|
Group |
Bank |
|
|
|
|
|
| For the year ended December 31, |
2008
Rs. ’000 |
2007
Rs. ’000 |
2008
Rs. ’000 |
2007
Rs. ’000 |
| Cash Flows from Operating Activities |
|
|
|
|
| Interest and commission receipts |
39,615,247 |
32,353,653 |
39,594,347 |
32,340,181 |
| Interest payments |
(23,392,005) |
(18,078,925) |
(23,409,938) |
(18,096,328) |
| Recoveries on loans previously provided/written-off |
699,798 |
352,256 |
699,798 |
352,256 |
| Foreign exchange profit and other receipts |
2,747,408 |
1,647,999 |
2,719,361 |
1,631,224 |
| Cash payments to employees and suppliers |
(9,413,590) |
(7,284,868) |
(9,497,580) |
(7,378,199) |
Operating profit before changes in
operating assets and liabilities |
10,256,858 |
8,990,115 |
10,105,988 |
8,849,134 |
| (Increase)/Decrease in operating assets: |
|
|
|
|
| Balances with Central Banks |
1,253,168 |
998,072 |
1,253,168 |
998,072 |
| Funds advanced to customers |
(8,303,182) |
(25,519,765) |
(8,355,732) |
(25,569,072) |
| Other operating assets |
414,493 |
(946,509) |
461,322 |
(932,357) |
| Increase/(Decrease) in operating liabilities: |
|
|
|
|
| Deposits from customers |
16,777,323 |
25,693,965 |
16,770,851 |
25,613,978 |
| Other operating liabilities |
(572,937) |
1,201,135 |
(578,044) |
1,213,620 |
| Net cash flow from operating activities before income tax |
19,825,723 |
10,417,013 |
19,657,553 |
10,173,375 |
| Income tax paid |
(3,230,881) |
(2,339,369) |
(3,207,016) |
(2,312,477) |
| Net cash inflow/(outflow) from operating activities |
16,594,842 |
8,077,644 |
16,450,537 |
7,860,898 |
| |
|
|
|
|
| Cash Flows from Investing Activities |
|
|
|
|
| Dividends received |
219,095 |
63,877 |
262,632 |
106,777 |
| Interest received |
96,646 |
203,664 |
96,646 |
203,664 |
| Government Treasury Bills and Bonds |
(1,749,487) |
(17,781,411) |
(1,712,470) |
(17,764,797) |
| Securities purchased under resale agreements |
403,665 |
788,969 |
403,665 |
788,969 |
| Securities sold under repurchase agreements |
1,721,639 |
8,920,942 |
1,732,989 |
9,012,096 |
| Commercial paper |
– |
422,783 |
– |
422,783 |
| (Additions)/Disposals of Dealing Securities |
118,651 |
(111,309) |
118,651 |
(111,309) |
| Additions to Investment Securities |
407,528 |
(1,244,702) |
407,528 |
(1,244,802) |
| Income from Associates |
676 |
2,772 |
– |
– |
| Proceeds from sale of investments |
752,342 |
947,073 |
752,342 |
947,073 |
| Purchase of Property, Plant & Equipment |
(880,702) |
(633,062) |
(815,813) |
(563,407) |
| Purchase of Intangible Assets |
(91,184) |
(144,553) |
(89,897) |
(143,486) |
| Proceeds from sale of Property, Plant & Equipment |
117,889 |
23,440 |
102,589 |
11,904 |
| Net cash inflow/(outflow) from investing activities |
1,116,758 |
(8,541,517) |
1,258,862 |
(8,334,535) |
| |
|
|
|
|
| Cash Flows from Financing Activities |
|
|
|
|
| Dividends paid to minority shareholders |
(1,962) |
(2,354) |
– |
– |
| Proceeds from issue of shares |
33,316 |
5,817,804 |
33,316 |
5,817,804 |
| Redemption of Debentures |
(2,244,410) |
– |
(2,244,410) |
– |
| Redemption of Preference shares |
(1,000,000) |
– |
(1,000,000) |
– |
| Share/Debenture issue expenses incurred |
– |
(82,321) |
– |
(82,321) |
| Net increase/(decrease) in other borrowings |
(5,067,195) |
(1,058,032) |
(5,067,122) |
(1,057,931) |
| Dividends paid to equity holders |
(1,524,685) |
(1,734,416) |
(1,524,685) |
(1,734,416) |
| Net cash inflow/(outflow) from financing activities |
(9,804,936) |
2,940,681 |
(9,802,901) |
2,943,136 |
| Net increase in cash and cash equivalents |
7,906,664 |
2,476,808 |
7,906,498 |
2,469,499 |
Cash and cash equivalents at
beginning of the period |
16,208,247 |
13,731,439 |
16,208,208 |
13,738,709 |
Cash and cash equivalents at end of
the period (Refer Note 13) |
24,114,911 |
16,208,247 |
24,114,706 |
16,208,208 |
| |
|
|
|
|
| Reconciliation of Operating Profit |
|
|
|
|
| |
|
|
|
|
| Profit before taxation |
7,416,248 |
6,790,849 |
7,520,142 |
6,704,729 |
| |
|
|
|
|
| Add/(Less): |
|
|
|
|
| Accrued interest on loans & advances |
(221,197) |
(480,943) |
(221,197) |
(480,943) |
| Accrued interest on deposits and borrowings |
925,766 |
854,790 |
925,766 |
854,790 |
| Investment income |
(316,417) |
(270,313) |
(359,278) |
(310,441) |
| Share of (profit)/loss of Associates |
(9,085) |
(25,011) |
– |
– |
Notional tax credit on interest on Government
Treasury Bills and Bonds |
(91,910) |
(67,868) |
(87,741) |
(64,486) |
| Capital (gain)/loss on sale of shares |
(221,289) |
(42,953) |
(395,443) |
(51,666) |
| (Profit)/Loss on sale of Property, Plant & Equipment |
(20,052) |
(9,509) |
(10,704) |
(7,583) |
| Depreciation of Property, Plant & Equipment |
478,841 |
391,447 |
419,676 |
358,754 |
| Amortisation of Intangible Assets |
62,993 |
51,993 |
62,993 |
51,629 |
| Amortisation of Leasehold Property |
1,452 |
1,523 |
942 |
1,013 |
| Loan losses & provisions |
2,278,212 |
1,777,476 |
2,278,212 |
1,777,476 |
| (Gain)/Loss on Mark to Market Valuation |
|
|
|
|
| on Treasury Bills and Bonds |
(9,222) |
(7,722) |
(9,222) |
(7,722) |
| (Gain)/loss on Mark to Market Valuation on shares |
30,326 |
48,938 |
30,326 |
48,938 |
| Capital (gain)/loss on Treasury Bills and Bonds |
(48,484) |
(25,354) |
(48,484) |
(25,354) |
| Dividends received from Associates |
676 |
2,772 |
– |
– |
Operating profit before changes in
operating assets and liabilities |
10,256,858 |
8,990,115 |
10,105,988 |
8,849,134 |
|
