| |
 |
| For the period ended |
Bank |
Group |
|
31.03.2010 |
31.03.2009 |
31.03.2010 |
31.03.2009 |
|
Rs.000 |
Rs.000 |
Rs.000 |
Rs.000 |
| Cash flow from operating activities |
|
|
|
|
| Interest Receipts |
6,308,028 |
7,474,164 |
8,953,245 |
10,317,161 |
| Interest payments |
(4,334,101 |
(5,481,414) |
(6,828,902) |
(7,467,568) |
| Recoveries on loans previously written off |
147,588 |
117,942 |
147,588 |
117,942 |
| Receipts from other operating activities |
140,004 |
340,818 |
432,050 |
3,330,916 |
| Cash payments to employees & suppliers |
(1,061,502) |
(1,202,457) |
(1,980,934) |
(4,631,819) |
| Value added tax |
(662,361) |
(570,646) |
(855,811) |
(665,419) |
| Operating profit before changes in operating assets |
537,656 |
678,407 |
(132,764) |
1,001,213 |
| (Increase )/decrease in operating assets: |
|
|
|
|
| Deposits held for regulatory or monetary control purposes |
0 |
0 |
(33,693) |
(157,082) |
| Funds advanced to customers |
3,230,210 |
4,790,127 |
4,846,374 |
1,315,304 |
| Others |
156,183 |
494,039 |
466,549 |
324,030 |
| Increase /(decrease ) in operating liabilities: |
|
|
|
|
| Security deposits from customers |
(254) |
0 |
369 |
4,288 |
| Deposits from customers |
(172,478) |
196,788 |
1,963,177 |
7,071,315 |
| Negotiable certificates of deposit |
(12,305) |
135 |
(34,837) |
51,388 |
| Net cash flow from operating activities before Income tax |
3,739,012 |
6,159,496 |
7,075,175 |
9,610,456 |
| Income tax paid |
(387,353) |
(657,906) |
(663,344) |
(778,376) |
| Income tax refund |
0 |
(1,980) |
0 |
(14,396) |
| Net cash from/(used in) operating activities |
3,351,659 |
5,499,610 |
6,411,831 |
8,817,684 |
| |
|
|
|
|
| Cash flow from investing activities |
|
|
|
|
| Dividends received |
685,108 |
707,875 |
708,889 |
652,398 |
| Interest received |
1,169,251 |
860,319 |
2,741,157 |
1,349,666 |
| Treasury bills eligible for rediscounting with Central Bank |
(1,745,864)) |
514,731 |
(8,277,803) |
(2,056,632) |
| Proceeds from sale and redemption of securities |
613,758 |
789,654 |
649,877 |
1,724,759 |
| Purchase of securities |
(552,743) |
(919,394) |
(603,743) |
(1,017,153) |
| Investment in Joint Venture - (Acuity Partners Ltd.) |
0 |
(150,000) |
0 |
0 |
| Disposal of subsidiary shares -(LVL) |
521,993 |
0 |
|
0 |
| Disposal of subsidiary shares -(HNB Stockbrockers) |
0 |
0 |
42,337 |
0 |
| Investment in additional shares of subsidiaries - (DFCC Vardhana Bank. Limited) |
0 |
(23) |
0 |
(23) |
| Investment in additional shares of subsidiaries - (LINDEL) |
(18,753) |
0 |
(18,753) |
0 |
| Purchase of property, equipment, intangibles and investment property |
(56,524) |
(105,082) |
(219,687) |
(299,117) |
| Proceeds from sale of equipment and investment property |
1,678 |
687 |
2,593 |
743 |
| Net cash effect on disposal of Subsidiaries-DFCC Stock Brokers (Pvt) Ltd. |
0 |
0 |
0 |
(74,335) |
| Net cash effect on investment of joint venture-Acuity Partners (Pvt) Ltd. |
0 |
0 |
0 |
12,440 |
| Net cash effect on disposal of Subsidiaries-LVL |
0 |
0 |
456,215 |
0 |
| Net cash from investing activities |
617,904 |
1,698,767 |
(4,518,918) |
292,746 |
| |
|
|
|
|
| Cash Flow from financing activities |
|
|
|
|
| Issue of debentures |
0 |
0 |
0 |
30,000 |
| Issue of new shares under option |
181,638 |
29,042 |
181,638 |
29,042 |
| Share issue expenses |
(1,117) |
0 |
(1,117) |
0 |
| Borrowing, medium and long - term |
5,435,214 |
7,331,802 |
6,660,929 |
7,750,216 |
| Other Borrowings |
(2,914,872) |
(1,112,840) |
(1,537,859) |
(1,938,523) |
| Repayment of borrowing, medium and long - term |
(5,699,281) |
(11,975,648) |
(5,699,281) |
(11,975,648) |
| Dividends paid |
(659,083) |
(651,075) |
(659,795) |
(718,671) |
| Net Cash flow from financing activities |
(3,657,501) |
(6,378,719) |
(1,055,485) |
(6,823,584) |
| |
|
|
|
|
| Net increase/(decrease) in cash & cash equivalents |
312,062 |
819,658 |
837,428 |
2,286,846 |
| Cash & cash equivalents/(overdraft-net) at the beginning of period |
2,509,971 |
1,690,313 |
6,162,307 |
3,875,461 |
| Cash & cash equivalents at the end of period |
2,822,033 |
2,509,971 |
6,999,735 |
6,162,307 |
| |
|
|
|
|
| Reconciliation of cash & cash equivalents |
|
|
|
|
| Cash & short - term funds |
2,822,033 |
2,509,971 |
2,343,650 |
4,208,584 |
| Placements with & loans to banks & financial institutions |
0 |
0 |
0 |
5,400 |
| Treasury bills other securities eligible for rediscounting with Central Bank |
0 |
0 |
4,678,191 |
1,950,080 |
| Borrowing short term - Bank overdrafts |
0 |
0 |
(22,106) |
(1,757) |
| |
2,822,033 |
2,509,971 |
6,999,735 |
6,162,307 |
| |
|
|
|
|
|
