Financial Reports
Statement Of Cash Flows
| For the year ended 31 December | Note | Bank | Group | ||
|---|---|---|---|---|---|
| 2024 LKR '000 |
2023 LKR '000 |
2024 LKR '000 |
2023 LKR '000 |
||
| Cash flows from operating activities | |||||
| Profit before income tax | 106,904,268 | 40,342,423 | 108,221,467 | 41,773,025 | |
| Adjustments for: | |||||
| Net interest income | 8 | (167,552,460) | (91,187,586) | (171,727,800) | (95,510,112) |
| Dividend income | 10/13 | (441,824) | (322,009) | (452,739) | (389,099) |
| Dividends from subsidiaries and associates | 13 | (445,167) | (372,900) | - | - |
| Share of (profits)/ losses of associate companies, net of tax | 19 | - | - | (86,425) | (33,507) |
| Change in operating assets | 56.1 | (31,161,806) | 130,572,896 | (40,159,508) | 126,112,293 |
| Change in operating liabilities | 56.2 | 506,426,493 | 106,210,544 | 517,281,906 | 108,724,603 |
| Other non-cash items included in profit before tax | 56.3 | (12,906,185) | 15,602,055 | (13,154,644) | 15,942,446 |
| Other net (gains)/ losses from investing activities | 2,091,155 | (2,220,585) | 1,178,364 | (2,918,851) | |
| 402,914,474 | 198,624,838 | 401,100,621 | 193,700,798 | ||
| Benefit paid from defined benefit plans | (12,902,730) | (12,851,008) | (13,005,447) | (12,858,497) | |
| Interest received | 317,771,463 | 287,270,252 | 323,352,205 | 292,995,798 | |
| Interest paid | (297,301,377) | (402,296,042) | (300,549,655) | (405,747,564) | |
| Dividends received | 67,751 | 83,926 | 67,751 | 96,176 | |
| Net cash from/ (used in) operating activities before income tax | 410,549,581 | 70,831,966 | 410,965,475 | 68,186,711 | |
| Income tax paid | 45 | (18,924,494) | (12,124,580) | (19,294,206) | (12,604,215) |
| Net cash from/ (used in) operating activities | 391,625,087 | 58,707,386 | 391,671,269 | 55,582,496 | |
| Cash flows from investing activities | |||||
| Net increase in financial investments at amortised cost | (595,497,409) | (97,158,853) | (595,638,730) | (96,952,346) | |
| Net increase in financial assets measured at fair value through OCI | (974,336) | (38,256,489) | (1,773,298) | (39,468,843) | |
| Purchase of property, plant and equipment | (5,010,986) | (3,177,730) | (5,325,538) | (3,578,110) | |
| Purchase of intangible assets | (508,908) | (476,639) | (544,655) | (478,130) | |
| Proceeds from sale of property, plant and equipment | 17,937 | 60,688 | 32,537 | 96,196 | |
| Dividends received | 819,240 | 610,983 | 384,988 | 292,923 | |
| Interest received | 204,156,350 | 179,414,013 | 206,247,787 | 181,368,386 | |
| Net cash from/ (used in) investing activities | (396,998,112) | 41,015,973 | (396,616,909) | 41,280,076 | |
| Cash flows from financing activities | |||||
| Net increase in other borrowings | (3,577,049) | (63,812,127) | (4,594,255) | (66,809,723) | |
| Proceeds from issue of debentures/ capital bonds | 15,000,000 | 10,000,000 | 15,000,000 | 10,622,830 | |
| Payments on redemption of debentures | (9,149,654) | (10,385,589) | (9,149,654) | (10,385,589) | |
| Dividends paid to equity holder of the Bank | - | (173,205) | - | (173,205) | |
| Dividends paid to non-controlling interest | - | - | (6,809) | (5,437) | |
| Interest payments on borrowings and debt securities | (15,960,233) | (20,424,195) | (16,219,410) | (20,275,762) | |
| Net cash from/ (used in) financing activities | (13,686,936) | (84,795,116) | (14,970,128) | (87,026,886) | |
| Net increase/ (decrease) in cash and cash equivalents during the year | (19,059,961) | 14,928,243 | (19,915,768) | 9,835,686 | |
| Cash and cash equivalents at the beginning of the year | 133,441,074 | 118,512,831 | 135,144,996 | 125,309,310 | |
| Cash and cash equivalents at the end of the year | 114,381,113 | 133,441,074 | 115,229,228 | 135,144,996 | |
| Analysis of cash and cash equivalents | |||||
| Cash and cash equivalents | 22 | 115,422,407 | 135,550,505 | 116,281,852 | 137,369,158 |
| Bank overdrafts | 39 | (1,041,294) | (2,109,431) | (1,052,624) | (2,224,162) |
| Cash and cash equivalents at the end of the year | 114,381,113 | 133,441,074 | 115,229,228 | 135,144,996 | |
The Notes to the Financial Statements from pages 194 to 349 form an integral part of these Financial Statements.