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CASH FLOW STATEMENT |
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FOR THE QUARTER ENDED 31 DECEMBER 2007 |
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(AMOUNTS IN MILLION SHILLINGS) |
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Current quarter |
Previous quarter |
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31-Dec-07 |
30-Sep-07 |
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I |
Cash flow from operating
activities: |
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Profit before Taxation |
12,022 |
12,355 |
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Adjustment for non-cash items: |
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Depreciation and amortization |
940 |
596 |
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Allocation to Government |
(372) |
74
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Gain/loss on sale of assets |
0 |
0 |
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Tax paid |
(3,374) |
(3,389) |
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Gross change in loans and advances |
(37,869) |
(39,788) |
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Net change in deposits |
27,477 |
37,961 |
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Net change in short term negotiable securities |
- |
- |
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Net change in other assets |
(141) |
(2,620) |
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Net change in other liabilities |
7,799 |
4,278 |
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Net change in SMR deposits |
3,500 |
(3,000) |
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Net change in Treasury Bills |
24,235 |
(9,193) |
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Net cash provided (used)
by operating activities |
34,217
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(2,726) |
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II |
Cash flow from investing
activities: |
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Dividends received |
- |
- |
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Purchase of fixed assets |
(7,580) |
(2,480) |
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Proceeds on sale of fixed assets |
- |
2 |
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Acquisition of Government securities |
(2,782) |
(6,900) |
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Proceeds from redemption of Government securities |
- |
- |
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Proceeds from redemption of Treasury Notes |
- |
7,000 |
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Net cash provided (used)
by investing |
(10,362) |
(2,378) |
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III |
Cash flow from financing
activities: |
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Repayment of long-term debt |
- |
- |
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Proceed from issuance of long-term debt |
- |
- |
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Proceeds from issue of shares |
- |
- |
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Dividend paid to shareholders |
- |
(6,500) |
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Net change in other borrowings |
- |
- |
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Others |
- |
- |
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Net cash provided (used)
by financing activities |
- |
(6,500) |
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IV |
Cash and cash equivalents |
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Net increase (decrease) in cash and cash equivalents |
23,856 |
(11,604) |
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Cash and cash equivalent at the beginning of the quarter |
243,193 |
254,797 |
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Cash and cash equivalent at the end of the quarter |
267,048 |
243,193 |
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Signed by |
Date |
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Christo De Vries |
Chief Executive Officer |
30 January 2008 |
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Riaan van Jaarsveld |
Director of Finance |
29 January 2008 |
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Severin Ndaskoi |
Head of Internal Audit |
29 January 2008 |
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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 |
Date |
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1 |
Dr. Musa Assad |
Director |
31 January 2008 |
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2 |
Ambassador Ami Ramadhani Mpungwe |
Chairman (Acting) |
31 January 2008 |
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