2001

         2000

       YR’000’s 

        YR’000’s    

Cash flows from operating activities:

Net profit

     373,350

  405,044

Adjustments to reconcile net profit to cash flows from operating activities

Depreciation

       57,740

     56,006

Provisions

       84,497

    113,491

Provision used

(     51,002   )

(    43,321 )

Profit on sale of fixed assets

               -         

(    17,260 )

Return of unrestricted investment accounts

  1,219,183

    883,313

Operating profit before changes in assets & liabilities related to operating activities

  1,683,768

 1,397,273

Reserve balances with CBY

( 1,389,395  )

     246,459

Net (increase) decrease in debit balances and other assets

( 1,657,784  )

     318,993

Net Increase in credit balances and other liabilities

   389,136

    133,311

Net cash flows (used in) provided by operating activities (1)

( 974,275    )

  2,096,036

Cash flows from investing activities:

(Increase) in Murabaha and Istisna’ financing contracts

(    3,326,930 )

( 7,332,164  )

(Increase) in Mudaraba and related debts

(       174,435 )

(          873  )

(Increase) in Musharaka and related debts

(       244,141 )

(      16,875  )

(Increase) deposits in financial institutions

(    5,249,813 )

               -

Payments to purchase property and equipment

(        76,549 )

(     230,767 )

Proceeds from sale of property and equipment

         -          

        18,632

Net cash flows (used in) investing activities (2)

(    9,071,868 )

( 7,562,047 )

Cash flows from financing activities:

Increase in unrestricted investment and savings accounts

     8,101,868

  8,694,651

Net increase in current accounts and other deposits

     3,593,561

     286,357

Increase in paid-up capital

               -         

     750,000

Issuance premium

               -         

       16,444

Return paid

(      883,313 )

(      439,289 )

Dividends paid accounts

(      117,000 )

(      154,500 )

Increase (decrease) in due to banks and financial institutions

       251,785

(        35,997 )

Net cash flows provided by financing activities (3)

  10,946,901

    9,117,666

Net increase in cash and cash equivalent (1+2+3)

       900,758

    3,651,655

Cash and cash equivalent at the beginning of the year

    5,372,734

    1,721,079

Cash and cash equivalent at end of the year

    6,273,492

    5,372,734

Cash and cash equivalent consist of:

Cash on hand

    2,146,562

    1,650,866

Due from banks

    4,126,930

    3,721,868

Total

    6,273,492

    5,372,734