| CASH FLOW STATEMENT |
| FOR THE QUARTER ENDED 31ST
DECEMBER 2005 |
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(AMOUNTS IN MILLION SHILLINGS) |
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Current quarter |
Previous quarter |
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31st December 2005 |
30th September 2005 |
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| I |
Cash flow from operating activities: |
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Profit before Taxation |
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7,728 |
6,969 |
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Adjustment for non-cash items: |
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Depreciation and amortization |
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579 |
372 |
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Allocation to Government |
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138 |
(70) |
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Gain/loss on sale of assets |
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- |
297 |
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Tax paid |
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(1,737) |
(2,258) |
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Gross change in loans and advances |
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(34,442) |
(22,301) |
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Net change in deposits |
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58,788 |
55,863 |
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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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(821) |
978 |
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Net change in other liabilities |
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(10,536) |
9,624 |
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Net change in SMR deposits |
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(2,374) |
(6,500) |
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Net change in Treasury Bills |
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(5,716) |
(3,072) |
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Net
cash provided (used) by operating activities |
11,606 |
39,902 |
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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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(1,204) |
(1,170) |
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Proceeds on sale of fixed assets |
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- |
0 |
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Acquisition of Government securities |
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- |
(7,350) |
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Proceeds from redemption of Government securities |
(2,838) |
- |
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Proceeds from redemption of Treasury Notes |
26,172 |
- |
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Net cash provided (used) by
investing |
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22,130 |
(8,520) |
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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 |
33,736 |
31,382 |
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Cash and cash equivalent at the beginning of the quarter |
162,078 |
130,696 |
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Cash and cash equivalent at the end
of the quarter |
195,814 |
162,078 |
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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 |
2/6/2006 |
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Johann De Wet |
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Director of Finance |
2/6/2006 |
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Severin Ndaskoi |
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Head of Internal Audit |
2/6/2006 |
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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 |
Francois Jacobus Du Toit |
Director |
2/6/2006 |
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2 |
Ambassador Ami Ramadhani Mpungwe |
Director |
2/6/2006 |
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