ASIA ASSET FINANCE PLC

Page 4

STATEMENT OF CASH FLOW

FOR THE QUARTER ENDED 30TH SEPTEMBER, 2022

30.09.2022

30.09.2021

Rs.

Rs.

Unaudited*

Unaudited*

Cash Flows From / (Used in) Operating Activities

Profit Before Tax

210,109,879

70,623,759

Adjustments for

Depreciation and amortization

32,737,987

32,088,006

Amortization of - right of use asset

34,964,351

26,696,298

Interest expenses on Lease Liability

14,702,500

12,927,888

Impairment of lease hire purchase, loans and advances

270,402,898

179,904,257

Gain /(Loss )Expiration of operating lease agreement during the year

(2,166,889)

-

Early termination of loans, leases and hire purchase

(4,920,198)

(20,565,904)

Provision for retirement benefit liability

3,600,000

3,600,000

Interest expense on Debenture

146,050,520

60,655,766

Gains from sale of property, plant and equipment, investment property

(3,097,201)

(3,142,130)

Interest expense on other borrowings

490,676,193

251,186,955

Profit from Operation Before Working Capital Changes

1,193,060,038

613,974,895

-

(Increase)/Decrease in Lease Rentals Receivable and Hire Purchase

355,625,813

709,205,244

(Increase)/decrease in loans and advances

(2,671,880,343) #

(1,817,805,860)

(Increase)/Decrease in Deposits and Prepayments

(41,653,819)

67,194,034

(Increase)/Decrease in Deposits from Customers

1,326,298,510

1,438,930,514

Increase/(decrease) Other non-financial liabilities

152,959,728

(9,736,948)

Net Cash From/(Used in) Operating Activities before Income Tax Payments

314,409,927

1,001,761,879

Gratuity paid

(2,135,400)

(1,445,249)

Rent paid

(34,576,030)

(27,958,068)

Net Cash From Operating Activities

277,698,497

972,358,562

Cash Flows from / (Used in) Investing Activities

Acquisition of Property, Plant and Equipment

(25,574,447)

(26,610,593)

Acquisition of intangible assets

(12,443,299)

(9,646,942)

Proceeds from sale of investment property

40,000,000

-

Expenses incurred of investment property

(3,826,500)

-

Acquisition of Investment Property

-

12,210,241

Proceeds from sale of property, plant and equipment

1,733,803

504,228

Net Cash Flows From/(Used in) Investing Activities

(110,443)

(23,543,066)

Cash Flows from / (Used in) Financing Activities

Repayment of Other Borrowed Funds

(1,873,384,021)

(2,274,183,052)

Proceed from debenture issue

-

992,275,770

Repayment of debenture

(107,042,906)

(2,691,326)

Proceeds from preference share issue

-

413,985,110

Divident Payment to preference shareholders

(28,978,447)

-

Proceeds from Other Borrowed Funds

2,632,000,000

1,463,000,000

Net Cash Flows From/(Used in) Financing Activities

622,594,627

592,386,502

Net Increase in Cash and Cash Equivalents

900,182,681

#

1,541,201,998

Cash and Cash Equivalents at the Beginning of the Period

2,348,075,362

#

1,636,647,031

Cash and Cash Equivalents at the End of the Period

3,248,258,044

3,177,849,028

At the End of the Period

Cash and Cash Equivalents

1,309,781,105

1,589,684,144

Investment in Reverse Repurchase Agreements Against Treasury Bills and Bonds

1,946,282,738

1,615,778,416

Bank Overdraft

(7,805,799)

(27,613,532)

3,248,258,044

3,177,849,028

1

* The above figures are provisional and subject to audit.

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Asia Asset Finance Ltd. published this content on 21 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2022 05:19:04 UTC.