STATEMENT OF CASH FLOWS |For the year ended 31 December 2015

Note

  

2014
AFN ‘000

  

2013
AFN ‘000

CASH FLOW FROM OPERATING ACTIVITIES

    

 

  

 

Profit

    

523,865

  

499,854

Adjustments for:

    

 

  

 

Provision against loans and advances

    

98,873

  

127,659

Depreciation

    

44,805

  

50,318

Amortization

    

37,330

  

26,598

Provision on investment

    

13,555

  

7,715

Provision on placements

    

24,623

  

52,460

Reversal on participation purchased

    

–

  

(2,663)

Effect of exchange rate fluctuation on cash held

    

(2,687,947)

  

(328)

Net interest income

    

(1,074,726)

  

(1,064,829)

Income tax expense

    

65,451

  

63,406
     

(2,954,171)

  

(239,810)

Changes in operating assets and liabilities:

    

 

  

 

Receivable from financial institutions

    

(69,465)

  

94,682

Balances with Da Afghanistan Bank (DAB)

    

(298,275)

  

(530,386)

Balances with other banks

    

128,487

  

640,549

Loans and advances to customers

    

(667,003)

  

1,187,369

Other assets

    

5,061

  

(94,422)

Customers’ deposits

    

5,089,179

  

7,787,496

Deferred income on commercial letter of credit and guarantees

    

18,579

  

(3,295)

Payable to financial institutions

    

–

  

–

Other liabilities

    

(15,271)

  

41,471
     

1,237,120

  

8,883,654

Interest received

    

998,702

  

1,048,685

Interest paid

    

(6,016)

  

(2,728)

Income tax paid

    

(108,993)

  

(90,446)

Net cash flow from operations

    

2,120,813

  

9,839,165

CASH FLOWS FROM INVESTING ACTIVITIES

    

 

  

 

Capital work in progress

 11.1.1  

(545,402)

  

(75,393)

Acquisition of property and equipment

 11.2  

(55,309)

  

(35,648)

Acquisition of intangible assets

 12.1  

(87,362)

  

(106,882)

Placements (with maturity more than three months)

    

(2,077,591)

  

(6,294,168)

Participation purchased

     –   397,671

Investments

     849,455   (2,646,965)

Net cash flow used in investing activities

    

(1,916,210)

  

(8,761,385)

CASH FLOWS USED FINANCING ACTIVITIES

    

 

  

 

Dividend paid

    

(144,000)

  

(283,500)

Net cash used in financing activities

    

(144,000)

  

(283,500)
Net increase in cash and cash equivalents     60,603   794,280
Cash and cash equivalents at 01 January     25,422,621   24,628,013
Effect of exchange rate fluctuation on cash held     2,687,947   328

Cash and cash equivalents at 31 December

29

  

28,171,171

  

25,422,621