Explain the major trends in the following cash flow statement.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Explain the major trends in the following cash flow statement. 

BANK ALFALAH LIMITED AFGHANISTAN
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2019
31 December 31 December
2019
2018
Note
AFN '000'
AFN '000'
Cash flows from operating activities
Profit before taxation
186,896
492,050
Adjustments for:
Depreciation
Finance cost on lease liabilities
9.
16,790
2,705
14
1,776
Credit losses (reversal) / expense excluding cash and cash
equivalents
Gain on disposal of property and equipment
Exchange loss on lease liabilities
Gain on settlement of Interest rate swaps - net
21
4,654
(57,772)
(16)
374
(607)
209,867
(29,233)
407,750
Changes in:
Loans and advances to financial institutions net
Loans and advances to customers net
Other assets
(469,800)
610
585,648
(42)
25, 163
Deposits from banks
Deposits from customers
Other liabilities
172,187
(690)
(74,941)
3,710
(2,018,251)
(2,443,477)
(24,524)
(3,467,733)
Net cash (used in)/ generated from operations
(159,057)
Таx paid
Cash flows used in operating activities
(35,578)
(194,635)
(28,383)
(3,496,116)
Acquisition of operating fixed assets
Proceeds from disposal of property and equipment
Investment sold/ (made) - net
Net cash generated from investing activities
9
(11,437)
(260)
23
(4,959,986)
(4,971,400)
4,211,994
4,211,734
Cash flows from financing activities
Payment against lease liabilities
Remittances to the Head Office
(16,021)
(242,035)
(258,056)
15
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalent at beginning of the year
Cash and cash equivalents at end of the year
(5,424,091)
10,651,486
5,227,395
715,619
9,935,867
10,651,486
The annexed notes 1 to 30 form an integral part of these financial statements.
Transcribed Image Text:BANK ALFALAH LIMITED AFGHANISTAN STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2019 31 December 31 December 2019 2018 Note AFN '000' AFN '000' Cash flows from operating activities Profit before taxation 186,896 492,050 Adjustments for: Depreciation Finance cost on lease liabilities 9. 16,790 2,705 14 1,776 Credit losses (reversal) / expense excluding cash and cash equivalents Gain on disposal of property and equipment Exchange loss on lease liabilities Gain on settlement of Interest rate swaps - net 21 4,654 (57,772) (16) 374 (607) 209,867 (29,233) 407,750 Changes in: Loans and advances to financial institutions net Loans and advances to customers net Other assets (469,800) 610 585,648 (42) 25, 163 Deposits from banks Deposits from customers Other liabilities 172,187 (690) (74,941) 3,710 (2,018,251) (2,443,477) (24,524) (3,467,733) Net cash (used in)/ generated from operations (159,057) Таx paid Cash flows used in operating activities (35,578) (194,635) (28,383) (3,496,116) Acquisition of operating fixed assets Proceeds from disposal of property and equipment Investment sold/ (made) - net Net cash generated from investing activities 9 (11,437) (260) 23 (4,959,986) (4,971,400) 4,211,994 4,211,734 Cash flows from financing activities Payment against lease liabilities Remittances to the Head Office (16,021) (242,035) (258,056) 15 Net cash used in financing activities Net decrease in cash and cash equivalents Cash and cash equivalent at beginning of the year Cash and cash equivalents at end of the year (5,424,091) 10,651,486 5,227,395 715,619 9,935,867 10,651,486 The annexed notes 1 to 30 form an integral part of these financial statements.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Cash Flow Statement Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education