions outstanding as at the balance sheet date are stated at market value.

V DEALERS’ COMMISSION AND HANDLING CHARGES

Commission and handling charges paid to hire purchase dealers are expensed off based on the sum of digits method.

W ZAKAT

This represents tithes payable by the Group to comply with the principles of Syariah and as approved by the Syariah Supervisory Council.

X CASH AND CASH EQUIVALENTS

Cash and cash equivalents consist of cash and bank balances and short term deposits, that are readily convertible to known amount of cash and which are subject to an insignificant risk of changes in value.

150 AFFIN HOLDINGS BERHAD NOTES to the Financial Statements 31 December 2001

1 GENERAL INFORMATION

During the financial year, the Group acquired certain assets and liabilities of BSN Commercial Bank (M) Berhad and the entire equity interest in BSN Merchant Bank Berhad and BSN Finance Berhad. The effects of the acquisitions to the financial statements of the Group are shown in Note 35.

The number of employees in the Group and the Company as at 31 December 2001 amounted to 6,149 (2000: 4,936) and 5 (2000: 3) employees respectively.

The directors regard Lembaga Tabung Angkatan Tentera, a corporate body established under the Tabung Angkatan Tentera Act, 1973, as the holding and ultimate holding corporate body of the Company.

The Company is a public limited liability company, incorporated and domiciled in Malaysia, and listed in the Main Board of the Kuala Lumpur Stock Exchange.

2 CASH AND SHORT TERM FUNDS

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Cash and bank balances with banks and other financial institutions 274,561 281,503 2,145 90 Money at call and deposits placements maturing within one month 2,048,880 1,809,657 206,180 330,409

2,323,441 2,091,160 208,325 330,499

Included in cash and bank balances of the Group are trust accounts maintained by a subsidiary for clients and remisiers totalling RM6,969,096 (2000: RM987,859).

3 DEPOSITS AND PLACEMENTS WITH FINANCIAL INSTITUTIONS

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Licensed banks 147,302 246,948 – – Licensed finance companies 6,932 342,998 – 30,249 Other financial institutions 538,009 301,097 – –

692,243 891,043 – 30,249

Included in deposits and placements with financial institutions of the Group are trust accounts maintained by a subsidiary for clients and remisiers totalling RM5,780,902 (2000: RM9,714,891).

151 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

4 DEALING SECURITIES

Group 2001 2000 RM’000 RM’000

Money market instruments:

Quoted

Malaysian Government Securities 22,206 38,960 Private debt securities – 3,775

Unquoted

Danamodal bonds 61,549 17,391

83,755 60,126 Quoted securities:

In Malaysia

Shares 218 701 Unit Trusts 757 1,294

Unquoted securities:

In Malaysia

Private debt securities 21,400 945

Total dealing securities 106,130 63,066

Market value of quoted money market instruments and quoted securities:

Malaysian Government Securities 22,206 39,127 Private debt securities – 4,475 Shares 218 730 Unit Trusts 840 1,225

152 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

5 INVESTMENT SECURITIES

Group 2001 2000 RM’000 RM’000

Money market instruments:

Quoted

Malaysian Government Securities 609,877 482,086 Malaysian Government Investment Certificate 572,800 885,687 Malaysian Government Islamic Investment Corporation 74,143 – Cagamas bonds 496,037 444,903

Unquoted

Malaysian Government Treasury Bills 59,254 49,654 Bank Negara Malaysia Bills 394,285 299,335 Cagamas notes 109,960 – Negotiable certificates of deposits 169,871 377,000 Private debt securities 1,078,749 113,547 Bankers’ acceptances 374,725 34,408 Khazanah bonds 18,570 – Islamic banking securities - Negotiable Islamic Debt Certificate 113,358 97,515 - Bankers’ acceptances 522,585 670,505 - Private debt securities 175,695 226,655 - Khazanah bonds 110,702 – - Islamic Corporate Notes 79,140 50,000 Danamodal bonds 288,642 251,298 Danaharta bonds 31,083 320,916 Floating Rate Notes 76,000 –

5,355,476 4,303,509 Quoted securities:

In Malaysia

Shares 76,201 42,758 Private debt securities 94,275 62,263 Loan stocks 90,861 90,861

Unquoted securities:

In Malaysia

Shares 59,731 55,460 Private debt securities 856,812 1,491,036

153 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

5 INVESTMENT SECURITIES (Continued)

Group 2001 2000 RM’000 RM’000

Unquoted securities (continued):

Outside Malaysia

Private debt securities 48,731 41,800

6,582,087 6,087,687

Accretion of discount less amortisation of premium on securities and bonds 51,281 75,185 Accretion of discount less amortisation of premium on Islamic securities 218 4,969

Sub total 6,633,586 6,167,841

Less: Provision for diminution in value of investment securities (198,248) (154,232)

Total investment securities 6,435,338 6,013,609

Market value of quoted money market instruments and quoted securities:

Malaysian Government Securities 407,927 489,441 Malaysian Government Investment Certificate 574,404 893,135 Malaysian Government Islamic Investment Certificate 74,320 – Cagamas bonds 499,621 448,376 Shares 48,405 30,621 Private debt securities 54,067 121,620 Loan stocks 90,861 90,861

The maturity structure of money market instruments held for investment:

Maturing within one year 3,391,456 2,935,190 One year to three years 1,532,083 734,287 Three years to five years 169,934 553,617 Over five years 262,003 80,415

5,355,476 4,303,509

154 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

6 LOANS, ADVANCES AND FINANCING

Group 2001 2000 RM’000 RM’000

Overdrafts 3,213,158 2,220,687 Term loans 10,774,943 7,299,060 Revolving credit 2,384,099 1,414,666 Bills receivables 300,716 104,167 Trust receipts 568,507 366,203 Hire purchases 5,024,483 3,549,148 Lease receivables 13,562 20,319 Block discounting 41,543 21,720 Staff loans (none to directors) 186,106 137,562 Factoring 52,496 – Claims on customers under acceptance credits 1,540,506 969,849 Islamic banking scheme 127,557 138,022

24,227,676 16,241,403 Unearned interest (1,295,720) (671,566)

Gross loans, advances and financing 22,931,956 15,569,837

Provision for doubtful debts and financing: - Specific (2,238,862) (610,354) - General (325,116) (306,761) Interest/income-in-suspense (1,153,345) (459,533)

(3,717,323) (1,376,648)

Total net loans, advances and financing 19,214,633 14,193,189

Included in term loans and hire purchases are housing loans and hire purchase loans sold to Cagamas with recourse amounting to RM1,575,165,000 (2000: RM535,196,000).

(i) The maturity structure of loans, advances and financing are as follows:

Group 2001 2000 RM’000 RM’000

Maturing within one year 13,693,183 5,414,854 One year to three years 2,075,615 6,666,594 Three years to five years 2,723,103 1,335,451 Over five years 4,440,055 2,152,938

22,931,956 15,569,837

155 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

6 LOANS, ADVANCES AND FINANCING (Continued)

(ii) Loans, advances and financing analysed by their economic purposes are as follows:

Group 2001 2000 RM’000 RM’000

Agriculture 477,323 222,843 Mining and quarrying 90,301 88,373 Manufacturing 3,730,704 1,990,898 Electricity, gas and water 277,786 176,222 Construction 2,828,568 2,066,868 Real estate 1,069,380 725,173 Purchase of landed property of which: - Residential 2,714,273 1,341,511 - Non-residential 1,605,870 1,083,857 General commerce 2,173,053 1,113,406 Transport, storage and communication 980,270 1,215,919 Finance, insurance and business services 883,439 836,688 Purchase of securities 878,496 978,950 Purchase of transport vehicles 3,420,557 2,323,845 Consumption credit 601,342 574,205 Others 1,200,594 831,079

22,931,956 15,569,837

(iii) Movements in the non-performing loans and financing (including interest and income receivable) are as follows: Group 2001 2000 RM’000 RM’000

Balance at 1 January 2,583,480 3,205,802 Arising from acquisition of subsidiaries 1,727,601 – Non performing during the financial year (gross) 3,979,698 1,872,712 Amount sold to Danaharta – (55,044) Recoveries (718,607) (514,216) Amount written off (77,220) (650,921) Reclassified as performing (229,550) (1,042,914) Transfer in respect of debt conversion (257,749) (231,939)

Gross non-performing loans 7,007,653 2,583,480 Specific provision and interest-in-suspense (3,364,052) (1,034,747)

Net non-performing loans at 31 December 3,643,601 1,548,733

(as % of total net loans, advances and financing) 18.62 10.66

156 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

6 LOANS, ADVANCES AND FINANCING (Continued)

(iv) Movement in the provision for bad and doubtful debts and financing and interest/income-in-suspense are as follows:

Group 2001 2000 RM’000 RM’000

Specific provision

Balance at 1 January 610,354 698,775 Arising from acquisition of subsidiaries 643,284 – Provisions made during the financial year 1,111,420 506,859 Amount sold to Danaharta – (76) Amount written back in respect of recoveries (74,037) (79,975) Amount written off (47,159) (489,609) Amount written off in respect of debt conversion (5,000) (25,620)

Balance at 31 December 2,238,862 610,354

General provision

Balance at 1 January 306,761 240,536 Arising from acquisition of subsidiaries 94,412 – (Recovered)/provision made during the financial year (67,242) 72,772 Reversed during the financial year (8,815) (6,547)

Balance at 31 December 325,116 306,761

(as % of total loans, advances and financing less specific provision and interest/income-in-suspense) 1.66 2.12

Interest/income-in-suspense

Balance at 1 January 459,533 482,527 Arising from acquisition of subsidiaries 300,486 – Provision made during the financial year 662,225 389,062 Amount sold to Danaharta – (5,124) Amount written back in respect of recoveries (233,529) (188,360) Amount written off (21,784) (158,653) Transfer in respect of debt conversion (13,586) (59,919)

Balance at 31 December 1,153,345 459,533

157 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

7 STATUTORY DEPOSITS WITH BANK NEGARA MALAYSIA

The non-interest bearing statutory deposits relate to the commercial and merchant banking and finance company subsidiaries and are maintained with Bank Negara Malaysia in compliance with Section 37(1)(c) of the Central Bank of Malaysia Act 1958 (Revised - 1994), the amounts of which are determined as a set percentage of total eligible liabilities.

8 SUBSIDIARIES

Company 2001 2000 RM’000 RM’000

Unquoted shares in Malaysia at cost 2,085,490 1,637,036 Quoted shares in Malaysia at cost 252,398 252,398 Amounts due from subsidiaries: - Irredeemable Convertible Unsecured Loan Stocks 200,000 200,000 - Dividends receivable 32,354 28,600 - Advances to a subsidiary 2,750 18,425 - Other receivables 14,001 5,141

2,586,993 2,141,600

Market value of quoted shares 252,398 191,822

The advances to a subsidiary is unsecured, interest free and have no fixed terms for repayment.

The Irredeemable Convertible Unsecured Loan Stocks (‘ICULS’) of RM200 million were issued on 22 September 1997 by a subsidiary on the basis of RM25.00 of the nominal value for twelve existing ordinary shares of RM1.00 each. The ICULS bear interest at the rate of 7% payable annually in arrears on 21st September each year. The ICULS will mature in five years from date of issuance and can be converted to ordinary shares of RM1.00 each at any time immediately after the issuance date at the conversion price of RM1.20. All new ordinary shares issued upon conversion of the ICULS will rank pari passu in all respects with the existing ordinary shares of the subsidiary.

