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Statement of Cash Flows
Page Content
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1 January to 30 September 1999 |
1 January to 30 September 1998 |
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(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) |
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Net cash inflow (outflow) from operating activities |
325 |
222 |
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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 |
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Net cash (outflow) inflow from investing activities |
(111) |
(25) |
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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) |
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Net cash (outflow) inflow from financing activities |
(135) |
(256) |
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(Decrease) increase in liquid funds |
79 |
(59) |
Foreign exchange translation differences |
(16) |
52 |
Liquid funds at beginning of the year * |
295 |
316 |
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Liquid funds at end of the period * |
358 |
309 |
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* Liquid funds comprise cash, nostro balances and balances with central banks. |
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