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Statement of Cash Flows
1999-09-30
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)

1 January to 30 September   1999

1 January to 30 September   1998

 

(US$ million)

OPERATING ACTIVITIES

Net profit for the period

85 

63 

Items not involving cash flow:

     Loan loss provisions

65 

136 

     Depreciation

18 

18 

Items considered separately:

     Gains less losses on investment securities

(6)

(52)

Changes in operating assets and liabilities:

     Trading securities

25 

100 

     Placements with banks and other financial institutions

(73)

750 

     Loans and advances

(440)

(255)

     Other assets

(188)

91 

     Deposits from customers

173 

(1140)

     Deposits from banks and other financial institutions

437 

1222 

     Other liabilities

219 

(44)

Other non-cash movements

10 

(667)

Net cash inflow (outflow) from operating activities

325 

222 

 

INVESTING ACTIVITIES  

Purchase of investment securities - net

(111)

(5)

Sale (Purchase) of investments - net

13 

(12)

Purchase of premises and equipment

(34)

(28)

Sale of premises and equipment

21 

20 

 

 

Net cash (outflow) inflow  from investing activities

(111)

(25)

 

FINANCING ACTIVITIES

Issue of (repayment) certificates of deposit - net

88 

(36)

Repayment of term notes, bonds and other term financing

(223)

(160)

Dividend paid

(60)

 

 

 

Net cash (outflow) inflow  from financing activities

(135)

(256)

 

(Decrease) increase in liquid funds

79 

(59)

Foreign exchange translation differences

(16)

52 

Liquid funds at beginning of the year *

295 

316 

Liquid funds at end of the period *

358 

309 

* Liquid funds comprise cash, nostro balances and balances with central banks.

 

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