|
1 January to 30 September 2000 |
1 January to 30 September 1999 |
|
|
(US$ million) |
|
OPERATING ACTIVITIES |
|
Net profit for the period |
98 |
85 |
|
Items not involving cash flow: |
|
Loan loss provisions |
54 |
65 |
|
Depreciation |
19 |
18 |
|
Items considered separately: |
|
Gains less losses on investment securities |
(11) |
(6) |
|
Changes in operating assets and liabilities: |
|
Trading securities |
(285) |
25 |
|
Placements with banks and other financial institutions |
(385) |
(73) |
|
Loans and advances |
(1123) |
(440) |
|
Other assets |
102 |
(189) |
|
Deposits from customers |
1494 |
173 |
|
Deposits from banks and other financial institutions |
(180) |
437 |
|
Other liabilities |
69 |
219 |
|
Other non-cash movements |
(51) |
(389) |
|
|
|
Net cash inflow (outflow) from operating activities |
(199) |
(75) |
|
|
|
|
INVESTING ACTIVITIES |
|
Purchase of investment securities |
(1325) |
(593) |
|
Sale of investment securities |
1160 |
882 |
|
Purchase of investments |
(2) |
(17) |
|
Sale of investments |
47 |
30 |
|
Purchase of premises and equipment |
(31) |
(34) |
|
Sale of premises and equipment |
(15) |
21 |
|
|
|
|
|
Net cash (outflow) inflow from investing activities |
(136) |
289 |
|
|
|
|
FINANCING ACTIVITIES |
|
(Repayment) issue of certificates of deposit - net |
(2) |
88 |
|
Issue of term notes, bonds and other term financing |
790 |
9 |
|
Repayment of term notes, bonds and other term financing |
(520) |
(232) |
|
Dividend paid |
(56) |
- |
|
|
|
|
|
|
|
Net cash (outflow) inflow from financing activities |
212 |
(135) |
|
|
|
|
(Decrease) increase in liquid funds |
(123) |
79 |
|
Foreign exchange translation differences |
(71) |
(16) |
|
Liquid funds at beginning of the year * |
587 |
295 |
|
|
|
Liquid funds at end of the period * |
393 |
358 |
|
|
* Liquid funds comprise cash, nostro balances and balances with central banks. |