Statement of Cash Flows
| GROUP | BANK | ||||
| For the year ended December 31, | Note | 2013 | 2012 | 2013 | 2012 |
| Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | ||
| Cash Flows from Operating Activities | |||||
| Profit before income tax | 14,692,751 | 14,312,914 | 14,510,519 | 14,295,333 | |
| Adjustment for; | |||||
| Non-cash items included in profits before tax | 57 | 5,631,697 | 4,485,422 | 5,722,985 | 4,439,746 |
| Change in operating assets | 58 | (102,199,550) | (66,274,558) | (102,163,495) | (66,187,706) |
| Change in operating liabilities | 59 | 77,034,423 | 59,823,290 | 77,067,488 | 59,799,214 |
| Net (gains)/losses from investing activities | (11,115) | (10,385) | (233) | 3,866 | |
| Share of profits in associates | (7,118) | (12,360) | – | – | |
| Dividend income from subsidiaries and associates | 2,691 | 8,615 | (72,530) | (78,430) | |
| Interest expense on subordinated liabilities | 619,126 | 132,806 | 619,126 | 132,806 | |
| Benefits paid on defined benefit plans | (47,891) | (34,588) | (46,147) | (32,845) | |
| Income taxes paid | (4,955,764) | (2,563,437) | (4,907,613) | (2,564,629) | |
| Net unrealised gain from translation of financial statements of foreign operations |
361,343 | 548,545 | 350,969 | 550,827 | |
| Net cash from/(used in) operating activities | (8,879,407) | 10,417,335 | (8,918,931) | 10,358,182 | |
| Cash Flows from Investing Activities | |||||
| Net purchase of property, plant & equipment | (957,152) | (1,227,853) | (956,337) | (1,165,413) | |
| Proceeds from sale of property, plant & equipment | 31,431 | 70,715 | 11,927 | 11,722 | |
| Purchase of financial investments | (2,749,888) | (618,517) | (2,749,888) | (618,517) | |
| Proceeds from sale and maturity of financial investments | 1,723,893 | 1,090,366 | 1,723,893 | 1,090,366 | |
| Net purchase of intangible assets | (119,903) | (202,433) | (119,449) | (202,433) | |
| Net cash flow from acquisition of investment in subsidiaries and associates |
– | – | – | (20,628) | |
| Dividends received from investment in subsidiaries and associates |
– | – | 72,530 | 78,430 | |
| Net cash used in investing activities | (2,071,619) | (887,722) | (2,017,324) | (826,473) | |
| Cash Flows from Financing Activities | |||||
| Net proceeds from issue of ordinary share capital | 76,074 | 62,942 | 76,074 | 62,942 | |
| Net proceeds from subordinated liabilities | 9,825,000 | – | 9,825,000 | – | |
| Repayment of subordinated liabilities | (550) | – | (550) | – | |
| Interest paid on subordinated liabilities | (492,745) | (132,429) | (492,745) | (132,429) | |
| Dividend paid to non-controlling interests | (2,616) | (2,539) | – | – | |
| Dividend paid to shareholders of the parent company | (3,942,809) | (2,640,377) | (3,942,809) | (2,640,377) | |
| Net cash from/(used in) financing activities | 5,462,354 | (2,712,403) | 5,464,970 | (2,709,864) | |
| Net increase/(decrease) in cash and cash equivalents | (5,488,672) | 6,817,210 | (5,471,285) | 6,821,845 | |
| Cash and cash equivalents at beginning of the year | 19,752,205 | 12,934,995 | 19,732,834 | 12,910,989 | |
| Cash and cash equivalents at end of the year [Refer Note 20] | 14,263,533 | 19,752,205 | 14,261,549 | 19,732,834 | |