The subsidiaries, all of which are incorporated in Malaysia, are as follows:

Issued and Percentage of paid up equity held Name Principal activities share capital 2001 2000 RM’000 % %

Affin Bank Berhad Provision of commercial 909,631 100 100 banking services

PAB Properties Sdn Bhd Property management 8,000 100 100 services

PAB Nominee (Tempatan) Share nominee services 40 100 100 Sdn Bhd

PAB Property Development Dormant 250 100 100 Sdn Bhd

158 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

8 SUBSIDIARIES (Continued)

Issued and Percentage of paid up equity held Name Principal activities share capital 2001 2000 RM’000 % %

PAB Property Management Dormant 30 100 100 Services Sdn Bhd

PAB Trustee Berhad # Trustee management 500 100 100 services

PAB Venture Capital Dormant – 100 100 Sdn Bhd

Affin Futures Sdn Bhd Financial futures and options 13,000 100 100

PAB Property Trust Dormant – 100 100 Management Berhad

PAB Nominee (Asing) Dormant – 100 100 Sdn Bhd

BSN Information Technologies Dormant 2,000 100 – & Services Sdn Bhd

Affin Factors Sdn Bhd Factoring credit facilities 10,000 100 – (formerly known as BSNC Factors Sdn Bhd)

BSNCB Nominees (Tempatan) Dormant 500 100 – Sdn Bhd

BSNC Nominees (Tempatan) Dormant 10 100 – Sdn Bhd

BSNC Nominees (Asing) Dormant 10 100 – Sdn Bhd

BSN Merchant Bank Dormant 125,000 100 – Berhad

BSN Merchant Nominees Dormant 10 100 – (Tempatan) Sdn Bhd

BSN Merchant Nominees Dormant 10 100 – (Asing) Sdn Bhd

BSNC Asset Management Dormant – 100 – (M) Berhad

159 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

8 SUBSIDIARIES (Continued)

Issued and Percentage of paid up equity held Name Principal activities share capital 2001 2000 RM’000 % %

BSNC Venture Capital (M) Dormant – 100 – Sdn Bhd

Barakah Corporation Sdn Bhd Dormant – 100 –

Affin Corporate Dormant – 100 100 Services Sdn Bhd

Affin Discount Berhad* Discount house 70,000 100 100

Affin Moneybrokers Sdn Bhd* Money-broking 200 100 100

Indolight Sdn Bhd Dormant – 100 100

Affin Fund Management Asset management 12,000 100 100 Sdn Bhd

Affin Trust Management Berhad Management of unit 5,000 100 100 (formerly known as PAB Unit trust Trust Management Berhad)

Affin - UOB Holdings Investment holdings 100,000 55 55 Sdn Bhd

Affin - UOB Securities Stock-broking 100,000 55 55 Sdn Bhd

Affin - UOB Nominees Nominees services for – 55 55 (Tempatan) Sdn Bhd local investors

Affin - UOB Nominees Nominees services for – 55 55 (Asing) Sdn Bhd foreign investors

Affin Merchant Bank Provision of merchant 187,500 63.16 63.16 Berhad banking services

Merchant Nominees (Asing) Dormant – 63.16 63.16 Sdn Bhd

Merchant Nominees Nominee services 10 63.16 63.16 (Tempatan) Sendirian Berhad

160 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

8 SUBSIDIARIES (Continued)

Issued and Percentage of paid up equity held Name Principal activities share capital 2001 2000 RM’000 % %

Affin-ACF Holdings Berhad* Investment holdings 338,382 62.12 78.05 (formerly known as ACF Holdings Berhad)

Affin-ACF Finance Berhad* Licensed finance company 331,922 62.12 78.05

Affin-ACF Nominees Nominee services 25 62.12 78.05 (Tempatan) Sdn Bhd* (formerly known as Lion Nominees (Tempatan) Sdn Bhd)

Affin Insurance Brokers Insurance broking 1,000 62.12 78.05 Sdn Bhd* (formerly known as LCB Insurance Brokers Sdn Bhd)

Affin Leasing Sdn Bhd * Lease and hire purchase 6,000 62.12 78.05 (formerly known as financing and factoring Lion Leasing Sdn Bhd) services

Affin.com Sdn Bhd* Dormant 96,000 62.12 78.05

Affin-ACF Management Dormant 60,000 62.12 – Services Sdn Bhd* (formerly known as BSN Finance Bhd)

# 80% held by Directors of Affin Bank Berhad, in trust for Affin Bank Berhad. * Subsidiaries audited by firms other than PricewaterhouseCoopers.

161 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

9 ASSOCIATES

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Unquoted shares at cost 10,627 6,597 10,597 6,597 Group’s share of post acquisition retained earnings 38,014 30,966 – –

48,641 37,563 10,597 6,597

Group 2001 2000 RM’000 RM’000

Group’s share of net tangible assets 49,167 38,089 Discount on acquisition (526) (526)

48,641 37,563

Capital commitments for fixed assets 1,740 418

The associates, all of which are incorporated in Malaysia, are as follows:

Issued and Percentage of paid up equity held Name Principal activities share capital 2001 2000 RM’000 % %

Axa Affin Assurance General insurance 100,000 40 40 Berhad*

BSNC Trustee Berhad Dormant 150,020 20 –

* Shareholding held directly by the Company

10 TRADE DEBTORS

Trade debtors mainly arose from the stockbroking subsidiary and represents amount outstanding in purchase contracts net of provisions for doubtful debts and interest-in-suspense of RM588,000 (2000: RM900,000) and RM26,000 (2000:RM40,000) respectively.

162 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

11 OTHER ASSETS

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Foreclosed properties 12,122 4,100 – – Interest receivable 68,181 40,286 337 911 Other debtors, deposits and prepayments 111,130 128,028 1,524 1,453 Amounts recoverable from Danaharta 70,801 78,676 – – Amount due from originator of loans sold to Cagamas 38,433 – – –

300,667 251,090 1,861 2,364

Amounts recoverable from Danaharta

At 1 January 78,676 102,325 – – Amount arising during the financial year 43,169 7,547 – – Provision made during the financial year (50,862) (31,196) – – Amount recovered during the financial year (182) – – –

At 31 December 70,801 78,676 – –

Amount due from originator of loans sold to Cagamas

In the normal course of banking operations, the merchant bank subsidiary entered into an agreement with a third party during the financial year to acquire loans for onward sale to Cagamas Berhad. Included in ‘Amount due to Cagamas’ as disclosed in Note 17, is the outstanding balance of RM38.4 million for which the merchant bank subsidiary is liable in respect of the loans sold to Cagamas. The liability is fully indemnified by the originator of the loans and accordingly the amount to be recovered is disclosed as ‘Amount due from originator of loans sold to Cagamas’.

12 GOODWILL ON CONSOLIDATION

Group 2001 2000 RM’000 RM’000

Balance at 1 January 607,915 602,991 Arising from acquisition of subsidiaries 275,825 – Arising from mandatory general offer for a subsidiary – 4,924 Written off during the financial year (71,655) –

Balance at 31 December 812,085 607,915

163 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

13 FIXED ASSETS

Leasehold Computer Buildings land and buildings Furniture equipment Capital Freehold on freehold Less than 50 years and and Motor Work-in- land land 50 years or more Renovations equipment software vehicles progress Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

GROUP

2001

Cost

At 1 January 22,482 62,306 6,480 39,286 85,395 74,041 145,868 23,746 78,298 537,902

Arising from acquisition of subsidiaries – 7,227 – 18,705 7,947 5,124 27,809 1,673 – 68,485

- Additions – – 520 1,010 5,467 10,620 26,928 4,183 24,742 73,470 - Disposals – – – – – (46) (616) (2,699) – (3,361) - Write-off – – – – (6,334) (2,216) (4,750) (18) – (13,318) - Reclassification – 2,215 – 55,526 15,569 – 10,428 – (83,738) –

At 31 December 22,482 71,748 7,000 114,527 108,044 87,523 205,667 26,885 19,302 663,178

Accumulated depreciation

At 1 January – 6,532 2,233 3,469 52,582 37,802 81,676 17,532 – 201,826

Arising from acquisition of subsidiaries – – – – 1,231 901 853 816 – 3,801

- Charge for the financial year – 1,398 64 2,295 18,756 8,693 42,607 3,676 – 77,489 - Disposals – – – – – (4) (397) (2,337) – (2,738) - Write-off – – – – (4,291) (1,575) (1,286) (10) – (7,162)

At 31 December – 7,930 2,297 5,764 68,278 45,817 123,453 19,677 – 273,216

Page 164 Notes to the Financial Statements (Continued)

13 FIXED ASSETS (Continued)

GROUP

2001

Net book value

At 31 December 2001 22,482 63,818 4,703 108,763 39,766 41,706 82,214 7,208 19,302 389,962

2000

Cost 22,482 62,306 6,480 39,286 85,395 74,041 145,868 23,746 78,298 537,902

Accumulated depreciation – (6,532) (2,233) (3,469) (52,582) (37,802) (81,676) (17,532) – (201,826)

Net book value at 31 December 2000 22,482 55,774 4,247 35,817 32,813 36,239 64,192 6,214 78,298 336,076

Page 165 Notes to the Financial Statements (Continued)

13 FIXED ASSETS (Continued)

COMPANY

2001

Cost

At 1 January – – – – – – 7 – – 7 - Additions – – – – – – 6 – – 6

At 31 December – – – – – – 13 – – 13

Accumulated depreciation

At 1 January – – – – – – 4 – – 4 - Charge for the financial year – – – – – – 1 – – 1

At 31 December – – – – – – 5 – – 5

Net book value

At 31 December 2001 – – – – – – 8 – – 8

Page 166 Notes to the Financial Statements (Continued)

13 FIXED ASSETS (Continued)

COMPANY

2000

Cost – – – – – – 7 – – 7 Accumulated depreciation – – – – – – (4) – – (4)

Net book value at 31 December 2000 – – – – – – 3 – – 3

Page 167 Notes to the Financial Statements (Continued)

14 DEPOSITS FROM CUSTOMERS

Group 2001 2000 RM’000 RM’000

Current account deposits 2,461,309 1,845,439 Savings deposits 1,507,980 1,517,888 Fixed deposits 13,628,398 11,960,222 Negotiable certificates of deposits 1,184,336 427,899 Islamic Banking scheme: - Al-Mudharabah-fixed deposits 958,258 153,341 - Al-Wadiah-savings deposits 277,685 37

20,017,966 15,904,826

Maturity structure of fixed deposits and negotiable certificates of deposits are as follows:

Due within six months 10,828,414 11,526,745 Six months to one year 3,635,870 409,799 One year to three years 1,298,321 601,098 Three years to five years 8,387 3,820

15,770,992 12,541,462

The deposits are sourced from the following type of customers:

Business enterprises 5,896,604 5,757,525 Individuals 5,031,553 6,241,175 Others 9,089,809 3,906,126

20,017,966 15,904,826

15 DEPOSITS AND PLACEMENTS OF BANKS AND OTHER FINANCIAL INSTITUTIONS

Group 2001 2000 RM’000 RM’000

Licensed banks 1,511,763 1,167,783 Licensed finance companies 520,405 158,986 Other financial institutions 1,375,705 2,331,734

3,407,873 3,658,503

168 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

16 TRADE CREDITORS

Trade creditors mainly arose from the stockbroking subsidiary and represents amount payable under outstanding sales contract.

17 AMOUNT DUE TO CAGAMAS

In the normal course of banking operations, the banking subsidiaries sell loans and advances to Cagamas Berhad with recourse to the banking subsidiaries at values equivalent to the unpaid principal balances of loans and advances due from mortgages.

The banking subsidiaries are liable in respect of housing loans and hire purchases sold directly and indirectly to Cagamas Berhad, under the condition that the banking subsidiaries undertake to administer the loans on behalf of Cagamas Berhad and to buy back any loans which are regarded as defective based on agreed prudential criteria. Such financing transactions and the obligations to buy back the loans are reflected as a liability on the balance sheet.

18 OTHER LIABILITIES

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Proposed dividend 6,643 6,643 6,643 6,643 Zakat 387 636 – – Interest payable 178,987 143,383 4,980 2,808 Bank Negara Malaysia and Credit Guarantee Corporation Funding Programmes 175,141 157,615 – – Margin and collateral deposits 23,450 10,845 – – Inter-branch items-in-transit 25,674 21,353 – – Amount due to insurance underwriters 24,721 18,226 – – Trust accounts for clients and remisiers 12,750 10,703 – – Payables on acquisition of subsidiaries and assets and liabilities 90,071 – 90,071 – Other creditors and accruals 430,207 198,717 1,796 1,784

968,031 568,121 103,490 11,235

Payables on acquisition of subsidiaries and assets and liabilities represent the purchase consideration of certain assets and liabilities of BSN Commercial Bank (M) Berhad and the entire equity interest in BSN Merchant Bank Berhad, which remains payable to the vendor as at 31 December 2001.

169 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

19 DEFERRED TAXATION

Group 2001 2000 RM’000 RM’000

At 1 January 12,421 12,421 Charged to income statement (Note 32) 1,200 –

At 31 December 13,621 12,421

There is no material timing differences of which deferred taxation has not been provided for in the financial statements.

20 REDEEMABLE BONDS

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

2% redeemable bank guaranteed bonds 240,000 240,000 240,000 240,000 Subordinated bonds 600,000 – – –

840,000 240,000 240,000 240,000

2% redeemable bank guaranteed bonds

During the financial year ended 31 December 1997, RM240,000,000 nominal amount of 2% 5-year redeemable bank guaranteed bonds with 54,403,401 detachable warrants were issued to the primary subscriber on a bought deal basis.

The 2% 5-year redeemable bank guaranteed bonds are constituted under Trust Deed dated 17 October 1997 and will be redeemed in full by the Company at their nominal value on 19 September 2002. The interest on the bonds of 2% per annum is payable annually in arrears.

The rights to allotment of 54,403,401 warrants were offered for sale by the primary subscriber at an offer price of RM1.13 per warrant, on the basis of one warrant for every ten ordinary shares in the Company held. Each warrant entitles its holder to the option to subscribe for one ordinary share of RM1.00 each in the Company at any time during the exercise period of five years commencing on the date of issue of warrants at a price of RM4.15 per ordinary share, respectively, subject to adjustment in accordance with the provisions of the Deed Poll.

The exercise period of the warrants 1997/2002 were extended to expire on 18 September 2007 upon approval by the relevant authorities and the shareholders of the Company.

The Company issued new ordinary shares by way of rights during the financial year ended 31 December 2000. Accordingly, the exercise price and the number of the 1997/2007 were revised to RM3.74 and 61,252,285 respectively, as required by the Deed Poll of the warrants.

