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| CASH FLOW
STATEMENT |
| FOR THE
QUARTER ENDED 31 DECEMBER 2006 |
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(AMOUNTS IN MILLION SHILLINGS) |
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Current quarter |
Previous quarter |
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31-Dec-06 |
30-Sep-06 |
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| I |
Cash flow from operating activities: |
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Profit before Taxation |
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9,039 |
8,997 |
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Adjustment for non-cash items: |
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Depreciation and amortization |
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450 |
440 |
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Allocation to Government |
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11 |
198 |
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Gain/loss on sale of assets |
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(5) |
(4) |
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Tax paid |
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(1,937) |
(3,201) |
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Gross change in loans and advances |
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(18,991) |
(13,721) |
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Net change in deposits |
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49,165 |
11,649 |
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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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791 |
(3,633) |
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Net change in other liabilities |
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9,026 |
(12,659) |
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Net change in SMR deposits |
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2,500 |
(5,000) |
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Net change in Treasury Bills |
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(4,641) |
(2,298) |
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Net
cash provided (used) by operating activities |
45,408 |
(19,232) |
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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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(447) |
(1,903) |
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Proceeds on sale of fixed assets |
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30 |
1 |
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Acquisition of Government securities |
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(4,205) |
- |
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Proceeds from redemption of Government securities |
2,442 |
- |
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Proceeds from redemption of Treasury Notes |
- |
- |
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Net cash provided (used) by
investing |
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(2,181) |
(1,901) |
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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 |
43,227 |
(21,133) |
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Cash and cash equivalent at the beginning of the quarter |
210,682 |
231,815 |
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Cash and cash equivalent at the end
of the quarter |
253,909 |
210,682 |
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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 |
1/24/2007 |
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Johann De Wet |
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Director of Finance |
1/24/2007 |
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Severin Ndaskoi |
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Head of Internal Audit |
1/26/2007 |
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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 |
1/26/2007 |
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2 |
Ambassador Ami Ramadhani Mpungwe |
Director |
1/26/2007 |
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