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AfrAsia Bank Limited and its Group Entities
Annual Report 2015
page 190
THE GROUP
THE BANK
2015
2014
2013
2015
2014
2013
Notes
MUR
MUR
MUR
MUR
MUR
MUR
OPERATING ACTIVITIES
(Loss)/Profit before tax
(74,801,653)
400,517,945
240,713,475
254,238,613
289,211,743
340,087,597
Adjustments for:
Change in operating assets
34(b)
(12,738,312,383)
(8,182,496,447) (3,252,573,700)
(13,662,318,708)
(7,214,283,173) (3,151,902,485)
Change in operating liabilities
34(c)
25,007,791,177
16,126,764,207 8,699,014,329
25,017,056,326
14,702,515,768
8,677,131,579
Non-cash items included in profit before
tax
34(d)
606,032,212
186,165,231
205,464,727
1,150,817,452
329,478,856
43,861,873
Tax paid
(97,772,866)
(55,408,902)
(25,508,399)
(83,329,156)
(44,845,290)
(25,364,911)
Net cash flows from operating activities
12,702,936,487
8,475,542,034
5,867,110,432
12,676,464,527
8,062,077,904 5,883,813,653
INVESTING ACTIVITIES
Purchase of equipment
23
(48,857,517)
(46,704,683)
(19,964,487)
(46,867,164)
(44,733,223)
(19,964,487)
Purchase of investment in associates
22
-
(144,693,183)
(643,843)
-
-
-
Purchase of intangible assets
24
(19,110,619)
(29,383,716)
(4,039,565)
(19,081,035)
(28,869,891)
(4,039,565)
Investment in subsidiaries
18
-
-
-
-
(250,693,183)
(20,000,000)
Investment in joint venture
-
-
(500,000)
-
-
-
Purchase of available-for-sale financial
investments
(25,357,471)
(300,575,661)
(25,662,280)
-
-
-
Acquisition of subsidiaries, net of cash
acquired
19
-
(225,689,438)
-
-
-
-
Dividend income
-
-
23,413,740
-
-
-
Net cash flows used in investing activities
(93,325,607)
(747,046,681)
(27,396,435)
(65,948,199)
(324,296,297)
(44,004,052)
FINANCING ACTIVITIES
Issue of shares
820,436,380
1,453,290,254
296,135,926
820,436,380
1,439,290,254
296,135,926
Disposal/(acquisition) of treasury shares
31
405,776,236
(405,776,236)
-
405,776,236
(405,776,236)
-
Dividends paid
(185,649,039)
(116,027,201)
(88,068,022)
(185,649,039)
(116,027,201)
(88,068,022)
Net cash flows from financing activities
1,040,563,577
931,486,817
208,067,904
1,040,563,577
917,486,817
208,067,904
Net cash flows for the year
13,650,174,457
8,659,982,170
6,047,781,901
13,651,079,905
8,655,268,424
6,047,877,505
Movement in cash and cash equivalents
Cash and cash equivalents at 1 July
17,638,539,596
8,967,488,944
2,919,642,013
17,622,720,763
8,967,452,339
2,919,574,834
Net increase in cash and cash equivalents
13,650,174,457
8,659,982,170
6,047,781,901
13,651,079,905
8,655,268,424
6,047,877,505
Net foreign exchange difference
(683,056)
11,068,482
65,030
-
-
-
Cash and cash equivalents at 30 June
34(a)
31,288,030,998
17,638,539,596
8,967,488,944
31,273,800,668
17,622,720,763
8,967,452,339
Operational cash flows from interest
Interest paid
(695,169,298)
567,015,589
566,729,381
(687,472,519)
560,039,806
576,208,690
Interest received
1,506,180,943
1,311,305,734
725,408,056
1,511,987,727
1,302,179,715
725,410,605
The notes on pages 191 to 307 form an integral part of these financial statements.
Auditors’ report on page 185.
StatementS of CaSh flowS
for the year ended 30 June 2015