170 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

20 REDEEMABLE BONDS (Continued)

Subordinated bonds

The subordinated Bonds 2001/2006 (“The Bond”) were issued by Affin Bank Berhad at a nominal of RM600 million in multiples of RM1,000,000, which is subordinated to all other liabilities. The Bonds were constituted by Trust Deeds dated 28 December 2001 and was issued on 31 December 2001. The Bonds are unsecured and redeemable in full five (5) years from the issue date. The nominal value and coupon rate of the bonds, payable semi-annually, are as follows:

Class A bonds Class B bonds

Value : RM500 million Value : RM100 million Coupon rate : 8% per annum for the period Coupon rate : 8.5% per annum eighteen months from the issue date and 7.3% per annum for the remaining period till maturity.

In respect of the Class A bonds, Affin Bank Berhad has undertaken to credit into a Sinking Fund Account, RM10,000,000 every month beginning from one month after the issue date till the maturity date. The monies in the Sinking Fund Account may only be used to fund the payment of any monies under the Trust Deed and/ or the Class A Bonds which is due and unpaid.

21 BORROWINGS

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Unsecured short term borrowings:

Revolving credit 240,000 50,000 200,000 – Bank overdraft – 651 – –

240,000 50,651 200,000 –

Unsecured long term borrowings:

Term loan 430,000 430,000 430,000 430,000 Advances from shareholder of a subsidiary 2,250 15,075 – –

432,250 445,075 430,000 430,000

672,250 495,726 630,000 430,000

The unsecured short term borrowings of the Group and Company bear interest at the rate ranging from 4.4% to 4.9% (2000: 7.1% to 7.7%) per annum.

Advances from shareholder of a subsidiary

The advances from shareholder of a subsidiary is unsecured, interest free and have no fixed terms for repayment.

171 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

21 BORROWINGS (Continued)

Term loan

The unsecured term loan of the Group and Company carries interest rates ranging from 7.6% to 7.9% (2000: 7.5% to 8.0%) per annum and is repayable as follows from the end of the financial year ended 31 December 2001:

Group and Company 2001 2000 RM’000 RM’000

Not later than 2 years 30,000 – 2 years to 5 years 200,000 230,000 Above 5 years 200,000 200,000

430,000 430,000

22 SHARE CAPITAL

Authorised: Ordinary shares of RM1 each 5,000,000 5,000,000

Issued and fully paid: Ordinary shares of RM1 each 922,656 922,656

23 RESERVES

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Distributable: Retained profits 11,632 372,584 34,899 27,536

Non-distributable: Statutory reserve 88,513 397,518 – – Currency translation reserve 2,688 2,707 – –

102,833 772,809 34,899 27,536

(a) The statutory reserve of the Group are maintained in compliance with the provisions of the Banking and Financial Institutions Act, 1989 and is not distributable as cash dividends.

(b) As at 31 December 2001, the Company has sufficient tax credit under Section 108 of the Income Tax Act, 1967 and tax exempt income under Section 12 of the Income Tax (Amendment) Act, 2000 (subject to agreement with the tax authorities) to frank the payment of dividends out of its entire retained profits without incurring additional taxation.

172 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

24 INTEREST INCOME

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Loans, advances and financing 1,755,701 1,286,624 – – Money at call and deposits with financial institutions 92,014 69,301 8,675 8,007 Dealing securities 3,224 3,222 – – Investment securities 130,153 157,658 14,000 14,000

1,981,092 1,516,805 22,675 22,007 Accretion of discount less amortisation of premium 58,279 61,494 – – Net interest suspended (402,509) (191,839) – –

1,636,862 1,386,460 22,675 22,007

25 INTEREST EXPENSES

Group 2001 2000 RM’000 RM’000

Deposits and placements of banks and other financial institutions 72,110 56,364 Deposits from other customers 659,871 497,603 Others 79,539 70,666

811,520 624,633

26 ISLAMIC BANKING INCOME

Group 2001 2000 RM’000 RM’000

Financing income from Islamic Banking 170,751 89,792 Other fee and income 9,721 7,112 Financing expenses (93,210) (59,705)

87,262 37,199

Less: Profit suspended (1,624) (5,056)

85,638 32,143

173 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

27 NON-INTEREST INCOME

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Fee income:

- Fees on loans, advances and financing 2,052 4,445 – – - Portfolio management fees 1,630 – – – - Corporate advisory fees 3,307 6,816 – – - Commission 51,216 89,672 – – - Service charges and fees 29,858 23,533 – – - Guarantee fees 23,923 21,045 – – - Other fee income 16,067 2,046 – –

128,053 147,557 – –

Investment income:

- Gain on sale of investment securities 40,513 11,769 – – - Net trading income from money market instruments 32,184 18,299 – – - Gain on sale of dealing securities 4,705 11,019 – –

Gross dividends:

- Dealing securities 22 123 – – - Investment securities 1,827 551 – – - Subsidiaries – – 51,333 28,600

79,251 41,761 51,333 28,600

Other income:

- Foreign exchange gain/(loss) - realised 8,258 21,111 – – - unrealised 14,767 (5,089) – – - Rental income 5,665 7,587 – – - Gain on disposal of fixed assets 908 337 – – - Surplus on realisation of assets of subsidiary 313 – – – - Other non-operating income 11,298 5,177 – 26

41,209 29,123 – 26

248,513 218,441 51,333 28,626

174 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

28 OVERHEAD EXPENSES

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Personnel costs 269,798 200,823 394 306 Establishment costs 188,011 125,924 149 115 Marketing expenses 38,608 37,361 – – Administration and general expenses 115,360 85,801 4,711 5,411

611,777 449,909 5,254 5,832

The above expenditure includes the following statutory disclosures:

Directors’ remuneration (see note 29) 945 908 95 80 Rental of premises 39,524 29,300 – – Hire of equipment 3,372 1,674 – – Retirement benefits charge 2,080 3,756 – – Auditors’ remuneration - statutory audit 804 608 40 40 - others 238 7 – – Depreciation of fixed assets 77,489 56,967 1 2 Dealers’ commission 17,738 14,092 – – Fixed assets written off 6,156 77 – – Loss on dilution of interest in subsidiary 4,114 – – – Amortisation of deferred expenses 221 261 221 261 Deferred expenses written off – 8,421 – –

29 DIRECTORS REMUNERATION

The aggregate amount of emoluments receivable by directors of the Company during the financial year were as follows:

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Non-executive Directors - fees 90 75 80 65 - other allowances 86 86 – –

Executive Directors - fees 119 110 15 15 - basic salaries and bonus 520 524 – – - retirement gratuity 66 66 – – - other allowances 64 47 – – - estimated money value of benefits-in-kind 17 28 – –

962 936 95 80

175 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

30 LOAN AND FINANCING LOSS AND PROVISION

Group 2001 2000 RM’000 RM’000

(Write back of)/provision for bad and doubtful debts and financing: - specific provision (net) 1,037,383 426,884 - general provision (76,057) 66,225

Bad debts: - written off 21,861 24,560 - recovered (71,989) (19,528)

Provision on amounts recoverable from Danaharta 50,862 31,196

Provision for diminution in value of investment securities 48,339 62,820 (Write-back of)/provision for doubtful debts - other debtors (2,130) 12,639

1,008,269 604,796

31 FINANCE COST

Finance cost relates to interest expense on bonds payable, short term and long term borrowings of the Group and of the Company.

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Bonds payable 4,800 4,800 4,800 4,800 Term loan 33,894 28,767 33,894 28,767 Revolving credit 8,390 19,861 5,048 15,345 Bank overdraft 66 179 – –

47,150 53,607 43,742 48,912

32 TAXATION

The taxation charge arising in Malaysia for the financial year: Current taxation 56,782 36,458 11,006 3,215 Deferred taxation (Note 19) 1,200 – – – Write-off from deferred taxation benefit – 1,460 – –

57,982 37,918 11,006 3,215 Over provision in prior years (31) (13,856) – (12,589)

57,951 24,062 11,006 (9,374)

176 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

32 TAXATION (Continued)

The effective tax rate of the Company and certain subsidiaries of the Group with tax charge during the financial year is higher than the statutory tax rate as certain expenses are not deductible for tax purposes.

As at 31 December 2001, subject to agreement with the tax authorities, the Group has unabsorbed losses of RM893,195,000 (2000: RM294,349,000) and unutilised capital allowances of approximately RM82,744,000 (2000: RM50,368,000) which can be used to offset future taxable profit. However, in connection with the merger of Affin Finance Berhad (‘AFB’) business with Affin-ACF Finance Berhad (‘AACF’) effective from 3 January 2000, 50% of the unabsorbed losses of AFB amounting to approximately RM14,949,000 can be carried forward into the merged entity, AACF and can be used to off-set future tax payable of approximately RM4,186,000 of AACF, subject to agreement with the tax authorities.

33 DIVIDENDS

Group and Company 2001 2000 RM’000 RM’000

Proposed final:

1 sen (2000: 1 sen) gross per share, less income tax at 28% (2000: 28%) 6,643 6,643

34 LOSS PER SHARE

The basic loss per share of the Group has been calculated based on loss for the financial year of RM663,314,000 (2000: RM100,808,000) divided by 922,656,000 (2000: the weighted average of 709,021,869) ordinary shares in issue during the financial year.

The Company has warrants convertible to ordinary shares which are dilutive potential ordinary shares. Based on the requirements of MASB 13, conversion of warrants is considered dilutive when they would result in the issue of new ordinary shares for less than the market value of the shares. As the current exercise price of the warrants is higher than the market value of the ordinary share, there is no dilution in the earnings per share.

35 SIGNIFICANT ACQUISITIONS DURING THE FINANCIAL YEAR

During the financial year ended 31 December 2001, the Company and Affin Bank Berhad (‘ABB’), a wholly owned subsidiary of the Company completed the acquisition of certain assets and liabilities of BSNC and the entire equity interest in BSNMB.

The acquisition of certain assets and liabilities of BSNC for a total purchase consideration of RM339.0 million was satisfied by cash payment of RM67.8 million and the balance will be satisfied by an issue of 96.9 million new ordinary shares of the Company at an issue price of RM2.80 per share. The acquisition of the entire equity interest in BSNMB for a total purchase consideration of RM32.9 million will be satisfied by an issue of 11.8 million new ordinary shares of the Company at RM2.80 per share.

The assets and liabilities acquired from BSNC and all the assets and liabilities of BSNMB were vested with ABB on 1 January 2001 and 8 January 2001 respectively. Subsequent to the vesting, BSNMB surrendered its banking licence and transferred its assets and liabilities except for non-performing loans to ABB.

177 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

35 SIGNIFICANT ACQUISITIONS DURING THE FINANCIAL YEAR (Continued)

On 14 March 2002, the Company announced that the vendor and the Company has agreed in principal to a settlement whereby the purchase consideration for certain assets and liabilities of BSNC was reduced to RM148.3 million, after exercising the warranty claim. As a result of exercising the warranty claim, ABB is required to assign bad or doubtful debts amounting to RM101.7 million to BSNC or its nominee as disclosed in Note 37(c)(ii) to the financial statements. The revised purchase consideration for BSNC of RM148.3 million was satisfied by cash payment of RM67.8 million and the balance to be satisfied by an issue of 60.5 million new ordinary shares of the Company at an issue price of RM1.33 per share.

On 3 January 2002, the Company and the vendor entered into a ‘Supplemental and Transfer Business Agreement’ whereby the purchase consideration for the entire equity interest in BSNMB was reduced to RM20.1 million to be satisfied by an issue of 7.2 million new ordinary shares of the Company at RM2.80 per share. The purchase consideration of 7.2 million ordinary shares of the Company have been recorded in the books of the Company at RM1.33 per share, which represents the fair value of the Company’s share at the date of completion of the acquisition.

As of to date, the shares of the Company have yet to be issued to the vendor of BSNC and BSNMB, and is disclosed as ‘Payables on acquisition of subsidiary and assets and liabilities’ under ‘Other liabilities’ in Note 18 to the financial statements.

Acquisition of BSN Finance Berhad (‘BSNF’)

During the financial year ended 31 December 2000, ACF Holdings Berhad (‘ACFHB’) and Affin-ACF Finance Berhad (‘AACF’) completed the acquisition of the entire equity interest in BSNF.

The acquisition of the entire equity interest in BSNF for a total purchase consideration of RM85.7 million was satisfied by the issue of 69.1 million new ordinary shares of ACFHB at an issue price of RM1.24 per share.

The finance company business, assets and liabilities of BSNF were vested with AACF on 4 January 2001.

