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CASH FLOW STATEMENT |
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FOR THE QUARTER ENDED 30 JUNE 2008 |
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(AMOUNTS IN MILLION SHILLINGS) |
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Current quarter |
Previous quarter |
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30-Jun-08 |
30-Mar-08 |
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I |
Cash flow from operating
activities: |
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Profit before Taxation |
14,416 |
9,399 |
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Adjustment for non-cash items: |
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Depreciation |
867 |
833 |
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Provisions/Amortization |
(244) |
1,188 |
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Allocation to Government |
57 |
699 |
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Gain/loss on
sale of assets |
3 |
(4) |
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Tax paid |
(3,327) |
(3,327) |
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Gross change in loans and advances |
(41,167) |
(25,423) |
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Net change in deposits |
(30,590) |
102,453 |
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Net change in short term negotiable securities |
- |
- |
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Net change in other assets |
766 |
(1,725) |
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Net change in other liabilities |
11,419 |
16,063 |
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Net change in SMR deposits |
1,500
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(10,500) |
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Net change in Treasury Bills |
(27,892) |
6,380 |
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Net cash provided (used)
by operating activities |
(74,193) |
96,035 |
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II |
Cash flow from investing
activities: |
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Dividends received |
- |
- |
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Purchase of fixed assets |
(8,531) |
(2,097) |
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Proceeds on sale of fixed assets |
1 |
1 |
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Acquisition of Government securities |
(16,867) |
(4,638) |
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Proceeds from redemption of Government securities |
3,094 |
11,755 |
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Proceeds from redemption of Treasury Notes |
- |
- |
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Net cash provided (used)
by investing |
(22,302) |
5,021 |
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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 |
- |
- |
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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 |
- |
- |
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IV |
Cash and cash equivalents |
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Net increase (decrease) in cash and cash equivalents |
(96,495) |
101,056 |
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Cash and cash equivalent at the beginning of the quarter |
368,104 |
267,048 |
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Cash and cash equivalent at the end of the quarter |
271,609 |
368,104 |
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Signed by |
Date |
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Christo De Vries |
Chief Executive Officer |
23 April 2008 |
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Riaan van Jaarsveld |
Director of Finance |
24 April 2008 |
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Severin Ndaskoi |
Head of Internal Audit |
24 April 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 |
08 May 2008 |
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2 |
Ambassador Ami Ramadhani Mpungwe |
Chairman (Acting) |
08 May 2008 |
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