| |
 |
| 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 |
|
|
|
|
|
|
| |
The Cash Flow Statement of the bank includes the results of associate, joint venture and subsidiary companies only to the extent of the cash flows between Bank and respective companies as required by Sri Lanka Accouting Standards.
|
|