The effect of the acquisitions on the financial results of the Group during the financial year are shown below:

Financial year ended 31.12.2001 RM’000

Interest income 3,665 Interest expense (81)

Net interest income 3,584

Non-interest income 1,214

Net income 4,798 Overhead expenses (6,769)

Operating loss before loan loss and provisions (1,971) Loan loss and provisions (1,167)

Profit before taxation and zakat (3,138)

Taxation 508

Increase in Group net loss (2,630)

178 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

35 SIGNIFICANT ACQUISITIONS DURING THE FINANCIAL YEAR (Continued)

The effect of the acquisitions on the financial position at the financial year end is as follows:

31.12.2001 RM’000

ASSETS

Cash and short term funds 104 Deposits and placements with financial institutions 1,500 Investment securities 227 Loans, advances and financing 72,295 Other assets 10,474 Fixed assets 77

Total assets 84,677

LIABILITIES

Other liabilities 32,920

Total liabilities 32,920

Increase in Group net assets 51,757

Details of net assets acquired, goodwill and cash flow arising from the acquisitions are as follows:

At date of acquisitions RM’000

Cash and short term funds 742,960 Deposits and placements with financial institutions 228,220 Dealing securities 15,428 Investment securities 1,012,590 Loans and advances 5,362,367 Statutory deposits with Bank Negara Malaysia 268,375 Investment in associate 30 Fixed assets 64,684 Other assets 121,100 Deposits from customers (5,740,392) Deposits of banks and other financial institutions (1,533,196)

179 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

35 SIGNIFICANT ACQUISITIONS DURING THE FINANCIAL YEAR (Continued)

At date of acquisitions RM’000

Bills and acceptances payable (349,598) Other liabilities (223,496)

Net liabilities acquired (30,928) Goodwill on acquisition 275,825

Total purchase consideration 244,897

Less: Consideration discharged/to be discharged by the issue of shares (85,957)

Consideration discharged by cash and dilution of Group interest in subsidiary 158,940 Less: Cash, short term funds and deposits acquired (742,960)

Net cashflow on acquisition of subsidiaries and certain assets and liabilities of BSNC (584,020)

36 CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Cash and short term funds 2,323,441 2,091,160 208,325 330,499 Adjustment for money held in trust on behalf of clients and remisiers (6,969) (988) – –

2,316,472 2,090,172 208,325 330,499

37 COMMITMENTS AND CONTINGENCIES

Group 2001 2000 RM’000 RM’000

(a) Capital commitments:

Authorised capital expenditure contracted but not provided for 62,622 58,768 Capital expenditure approved by the Board but not contracted for 31,612 8,398

94,234 67,166

Analysed as follows:

Fixed assets 94,234 67,166

180 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

37 COMMITMENTS AND CONTINGENCIES (Continued)

(b) Lease commitments:

The commercial bank and finance company sub-groups have lease commitments in respect of rented premises and hired equipment, all of which are classified as operating leases. A summary of the non- cancellable long-term commitments, net of sub-leases is as follows:-

Year RM’000

2002 79,792 2003 57,327 2004 35,537 2005 17,403

The lease figures represent minimum rentals not adjusted for operating expenses which the sub-group is obligated to pay. These amounts are insignificant in relation to the minimum lease obligations. In the normal course of business, leases that expire will be renewed or replaced by leases on other properties, thus it is anticipated that future minimum lease commitments will not be less than rental expenses for 2001.

(i) In the normal course of the commercial, finance and merchant banking businesses, the subsidiaries make various commitments and incur certain contingent liabilities with legal recourse to their customers. No material losses are anticipated as a result of these transactions.

Group 2001 2001 2000 2000 Credit Credit Principal equivalent Principal equivalent amount amount* amount amount* RM’000 RM’000 RM’000 RM’000

Interest rate related contracts - less than one year 1,409,600 651 139,000 7,133 - one year to less than five years 2,819,950 63,281 621,400 10,694 - five years and above 11,400 570 36,400 684 Foreign exchange related contracts - less than one year 1,005,376 11,429 3,833,516 65,287 Underwriting commitments 525,185 262,593 1,508,500 754,250 Direct credit substitutes 807,906 807,906 1,070,536 1,070,536 Certain transaction-related contingent items 1,546,829 773,415 1,594,143 797,072 Short term self-liquidating trade related contingencies 3,330,700 666,140 2,012,718 402,504

181 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

37 COMMITMENTS AND CONTINGENCIES (Continued)

Group 2001 2001 2000 2000 Credit Credit Principal equivalent Principal equivalent amount amount* amount amount* RM’000 RM’000 RM’000 RM’000

Irrevocable commitments to extend credit: - maturity more than one year 2,058,104 1,029,052 1,416,531 708,266 - maturity less than one year 6,463,344 – 3,079,870 – Guarantees 199,608 199,608 374,650 374,650 Al-Kafalah 16,768 16,768 16,898 16,898 Endorsement of Bankers’ Acceptance 15,013 7,507 – –

20,209,783 3,838,920 15,704,162 4,207,974

* The credit equivalent amount is arrived at using the credit equivalent factor as per Bank Negara Malaysia guidelines.

Other commitments and contingencies arose from the ordinary business of the banking subsidiaries. Hence, the contingent liabilities of the Group are unsecured.

The foreign exchange and interest rate related contracts are made up as follows:

Group 2001 2001 2000 2000 Credit Credit Principal equivalent Principal equivalent amount amount* amount amount* RM’000 RM’000 RM’000 RM’000

Foreign exchange contracts - forward and futures contracts 1,005,376 11,429 3,833,516 65,287 Interest rate contracts - forward and futures contracts 1,856,000 – 445,000 – - swaps 2,384,950 64,502 351,800 18,511

Foreign exchange and interest rate related contracts are subject to market risk and credit risk.

182 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

37 COMMITMENTS AND CONTINGENCIES (Continued)

Market risk

Market risk is the potential change in value caused by movement in market rates or prices. The contractual amounts stated above provide only a measure of involvement in these types of transactions and do not represent the amounts subject to market risk. Exposure to market risk may be reduced through offsetting on and off- balance sheet positions. As at end of 2001, the notional amount of foreign exchange exposure which were not hedged and hence, exposed to market risks was RM3.9 million (2000: RM5.0 million), while the notional amount of interest rate exposures in Klibor futures equivalent terms was RM208.4 million (2000: RM11.0 million).

Credit risk

Credit risk arises from the possibility that a counterparty may be unable to meet the terms of a contract in which the commercial bank subsidiary has a gain position. As at end of 2001, the amounts of foreign exchange and interest rate credit risk, measured in terms of the cost to replace the profitable contracts, were RM11.4 million (2000: RM60.0 million) and RM64.5 million (2000: RM17.8 million) respectively. This amount will increase or decrease over the life of the contracts, mainly as a function of maturity dates and market rates or prices.

(ii) Pursuant to clause 2.1.5 of the Acquisition of Business Agreement between the Company, ABB and the vendor of BSNC and BSNMB, BSNC and the vendor undertakes to ABB that debts other than those reflected as bad or doubtful debts in the audited financial statements of BSNC will be recoverable in the ordinary course of business. For the debts not recoverable, BSNC undertakes to pay ABB within 30 days from the date of receipt of the Bank’s letter of demand, the amounts claimed subject to a limit of 30% of the purchase price.

On 6 April 2001, ABB exercised the warranty and issued a letter of demand for RM101.6 million, equivalent to 30% of the original purchase price of RM338.9 million as a result of doubtful or bad debts arising during the year. Arising from the above, ABB is now required to reassign all the rights and benefits to the said bad or doubtful debts to BSNC or its nominee.

As at the date of the financial statements, ABB has yet to comply with this requirement. As the bad or doubtful debts would have been fully provided or written-off, the directors are of the opinion that there would not be any material financial impact on ABB and the Group.

38 LITIGATION AGAINST THE GROUP

There are legal suits against the commercial bank subsidiary in respect of counter claims of approximately RM32.6 million (2000: RM22.1 million). Based on legal advice, the directors of the commercial bank subsidiary are of the opinion that no provisions for damages need to be made in the financial statements as the probability of adverse adjudication against the commercial bank subsidiary is remote.

183 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

39 SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES

The related parties of and their relationship with the Group and Company are as follows:

Related parties Relationship

Lembaga Tabung Angkatan Tentera Holding and ultimate holding corporate body

Subsidiaries of the Company as disclosed in Note 8 Subsidiaries

Boustead Holdings Berhad Subsidiary of ultimate holding corporate body

Associates of the Company as disclosed in Note 9 Associates

In the normal course of business, the Group and the Company undertakes various transactions with its ultimate holding company and related companies, being subsidiaries of Lembaga Tabung Angkatan Tentera (‘LTAT group’).

In addition to related party disclosures mentioned elsewhere in the financial statements, set out below are other significant related party transactions and balances. The related party transactions described below were carried out on terms and conditions obtainable in transactions with unrelated parties unless otherwise stated. Interest rates on fixed and short term deposits were at normal commercial rates.

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

INCOME

Brokerage fee income from LTAT group 1,253 4,638 – – Other fee income from LTAT group – 40 – – Commission income from associate 779 226 – –

EXPENDITURE

Interest expense paid to ultimate holding corporate body 6,113 13,164 – –

Rental of premises paid to ultimate holding corporate body 1,438 1,448 – –

Rental of premises paid to Boustead Holdings Behad 9,636 9,636 – –

Islamic Banking income paid to ultimate holding corporate body 854 3,158 – –

Administrative and general expense paid to LTAT group 39 – – –

184 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

39 SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES (Continued)

Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000

Interest expense paid to associate 1,000 718 – –

Insurance premium paid to associate 8,807 4,844 – –

AMOUNT DUE FROM

Rental deposits with ultimate holding corporate body 360 350 – –

Rental deposits with Boustead Holdings Berhad 2,409 2,409 – –

AMOUNT DUE TO

Short term:

LTAT group

- Short term deposits 133,000 257,300 – – - Current account 49,444 6,317 – – - Interest payable 4 1,025 – – - Fixed deposits 22,000 11,500 – – - Other payables 5,137 – 13 –

Associates

- Bank balances 4,708 3,029 – – - Fixed deposits 41,400 27,700 – – - Interest payable 189 35 – – - Premium payable 1,279 842 – –

Long term:

LTAT group

- Fixed deposits 1,630 1,330 – –

Associates

- Fixed deposits 10,000 5,000 – –

185 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

40 SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR

Proposed acquisition of Amsteel Securities (M) Sdn Bhd (‘AmsteelSec’)

On 14 December 2000, Affin-UOB Holdings Sdn Bhd (‘AUOBH’), a 55% owned subsidiary of the Company entered into a conditional Sale Agreement (‘Agreement’)with the shareholders of AmsteelSec for the proposed acquisition of the entire issued and paid-up share capital of AmsteelSec comprising 185 million ordinary shares of RM1.00 for a purchase consideration of RM285 million to be satisfied in cash. Pursuant to the Agreement, AUOBH is required to place a refundable deposit amounting to RM28.5 million with the stakeholder identified in the Agreement. During the financial year, the Agreement has been terminated due to non-fulfillment of the conditions precedent as contained in the Agreement. The deposit of RM28.5 million was refunded to AUOBH.

On 28 January 2002, AUOBH entered into a new Sale and Purchase Agreement (‘S&P Agreement’) with AmsteelSec for the proposed acquisition of the stockbroking business and certain assets of AmsteelSec for a purchase consideration of RM42.3 million to be satisfied in cash. Pursuant to the S&P Agreement, AUOBH has paid the deposit of RM4.3 million to the stakeholder identified in the S&P Agreement. The balance of the purchase consideration of RM38.0 million will be paid upon completion.

Proposed acquisition of EON-CMG Life Assurance Berhad (‘EON-CMG’)

On 17 July 2001, the Company announced the proposed acquisition of the entire equity interest in EON-CMG, jointly with AXA Asia Pacific Holdings Limited. The negotiation for the proposed acquisition was terminated subsequent to the financial year ended 31 December 2001.

41 SEGMENT ANALYSIS

The segment analysis of the Group by activity in 2001 and 2000 are as follows:

Profit/(Loss) Operating before Assets revenue taxation employed 2001 RM’000 RM’000 RM’000

Investment holding 180 (35,879) 684,678 Commercial banking 1,128,510 (738,258) 20,070,093 Merchant banking 140,750 27,079 1,897,827 Finance, leasing and factoring 550,619 112,558 6,271,297 Discount house and money-broking 114,736 59,321 2,164,056 Securities and asset management 30,182 (7,413) 138,899 Insurance 6,036 3,234 29,724

1,971,013 (579,358) 31,256,574 Associates – 8,103 48,641

1,971,013 (571,255) 31,305,215

186 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

41 SEGMENT ANALYSIS (Continued)

The segment analysis of the Group by activity in 2001 and 2000 are as follows:

Profit/(Loss) Operating before Assets revenue taxation employed 2000 RM’000 RM’000 RM’000

Investment holding 683 (48,789) 679,042 Commercial banking 903,911 (97,683) 15,809,610 Merchant banking 128,149 (105,306) 2,056,422 Finance, leasing and factoring 421,946 75,539 4,791,843 Discount house and money-broking 120,267 70,803 1,758,176 Securities and asset management 57,319 6,860 36,391 Insurance 4,769 2,675 22,514

1,637,044 (95,901) 25,153,998 Associates – (462) 37,563

1,637,044 (96,363) 25,191,561

The Group’s activities are principally conducted in Malaysia and accordingly, no information on the Group’s operations by geographical segments has been provided.

42 COMPARATIVES

Comparative figures have been reclassified or extended to comply with the additional disclosure requirements of the 3 new MASB Standards issued by the Malaysian Accounting Standards Board and Bank Negara Malaysia guidelines that are applicable for the financial year ended 31 December 2001.

