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| CASH FLOW
STATEMENT |
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| FOR THE
QUARTER ENDED 31ST MARCH 2006 |
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(AMOUNTS IN MILLION
SHILLINGS) |
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Current quarter |
Previous quarter |
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31st March 2006 |
31st December 2005 |
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| I |
Cash flow from operating
activities: |
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Profit before Taxation |
|
9,449 |
7,728 |
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| |
Adjustment for non-cash items: |
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Depreciation and amortization |
|
558 |
579 |
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Allocation to Government |
|
202 |
138 |
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(Gain)/loss on sale of assets |
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(67) |
- |
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Tax paid |
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(2,130) |
(1,737) |
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Gross change in loans and
advances |
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(31,517) |
(34,442) |
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Net change in deposits |
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19,975 |
58,788
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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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(528) |
(821) |
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Net change in other liabilities |
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(315) |
(10,536) |
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Net change in SMR deposits |
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(4,000) |
(2,374) |
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Net change in Treasury Bills |
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2,032 |
(5,716) |
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Net cash provided (used) by operating
activities |
(6,341) |
11,606
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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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(1,847) |
(1,204) |
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Proceeds on sale of fixed assets |
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67
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- |
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Acquisition of Government
securities |
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(6,942) |
- |
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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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(8,722) |
22,130
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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 |
(15,062) |
33,736
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Cash and cash equivalent at the
beginning of the quarter |
195,814 |
162,078 |
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Cash and cash equivalent at the end
of the quarter |
180,752 |
195,814 |
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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 |
5/5/2006 |
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Johann De Wet |
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Director of Finance |
5/5/2006 |
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Severin Ndaskoi |
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Head of Internal Audit |
5/5/2006 |
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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 |
Mr.Peter Mageza |
|
Director |
5/5/2006 |
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2 |
Ambassador Ami Ramadhani Mpungwe |
Director |
5/5/2006 |
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