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Explain the major trends in the following cash flow statement.

Explain the major trends in the following cash flow statement.

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