Based on BNM’s circular dated 31 July 2001 on Accounting Treatment For Loans Sold To Cagamas with Recourse, loans sold to Cagamas Berhad (‘Cagamas’) with recourse will no longer be deducted from gross loans, advances and financing. Proceeds from the sale of the loans are to be reclassified to the ‘liability side’ of the balance sheet. Thus, the following amount has been added on to loans, advances and financing, reclassified as amount due to Cagamas and removed from commitments and contingencies:

2000 RM’000

Loans sold to Cagamas 535,196

187 AFFIN HOLDINGS BERHAD Notes to the Financial Statements (Continued)

42 COMPARATIVES (Continued)

Interest income received from the loans and subsequently paid to Cagamas should no longer be recognised on a net basis as ‘non-interest income’ and should be recognised on a gross basis as ‘interest income’ and ‘interest expense’ respectively. As such, the following amounts have been reclassified from non-interest income to interest income and interest expense respectively.

2000 RM’000

Interest income 17,518 Interest expense 9,124

There are no changes in accounting policy that affect net profit/(loss) for the financial year as a result of the adoption of the above standards and guidelines in these financial statements.

188 AFFIN HOLDINGS BERHAD STATEMENT by Directors pursuant to Section 169(15) of the Companies Act, 1965

We, Dato’ Lodin bin Wok Kamaruddin and Maj. Gen. (R) Dato’ Mohamed Isa Bin Che Kak, two of the directors of Affin Holdings Berhad, state that, in the opinion of the directors, the financial statements set out on pages 136 to 188 are drawn up so as to give a true and fair view of the state of affairs of the Group and of the Company as at 31 December 2001 and of the results and cash flows of the Group and of the Company for the financial year ended on that date in accordance with the applicable approved accounting standards in Malaysia, Bank Negara Malaysia Guidelines and the provisions of the Companies Act, 1965.

In accordance with a resolution of the Board of Directors dated 26 April 2002.

DATO’ LODIN BIN WOK KAMARUDDIN MAJ. GEN. (R) DATO’ MOHAMED ISA BIN CHE KAK Director Director

Kuala Lumpur

STATUTORY Declaration pursuant to Section 169(16) of the Companies Act, 1965

I, Syed Sabeer Ali bin Ahmed Khan, the person primarily responsible for the financial management of Affin Holdings Berhad, do solemnly and sincerely declare that the financial statements set out on pages 136 to 188 are, to the best of my knowledge and belief correct and I make this solemn declaration conscientiously believing the same to be true and by virtue of the provisions of the Statutory Declarations Act, 1960.

SYED SABEER ALI BIN AHMED KHAN

Subscribed and solemnly declared by the abovenamed Syed Sabeer Ali bin Ahmed Khan at Kuala Lumpur in Malaysia on 26 April 2002, before me.

ZAINALABIDIN BIN NAN No: W316 COMMISSIONER FOR OATHS

189 AFFIN HOLDINGS BERHAD REPORT of the Auditors to the Members of Affin Holdings Berhad (Company No.: 23218W)

We have audited the financial statements set out on pages 136 to 188. These financial statements are the responsibility of the Company’s directors. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with approved auditing standards in Malaysia. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by directors, as well as evaluating the overall financial statements presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion:

(a) the financial statements have been prepared in accordance with the provisions of the Companies Act, 1965, applicable approved accounting standards in Malaysia and Bank Negara Malaysia guidelines so as to give a true and fair view of:

(i) the matters required by Section 169 of the Companies Act, 1965 to be dealt with in the financial statements; and

(ii) the state of affairs of the Group and of the Company as at 31 December 2001 and of the results and cash flows of the Group and Company for the financial year ended on that date; and

(b) the accounting and other records and the registers required by the Act to be kept by the Company and by the subsidiaries of which we have acted as auditors have been properly kept in accordance with the provisions of the Act.

The names of the subsidiaries of which we have not acted as auditors are indicated in Note 8 to the financial statements. We have considered the financial statements of these subsidiary companies and the auditors’ reports thereon.

We are satisfied that the financial statements of the subsidiaries that have been consolidated with the Company’s financial statements are in form and content appropriate and proper for the purposes of the preparation of the consolidated financial statements and we have received satisfactory information and explanations required by us for those purposes.

The auditors’ reports on the financial statements of the subsidiaries were not subject to any qualification and did not include any comment made under subsection (3) of Section 174 of the Act.

PRICEWATERHOUSECOOPERS (No. AF: 1146) Chartered Accountants

DATO’ AHMAD JOHAN BIN MOHAMMAD RASLAN (No. 1867/9/02 (J)) Partner of the firm

Kuala Lumpur 26 April 2002

190 AFFIN HOLDINGS BERHAD PARTICULARS of Properties

Details or the Group’s main properties as at 31 December 2001 are as follows:-

Approx. Net Description/ Age of Book Existing Site Area Buildings Value Title/Lot No. Location Use Tenure (Sq. ft.) (Years) (RM)

HS (D) 4504 & 4502 No. 100 & 101 2 units 3 storey Leasehold Land - 4,030 19 288,745.53 Lot 3 & 4 Town of Taman Melaka Raya shopoffice/ (99 years) Built-up - 12,000 Melaka District of Jalan Parameswara Branch Premises Exp: 2075 Melaka Tengah 75000 Melaka

HS (D) 12930 & 12931 No. 5 & 7, 2 units 2 storey Freehold Land - 3,520 14 763,923.54 MLO 7278 & 7279 Jalan Perisai shopoffice/ Built-up - 6,776 Mukim of Plentong Taman Sri Tebrau Branch Premises District of Johor Bahru 80050 Johor Bahru Johor Darul Takzim

HS (D) 5217 No. 1, Jalan Berangan 1 unit 4 storey Freehold Land - 3,000 20 606,774.02 PT 90 (Sec 1) 42008 Port Klang shopoffice/ Built-up - 12,768 Port Klang Selangor Darul Ehsan Branch Premises District of Klang

HS (D) 1075/80 & No. 1, Jalan SMIC/5 2 units 2 storey Leasehold Land - 4,688 19 147,569.92 1076/80 PT 3965 & Bandar Baru Sri shopoffice (99 years) Built-up - 6,160 3966, Mukim of Manjung Sitiawan, Exp: 2079 Setiawan District of Perak Darul Ridzuan Dinding

HS (D) 3304 & 9274 No. 11 & 13, 2 units 3 storey Freehold Land - 3,480 13 348,377.52 Lot 1856 & 1857 Jalan Kampar shopoffice/ Built-up - 10,320 District of Kinta 30250 Ipoh Branch Premises Perak Darul Ridzuan

HS (D) 892 No. 1, 1 unit 3 1/2 storey Freehold Land - 3,367 10 683,236.60 PT 6727/24 Jalan Tun Dr. Ismail shopoffice/ Built-up - 12,800 Mukim of P.O. Box 354 Branch Premises Kuala Kuantan 24740 Kuantan District of Pahang Darul Makmur Kuantan

HS (D) 12930 & No. 41, Jalan 1 unit 2 storey Freehold Land - 2,607 11 276,481.94 12931 MLO 7278 & Bakawali 35 shopoffice/ Built-up - 5,614 7279 Mukim of Taman Johor Jaya Branch Premises Plentong District of 81100 Johor Bahru, Johor Bahru Johor Darul Takzim

HS (M) 6367, Nadi Kota, Single storey/ Leasehold Land - 20,056 11 570,228.78 PT 7485 Mukim of Bandar Pusat Jengka detached building/ (99 years) Built-up - 2,500 Chenor District of 26400 Jengka, Branch Premises Exp: 2091 Maran Pahang Darul Makmur

Lot 223, Sec 11 223/224, Jalan Satok 2 units 4 storey Freehold Land - 4,659 10 999,953.10 Lot 224, Sec 11 KLTD, 93400 Kuching shopoffice/ Built-up - 11,858 Kuching Town Land Sarawak Branch Premises

191 AFFIN HOLDINGS BERHAD Particulars of Properties (Continued)

Approx. Net Description/ Age of Book Existing Site Area Buildings Value Title/Lot No. Location Use Tenure (Sq. ft.) (Years) (RM)

Title 12000 PT 7804 No. 72 Jalan Kebun Single storey/ Freehold Land - 8,140 11 157,930.65 District of Johor Bahru Teh, Johor Bahru Bungalow/ Built-up - 4,757 Johor Darul Takzim Branch Manager’s Residence

Title 2624 Lot 97 No. 5132 Jalan Single storey Leasehold Land - 9,311 14 122,054.63 Sek 11 Town of Dato’ Pelambang Bungalow/ (60 years) Built-up - 1,712 Bukit Baru District of Bukit Baru, Melaka Branch Manager’s Exp: 2055 Melaka Tengah Residence

HS (D) 10842 & No. 211 & 213 2 units 4 storey Leasehold Land - 3,968 13 5.00 10843 PT 266 & 267 Jalan Perkasa 1 shopoffice/ (99 years) Built-up - 15,872 Mukim of Ampang Taman Maluri, Bank Premises Exp: 2076 District of Cheras (Banking School) Kuala Lumpur 55100 Kuala Lumpur

TL 107526054 Lot 3A Lot 3A & 3B 2 storey/ Leasehold Land - 6,670 9 304,096.60 TL 107526053 Lot 3B Taman Emas 2, bungalow house (999 years) Built-up - 2,007 District of Tawau Batu 2 Jalan Sin Branch Manager’s Exp: 2912 Onn Tawau, Sabah Residence

HS (M) 12950 No. A715B 2 storey/ Freehold Land - 6,996 9 191,484.34 PT 16732 Mukim of Lorong Tok Sira 13 bungalow house/ Built-up - 2,868 Kuala Kuantan Taman Datin Branch Manager’s District of Kuantan Mahanum, Kuantan Residence Pahang Darul Makmur

Title 12236 Lot 1676 Lot 1676 Single storey/ Freehold Land - 6,996 19 119,340.02 Mukim of & District of Jalan Koh Kee Kah bungalow house/ Built-up - 2,868 Port Dickson Taman Koh Kee Kah Branch Manager’s 71000 Port Dickson Residence Negeri Sembilan Darul Khusus

HS (D) 39216 K1, Nos. 1A, B & C 3 storey + Leasehold Land - 3, 900 7 1,736,870.45 PT 2068 Mukim of & Jalan TK 1/11A Basement (99 years) Built-up - 15,600 District of Petaling Taman Kinrara, shopoffice/ Exp: 2091 Seksyen 1, 47100 Puchong Bank Premises Selangor Darul Ehsan

P.M. No. 389 No. 52 Perumahan 2 storey/ Leasehold Land - 3, 843 7 117,684.02 Lot No. 6834 Mukim Lot 144 Gong Limau, bungalow house/ (99 years) Built-up - 2,200 of Chukai District Kemaman, Branch Manager’s Exp: 2082 of Kemaman Terengganu Residence

HS (D) 11547/ Nos. 11 & 11A 5 storey Freehold Land - 3,261 5 1,454,556.98 11548 PT 15727/ Jalan Memanda 7/1 shopoffice/ Built-up - 5,658 15728 Mukim of Off Jalan Ampang Bank Premises Ampang 68000 Ampang Selangor Darul Ehsan

192 AFFIN HOLDINGS BERHAD Particulars of Properties (Continued)

Approx. Net Description/ Age of Book Existing Site Area Buildings Value Title/Lot No. Location Use Tenure (Sq. ft.) (Years) (RM)

HS (D) 7570 & 7571 Plot 65 & 66 2 units 3 storey Freehold Land - 3,080 9 1,399,491.66 Lot 8552 & 8553 Taman Sri Tunas Muda shopoffice/ Built-up - 8,360 Mukim 12 District of 11950 Bayan Baru, Bank Premises Barat Daya Pulau Pinang

HS (D) 169672 PTD PTD 85558 2 storey/ Freehold Land - 3,200 9 185,974.80 85558 Mukim of Jalan Molek 2/17 Semi detached Built-up - 2,090 Plentong District of Taman Molek, Fasa 2 house/Branch Johor 81100 Johor Bahru Manager’s Johor Darul Takzim Residence

HS (D) 2874 & No. 503, Jalan Mersing 3 storey Freehold Land - 6,000 8 1,113,143.58 PTD 4161 Township 86000 Kluang shopoffice/ Built-up - 9,944 of Kluang District Johor Darul Takzim Bank Premises of Kluang

HS (D) 9406 Nos. 7 & 9 Jalan 2 Units 4 storey Freehold Land - 3,520 8 1,234,801.02 Lot 8226 & PT 4045 SS 15/8A Subang Jaya shopoffice/ Built-up - 9,944 HS (D) 9407 Lot 8227 47500 Petaling Jaya Bank Premises & PT 4046 Mukim of Selangor Darul Ehsan Damansara District of Petaling

HS (D) 67041 & 67042 No. 4 & 6 2 Units 3 storey Freehold Land - 4,659 10 4,259,763.02 PT 3479& 3480 Jalan Telawi 3 shopoffice/ Built-up - 11,858 Mukim of Kuala Lumpur Bangsar Baru Bank Premises & District of Wilayah Kuala Lumpur DRP Site Persekutuan

