| |
|
cash flow statement |
|
2008 |
2009 |
|
AED’000 |
AED’000 |
|
|
|
Operating activities |
|
|
Profit / (loss) for the year |
77,184 |
98,161 |
Adjustments: |
|
|
Net fair value gain / (loss) on financial assets through profit or loss |
(21,064) |
6,435 |
Provision for / (realized of) provision for impairment of loans and advanced - net |
(19,944) |
4,989 |
Provision for / (release of) impairment of Murabaha and Estisnaa contracts-net |
--- |
405 |
Impairment loss of available-for-sale financial assets |
6,402 |
--- |
Fair value gain on investment property |
--- |
(44,515) |
| Provision for employee's end of service benefits |
1,077 |
1,256 |
|
|
|
Operating cash flows before changes in assets and liabilities |
43,655 |
66,731 |
|
|
|
Changes in assets and liabilities: |
|
|
Due from other banks |
(10,000) |
70,000 |
Loans and advances before movement in provision, net of provision writeoff |
(161,476) |
(12,167) |
Murabaha and Estisnaa contracts before movement in provision |
2,526 |
11,990 |
| Other assets, before provision |
(34,920) |
2,001 |
Due to a government institution |
(160,000) |
(50,000) |
Other liabilities |
(705) |
(10,556) |
|
|
|
Net cash (used in)/ provided by operating activities |
(320,902) |
77,999 |
|
|
|
Cash Flow from Investing activities |
|
|
Purchase of available-for-sale financial assets |
(798) |
--- |
|
|
|
Cash Flow from Financing activities |
|
|
Dividends paid |
(100,000) |
(50,000) |
|
|
|
Net (decrease)/ increase in cash and cash equivalents |
(421,718) |
27,999 |
|
|
|
Cash and cash equivalents at beginning of the year |
907,604 |
485,886 |
|
|
|
Cash and cash equivalents at end of the year |
485,886 |
513,886 |
|
|
|
| |
|
|