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CASH  FLOW  STATEMENT
FOR  THE  QUARTER ENDED  30 JUNE 2007
             
          (AMOUNTS IN MILLION SHILLINGS)
            Current quarter Previous quarter
            30-Jun-07 31-Mar-07
               
I Cash flow from operating activities:      
               Profit before Taxation                                        11,957                                        10,476
               Adjustment for non-cash items:      
                  Depreciation and amortization                                            543                                             461
                  Allocation to Government                                              234                                              (61)
                  Gain/loss on sale of assets   0 (8)
               Tax paid                                           (2,807)                                        (2,807)
               Gross change in loans and advances                                     (18,337)                                      (15,740)
               Net change in deposits                                        10,084                                        30,432
               Net change in short term negotiable securities                                              -                                                   -  
               Net change in other assets                                              359                                        (4,015)
               Net change in other liabilities                                      18,141                                      (12,299)
               Net change in SMR deposits                                            500                                        (4,000)
               Net change in Treasury Bills                            (13,550)                              (5,245)
      Net cash provided (used) by operating activities                                       7,125                                        (2,807)
               
II Cash flow from investing activities:      
               Dividends received                                                  -                                                   -  
               Purchase of fixed assets                                         (2,828)                                            (968)
               Proceeds on sale of fixed assets                                                -                                                  28
               Acquisition of Government securities                                                -                                          (4,232)
                Proceeds from redemption of Government securities                                       2,001                                                 -  
                Proceeds from redemption of Treasury Notes                                       1,467                                          1,104
               
      Net cash provided (used) by investing                                             640                                        (4,069)
               
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                                       7,765                                        (6,875)
            Cash and cash equivalent at the beginning of the quarter                                  247,033                                     253,909
            Cash and cash equivalent at the end of the quarter                                  254,797                                     247,033
             
             
  Signed by       Date
             
    Christo De Vries   Chief Executive Officer 1/8/2007
             
    Riaan van Jaarsveld   Director of Finance 30/7/2007
             
    Severin Ndaskoi   Head of Internal Audit 1/8/2007
             
             
  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       Date
             
  1 Dr. Musa Assad   Director 6/8/2007
             
             
  2 Ambassador Ami Ramadhani Mpungwe Chairman (Acting) 10/8/2007