HS (M) 4961 PT 457 Nos. 2 & 3 Jalan Saga 2 Units 3 storey Freehold Land - 3,510 6 1.00 HS (M) 4962 PT 458 Taman Saga, shopoffice/ Built-up - 11,136 Mukim of Kajang Sungai Chua, Bank Premises District of Ulu Langat 43000 Kajang Selangor Selangor Darul Ehsan

HS (M) 195/ 89 Plot 0195 Single storey/ Freehold Land - 16,620 8 145,240.28 PT 10107 HS (M) 4962 Persiaran Cinta Sayang bunglow/ Built-up - 1,221 PT 458 Mukim of Taman Ria, Branch Manager’s Sg. Petani District of Sungai Petani Residence Kuala Muda Kedah Darul Aman

GM 2251 & 2252 No. 1317 & 1318 2 Units 3 storey Freehold Land - 2,390 6 653,605.10 Lots 3991 & 3992 Taman Sepakat shopoffice/ Built-up - 6,920 Mukim of & District of 13200 Kepala Batas Branch Premises Seberang Perai Utara Pulau Pinang

Town Lease Lot 19 & 20 Blok K, 2 Units 3 storey Leasehold Land - 2,780 8 2,381,343.68 No. 017541374 & Sadong Jaya Complex shopoffice/ (60 Years) Built-up - 10,144 01741383 Jalan Juara Ikan 3 Branch Premises Exp: 2046 Lots 82 & 83 Block K 88300 Kota Kinabalu Mukim of of Karamunsing District of Kota Kinabalu

193 AFFIN HOLDINGS BERHAD Particulars of Properties (Continued)

Approx. Net Description/ Age of Book Existing Site Area Buildings Value Title/Lot No. Location Use Tenure (Sq. ft.) (Years) (RM)

HS (D) 73618 & 73619 Lot 5733 & 5734 2 Units 3 storey Freehold Land - 3,600 7 894,405.06 PT 5733 & 5734 Jalan TS 2/1, shopoffice/ Built-up - 10,800 Mukim of Labu Taman Semarak, Branch Premises Mukim of Seremban Fasa 11, 71800 Nilai Negeri Sembilan Darul Khusus

PTD 112746 & 112747 Nos. 40 & 41 2 Units 2 storey Freehold Land - 2,800 6 688,003.06 Mukim of Plentong Pusat Perdagangan shopoffice/ Built-up - 4,327 District of Johor Bahru 81700 Pasir Gudang Branch Premises Johor Darul Takzim Johor Darul Takzim

HS (D) 71565 PT 338 No. 2 (26/25B) 1 unit 2 storey Freehold Land - 3,488 7 737,973.12 District of Petaling Jln Hujung Permatang shopoffice/ Built-up - 6,976 Mukim of Damansara Section 26 Branch Premises 40400 Shah Alam Selangor Darul Ehsan

PT 3636 HS (D)5167 No. 10 Jalan Todak 1 1 unit 4 storey Leasehold Land - 3,681 5 2,230,320.80 PT 3637 HS (D)5168 Pusat Bandar Seberang shopoffice/ (99 Years) Built-up - 13,716 Mukim of 1, District Seberang Jaya Branch Premises Exp: 2092 Seberang Perai 13700 Perai Tengah, Penang Pulau Pinang

Lots 2387 & 2388 Lots 2387 & 2388 2 Units 3 storey Leasehold Land - 3,190 5 1,120,069.68 Block 5 District of Miri Block A4 Boulevard shopoffice/ (60 Years) Built-up - 8,371 Centre Off Jalan Miri, Branch Premises Exp: 2050 98000 Pujut Sarawak

Precint 3.4, Precint 3.4, Pusat Affin Bank Berhad Freehold Land - 32,561 2 1,849,334.02 Pusat Bandar Shah Alam Bandar Shah Alam building/ Section 14 40450 Seksyen 14 Branch Premises Selangor Darul Ehsan

PT 48474 HS (D) 86046 No. 130 & 132 2 Units 3 storey Freehold Land - 5,138 7 1,860,811.68 PT 48475 HS (D) 86047 Jalan Rosmerah 2/17 shopoffice/ Built-up - 11,250 Mukim of Plentong Taman Johor Jaya For branch District of Johor Bahru Phase VI, relocation 81100 Johor Bahru Johor Darul Takzim

HS(D) 67774 & 67773 Nos. 47 & 49 2 Units 3 storey Freehold Land - 5,138 10 4,550,262.43 Lot 29427 & 29428 Jalan Tun Mohd Fuad 3 shopoffice/ Built-up - 11,250 Mukim of Kuala Lumpur Taman Tun Dr. Ismail Johor Jaya branch District of State of 60000 Kuala Lumpur Wilayah Persekutuan

S03 & S04 PT 72 Nos. 3 & 4, Jalan Aman 2 Units 3 storey Freehold Land - 3,532 5 1,310,960.72 HS (D) 7295 Mukim of Penambakan Laut shopoffice/ Built-up - 9,900 Port Dickson Bandar Port Dickson For branch 71009 Negeri Sembilan relocation Darul Khusus

194 AFFIN HOLDINGS BERHAD Particulars of Properties (Continued)

Approx. Net Description/ Age of Book Existing Site Area Buildings Value Title/Lot No. Location Use Tenure (Sq. ft.) (Years) (RM)

PT 100479 & PT 100480 Nos. 23 & 25 2 Units 4 storey Freehold Land - 3,840 8 2,226,846.64 Mukim of Plentong Jalan Permas 10/1 shopoffice/ Built-up - 16,227 District of Johor Bahru 81750 Permas Jaya Branch Premises Johor Darul Takzim

Lot 2631, Block No.2 Lots 2631 Pujut 7, Double storey Leasehold Land - 6,548 6 324,000.02 Miri Concession Land Pujut Lutong Road Miri, detached house/ (60 Years) Built-up - 2,276 Sarawak Sarawak Branch Manager’ Exp: 2055 Residence

PT 20871 & 20872 Nos. 1 & 3 Jalan 2 Units 3 storey Leasehold Land - 4,843 8 4,441,777.67 HS(D) 16878 & 16879 Pandan Indah 4/2 shopoffice/ (99 Years) Built-up - 16,227 Mukim of Ampang Pandan Indah Branch Premises Exp: 2087 District Ulu Langat 55100 Kuala Lumpur

Lot 1825, Block 10 Lot 1825, Block 10 Double storey Leasehold Land - 7,606 5 251,999.99 Kuching Central Lorong Green 1 bungalow/ (60 Years) Built-up - 2,500 Kuching Central Branch Manager’s Exp: 2038 Residence

HS (D) 807& 808 No. 55 & 57, 2 Units 4 storey Freehold Land - 4,779.2 15 1,773,589.68 PT 2592 & 2593 Taman Selat shopoffice/ Built-up - 13,760 District of Seberang Jalan Bagan Luar Branch Premises Perai Utara 12000 Butterworth Pulau Pinang

HS(D)624 & 625/1986 No. 1515, Lorong Padi 1 unit 4 storey Leasehold Land - 2,600 15 908,678.72 Lot 66 & 67, Sec. 5 85000 Alor Setar shopoffice/ (30 Years) Built-up - 7,800 District of Kota Setar Kedah Darul Aman Branch Premises Exp: 2025 Kedah

HS(M)2926 & 2925 No. 10 & 12 2 Units 3 storey Leasehold Land - 3,840 18 699,937.71 PT 21346 & 21345 Jalan Radin Tengah shopoffice/ (99 Years) Built-up - 11,520 Lot 66 & 67, Sec. 5 Bandar Baru Branch Premises Exp: 2078 Mukim of Petaling Seri Petaling District of W.P. 50770 Kuala Lumpur

HS(D) 16521 & 16496 No. 20 & 22 Jln 21/22, 2 Units 3 storey Freehold Land - 3,230 17 1,552,363.80 PT8192/1367 & Sea Park shopoffice/ Built-up - 9,750 PT 8912/1366 Mukim 46730 Petaling Jaya Branch Premises of Kuala Lumpur Selangor Darul Ehsan District of Petaling

Town Lease:107515432 No. TB 281, 282 & 283 3 Units 4 storey Leasehold Land - 6,720 17 1,630,202.83 Town Lease:107515441 Jalan Haji Karim shopoffice/ (999 Years) Built-up - 13,440 Town Lease:107515430 Town Extension 11 Branch Premises Exp: 2895 Mukim of Tawau 91008 Tawau, Sabah

HS(D) 3659 & 3662 Nos. 93A & 93B 2 Units 3 storey Freehold Land - 4,107 17 712,213.09 PT3227 & 3228 Jalan Rasah shopoffice/ Built-up - 8,400 District of Seremban 70470 Seremban Branch Premises Negeri Sembilan Darul Khusus

195 AFFIN HOLDINGS BERHAD Particulars of Properties (Continued)

Approx. Net Description/ Age of Book Existing Site Area Buildings Value Title/Lot No. Location Use Tenure (Sq. ft.) (Years) (RM)

Lot 42262 Mukim of Lot PT 42262 1 Units 4 storey Freehold Land - 2,780 5 2,160,016.89 Klang District of Klang Taman Bayu Perdana shopoffice/ Built-up - 11,116 Jalan Kem Chuan Klang Branch Premises

HS(D) 51461 & 51462 Bandar Sri Majalara 2 Units 4 storey Leasehold Land - 3,855 5 1,529,448.34 PT44519 & 44510 52100 Kepong Selangor shopoffice/ (49 Years) Built-up - 12,435 District of W.P Branch Premises Exp: 2077 Mukim of Batu

HS(D)4954 & 41955 Unit Nos. 8 & 9 Taming 2 Units 3 storey Freehold Land - 5,965 4 3,354,488.39 PT24178 & 24179 Permai Business Park shopoffice/ Built-up - 16,227 Mukim of Cheras Jalan Balakong Branch Premises District of Ulu Langat 43300 Selangor

Lots 175 & 176 Lots 175 & 176 2 adjacent lots Freehold Land - 3,304 4 1,933,302.25 Grant 6787 Phase 2 Langkawi Mall 3 storey shopoffice/ Built-up - 9,912 Mukim of Kuah 07000 Kuah Langkawi Branch Premises District of Langkawi Kedah State of Kedah

HS(D)193890 & 193891 Nos. 59 & 61 2 Units 2 storey Freehold Land - 3,080 5 1,180,055.62 PTD 55897 & 55898 Jalan Kebudayaan 4, shopoffice/ Built-up - 6,160 Mukim of Kulai Taman Universiti Branch Premises District of Johor Bahru 81300 Skudai Johor Darul Takzim

HS(D)25507 PTD 39218 No. 27, Jalan Perwira 1 Double storey Freehold Land - 6,000 7 172,096.53 Mukim of & District of Taman Titiwangsa bungalow/ Built-up - 3,544 Kluang 86000 Kluang Branch Manager’s Johor Darul Takzim Residence

HS(D) 14862 & 14863 29 & 31, Jalan Tiara 3 2 Units 4 storey Leasehold Land - 36,300 4 3,511,597.65 PT 21530 & 21351 Bandar Baru Kelang shopoffice/ (99 Years) Built-up - 13,200 Tempat Bukit Raja 41150 Kelang Branch Premises Exp: 2093 Mukim of Kampar Selangor Darul Ehsan District of Klang

Sub-Lot 13, Lot 3060 Lot 13, Phase 1 1 Units 3 storey Leasehold Land - 3,240 4 1,412,403.89 District of Bintulu Commerce Square shopoffice/ (60 Years) Built-up - 9,720 Bintulu ParkCity Branch Premises 97000 Bintulu, Sarawak

PTD 62642 & 62643 Nos. 49 & 51 2 Units 3 storey Leasehold Land - 5,468 4 1,921,284.75 HS(D)227069 & 227070 Jalan Sri Perkasa 2/1 shophouse/ (99 Years) Built-up - 10,710 Mukim of Kulai Taman Tampoi Utama Future Branch Exp: 2094 District of Johor Bahru 81200 Tampoi Johor Premises Darul Takzim

196 AFFIN HOLDINGS BERHAD Particulars of Properties (Continued)

Approx. Net Description/ Age of Book Existing Site Area Buildings Value Title/Lot No. Location Use Tenure (Sq. ft.) (Years) (RM)

PTD 17855 & 17856 HS(D) Nos. 18 & 20 2 Units 3 storey Freehold Land - 3,840 19 2,500,507.59 39845 & 39846 Mukim of Jalan Serampang shopoffice/ Built-up - 11,520 Plentong District of Taman Pelangi Branch Premises Johor Bahru 80050 Johor Bahru Relocation

HS(D) 16728, PTD9887 Nos. 3 & 4 Jalan Merah 2 Units 3 storey Freehold Land - 3,080 11 1,342,993.15 HS(D) 16729, PTD9888 Off Jalan Bukit Pasir shopoffice/ Built-up - 16,227 Mukim of Simpang Kanan Taman Bukit Pasir PH1 Branch Premises District of Batu Pahat 83000 Batu Pahat Johor Darul Takzim

