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CASH FLOW STATEMENT
| For the period ended | Bank | Group | ||
| 30.06.2008 Rs.000 |
30.06.2007 Rs.000 |
30.06.2008 Rs.000 |
30.06.2007 Rs.000 |
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| Cash flow from operating activities | ||||
| Interest Receipts | 1,872,987 | 1,727,559 | 2,454,220 | 2,060,381 |
| Interest payments | (1,637,008) | (1,552,858) | (2,031,607) | (1,794,846) |
| Recoveries on loans previously written off | 20,379 | 26,343 | 20,379 | 26,343 |
| Receipts from other operating activities | 49,111 | 42,847 | 189,537 | 164,197 |
| Cash payments to employees & suppliers | (464,336) | (518,766) | (639,489) | (579,011) |
| Value added tax | (154,491) | (115,281) | (171,255) | (122,513) |
| Operating profit before changes in operating assets | (313,358) | (390,156) | (178,215) | (245,449) |
| (Increase )/decrease in operating assets: | ||||
| Balances with Central Bank of Sri Lanka | 0 | 0 | (27,260) | (110,742) |
| Funds advanced to customers | 1,169,140 | 589,382 | 271,817 | (840,043) |
| Other short - term securities | (752,729) | (1,512,491) | (908,151) | (1,717,063) |
| Others | (70,534) | (47,225) | (62,654) | 92,379 |
| Increase /(decrease ) in operating liabilities: | ||||
| Security deposits from customers | 0 | 0 | 885 | 0 |
| Deposits from customers | 789,932 | (1,292,248) | 265,851 | (369,211) |
| Negotiable certificates of deposit | 0 | (2,482) | 24,800 | (528) |
| Net cash flow from operating activities before Income tax | 822,451 | (2,655,220) | (612,927) | (3,190,657) |
| Income tax paid | (191,893) | (147,962) | (228,430) | (169,361) |
| Net cash from/(used in) operating activities |
630,558 | (2,803,182) | (841,357) | (3,360,018) |
| Cash flow from investing activities | ||||
| Dividends received | 186,495 | 143,754 | 195,552 | 154,756 |
| Interest received | 228,952 | 254,483 | 230,478 | 278,778 |
| Proceeds from sale and redemption of securities | 358,087 | 39,371 | 421,119 | 51,892 |
| Purchase of securities | (327,432) | (2,907) | (403,657) | (4,907) |
| Subscription to rights issue in associate - ( Commercial Bank Limited) | 0 | (1,602,541) | 0 | (1,602,541) |
| Purchase of property , equipment ,intangibles and investment property | (441) | (351) | (62,539) | (56,083) |
| Proceeds from sale of equipment and investment property | 0 | 10,063 | 4 | 10,163 |
| Net cash from investing activities | 445,661 | (1,158,128) | 380,957 | (1,167,942) |
| Cash Flow from financing activities | ||||
| Issue of new shares under option | 29,043 | 214 | 29,043 | 214 |
| Issue of new shares under Right Issue | 0 | 3,011,978 | 0 | 3,011,978 |
| Borrowing , medium and long - term | 474,083 | 932,542 | 474,083 | 932,542 |
| Other Borrowings | (227,467) | (285,813) | 1,292,113 | (19,146) |
| Repayment of borrowing ,medium and long - term | (1,122,667) | (508,030) | (1,122,667) | (508,030) |
| Dividends paid | (6) | 1,921 | (3,996) | 1,968 |
| Net Cash flow from financing activities | (847,014) | 3,152,812 | 668,576 | 3,419,526 |
| Net increase/(decrease) in cash & cash equivalents | 229,205 | (808,498) | 208,176 | (1,108,434) |
| Cash & cash equivalents/(overdraft-net) at the beginning of period | 1,898,313 | 4,746,177 | 4,435,479 | 6,506,073 |
| Cash & cash equivalents at the end of period | 2,127,518 | 3,937,679 | 4,643,655 | 5,397,639 |
| Reconciliation of cash & cash equivalents | ||||
| Cash & short - term funds | 1,764,997 | 1,777,679 | 3,782,344 | 2,912,625 |
| Securities purchased under resale agreements | 382,000 | 2,160,000 | 928,897 | 2,535,170 |
| Borrowing short term - Bank overdrafts | (19,479) | 0 | (67,586) | (50,156) |
| 2,127,518 | 3,937,679 | 4,643,655 | 5,397,639 | |
The Cash Flow Statement of the bank includes the results of associate /subsidiary companies only to the extent of the cash flows between. Bank and respective companies as required by Sri Lanka Accounting Standards. |
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