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 |
Cash Flow Statement |
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 |
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For The Year Ended 30 June 2006 |
Notes |
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2005 |
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Cash flows from operating activities |
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Operating profit before provision for taxation
|
|
185,367,401
|
97,603,572
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Adjustments for: |
|
|
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Depreciation |
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14,775,353
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10,818,339
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Interest income received on surplus funds |
|
(13,950,849)
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(6,746,820)
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Income from Tana building investment |
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(1,334,477)
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(1,031,074)
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prior year adjustment |
|
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(62,303)
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|
|
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184,857,428
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100,581,714
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(Increase) in items in course of collection |
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(31,090,028)
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(42,596,344)
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(Increase) in other assets |
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(32,539,820)
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(9,688,997)
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(Increase) in loans and advances to customers |
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(919,630,812)
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(533,263,202)
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Increase in demand deposits |
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246,060,486
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169,800,775
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Increase in saving deposits |
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446,199,045
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449,289,886
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Increase in fixed deposits |
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166,336,409
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36,182,392
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increase in margin held on letters of credit |
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32,790,746
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2,920,195
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increase in other liabilities |
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66,497,791
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48,080,104
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|
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159,481,245
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221,306,523
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Income taxes paid |
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(26,447,616)
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(22,289,956)
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Net cash inflow from operating activities
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133,033,629
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199,016,567
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Cash flows from investing activities |
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|
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Purchase of fixed assets |
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(29,972,560)
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(22,900,829)
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Disposal of fixed assets |
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976,324
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5,487,611
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Investment |
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(2,250,000)
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Disposal proceeds of treasury bills |
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299,039,000
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Returns from: |
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|
|
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Interest income received on surplus funds |
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13,950,849
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6,746,820
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Income from Tana building investment |
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1,334,477
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1,031,074
|
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Net cash (used in) received from investing
activities |
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(13,710,910)
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287,253,676
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Cash flows from financing activates |
|
|
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proceeds from issuance of share capital |
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56,190,000
|
|
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Dividends paid |
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(46,000,000)
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(38,000,000)
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Directors bonus |
16 |
(790,000)
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(360,000)
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Net cash received from (used in) financing
activities
|
|
9,400,000
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(38,360,000)
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|
|
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|
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|
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Net increase in cash and cash equivalents |
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128,722,719
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447,910,243
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Cash and cash equivalents, opening balance
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1,020,251,117
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572,340,875
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Cash and cash equivalents, closing balance
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1,148,973,836 |
1,020,251,118 |
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