| |
|
cash flow statement |
|
2010 |
2009 |
|
AED’000 |
AED’000 |
|
|
|
Operating activities |
|
|
Profit / (loss) for the year |
47,732 |
98,161 |
Adjustments: |
|
|
Net fair value gain / (loss) on financial assets through profit or loss |
(2,038) |
6,435 |
Provision for / (realized of) provision for impairment of loans and advanced - net |
6,383 |
4,989 |
Provision for / (release of) impairment of Murabaha and Estisnaa contracts-net |
(6,734) |
405 |
Gain from disposals of available-for-sale financial assets |
(407) |
--- |
Fair value gain on investment property |
17,047 |
(44,515) |
Depreciation at properity and equipment |
545 |
509 |
| Provision for employee's end of service benefits |
1,353 |
1,256 |
|
|
|
Operating cash flows before changes in assets and liabilities |
63,881 |
67,240 |
|
|
|
Changes in assets and liabilities: |
|
|
Due from other banks |
(403,074) |
70,000 |
Loans and advances before movement in provision, net of provision writeoff |
85,830 |
(12,167) |
Murabaha and Estisnaa contracts before movement in provision |
12,674 |
11,990 |
| Other assets, before provision |
(2,989) |
1,492 |
Due to a government institution |
350,083 |
(50,000) |
Other liabilities |
(2,616) |
(10,556) |
|
|
|
Net cash (used in)/ provided by operating activities |
103,789 |
77,999 |
|
|
|
Cash Flow from Investing activities |
|
|
Proceeds from sale of available-for-sale financial assetsa |
1,480 |
--- |
Transfer from other assets to investment properoty |
(47) |
--- |
|
|
|
Net cash generated from investing activities |
1,433 |
--- |
| |
|
|
Cash Flow from Financing activities |
|
|
Dividends paid |
--- |
(50,000) |
|
|
|
Net cash generated from/(used in) financinf activities |
--- |
(50,000) |
| |
|
|
Net increase in cash and cash equivalents |
105,222 |
27,999 |
|
|
|
Cash and cash equivalents at beginning of the year |
513,222 |
485,886 |
|
|
|
Cash and cash equivalents at end of the year |
619,107 |
513,885 |
|
|
|
| |
|
|