| CASH FLOW
STATEMENT |
| FOR THE
QUARTER ENDED 30TH JUNE 2006 |
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(AMOUNTS IN MILLION SHILLINGS) |
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Current quarter |
Previous quarter |
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30-Jun-06 |
31-Mar-06 |
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| I |
Cash flow from operating activities: |
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Profit before Taxation |
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8,673 |
9,449 |
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Adjustment for non-cash items: |
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Depreciation and amortization |
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568 |
558 |
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Allocation to Government |
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306 |
202 |
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(Gain)/loss on sale of assets |
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(2) |
(67) |
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Tax paid |
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(3,201) |
(2,130) |
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Gross change in loans and advances |
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(19,630) |
(31,517) |
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Net change in deposits |
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67,050 |
19,975
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Net change in certificate deposits |
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- |
- |
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Net change in short term negotiable securities |
- |
- |
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Net change in other assets |
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340 |
(528) |
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Net change in other liabilities |
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9,964 |
(315) |
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Net change in SMR deposits |
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(2,500) |
(4,000) |
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Net change in Treasury Bills |
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(1,990) |
2,032 |
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Net
cash provided (used) by operating activities |
59,578 |
(6,341) |
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| II |
Cash flow from investing activities: |
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Dividends received |
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- |
- |
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Purchase of fixed assets |
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(2,760) |
(1,847) |
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Proceeds on sale of fixed assets |
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- |
67 |
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Acquisition of Government securities |
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(2,754) |
(6,942) |
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Proceeds from redemption of Government securities |
- |
- |
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Proceeds from redemption of Treasury Notes |
- |
- |
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Net cash provided (used) by
investing |
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(5,514) |
(8,722) |
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| III |
Cash flow from financing activities: |
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Repayment of long-term debt |
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- |
- |
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Proceed from issuance of long-term debt |
- |
- |
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Proceeds from issue of shares |
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- |
- |
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Dividend paid to shareholders |
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(3,000) |
- |
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Net change in other borrowings |
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- |
- |
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Others |
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- |
- |
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Net
cash provided (used) by financing activities |
(3,000) |
- |
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| IV |
Cash and
cash equivalents |
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Net increase (decrease) in cash and cash equivalents |
51,063 |
(15,062) |
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Cash and cash equivalent at the beginning of the quarter |
180,752 |
195,814 |
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Cash and cash equivalent at the end
of the quarter |
231,815 |
180,752 |
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Signed by |
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Date |
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Christo De Vries |
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Chief Executive Officer |
7/20/2006 |
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Johann De Wet |
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Director of Finance |
7/20/2006 |
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Severin Ndaskoi |
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Head of Internal Audit |
7/20/2006 |
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We,
the undersigned non-executive members of the board of directors, attest to
the correctness |
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of
the above statements. We declare that the statements have been examined by
us, and to the |
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best of our knowledge and belief have been
prepared in conformance with the instructions and |
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are true
and correct. |
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Signed by |
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Date |
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1 |
Mrs Blandina Salome Nyoni |
Director |
7/24/2006 |
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2 |
Ambassador Ami Ramadhani Mpungwe |
Director |
7/20/2006 |
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