| For the period ended |
Bank |
Group |
| |
31.12.2010 |
31.12.2009 |
31.12.2010 |
31.12.2009 |
| |
Rs.000 |
Rs.000 |
Rs.000 |
Rs.000 |
| |
| Cash flow from operating activities |
|
|
|
|
| Interest Receipts |
3,696,275 |
5,116,283 |
5,436,859 |
7,185,416 |
| Interest payments |
(2,533,194) |
(3,573,926) |
(3,959,584) |
(5,601,802) |
| Recoveries on loans previously written off |
74,387 |
103,994 |
74,387 |
103,994 |
| Receipts from other operating activities |
128,486 |
125,386 |
832,591 |
401,241 |
| Cash payments to employees and suppliers |
(890,630) |
(822,173) |
(1,858,733) |
(1,410,983) |
| Value added tax |
(1,859,528) |
(459,950) |
(2,002,817) |
(586,579) |
|
|
|
|
|
| Operating profit before changes in operating assets and liabilities |
(1,384,204) |
489,614 |
(1,477,297) |
91,287 |
| (Increase )/decrease in operating assets: |
|
|
|
|
| Deposits held for regulatory or monetary control purposes |
0 |
0 |
(200,014) |
(34,094) |
| Funds advanced to customers |
610,878 |
4,355,198 |
(11,250) |
5,585,727 |
| Others |
335,191 |
279,920 |
87,867 |
301,031 |
| Increase /(decrease ) in operating liabilities: |
|
|
|
|
| Security deposits from customers |
(1,980) |
(100) |
(12,698) |
482 |
| Deposits from customers |
(1,218,165) |
32,287 |
502,823 |
880,443 |
| Negotiable certificates of deposit |
(1,537) |
(9,396) |
25,425 |
(34,901) |
| Others |
0 |
0 |
145,622 |
0 |
| Net cash flow from operating activities before Income tax |
(1,659,817) |
5,147,523 |
(939,522) |
6,789,975 |
| Income tax paid |
(427,990) |
(280,715) |
(604,695) |
(569,605) |
| Net cash from/(used in) operating activities |
(2,087,807) |
4,866,808 |
(1,544,217) |
6,220,370 |
| Cash flow from investing activities |
|
|
|
|
| Dividends received |
629,661 |
609,341 |
552,849 |
626,527 |
| Interest received |
1,081,345 |
782,016 |
2,014,802 |
1,841,442 |
| Treasury bills eligible for rediscounting with Central Bank |
(4,778,728) |
(3,471,494) |
(2,186,349) |
(10,941,713) |
| Proceeds from sale and redemption of securities |
428,261 |
424,044 |
438,261 |
460,159 |
| Purchase of securities |
(809,129) |
(250,997) |
(1,043,668) |
(301,997) |
| Investment in joint venture - Acuity Partners Ltd. |
(405,000) |
0 |
0 |
0 |
| Disposal of associate shares -(Commercial Bank of Ceylon PLC) |
8,193,438 |
0 |
8,193,438 |
0 |
| Acqusition of Lanka Ventures PLC (LVL) by joint venture |
0 |
0 |
(80,973) |
0 |
| Investment in additional shares of a subsidiary by Acuity Partners (Pvt) Ltd. |
0 |
0 |
(88,348) |
0 |
| Investment in additional shares of subsidiaries - (Synapsys) |
(17,000) |
0 |
0 |
0 |
| Purchase of property , equipment ,intangibles and investment property |
(177,149) |
(3,088) |
(448,105) |
(117,085) |
| Proceeds from sale of equipment and investment property |
45,945 |
1,678 |
49,865 |
6,452 |
| Net cash from/(used in) investing activities |
4,191,644 |
(1,908,500) |
7,401,772 |
(8,426,215) |
| Cash Flow from financing activities |
|
|
|
|
| Issue of debentures |
(1,000,000) |
0 |
(1,000,000) |
0 |
| Issue of new shares under option |
6,902 |
179,642 |
6,902 |
179,642 |
|
0 |
(1,101) |
0 |
(1,101) |
| Borrowing , medium and long - term |
1,294,931 |
3,412,069 |
137,859 |
4,917,104 |
| Other Borrowings |
1,360,000 |
(1,453,955) |
1,604,446 |
(1,646,443) |
| Repayment of borrowing ,medium and long - term |
(4,140,794) |
(4,411,343) |
(4,140,794) |
(4,411,343) |
| Dividends paid |
(791,232) |
(658,790) |
(824,873) |
(654,883) |
| Net Cash flow from/(used in)financing activities |
(3,270,193) |
(2,933,478) |
(4,216,460) |
(1,617,024) |
| Net increase/(decrease) in cash & cash equivalents |
(1,166,356) |
24,830 |
1,641,095 |
(3,822,869) |
| Cash & cash equivalents/(overdraft-net) at the beginning of period as previously stated |
2,822,033 |
2,509,971 |
6,999,735 |
6,162,307 |
| Consolidated adjustment -Acqusition of LVL by joint venture |
0 |
0 |
(228,107) |
0 |
| Cash & cash equivalents at the end of period |
1,655,677 |
2,534,801 |
8,412,723 |
2,339,438 |
| Reconciliation of cash & cash equivalents |
|
|
|
|
| Cash & short - term funds |
1,655,677 |
2,534,801 |
4,069,007 |
2,239,204 |
| Placements with & loans to banks & financial institutions |
0 |
0 |
164,593 |
32,314 |
| Treasury bills other securities eligible |
|
|
|
|
| for rediscounting with Central Bank |
0 |
0 |
4,284,020 |
99,106 |
| Borrowing short term - Bank overdrafts |
0 |
0 |
(104,897) |
(31,186) |
|
1,655,677 |
2,534,801 |
8,412,723 |
2,339,438 |
|
|
|
|
|
|
