CASH
FLOW STATEMENT |
FOR THE QUARTER
ENDED 30TH SEPTEMBER
2004 |
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
(AMOUNTS
IN MILLION SHILLINGS) |
|
| |
|
|
|
|
|
Current
quarter |
Previous
quarter |
|
| |
|
|
|
|
|
30th September 2004 |
30th June 2004 |
|
| |
|
|
|
|
|
|
|
|
| I |
Cash
flow from operating activities: |
|
|
|
|
| |
Profit before Taxation |
|
|
2,916 |
2,550 |
|
| |
Adjustment for non-cash items: |
|
|
|
|
| |
Depreciation and amortization |
|
615 |
611 |
|
| |
Allocation to Government |
|
|
3,605 |
255 |
|
| |
Gain/loss on sale of assets |
|
(1,208) |
1 |
|
| |
Tax paid |
|
|
|
(1,265) |
(1,024) |
|
| |
Refund from TRA |
|
|
- |
1,379
|
|
| |
Gross change in loans and advances |
|
(3,537) |
(11,453) |
|
| |
Net change in deposits |
|
|
13,027 |
(4,317) |
|
| |
Net change in certificate deposits |
|
- |
- |
|
| |
Net change in short term negotiable securities |
- |
- |
|
| |
Net change in other assets |
|
|
(820) |
(528) |
|
| |
Net change in other liabilities |
|
(5,455) |
2,751 |
|
| |
Net change in SMR deposits |
|
(500) |
1,500
|
|
| |
Net change in Treasury Bills |
|
624 |
20,676 |
|
| |
Net cash provided (used) by operating activities |
8,001 |
12,401 |
|
| |
|
|
|
|
|
|
|
|
| II |
Cash
flow from investing activities: |
|
|
|
|
| |
Dividends received |
|
|
- |
- |
|
| |
Purchase of fixed assets |
|
|
(522) |
(1,052) |
|
| |
Proceeds on sale of fixed assets |
|
1,462 |
- |
|
| |
Acquisition of Government securities |
|
- |
- |
|
| |
Proceeds from redemption of Government securities |
2,372 |
- |
|
| |
Proceeds from redemption of Treasury Notes |
- |
- |
|
| |
|
|
|
|
|
|
|
|
| |
Net cash provided (used) by investing |
|
3,312 |
(1,052) |
|
| |
|
|
|
|
|
|
|
|
| III |
Cash
flow from financing activities: |
|
|
|
|
| |
Repayment of long-term debt |
|
- |
- |
|
| |
Proceed from issuance of long-term debt |
- |
- |
|
| |
Proceeds from issue of shares |
|
- |
- |
|
| |
Dividend paid to shareholders |
|
- |
- |
|
| |
Net change in other borrowings |
|
- |
- |
|
| |
Others |
|
|
|
- |
- |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Net cash provided (used) by financing activities |
- |
- |
|
| |
|
|
|
|
|
|
|
|
| IV |
Cash
and cash equivalents |
|
|
|
|
|
| |
Net increase (decrease) in cash and cash equivalents |
11,313
|
11,349 |
|
| |
Cash and cash equivalent at the beginning of
the quarter |
50,879 |
139,530
|
|
| |
Cash and cash equivalent at the end
of the quarter |
162,192 |
150,879 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
Signed
by |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
Christo
De Vries |
|
Chief
Executive Officer |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
Johann
De Wet |
|
Head
of Finance |
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
Severin
Ndaskoi |
|
Head
of Internal Audit |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
We,
the undersigned non-executive members of the board of
directors, attest to the correctness |
| |
|
of
the above statements. We declare that the statements
have been examined by us, and to the |
| |
|
best
of our knowledge and belief have been prepared in conformance
with the instructions and |
| |
|
are
true and correct. |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
Signed
by |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
1 |
Charles
Nyirabu |
|
Chairman |
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
2 |
Dr.
Marcellina M.
Chijoriga |
Director |
|
|
|
|
|
|
|
|
|
|
|
