|
|
Cash Flows Statement
(for the fiscal year ended
June 30th, 2008)
(LE. In 000's)
|
|
2008 |
2007 |
|
Cash Flows from Operating
Activities |
|
|
|
Profits before taxes |
(55,918) |
(93,381) |
|
Adjustments to Reconcile Net Profit
to Net |
|
|
|
Cash Flows Generated from Operating |
|
|
|
Depreciation and Amortization |
2,850 |
1,281 |
|
Provisions |
24,349 |
3,750 |
|
Revaluation Differences of Investments
offered for Sale |
(7,356) |
1,968 |
|
Revaluation Differences of Traded
investment |
(130) |
- |
|
Provisions Used (other than loans’
Provision) |
(109) |
(3,796) |
|
Provisions no longer Needed |
(3.121) |
- |
|
Revaluation of other Provisions |
(59) |
(2) |
|
Loss (Gain) on Sale of Fixed Assets
|
(272) |
(4) |
|
Loss (Gain) on Sale of Financial Investments
|
(7,905) |
(20,634) |
|
Income Taxes Paid |
(7,708) |
(7,680) |
|
Operating Profits before changes in
Operating Assets & Liabilities |
(55,379) |
(118,498) |
|
Net Decrease (Increase) in Assets |
|
|
|
Traded Investments |
- |
(1000) |
|
Deposits with Banks |
(5,988) |
(6,972) |
|
Loans to customers and Banks
|
(162,764) |
(12,323) |
|
Other
Debit Balances |
(54,150) |
1,501 |
|
Net Increase (Decrease) in
Liabilities |
|
|
|
Due to Banks |
(192,718) |
(131,942) |
|
Customers' Deposits |
135,787 |
156,695 |
|
Credit Balances and Other
Liabilities |
18,348 |
20,256 |
|
Subordinated Deposit |
139,920 |
(29,668) |
|
Net Cash Flows from
(Used in) Operating
Activities (1) |
(176,944) |
(121,951) |
|
Cash Flows from Investment
Activities |
|
|
|
Revenues from Sale of Investments |
13,404 |
22,250 |
|
Revaluation Differences of
Investments Held to Maturity |
(1,256) |
- |
|
Revenues from Sale of Fixed Assets |
272 |
4 |
|
Purchase of Investments offered for
Sale |
(68,688) |
(1,024) |
|
Purchase of Investments Held to
Maturity |
(25,410) |
- |
|
Purchase of Fixed Assets and
Branches Preparation |
(5,913) |
(4,024) |
|
Net Cash Flows from (Used
in)
Investment Activities (2) |
(87,591) |
17,206 |
|
Cash Flows from
Financing Activities |
|
|
|
Increase (Decrease) in Bonds |
- |
(200,000) |
|
Increase (Decrease) in Long Term
loans |
831 |
(18,205) |
|
Increase (Decrease) in Transferred
loss |
(187) |
- |
|
Change in the Value of Subordinated
Deposits |
260,080 |
329,668 |
|
Net Cash Flows from (Used
in) Financing Activities(3) |
260,724 |
111,463 |
|
Net Increase (Decrease) in Cash and
Cash Items (1+2+3) |
(3,811) |
6,718 |
|
Cash and Cash Items at the Beginning
of the Period |
22,638 |
15,920 |
|
Net Cash and Cash Items at the end of
the Period |
18,827 |
22,638 |
|
Cash and Cash Items as follows
|
|
|
|
Cash Due from Central Bank of Egypt |
14,511 |
16,771 |
|
Due from Banks |
4,316 |
5,867 |
|
Cash and Cash Items |
18,827 |
22,638 |
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