Lots 436 & 437 Nos. 3788H & 3788I 2 Units 3 storey Freehold Land - 3,200 16 1,667,414.62 Sec.13 Grant 12256 & Sec.13 Jalan shopoffice/ Built-up - 9,152 12257 District of Sultan Ibrahim Branch Premises Kota Bahru 15050 Kota Bahru Kelantan Darul Naim

PT 288 & 289 Mukim of No. A2 Taman Pangkalan 4 storey Standing Freehold Land - 2,445 5 1,193,406.62 Seriap District of Asam 01000 Kangar Building/ Future Built-up - 9,677 Pangkalan Asam Perlis Branch Premises

GM 92 & 96, Lot 1555 & GM 92 & 96 Vacant land Freehold 12.59 Acres – 16,600,000.00 290 Mukim of 13 Lot 1555 & 290 District Timur Laut Mukim of 13 Pulau Pinang (Lum Choon District Timur Laut Realty Sdn Bhd) Pulau Pinang

HS(M) 5797/5798 Nos.840 & 842, BT 4 4 storey Building Leasehold Land - 6,670 16 2,869,708.21 PT 6/7 Sek, Mukim of Jalan Ipoh with basement (60 Years) Built-up - 9,243 Batu 51200 Kuala Lumpur

Parcel Nos.C7/50/86-2 No. 2 Jalan 1/27F KLSC 4 storey Leasehold Land - 4,480 3 3,930,769.45 C7/50/86-1, C7/50/86-4 & Wangsa Maju shopoffice/ Built-up - 14,920 C7/50/86-3 Mukim of 53300 Kuala Lumpur Corner Unit Setapak District & State of Wilayah Persekutuan

HS(D) 7156,7157,7187 & No. 7 & 8 Jalan DR 1 2 Units 5 storey Freehold Land - 3,509 5 2,077,312.76 7188 PT 34,35,65 & 66 Delima Point shopoffice/ Built-up - 17,160 Bandar Bt Baru, Sek.11 Taman Delima Raya Branch Premises District Melaka Tengah 75150 Melaka

PT 141 & PT 142 No. 2/4, Jalan Perda 4 storey Freehold Land - 3,930 3 2,190,758.97 Mukim of 6 & Mukim of 7 Barat, Taman Perda shopoffice Built-up - 12,181 Seberang Perai 14000 Bukit Mertajam Tengah Penang Penang

197 AFFIN HOLDINGS BERHAD Particulars of Properties (Continued)

Approx. Net Description/ Age of Book Existing Site Area Buildings Value Title/Lot No. Location Use Tenure (Sq. ft.) (Years) (RM)

Lot 4/10, Phase 1C, No. 81, 83 & 85, 3 Units 4 storey Leasehold Land - 4,950 6 1,242,017.26 Lot 4/9, lot 4/8, Jln 2/3A, shopoffice/ (99 years) Built-up - 16,733 HS (D) 52850/PT 3 Sek, Pusat Pasar Borong KM, Branch Premises Exp: 2086 HS (D) 52989 & 5249, Jalan Ipoh PT 6621 & 2 Sek 1, 68100 Batu Caves, HS (D) 52988 PT 6620, Kuala Lumpur Mukim of Batu District Wilayah Persekutuan

Lot 14127 & 14128 Nos. 159 & 161, 2 Units 3 storey Leasehold Land - 4,306 13 2,822,908.66 Grants 7792 & 7793 Jalan Genting Kelang shopoffice/ (99 years) Built-up - 17,224 Mukim of Setapak 53300 Setapak Branch Premises Exp: 2086 District of Kuala Lumpur Kuala Lumpur

Geran 9836, Lot 607 No. 34, Jalan Lumut 4 storey shophouse Freehold Land - 1,539 21 1,410,000.06 Town of Kuala Lumpur Kompleks Damai Built-up - 4,000 53000 Kuala Lumpur

Geran 26883 (CT 14640) No. 27 & 29, 2 adjoining Freehold Land - 3,507 21 1,142,100.00 26903 (CT 14641), Jalan Tun Razak intermediate units Built-up - 11,000 Lot 334 & 335, Sek 47, 53000 Kuala Lumpur of 4 storey terrace Kuala Lumpur shophouses

HS(D) 4004 PT 1851P, Ground & 9 Storey office/ Freehold Land - 6,400 5 2,666,069.35 Bandar Kuala Terengganu Mezzanine Floor, Complex ground Built-up - 5,758 Wisma Permint Lot 4146 Mezzanine floor/ 20200 Jalan Sultan Ismail Branch Premises Kuala Terengganu

Lot 1, Mukim of Suite B.4, KHTP 5 Shopoffices/ Freehold Land - 9,064.36 3 2,908,924.28 Padang Cina, Business Centre, Commercial Built-up - 9,064 District of Kulim Kulim Hi-Tech Park, complex/ 09000 Kulim, Kedah (Ground floor)

PTD 50679 & 50680 No. 93 & 94 2 Units 4 storey Freehold Land - 4,607 2 1,435,311.40 Lot 840 & 842 PT 6 & 7 Jalan Kenanga 29/7 shopoffice/ Built-up - 17,749 Mukim of Batu Indahpura Branch Premises District of Johor Bahru 81000 Johor Bahru Johor

HS(S) 36840 Lot 25696 84 Jalan SS2/60 3 storey building/ Freehold Land - 1,680 20 444,622.00 Mukim of 47300 Petaling Jaya Branch Premises Built-up - 5,040 Kuala Lumpur Selangor Darul Ehsan

HS (D) 810, 61, Jalan Selat 4 storey building/ Freehold Land - 1,841 16 590,946.00 Lot 002595 Taman Selat Branch Premises Built-up - 4,698 Bandar Butterworth 12000 Butterworth District of Pulau Pinang Seberang Perai

198 AFFIN HOLDINGS BERHAD Particulars of Properties (Continued)

Approx. Net Description/ Age of Book Existing Site Area Buildings Value Title/Lot No. Location Use Tenure (Sq. ft.) (Years) (RM)

HS (D) 23625 8A, Jalan Tun Abdul 3 storey building/ Freehold Land - 1,350 18 339,227.00 PBT No. 8367 Razak, Susur 3 Branch Premises Built-up - 4,698 Bandar Johor Bahru 80200 Johor Bahru Johor Darul Takzim

Town Lease Lot. No.72, Block J 4 storey building/ Leasehold Land - 1,150 13 675,332.00 No.017541276 Sadong Jaya Branch Premises (999 Years) Built-up - 4,726 District of Karamunsing Exp: 2902 Kota Kinabalu 80200 Kota Kinabalu Sabah

Town Lease Lot. No.1, Block B 4 storey building/ Leasehold Land - 1,200 24 351,662.00 No.077527176 Bandar Ramai-Ramai Branch Premises (999 Years) Built-up - 4,608 District of Sandakan Mile 1, Jalan Leila Exp: 2885 90000 Sandakan Sabah

Town Lease Lot. No.2, Block M 4 storey building/ Leasehold Land - 1,200 24 485,278.02 No.107522485 Bandar Sabindo Branch Premises (99 Years) Built-up - 4,680 District of Tawau Mile 1, Jalan Leila Exp: 2071 91000 Tawau Sabah

L14608/83 Lot 117, Section 12 4 storey building/ Leasehold Land - 1,400 19 369,966.00 Bandar Kuching Bangunan Ejawaris Branch Premises (99 Years) Built-up - 5,600 Jalan Haji Taha Exp: 2037 93400 Kuching, Sarawak

TL No. 492 (1) Lot 516, Block 9 3 storey building/ Leasehold Land - 1,181 13 436,575.00 District of Miri Jalan Merbau Branch Premises (60 Years) Built-up - 3,540 98000 Miri, Sarawak Exp: 2048

TL No.1147 21, Bintulu Town 4 storey building/ Leasehold Land - 1,300 13 496,477.00 Lot 2307, Extension Centre Branch Premises (60 Years) Built-up - 5,048 District of 97000 Bintulu, Exp: 2044 Bandar Bintulu Sarawak

HS (D) 4519 118, Taman Melaka Raya 3 storey building/ Leasehold Land - 1,600 19 255,481.38 Lot No. PT 21 Jalan Taman Branch Premises (99 Years) Built-up - 4,500 District of Melaka 75000 Melaka Exp:2076 Tengah Bandar Melaka

200 & 201 200 & 201 2 unit 3 storey Leasehold Land - 4,430 21 622,810.18 Taman Melaka Raya Taman Melaka Raya shopoffice/ Exp: 2075 Built-up - 10,031 Off Jalan Parameswara Off Jalan Parameswara Branch Premises 75000 Melaka 75000 Melaka

21-B, Jalan Ibrahim 21-B, Jalan Ibrahim 4 storey Leasehold Land - 2,000 15 374,413.77 08000 Sungai Petani 08000 Sungai Petani shophouse/ Exp: 2080 Built-up - 6,540 Kedah Kedah Branch Premises

161 Jalan SS2/2 161 Jalan SS2/2 3 storey Freehold Land - 2,268 21 945,786.83 47300 Petaling Jaya 47300 Petaling Jaya shophouse/ Built-up - 8,622 Selangor Selangor Branch Premises

199 AFFIN HOLDINGS BERHAD Particulars of Properties (Continued)

Approx. Net Description/ Age of Book Existing Site Area Buildings Value Title/Lot No. Location Use Tenure (Sq. ft.) (Years) (RM)

92 Jalan Banggol 92 Jalan Banggol 4 storey Freehold Land - 1,400 20 393,749.11 20100 Kuala Terengganu, 20100 Kuala Terengganu, shophouse/ Built-up - 5,480 Terengganu Terengganu Branch Premises

21-21A Jalan Raja Jalil 21-21A Jalan Raja Jalil 2 storey Freehold Land - 1,999 15 163,534.10 45000 Kuala Selangor 45000 Kuala Selangor shophouse/ Built-up - 3,855 Branch Premises

31 Jalan Tun Ismail 31 Jalan Tun Ismail 3 storey Freehold Land - 1,600 21 331,300.00 25000 Kuantan, Pahang 25000 Kuantan, Pahang shophouse/ Built-up - 6,120 Branch Premises

157 Jalan Kota 157 Jalan Kota 3 storey Freehold Land - 1,700 25 313,666.71 34000 Taiping Perak 34000 Taiping Perak shophouse/ Built-up - 4,960 Branch Premises

12 Jalan Kong Sang 12 Jalan Kong Sang 3 storey Freehold Land - 1,875 21 453,333.36 70000 Seremban 70000 Seremban shophouse/ Built-up - 4,703 Negeri Sembilan Negeri Sembilan Branch Premises

100 Jalan Othman (1/14) 100 Jalan Othman (1/14) 3 storey Leasehold Land - 1,650 8 723,663.23 46000 Petaling Jaya 46000 Petaling Jaya shophouse/ Exp: 2089 Built-up - 4,620 Selangor Selangor Branch Premises

Lots 247 & 248 Lots 247 & 248 2 unit Leasehold Land - 2,500 13 1,253,268.33 Sec. 49 KTLD Sec. 49 KTLD shophouse/ Exp: 2044 Built-up - 4,620 Jalan Tunku Abdul Jalan Tunku Abdul Branch Premises Rahman Rahman 93100 Kuching Sarawak 93100 Kuching Sarawak

Lot 14, Block B Mdid Lot 14, Block B Mdid 3 storey Leasehold Land - 1,200 6 583,483.16 3679 Metro 3679 Metro shophouse/ Exp: 2085 Built-up - 3,600 Commercial Complex Commercial Complex Branch Premises 91110 Lahad Datu Sabah 91110 Lahad Datu Sabah

Lot F1 (Corner Lot) Lot F1 (Corner Lot) 3 storey Freehold Land - 3,563 1 1,705,915.00 Pusat Perdagangan Pusat Perdagangan shopoffice/ Built-up - 10,684 Seri Kembangan Seri Kembangan Proposed 43300 Seri Kembangan, 43300 Seri Kembangan, Branch Premises Selangor Darul Ehsan Selangor Darul Ehsan

98-G-32 to 98-3A-32, 98-G-32 to 98-3A-32, 5 storey Freehold Land - 1,037 1 2,252,208.39 Blok 32 Prima Tanjung Blok 32 Prima Tanjung shopoffice/ Built-up - 7,732 Business Centre Business Centre Branch Premises Jalan Fettes, Jalan Fettes, Tanjung Tokong Tanjung Tokong 10470 Pulau Pinang 10470 Pulau Pinang

200 AFFIN HOLDINGS BERHAD Particulars of Properties (Continued)

Approx. Net Description/ Age of Book Existing Site Area Buildings Value Title/Lot No. Location Use Tenure (Sq. ft.) (Years) (RM)

HS(M) 6836 P.T.14531 No.101,201,301,401 & Branch Premises Leasehold – 1 10,666,076.08 Mukim of Damansara 501 Blok C, Menara Glomac Exp: 2094 District of Petaling Kelana Business Centre 97, Jalan 227/2 47301 Kelana Jaya Selangor

