| CASH FLOW STATEMENT |
| FOR THE QUARTER ENDED 30TH
SEPTEMBER 2005 |
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(AMOUNTS IN MILLION SHILLINGS) |
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Current quarter |
Previous quarter |
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30th September 2005 |
30th June 2005 |
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| I |
Cash flow from operating activities: |
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Profit before Taxation |
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6,969 |
5,372 |
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Adjustment for non-cash items: |
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Depreciation and amortization |
|
372 |
695 |
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Allocation to Government |
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(70) |
186 |
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Gain/loss on sale of assets |
|
297 |
31 |
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Tax paid |
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(2,258) |
(1,424) |
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Gross change in loans and advances |
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(22,301) |
(27,727) |
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Net change in deposits |
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55,863 |
12,832 |
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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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978 |
1,401 |
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Net change in other liabilities |
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9,624 |
(8,029) |
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Net change in SMR deposits |
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(6,500) |
(5,500) |
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Net change in Treasury Bills |
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(3,072) |
(359) |
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Net
cash provided (used) by operating activities |
39,902 |
(22,523) |
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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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(1,170) |
(683) |
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Proceeds on sale of fixed assets |
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0 |
187 |
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Acquisition of Government securities |
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(7,350) |
- |
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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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(8,520) |
(496) |
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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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- |
- |
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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 |
- |
- |
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| IV |
Cash and
cash equivalents |
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Net increase (decrease) in cash and cash equivalents |
31,382 |
(23,019) |
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Cash and cash equivalent at the beginning of the quarter |
130,696 |
153,716 |
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Cash and cash equivalent at the end
of the quarter |
162,078 |
130,696 |
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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 |
11/4/2005 |
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Johann De Wet |
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Director of Finance |
11/4/2005 |
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Severin Ndaskoi |
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Head of Internal Audit |
11/4/2005 |
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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 |
11/4/2005 |
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2 |
Honourable Nazir Karamagi |
Director |
11/4/2005 |
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