Consolidated
Financial Statements
Statement of Cash Flows | For the Year Ended December 31, 2014
Note |
2014 |
2013 |
|||
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|||
Interest receipts |
987,645 |
1,092,879 |
|||
Interest payments |
(2,799) |
(2,228) |
|||
Fee and commission receipts |
609,456 |
570,360 |
|||
Fee and commission payments |
(13,935) |
(14,214) |
|||
Income from dealing in foreign currencies |
216,344 |
205,690 |
|||
Other income |
75,518 |
45,317 |
|||
General administrative expenses paid |
(1,131,282) |
(1,013,819) |
|||
Cash flows from operating activities before changes in operating assets and liabilities |
740,947 |
883,985 |
|||
Changes in operating assets and liabilities: |
|
|
|||
Receivable from financial institutions |
94,682 |
(6,491) |
|||
Required reserve maintained with DAB |
(530,386) |
(233,055) |
|||
Cash margin held with other banks |
640,549 |
(68,190) |
|||
Loans and advances to customers – net |
1,187,369 |
35,700 |
|||
Other assets |
(89,335) |
(285,229) |
|||
Customers’ deposits |
7,787,496 |
1,978,197 |
|||
Other liabilities |
52,534 |
(87,122) |
|||
Net cash generated from operating assets and liabilities |
9,142,909 |
1,333,810 |
|||
Income tax paid |
(90,446) |
(117,048) |
|||
Net cash flow from operations |
9,793,410 |
2,100,747 |
|||
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|||
Net proceeds from placements (with maturity more than three months) |
(6,294,168) |
2,069,460 |
|||
(Increase) in investments |
(2,602,229) |
(3,561,987) |
|||
Participation sold/(purchased) (with maturity more than three months) |
397,671 |
(397,671) |
|||
Purchase of property and equipment |
(35,648) |
(35,632) |
|||
| Proceeds from sale of property and equipment | 1,019 | 282 | |||
| Additions to capital work in progress | (75,393) | (121,707) | |||
Purchase of intangible assets |
(106,882) |
(2,850) |
|||
Net cash flow used in investing activities |
(8,715,630) |
(2,050,105) |
|||
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|||
Dividend paid |
(283,500) |
– |
|||
Net cash flow used in financing activities |
(283,500) |
– |
|||
| Net increase in cash and cash equivalents | 794,280 | 50,642 | |||
| Effect of foreign currency exchange loss on cash and cash equivalents | 328 | 15,563 | |||
| Cash and cash equivalents at beginning of the year | 24,628,013 | 24,561,808 | |||
Cash and cash equivalents at end of the year |
30 |
25,422,621 |
24,628,013 |