CASH FLOW STATEMENT
For the year ended 31 December 2003
Note
2003
BD millions
2003
US$ millions
2002
BD millions
22.40
59.57
19.25
2002
US$ millions
Cash flows from operating activities:
Net income
51.20
Adjustments to reconcile net income to net cash from
operating activities:
Depreciation
Provision for loans and advances impairment
6
Net income after adjustments
1.25
3.33
1.07
2.85
1.70
4.52
0.43
1.14
25.35
67.42
20.75
55.19
Changes in operating assets and liabilities
Treasury bills
Placement with banks and other financial institutions
Trading securities
Loans and advances
Available-for-sale investment securities
18.89
50.24
29.93
79.60
(32.45)
(86.30)
(14.19)
(37.74)
(8.42)
(22.39)
(1.55)
(4.12)
(103.63)
(275.61)
(10.34)
(27.50)
102.74
(16.38)
(43.57)
38.63
Accrued interest receivable and other assets
0.69
1.83
2.28
Due to banks and other financial institutions
(2.06)
(5.48)
(46.90)
(124.74)
Borrowings under repurchase agreements
(6.61)
(17.58)
(0.55)
(1.46)
Customers' deposits
135.25
6.06
359.71
57.26
152.29
(7.15)
(19.02)
9.04
24.04
3.48
9.25
84.36
224.36
(6.73)
(17.90)
(11.25)
(29.91)
7.72
20.52
3.34
8.88
Purchase of fixed assets
(4.01)
(10.66)
(0.26)
(0.69)
Net cash (used for) investing activities
(3.02)
(8.04)
(8.17)
(21.72)
(14.00)
(37.23)
(13.00)
(34.57)
(1.14)
(3.03)
(1.06)
(2.82)
Net cash (used for) financing activities
(15.14)
(40.26)
(14.06)
(37.39)
Net (decrease)/increase in cash and cash equivalents
(14.68)
(39.05)
62.13
165.25
Accrued interest payable and other liabilities
Net cash from operating activities
Cash flows from investing activities:
Purchase of held-to-maturity investment securities
Proceeds from redemption of held-to-maturity investment securities
Cash flows from financing activities:
Dividends
Directors' remuneration and donations and contributions
Cash and cash equivalents at 1 January
12
286.11
760.93
223.98
595.68
Cash and cash equivalents at 31 December
12
271.43
721.88
286.11
760.93
The accompanying notes 1 to 39 are an integral part of these financial statements.
39