| For the period ended |
Bank |
Group |
| |
31.12.2011 |
31.12.2010 |
31.12.2011 |
31.12.2010 |
|
Rs.000 |
Rs.000 |
Rs.000 |
Rs.000 |
| Cash flow from operating activities |
|
|
| Interest Receipts |
3,908,204 |
3,696,275 |
6,127,576 |
5,436,859 |
| Interest payments |
(1,934,185) |
(2,533,194) |
(4,080,510) |
(3,959,584) |
| Recoveries on loans previously written off |
95,845 |
74,387 |
95,845 |
74,387 |
| Receipts from other operating activities |
340,623 |
128,486 |
999,389 |
832,591 |
| Cash payments to employees & suppliers |
(1,054,887) |
(890,630) |
(2,255,639) |
(1,858,733) |
| Value added tax |
(272,045) |
(1,859,528) |
(335,066) |
(2,002,817) |
| Operating profit before changes in operating assets and liabilities |
1,083,555 |
(1,384,204) |
551,595 |
(1,477,297) |
| |
| (Increase )/decrease in operating assets: |
|
|
| Deposits held for regulatory or monetary control purposes |
0 |
0 |
(438,617) |
(200,014) |
| Funds advanced to customers |
(10,822,507) |
610,878 |
(21,583,901) |
(11,250) |
| Others |
27,684 |
335,191 |
(12,932) |
87,867 |
| |
| Increase /(decrease ) in operating liabilities: |
|
| Security deposits from customers |
(950) |
(1,980) |
(834) |
(12,698) |
| Deposits from customers |
2,682,710 |
(1,218,165) |
9,563,278 |
502,823 |
| Negotiable certificates of deposit |
0 |
(1,537) |
94,521 |
25,425 |
| Others |
(19,916) |
0 |
913,654 |
145,622 |
| Net cash flow from operating activities before income tax |
(7,049,424) |
(1,659,817) |
(10,913,236) |
(939,522) |
| Income tax paid |
(538,339) |
(427,990) |
(739,433) |
(604,695) |
| Net cash from/(used in) operating activities |
(7,587,763) |
(2,087,807) |
(11,652,669) |
(1,544,217) |
| Cash flow from investing activities |
|
|
|
|
| Dividends received |
613,190 |
629,661 |
561,090 |
552,849 |
| Interest received |
279,211 |
1,081,345 |
682,610 |
2,014,802 |
| Treasury bills eligible for rediscounting with Central Bank |
9,749,169 |
(4,778,728) |
8,693,132 |
(2,1 86,349) |
| Proceeds from sale and redemption of securities |
606,274 |
428,261 |
660,782 |
438,261 |
| Purchase of securities |
(2,905,653) |
(809,129) |
(2,905,653) |
(1,043,668) |
| Investment in joint venture - Acuity Partners (Pvt) Ltd. |
0 |
(405,000) |
0 |
0 |
| Disposal of associate shares -Commercial Bank of Ceylon PLC |
0 |
8,193,438 |
0 |
8,193,438 |
| Acqusition of Lanka Ventures PLC by Joint venture Company |
0 |
0 |
0 |
(80,973) |
| Investment in additional shares of subsidiary by Joint Venture |
0 |
0 |
0 |
(88,348) |
| Investment in additional shares of subsidiaries-DFCC Vardhana Bank PLC |
(1,336,587) |
0 |
(243,136) |
0 |
| Investment in associate by joint venture Company |
0 |
0 |
(101,760) |
0 |
| Investment in additional shares of subsidiaries - (Synapsys Ltd) |
0 |
(17,000) |
0 |
0 |
| Purchase of property , equipment ,intangibles and investment property |
(24,264) |
(177,149) |
(243,176) |
(448,105) |
| Proceeds from sale of equipment and investment property |
4,840 |
45,945 |
67,566 |
49,865 |
| Net cash from investing activities |
6,986,180 |
4,191,644 |
7,171,455 |
7,401,772 |
| Cash flow from financing activities |
|
|
|
|
| Redemption of debentures |
(1,910,000) |
(1,000,000) |
(910,000) |
(1,000,000) |
| Issue of new shares under option |
12,563 |
6,902 |
12,563 |
6,902 |
| Issue of new shares by subsidiary-Rights issue |
0 |
0 |
11,681 |
0 |
| Share issue expenses |
(133) |
0 |
(133) |
0 |
| Borrowing , medium and long - term |
9,286,973 |
1,294,931 |
11,337,401 |
137,859 |
| Other borrowings |
(229,000) |
1,360,000 |
2,215,690 |
1,604,446 |
| Repayment of borrowing ,medium, and long - term |
(2,840,782) |
(4,140,794) |
(2,627,567) |
(4,140,794) |
| Dividends paid |
(2,638,291) |
(791,232) |
(2,671,928) |
(824,873) |
| Net Cash flow used in financing activities |
1,681,330 |
(3,270,193) |
7,367,707 |
(4,216,460) |
| |
|
|
|
|
| Net increase/(decrease) in cash & cash equivalents |
1,079,747 |
(1,166,356) |
2,886,493 |
1,641,095 |
| Cash & cash equivalents/(overdraft-net) at the beginning of period as previously stated |
1,370,810 |
2,822,033 |
4,777,976 |
6,999,735 |
| Consolidated adjustment -Synapsys/Acqusition of LVL by Joint venture |
0 |
0 |
16,000 |
(228,107) |
| Cash & cash equivalents at the beginning of the period restated |
1,370,810 |
2,822,033 |
4,793,976 |
6,771,628 |
| Cash & cash equivalents at the end of period |
2,450,557 |
1,655,677 |
7,680,469 |
8,412,723 |
| Reconciliation of cash & cash equivalents |
|
|
| Cash & short - term funds |
2,450,557 |
1,655,677 |
4,071,992 |
4,069,007 |
| Placements with & loans to banks & financial institutions |
0 |
0 |
0 |
164,593 |
| Treasury bills & other securities eligible |
|
|
| for rediscounting with Central Bank |
0 |
0 |
3,204,306 |
4,284,020 |
| Securities purchased under resale agreements |
0 |
0 |
452,607 |
0 |
| Borrowing short term - Bank overdrafts |
0 |
0 |
(48,436) |
(104,897) |
| |
2,450,557 |
1,655,677 |
7,680,469 |
8,412,723 |
|
