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CASH  FLOW  STATEMENT

FOR  THE  QUARTER ENDED  31 DECEMBER 2007

(AMOUNTS IN MILLION SHILLINGS)

 

 

 

 

 

 

Current quarter

Previous quarter

 

 

 

 

 

 

31-Dec-07

30-Sep-07

 

 

 

I

Cash flow from operating activities:

 

 

 

             Profit before Taxation

                                   12,022

                                       12,355

 

             Adjustment for non-cash items:

 

 

 

                Depreciation and amortization

                                         940

                                            596

 

                Allocation to Government

                                       (372)

                                               74

 

                Gain/loss on sale of assets

0

0

 

             Tax paid

                                    (3,374)

                                       (3,389)

 

             Gross change in loans and advances

                                  (37,869)

                                     (39,788)

 

             Net change in deposits

                                   27,477

                                       37,961

 

             Net change in certificate deposits

                                             -  

                                                -  

 

             Net change in short term negotiable securities

                                             -  

                                                -  

 

             Net change in other assets

                                       (141)

                                       (2,620)

 

             Net change in other liabilities

                                      7,799

                                         4,278

 

             Net change in SMR deposits

                                      3,500

                                       (3,000)

 

             Net change in Treasury Bills

                          24,235

                             (9,193)

 

    Net cash provided (used) by operating activities

                                   34,217

                                       (2,726)

 

 

 

II

Cash flow from investing activities:

 

 

 

             Dividends received

                                             -  

                                                -  

 

             Purchase of fixed assets

                                    (7,580)

                                       (2,480)

 

             Proceeds on sale of fixed assets

                                             -  

                                                 2

 

             Acquisition of Government securities

                                    (2,782)

                                       (6,900)

 

              Proceeds from redemption of Government securities

                                             -  

                                                -  

 

              Proceeds from redemption of Treasury Notes

                                             -  

                                         7,000

 

 

 

 

    Net cash provided (used) by investing

                                  (10,362)

                                       (2,378)

 

 

 

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

                                             -