Financial Reports

Statement of Cash Flows

For the year ended 31 December	Note	2020 LKR	2019 LKR
Cash flows from/(used in) operating activities
Interest received		13,826,069,617	14,898,176,741
Fee and commission received		371,105,945	216,362,778
Receipts from other operating activities		(537,936,192)	(221,855,717)
Interest payment		(9,374,607,193)	(9,546,853,352)
Cash payment to employees		(2,356,032,878)	(2,134,949,329)
Payments to suppliers and other operating activities		(1,127,087,699)	(1,601,603,518)
Fee and commission expenses		(14,334,115)	(6,506,626)
VAT and NBT on financial services		(571,027,269)	(437,628,469)
Operating profit before changes in operating assets		216,150,216	1,165,142,508
(Increase)/decrease in operating assets
Funds advanced to customers		(15,761,587,125)	(9,169,985,133)
Other short-term securities		588,710,505	(719,925,694)
Increase/(decrease) in operating liabilities
Deposits from customers		20,724,939,448	5,121,426,361
Net cash from operating activities before income tax		5,768,213,043	(3,603,341,958)
Income tax paid		(582,397,559)	(316,666,487)
Net cash from operating activities		5,185,815,484	(3,920,008,445)
Cash flows from/(used in) investing activities
Dividend received	7	320,000	240,800
(Increase)/decrease in dealing securities		(799,209,693)	(3,265,052,634)
(Increase)/decrease in treasury bonds and other investments		(1,629,228,669)	(2,932,143,523)
Proceeds from sale of property, plant and equipment		8,178,027	14,467,863
Purchase of property, plant and equipment	21	(214,731,711)	(171,644,938)
Purchase of intangible assets	24	(153,652,601)	(323,857,065)
Net cash flow from acquisition of investment in subsidiary	20	(6,163,100)	–
Net cash from/(used in) investing activities		(2,794,487,747)	(6,677,989,497)
Cash flows from/(used in) financing activities
Proceeds from issuance/allotment of shares		1,526,267,201	–
Dividend paid	34	(114,022,069)	–
Repayment of long-term borrowing		(20,270,734,411)	(15,195,146,100)
Interest paid on subordinated debt		(455,970,984)	(283,958,008)
Increase/(decrease) in borrowing		18,534,311,975	20,375,878,347
Funds received/(utilised) during the period		42,000	–
Net cash flow from/(used in) financing activities		(780,106,290)	4,896,774,239
Net increase/(decrease) in cash and cash equivalents		1,611,221,448	(5,701,223,703)
Cash and cash equivalents at the beginning of the year	14.3	10,914,678,681	16,615,902,384
Cash and cash equivalents at the end of the year	14.3	12,525,900,129	10,914,678,682

The Accounting Policies and Notes on pages 142 through 194 form an integral part of the Financial Statements.