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Statement of Cash Flows
Page Content
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2000 |
1999 |
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(US$ million) |
OPERATING ACTIVITIES |
Net profit for the period |
127 |
112 |
Items not involving cash flow: |
Loan loss provisions |
66 |
97 |
Depreciation |
26 |
25 |
Items considered separately: |
Gains less losses on investment securities |
(21) |
(7) |
Changes in operating assets and liabilities: |
Trading securities |
(366) |
266 |
Placements with banks and other financial institutions |
(1095) |
1481 |
Loans and advances |
(924) |
(386) |
Other assets |
(46) |
(261) |
Deposits from customers |
853 |
327 |
Deposits from banks and other financial institutions |
343 |
(1141) |
Other liabilities |
248 |
288 |
Other non-cash movements |
141 |
100 |
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Net cash inflow (outflow) from operating activities |
(648) |
901 |
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INVESTING ACTIVITIES |
Purchase of investment securities |
(1612) |
(1574) |
Sale of investment securities |
1697 |
1163 |
Purchase of investments |
(4) |
(33) |
Sale of investments |
26 |
34 |
Acquisition of subsidiary |
- |
(47) |
Purchase of premises and equipment |
(53) |
(33) |
Sale of premises and equipment |
38 |
32 |
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Net cash (outflow) inflow from investing activities |
92 |
(458) |
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FINANCING ACTIVITIES |
(Repayment) issue of certificates of deposit - net |
(15) |
35 |
Issue of term notes, bonds and other term financing |
1225 |
297 |
Repayment of term notes, bonds and other term financing |
(795) |
(460) |
Dividend paid |
(56) |
- |
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Net cash (outflow) inflow from financing activities |
359 |
(128) |
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(Decrease) increase in liquid funds |
(197) |
315 |
Foreign exchange translation differences |
19 |
(23) |
Liquid funds at beginning of the year * |
587 |
295 |
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Liquid funds at end of the period * |
409 |
587 |
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* Liquid funds comprise cash, nostro balances and balances with central banks. |
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