EQTY Cash Flows
 
Period ended: 31-Dec-10 31-Dec-11 31-Dec-12 31-Dec-13 31-Dec-14
Unit: KES m KES m KES m KES m KES m
Statement type: Restated Restated Audited Audited Audited
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Consolidated Statement of Cash Flows 
Cash flows from operating activities 
Net profit before taxation  9,045 12,834 17,420 19,004 22,364
Adjustments for:
Depreciation 1,343 1,583 2,016 2,182 2,562
Impairment and amortisation of intangible assets and prepaid lease 146 162 300 820 742
Unrealised exchange gains/losses 63 -286 -100 -28
Loss/profit on disposal of property and equipment -7 -4 6 -37
Provision for non-performing loans 1,905 1,630 1,608 2,402 1,591
Share of profit of associate -46 -155 -171 -201 -1,064
Dividends received -49 -49 -80 -84 -100
Interest on term borrowings 602 763 1,474 1,325 1,436
Amortisation of investment property
Operating profit before working capital changes 12,946 16,824 22,277 25,354 27,466
Loans and advances -16,938 -37,159 -23,476 -38,073 -44,398
Other assets -1,071 -1,254 -2,205 -3,906 -4,805
Finance lease receivable 2 1
Customer deposits 34,588 39,734 23,748 27,240 50,430
Due from related parties -96 -16 122 -120 -67
Other liabilties 1,160 -151 804 849 243
Cash generated from operations  30,589 17,980 21,271 11,344 28,868
Income taxes paid -1,294 -2,875 -4,002 -8,677 -6,022
Net cash generated from/used in operating activities  29,295 15,105 17,269 2,667 22,846
Cash flows from investing activities 
Purchase of property, equipment and prepaid leases -1,893 -2,225 -3,782 -3,482 -3,399
Purchase of intangible assets -310 -473 -363 -998 -2,149
Proceeds from sale of property and equipment 22 25 27 206 142
Proceeds from sale of investment in associate 2,780
Dividend received 49 49 80 84 100
Purchase of investment securities -31,534 -22,546 -25,893 -15,008 -16,528
Proceeds from sale of investment securities 10,628 23,959 15,625 11,565 13,076
Restricted balances with central bank -1,820
Increase in investments in other subsidiaries -27
Net cash used in investing activities  -24,858 -1,211 14,306 -7,633 -6,004
Cash flows from financing activities 
Dividend paid -1,481 -2,962 -3,703 -4,628 -5,554
Proceeds from long term borrowings 2,631 8,096 13,581 1,799 6,533
Repayment of long term borrowings -1,154 -1,267 -1,804 -1,632 -3,027
Interest paid on term borrowings -602 -763 -1,474 -1,325 -1,436
Net cash used in/generated from financing activities  -606 3,104 6,600 -5,786 13,358
Net increase/decrease in cash and cash equivalents 3,831 16,998 9,563 -10,727 13,358
Effect of foreign exchange differences -143 -219 289 121 279
Restricted balances with central bank  –  –  –  – -1,179
Cash and cash equivalents at the beginning of the year 9,752 18,503 35.282 45,134 34,528
Cash and cash equivalents at the end of the year  13,440 35,282 45,134 34,528 47,039