| GROUP | Bank | ||||
| For the year ended December 31, | 2019 | 2018 | 2019 | 2018 | |
| Note | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | |
| Cash flows from operating activities | |||||
| Profit before income tax | 22,983,896 | 26,098,548 | 22,339,105 | 25,591,208 | |
| Adjustments for: | |||||
| Non-cash items included in profit before tax | 65 | 14,014,272 | 12,380,685 | 13,702,213 | 12,056,211 |
| Change in operating assets | 66 | (84,218,375) | (169,379,105) | (74,749,286) | (167,137,925) |
| Change in operating liabilities | 67 | 69,879,669 | 138,876,499 | 65,515,273 | 135,473,881 |
| (Gains)/losses on sale of property, plant and equipment | 17 | (19,731) | (9,311) | (7,958) | 3,633 |
| Share of profits in associates, net of tax | 38.1 | (9,992) | (6,048) | – | – |
| Dividend income from subsidiaries | 17 | – | – | (85,397) | (80,575) |
| Interest expense on subordinated liabilities | 13.2 | 3,848,979 | 3,105,553 | 3,848,979 | 3,105,553 |
| Net unrealised gains/(losses) arising from translating the Financial Statements of foreign operations |
57.5 | (396,201) | 3,003,952 | (399,787) | 2,557,517 |
| Profit due to change in ownership | 17 | – | – | (14,498) | (3,344) |
| Benefits paid on defined benefit plans | (198,799) | (382,409) | (194,728) | (376,995) | |
| Income tax paid | 49 | (8,301,839) | (5,971,026) | (8,087,930) | (5,856,270) |
| Net cash from/(used in) operating activities | 17,581,879 | 7,717,338 | 21,865,986 | 5,332,894 | |
| Cash flows from investing activities | |||||
| Net purchase of property, plant and equipment | 39.1 to 39.4 |
(1,372,832) | (2,079,875) | (1,307,244) | (1,936,205) |
| Proceeds from sale of property, plant and equipment | 24,189 | 53,314 | 11,025 | 18,954 | |
| Purchase of financial investments | (95,031) | (697,591) | (95,031) | (697,591) | |
| Proceeds from sale and maturity of financial investments | 3,428,080 | 2,096,712 | 3,428,080 | 2,096,712 | |
| Net purchase of intangible assets | 41.1 & 41.2 | (415,088) | (406,641) | (387,432) | (333,181) |
| Proceeds due to change in ownership | 21,503 | 4,962 | 21,503 | 4,962 | |
| Acquisition of a subsidiary, net of cash acquired | (91,716) | – | (754,657) | (1,255,800) | |
| Dividends received from investments in subsidiaries | 17 | – | – | 85,397 | 80,575 |
| Net cash from/(used in) investing activities | 1,499,105 | (1,029,119) | 1,001,641 | (2,021,574) | |
| Cash flows from financing activities | |||||
| Net proceeds from issue of ordinary voting shares | 53 | 30,128 | 203,083 | 30,128 | 203,083 |
| Proceeds from issue of subordinated liabilities | 52 | – | 10,000,000 | – | 10,000,000 |
| Interest paid on subordinated liabilities | (3,873,107) | (2,496,230) | (3,873,107) | (2,496,230) | |
| Repayment of principal portion of lease liabilities | 50.1 | (1,049,004) | – | (1,165,340) | – |
| Dividend paid to non-controlling interest | 58 | (4,988) | (4,218) | – | – |
| Dividend paid to shareholders of the Bank | (4,857,563) | (4,703,903) | (4,857,760) | (4,703,903) | |
| Net cash from/(used in) financing activities | (9,754,534) | 2,998,732 | (9,866,079) | 3,002,950 | |
| Net increase/(decrease) in cash and cash equivalents | 9,326,450 | 9,686,951 | 13,001,548 | 6,314,270 | |
| Cash and cash equivalents as at January 1, | 44,360,375 | 34,673,424 | 39,538,889 | 33,224,619 | |
| Gross cash and cash equivalents as at December 31, | 28 | 53,686,825 | 44,360,375 | 52,540,437 | 39,538,889 |
| Less: Impairment charges | 28.1 | (5,707) | (4,413) | (5,707) | (4,413) |
| Cash and cash equivalents as per Statement of Financial Position | 28 | 53,681,118 | 44,355,962 | 52,534,730 | 39,534,476 |
The Notes appearing on this Annual Report form an integral part of these Financial Statements.