HS(D) 103053 No. 11 & 12, Kompleks 2 unit 4 storey Leasehold – 1 2,573,529.02 Lot No.770, Seksyen 11 Perdagangan UMNO, shopoffice/ Exp: 2095 Daerah Petaling Persiaran Damai Branch Premises Bandaraya Shah Alam 40000 Shah Alam Selangor Darul Ehsan

HS(D) 9980 PT 4370 Delta Paradise Lagoon – Leasehold – 1 187,857.36 Mukim of & District Unit B-L3-06 Batu 2, Exp: 2096 of Port Dickson Jalan Pantai 71000 Port Dickson Negeri Sembilan

HS(D) 1772 P.T. 2851 Awana Beach Resort – Leasehold – 1 408,063.64 Mukim of Kijal (2 Rooms) 13B, Exp: 2097 District of Kemaman Baiduri Apartment KM 28, Jalan Kemaman-Dungun 24100 Kijal, Terengganu

HS(D) 67297 P.T. 9498 No.5 Jalan 2/23B MWE 1 unit 4 storey Leasehold – 1 989,572.68 Mukim of Batu District Kepong Comm. Park shopoffice/ Exp: 2094 of Wilayah Persekutuan 52100 Kuala Lumpur Branch Premises

HS(M) 20894 P.T. 19142 No.11A, Jalan 1 unit 3 storey Leasehold – 1 510,744.43 Mukim of Petaling SB Indah 1/2A, Taman shopoffice/ Exp: 2094 District of Petaling Sungai Besi Indah Branch Premises 43300 Balakong, Selangor Darul Ehsan

No. 72, Jalan The Leen No. 27 & 27-1 1 unit 3 storey Leasehold – 1 1,312,546.78 Swee Ipoh Garden Jalan Sultan Azlan Shah shopoffice/ Exp: – 31400 Ipoh Perak 31400 Ipoh, Perak Branch Premises

PN 1290 Lot 1895 No. 63 & 63A 2 unit 3 storey Leasehold – 1 2,099,804.33 District of Jalan Sultan Ismail shopoffice/ Exp: 2094 Kuala Terengganu 20200 Kuala Terengganu Branch Premises

Title No.35120 Sri Sayang Resort – Freehold – 1 232,369.75 Lot No. 86, Section 2 Condominium Bandar Feringhi Unit No. 22-06, 22nd Storey District of Utara Batu Feringhi, Selatan Pulau Pinang Pulau Pinang

201 AFFIN HOLDINGS BERHAD Particulars of Properties (Continued)

Approx. Net Description/ Age of Book Existing Site Area Buildings Value Title/Lot No. Location Use Tenure (Sq. ft) (Years) (RM)

HS(D) 23766 P.T. 199, 133, Jalan Bonus Off 1 unit 4 storey Freehold – 1 4,169,989.07 Seksyen 40 Mukim of Jalan Masjid India shopoffice/ Kuala Lumpur 50100 Kuala Lumpur Branch Premises

Title No. 8144 P.T. 1118, No. 18, Taman 2 unit 4 storey Freehold – 1 220,192.97 District of Hilir Perak Melintang Ria, shopoffice/ Jalan Bagan Datoh Branch Premises 36400 Hutan Melintang Perak

Lot. A99, HS (D) Lot A99 1 unit shopoffice Freehold – 1 1,199,520.30 11010 PT 32961 Pusat Dagang Kuantan 2 storey/ Mukim of Kuala Jalan Tun Ismail Branch Premises Kuantan District of 25000 Kuantan, Kuantan Pahang

GM 405, Lot 1927 Lot. PT 1995/1996 1 unit 2 storey Freehold – 1 524,062.91 GM 407, Lot 2007 Bandar Baru Bukit Bunga shopoffice/ GM 409, Lot 2006 17700 Land Merah Branch Premises Mukim of Nibong Kelantan Darul Naim Land Merah, Kelantan

Title No. 16025 Lot 3403 No.16 &18, 2 unit 4 storey Freehold – 1 1,539,199.60 Mukim of Petaling Jalan Bandar 3 shopoffice/ District of Petaling Pusat Bandar Puchong Branch Premises 47100 Puchong Selangor Darul Ehsan

HS(D) 143324 P.T. 18, P3.4, Jalan Persiaran Ibupejabat Leasehold Land - 32,561 1 60,918,445.88 Seksyen 14 Perbandaran Exp: 2095 Bandaraya Shah Alam 40450 Shah Alam Selangor Darul Ehsan Selangor Darul Ehsan

P.T. 44519 & 44520 25A Jalan Sri – Leasehold Land - 2,755 1 81,415.43 Bandar Sri Manjalara 6 Hartamas 18, (99 years) Jalan 54 Desa Jaya Sri Hartamas, 52100 Kepong Jalan Duta 50480 Kuala Lumpur

Lot E189 Lot E189 Kulim Golf 2 storey bungalow/ Freehold Land - 9,534 1 158,836.45 District of Kulim & Country Resort, Branch Manager’s Built-up - 2,600 Kulim Kedah Residence

Lot X1 & X2 District of No. 1 & 3, Jalan PSK 2 2 Lot adjacent/ Freehold Land - 4,379 1 2,012,194.81 Sri Kembangan Pusat Perdagangan Sri 3 storey Built-up - 13,139 Selangor Darul Ehsan Sri Kembangan, shopoffice Sri Kembangan Selangor Darul Ehsan

P.T. 288 & 289 Mukim of No. A2 Taman Building Freehold Land - 2,445 1 120,383.16 Seriap District of Pengkalan Asam Built-up - 9,677 Pengkalan Asam 01000 Kangar, Perlis

202 AFFIN HOLDINGS BERHAD SHAREHOLDING Statistics as at 30 April 2002

Size of Holdings Number of Number of Ordinary Ordinary Shareholders % Shares Held %

11,512 100.00 922,655,003 100.00

Each ordinary share is entitled to one vote.

* Less than 5% of issued shares ** 5% and above of issued shares

THIRTY LARGEST SHAREHOLDERS Shareholdings %

1. Lembaga Tabung Angkatan Tentera 386,641,995 41.91 2. Boustead Holdings Berhad 261,785,502 28.37 Accounts Non-Trading 3. Employees Provident Fund Board 74,538,000 8.08 4. Permodalan Nasional Berhad 11,722,000 1.27 5. AM Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board 6,580,000 0.71 6. Universal Trustee (Malaysia) Berhad BHLB Pacific High Growth Fund 4,911,000 0.53 7. Universiti Malaya 4,188,000 0.45 8. AM Nominees (Tempatan) Sdn Bhd Pertubuhan Keselamatan Sosial 3,644,000 0.39 9. Universal Trustee (Malaysia) Berhad BHLB Pacific Emerging Companies Growth Fund 3,627,000 0.39 10. AM Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board 3,528,000 0.38 11. Amsteel Equity Nominees (Tempatan) Sdn Bhd Pacific Credit Leasing Sdn Bhd for Umatrac Enterprises Sdn Bhd 3,241,000 0.35 12. RHB Nominees (Tempatan) Sdn Bhd Rashid Hussain Asset Management Sdn Bhd for Kumpulan Wang Simpanan Pekerja 3,000,000 0.33 13. Amsteel Corporation Berhad 2,959,280 0.32 14. HSBC Nominees (Asing) Sdn Bhd BBH and Co Boston for GMO Emerging Markets Fund 2,645,500 0.29 15. Lion Corporation Berhad 2,304,097 0.25 16. Lion Land Berhad 2,291,885 0.25 17. Malaysia Nominees (Asing) Sendirian Berhad Straits Lion Asset Management Pte Ltd for the Great Eastern Life Assurance Co Ltd 1,753,500 0.19 18. Citicorp Nominees (Asing) Sdn Bhd American International Assurance Company Limited (P Trading) 1,714,397 0.19 19. Perbadanan Nasional Berhad 1,641,500 0.18 203 AFFIN HOLDINGS BERHAD Shareholding Statistics (Continued)

THIRTY LARGEST SHAREHOLDERS (Cont’d) Shareholdings %

20. AllianceGroup Nominees (Tempatan) Sdn Bhd Pheim Asset Management Sdn Bhd for Employees Provident Fund 1,630,000 0.18 21. Amanah Raya Berhad BHLB Pacific Double Growth Fund 1,551,000 0.17 22. Pertubuhan Keselamatan Sosial 1,528,500 0.17 23. Koperasi Angkatan Tentera Malaysia Berhad 1,518,000 0.16 24. Universal Trustee (Malaysia) Berhad Mayban Balanced Trust Fund 1,512,000 0.16 25. Koperasi Angkatan Tentera Malaysia Berhad 1,500,000 0.16 26. Umatrac Enterprises Sdn Bhd 1,465,800 0.16 27. Mayban Nominees (Tempatan) Sdn Bhd Mayban Trustees Berhad for RHB Dynamic Fund 1,449,000 0.16 28. HSBC Nominees (Asing) Sdn Bhd BBH (Lux) SCA for Fidelity Funds South East Asia 1,400,000 0.15 29. Cartaban Nominees (Asing) Sdn Bhd SSBT Fund SW6A for California Public Employees Retirement System 1,338,000 0.15 30. Citicorp Nominees (Asing) Sdn Bhd CB LDN for Stichting Shell Pensioenfonds 1,300,000 0.14

Total shareholdings 798,908,956 86.59

SUBSTANTIAL SHAREHOLDERS Shareholdings %

1. Lembaga Tabung Angkatan Tentera 386,641,995 41.91 2. Boustead Holdings Berhad 261,785,502 28.37 Accounts Non-Trading 3. Employees Provident Fund Board 74,538,000 8.08

204 AFFIN HOLDINGS BERHAD BORANG Proksi

AFFIN HOLDINGS BERHAD (Diperbadankan di Malaysia) No. Syarikat : 23218W

Saya/Kami ...... (Nama Penuh dalam Huruf Besar) sebagai ahli/ahli-ahli AFFIN HOLDINGS BERHAD dengan ini melantik ......

...... dari ...... atau jika beliau tidak dapat hadir, ...... dari ...... atau jika beliau tidak dapat hadir, PENGERUSI MESYUARAT sebagai proksi saya/kami untuk mengundi bagi pihak saya/kami di Mesyuarat Agung Tahunan Syarikat yang akan diadakan pada hari Jumaat bersamaan 21 Jun 2002 pukul 10.00 pagi di Tingkat 13, Bangunan LTAT, Jalan Bukit Bintang, 55100 Kuala Lumpur dan pada sebarang penangguhannya.

Proksi saya/kami hendaklah mengundi seperti ditunjukkan di bawah:

Resolusi Menyokong Menentang

1. Untuk menerima dan meluluskan Laporan Tahunan dan Akaun-Akaun

2. Untuk meluluskan Pembayaran Dividen Terakhir sebanyak 1% ditolak 28% cukai pendapatan

Untuk memilih semula Pengarah berikut: 3. En. Azzat bin Kamaludin

4. Untuk meluluskan Yuran Para Pengarah

5. Perlantikan Semula Juruaudit

6. Meluluskan Pengarah untuk mengumpuk dan menerbitkan Saham

JUMLAH SAHAM DIMILIKI

Tandatangan/Cop Mohor ......

Ditandatangani pada ...... 2002

NOTA: 1. Proksi tidak semestinya pemegang saham Syarikat. 2. Suratcara melantik seorang individu sebagai proksi hendaklah ditandatangani oleh orang yang melantiknya atau peguamnya dan bagi perlantikan sebuah perbadanan, suratcara perlantikannya hendaklah dimeterai dengan cop mohor bagi pihaknya oleh peguamnya atau pegawai perbadanan yang diberi kuasa berbuat demikian. 3. Untuk menjadikan proksi itu sah, borang hendaklah dihantar kepada pejabat berdaftar syarikat tidak kurang daripada empat puluh lapan jam sebelum bermulanya mesyuarat. PROXY Form

AFFIN HOLDINGS BERHAD (Incorporated in Malaysia) Company No. : 23218W

I/We ...... (Full Name in Block Capitals) being a member/members of AFFIN HOLDINGS BERHAD hereby appoint ......

...... of ...... or failing him, ...... of ...... or failing him the CHAIRMAN OF THE MEETING as my/our proxy to vote for me/us on my/our behalf at the Annual General Meeting of the Company to be held on Friday, 21 June 2002 at 10.00 a.m. at 13th Floor, Bangunan LTAT, Jalan Bukit Bintang, 55100 Kuala Lumpur and at any adjournment thereof.

My/our proxy is to vote as indicated below:

Resolution For Against

1. To receive and adopt the Annual Report and Accounts

2. To approve a final Dividend of 1% less 28% income tax

To re-elect the following Director: 3. En. Azzat bin Kamaludin

4. To approve Directors' Fee

5. Reappointment of Auditors

6. Approval for Directors to allot and issue shares

NUMBER OF SHARES HELD

Signature/Seal ......

Signed this ...... day of ...... 2002

NOTE: 1. A proxy need not be a member of the Company. 2. An instrument appointing a proxy in the case of an individual shall be signed by the appointer or his attorney and in the case of a corporation, shall be either under its common seal or signed on its behalf by an attorney or officer of the corporation so authorised. 3. In order for this proxy to be valid, it must be lodged at the registered office of the Company not less than forty-eight hours before the time of the meeting.