Financial Reports

• Financial Calendar
• Annual Report of the Board of Directors on the Affairs of the Bank
• Directors’ Statement on Internal Control over Financial Reporting
• Independent Assurance Report
• Chief Executive Officer’s and Chief Financial Officer’s Responsibility Statement
• Statement of Directors’ Responsibility for Financial Reporting
• Independent Auditors’ Report
• Statement of Comprehensive Income
• Statement of Financial Position
• Statement of Changes in Equity
• Statement of Cash Flows
• Notes to the Financial Statements

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Statement of Cash Flows

For the year ended 31 December	Note	2019 LKR	2018 LKR
Cash flows from/(used in) operating activities
Interest received		14,898,176,741	12,879,033,724
Fee and commission received		216,362,778	218,856,327
Receipts from other operating activities		(221,855,717)	65,627,056
Interest payment		(9,546,853,352)	(7,836,343,603)
Cash payment to employees		(2,134,949,329)	(1,953,287,233)
Payments to suppliers and other operating activities		(1,601,603,518)	(2,103,279,424)
Fee and commission expenses		(6,506,626)	(4,396,881)
VAT and NBT on financial services		(437,628,469)	(415,643,540)
Operating profit before changes in operating assets		1,165,142,508	850,566,426
(Increase)/decrease in operating assets
Funds advanced to customers		(9,169,985,133)	(11,345,449,448)
Other short-term securities		(719,925,694)	590,167,755
Increase/(decrease) in operating liabilities
Deposits from customers		5,121,426,361	7,570,087,169
Net cash from operating activities before income tax		(3,603,341,958)	(2,334,628,098)
Income tax paid		(316,666,487)	(162,478,859)
Net cash from operating activities		(3,920,008,445)	(2,497,106,956)
Cash flows from/(used in) investing activities
Dividend received		240,800	476,587
(Increase)/decrease in dealing securities		(3,265,052,634)	4,607,874,303
(Increase)/decrease in treasury bonds and other investments		(2,932,143,523)	1,617,468,415
Proceeds from sale of property, plant and equipment		14,467,863	59,872,470
Purchase of property, plant and equipment	19	(171,644,938)	(216,934,545)
Purchase of intangible assets	22	(323,857,065)	–
Net cash from/(used in) investing activities		(6,677,989,497)	6,068,757,231
Cash flows from/(used in) financing activities
Dividend paid		–	(136,947,168)
Repayment of long-term borrowing		(15,195,146,100)	(6,012,141,112)
Interest paid on subordinated debt		(283,958,008)	(137,219,807)
Increase/(decrease) in borrowing		20,375,878,347	12,755,127,856
Funds received/(utilised) during the period		–	(11,463,482)
Net cash flow from/(used in) financing activities		4,896,774,239	6,457,356,287
Net increase/(decrease) in cash and cash equivalents		(5,701,223,703)	10,029,006,562
Cash and cash equivalents at the beginning of the year	13.3	16,615,902,384	6,586,895,822
Cash and cash equivalents at the end of the year	13.3	10,914,678,681	16,615,902,384

The Accounting Policies and Notes on pages 140 through 190 form an integral part of the Financial Statements.