Statement of Cash Flows
Note |
2012 |
2011 |
|||
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|||
Interest receipts |
1,073,338 |
696,195 |
|||
Interest payments |
(2,683) |
(2,140) |
|||
Fee and commission receipts |
420,789 |
344,035 |
|||
Fee and commission payments |
(14,485) |
(12,170) |
|||
Income from dealing in foreign currencies |
159,883 |
187,090 |
|||
Other income |
5,214 |
17,762 |
|||
General administrative expenses paid |
(961,254) |
(689,117) |
|||
Cash flows from operating activities before changes in operating assets and liabilities |
680,802 |
541,655 |
|||
Changes in operating assets and liabilities: |
|
|
|||
Receivable from financial institutions |
(68,632) |
60,419 |
|||
Required reserve maintained with DAB |
(1,603,357) |
(331,901) |
|||
Cash margin held with other banks |
138,484 |
(418,439) |
|||
Loans and advances to customers – net |
380,798 |
(1,437,986) |
|||
Other assets |
13,779 |
(8,462) |
|||
Customers’ deposits |
13,202,427 |
12,212,722 |
|||
Other liabilities |
23,609 |
49,077 |
|||
Net cash generated from operating assets and liabilities |
12,087,108 |
10,125,430 |
|||
Income tax paid |
(42,303) |
(21,910) |
|||
Net cash flow from operations |
12,725,607 |
10,645,175 |
|||
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|||
Net investments in short term placements (with maturity more than three months) |
(2,418,903) |
2,593,661 |
|||
Net proceeds in Investments |
(1,070,469) |
(5,136,499) |
|||
Purchase of property and equipment |
(104,731) |
(216,249) |
|||
Proceeds from sale of property and equipment |
441 |
– |
|||
Purchase of intangible assets |
(35,867) |
(16,635) |
|||
Net cash flow used in investing activities |
(3,629,529) |
(2,775,722) |
|||
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|||
Dividend paid |
– |
(114,400) |
|||
Net cash flow used in financing activities |
– |
(114,400) |
|||
Net increase/(decrease) in cash and cash equivalents |
9,096,078 |
7,755,053 |
|||
Effect of foreign currency exchange loss on cash and cash equivalents |
12,146 |
(13,978) |
|||
Cash and cash equivalents at beginning of the year |
15,453,584 |
7,712,509 |
|||
Cash and cash equivalents at end of the year |
28 |
24,561,808 |
15,453,584 |