|
|
| Cash flow Statement
for the year ended 31st March, 2004. |
|
|
|
|
|
(Rs.000
omitted) |
| A. |
Cash
Flow from Operating Activities |
|
2003-04 |
|
2002-03 |
|
|
|
|
|
|
| (I) |
Net
Profit after Tax |
|
11,086,904 |
|
8,422,002 |
|
Add
provision for Tax
(Net of deferred Tax) |
|
6,599,930 |
|
3,406,600 |
|
Profit
Before Taxes |
(i) |
17,686,834 |
|
11,828,602 |
|
|
|
|
|
|
| (II) |
Adjustment
for : |
|
|
|
|
|
Depreciation
Charges (Gross) |
|
1,899,910 |
|
1,375,226 |
|
Less
: Amount drawn from Revaluation Reserve |
|
(85,450) |
|
(85,456) |
|
Provision
for NPAs, Floating Provision
towards NPAs |
|
14,008,165 |
|
9,352,300 |
|
Provision
on Standard Assets |
|
1,672,357 |
|
1,211,100 |
|
Other
Provisions(net) |
|
589,347 |
|
306,100 |
|
Depreciation/(Release)
on Investments ( net) |
|
(356,505) |
|
1,497,400 |
|
Dividend
from subsidiary/ others(Investing
Activity) |
|
(303,000) |
|
(273,000) |
|
Interest
on Subordinate debts (Financing
Activity) |
|
1,951,876 |
|
1,723,832 |
|
Amortisation
Expenses / Deferred
Revenue Expenses
|
|
1,140,745 |
|
1,150,300 |
|
Profit
/ Loss on sale of Fixed Assets(net) |
|
(2,440) |
|
(3,416) |
|
|
(ii) |
20,515,005 |
|
16,254,386 |
|
|
|
|
|
|
|
Operating
Profit before Changes in Operating
Assets and Liabilities |
(i+ii) |
38,201,839 |
|
28,082,988 |
|
|
|
|
|
|
|
Adjustment
for net change in Operating
Assets and Liabilities |
|
|
|
|
|
Decrease/
(Increase) in Investments |
|
(80,597,891) |
|
(59,726,145) |
|
Decrease/
(Increase)
in Advances |
|
(76,045,973) |
|
(64,339,347) |
|
Increase/
(Decrease) in Deposits |
|
121,028,985 |
|
116,900,221 |
|
Increase
/ (Decrease) in Borrowings |
|
6,268,940 |
|
2,535,910 |
|
Decrease
/ (Increase) in Other Assets |
|
(612,968) |
|
(1,898,187) |
|
Increase
/ Decrease in Other Liabilities
& Provisions |
|
6,884,724 |
|
(3,311,755) |
|
|
(iii) |
(23,074,183) |
|
(9,839,303) |
|
Cash
generated from Operations |
(i+ii+iii) |
15,127,656 |
|
18,243,685 |
|
Tax
Paid (net of refund ) |
|
(9,834,718) |
|
(1,234,921) |
|
Net
Cash from Operating Activities |
(A) |
5,292,938 |
|
17,008,764 |
|
|
|
|
|
|
| B. |
Cash
Flow from Investing Activities |
|
|
|
|
|
Purchase
of Fixed Assets (net of Sales) |
|
(2,048,882) |
|
(2,262,595) |
|
Dividends
received from subsidiaries/JV/RRBs |
|
303,000 |
|
273,000 |
|
Loss
of PNB Caps taken over |
|
(16,134) |
|
0 |
|
|
|
|
|
|
|
Net
Cash used in investing Activities |
(B) |
(1,762,016) |
|
(1,989,595) |
|
|
|
|
|
|
| C. |
Cash
Flow from Financing Activities |
|
|
|
|
|
Subordinate
Bonds
Issued |
|
7,650,000 |
|
4,130,000 |
|
Interest
paid on Subordinate Debts |
|
(1,951,876) |
|
(1,723,832) |
|
Payments
of Dividends /Corporate Tax
on Dividend |
|
(1,795,769) |
|
(636,724) |
|
|
|
|
|
|
|
Net
Cash from
Financing Activities |
(C) |
3,902,355 |
|
1,769,444 |
|
|
|
|
|
|
| D |
Net
Change in Cash and Cash Equivalents |
(A+B+C) |
7,433,277 |
|
16,788,613 |
|
|
|
|
|
|
|
Cash
and Cash Equivalents at the
beginning of the year |
|
80,771,865 |
|
63,983,252 |
|
Cash
and Cash Equivalents at the
end of the year |
|
88,205,142 |
|
80,771,865 |
|
|
|
_________
7,433,277
_________ |
|
_________
16,788,613
_________ |
|
|
|
|
|
|
|
Notes: |
|
|
|
|
| 1 |
All
figures in brackets represent
"cash outflow". |
| 2 |
Direct
taxes paid (net of refund)
are treated as arising from
operating activities and are
not bifurcated between investing
& financing activities. |
|
|
|
|
