Statement of Cash Flows
Note |
2013 |
2012 |
|||
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|||
Interest receipts |
1,092,879 |
1,073,338 |
|||
Interest payments |
(2,228) |
(2,683) |
|||
Fee and commission receipts |
570,360 |
420,789 |
|||
Fee and commission payments |
(14,214) |
(14,485) |
|||
Income from dealing in foreign currencies |
205,690 |
159,883 |
|||
Other income |
45,317 |
5,214 |
|||
General administrative expenses paid |
(1,013,819) |
(961,254) |
|||
Cash flows from operating activities before changes in operating assets and liabilities |
883,985 |
680,802 |
|||
Changes in operating assets and liabilities: |
|
|
|||
Receivable from financial institutions |
(6,491) |
(68,632) |
|||
Required reserve maintained with DAB |
(233,055) |
(1,603,357) |
|||
Cash margin held with other banks |
(68,190) |
138,484 |
|||
Loans and advances to customers – net |
35,700 |
380,798 |
|||
Other assets |
(285,229) |
13,779 |
|||
Customers’ deposits |
1,978,197 |
13,202,427 |
|||
Other liabilities |
(87,122) |
23,609 |
|||
Net cash generated from operating assets and liabilities |
1,333,810 |
12,087,108 |
|||
Income tax paid |
(117,048) |
(42,303) |
|||
Net cash flow from operations |
2,100,747 |
12,725,607 |
|||
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|||
Net proceeds from placements (with maturity more than three months) |
2,069,460 |
(2,418,903) |
|||
(Increase) in investments |
(3,561,987) |
(1,070,469) |
|||
Participation purchased (with maturity more than three months) |
(397,671) |
- |
|||
Purchase of property and equipment |
(35,632) |
(104,731) |
|||
| Proceeds from sale of property and equipment | 282 | 441 | |||
| Additions to capital work in progress | (121,707) | - | |||
Purchase of intangible assets |
(2,850) |
(35,867) |
|||
Net cash flow used in investing activities |
(2,050,105) |
(3,629,529) |
|||
Net increase in cash and cash equivalents |
50,642 |
9,096,078 |
|||
Effect of foreign currency exchange loss on cash and cash equivalents |
15,563 |
12,146 |
|||
Cash and cash equivalents at beginning of the year |
24,561,808 |
15,453,584 |
|||
Cash and cash equivalents at end of the year |
30 |
24,628,013 |
24,561,808 |