Summary statements of cashflows Group Bank (All amounts are expressed in thousands of Ghana Cedis) 2021 2020 2021 2020 Cash generated from operations Profit before tax 893,732 782,240 886,318 773,737 Depreciation of Right-of-use assets 16,833 13,509 15,097 11,748 Amortisation of intangible assets 23,061 9,495 22,870 9,310 Depreciation of property and equipment 25,753 27,194 24,819 26,233 Impairment – other assets 9,247 (57) 9,247 (57) Impairment – investment in debt and equity instrument 1,230 (309) 1,230 (309) Impairment – loans and advances 261,451 216,114 258,437 213,965 Impairment – contingent liabilities 5,826 (12,053) 5,826 (12,053) Unrealised exchange loss on leases 973 1,543 973 1,543 Unrealised exchange loss on borrowings 767 1,299 767 1,299 Fair value loss on equity securities 1,599 – 1,599 – Unrealised exchange gain on cash and cash equivalents (10,729) (94,927) (10,903) (94,927) Gain on disposal of property and equipment (366) (1,012) (357) (1,012) Interest expense on borrowing 2,274 2,470 2,274 2,470 Remeasurement of leases 191 13,360 – 10,850 Interest expense on leases 5,279 4,847 4,354 3,607 Changes in operating assets and liabilities Loans and advances (977,408) 186,397 (966,931) 177,781 Other assets (189,238) 114,669 (191,718) 159,100 Other liabilities 152,724 101,435 149,748 64,285 Deposits from banks 222,653 (119,647) 163,620 294,163 Deposits from customers 1,423,933 2,075,758 1,491,083 1,661,402 Mandatory reserves (177,838) 52,572 (177,886) 61,589 Placements – 37,879 – 19,615 Cash generated from operations 1,691,947 3,412,776 1,690,467 3,3,84,339 Tax paid (373,692) (223,789) (366,955) (218,625) Cash flows from operating activities 1,318,255 3,188,987 1,323,512 3,165,714 Cash flow from investing activities Government securities – (net) (2,465,170) (1,787,256) (2,286,781) (1,768,668) Proceeds from sale of property and equipment 366 1,012 357 1,012 Payments for property and equipment (17,307) (27,177) (15,537) (23,168) Payments for intangible assets (23) (26,674) – (26,523) Increase in investments in subsidiaries – – – (1,800) Net cash used in investing activities (2,482,134) (1,840,095) (2,301,961) (1,819,147) Cash flow from financing activities Repayment of borrowed funds (20,025) (19,842) (20,025) (19,842) Principal elements of lease payments (26,107) (19,169) (24,213) (16,758) Dividend paid (177,403) (96,765) (177,403) (96,765) Net cash used in financing activities (223,535) (135,776) (221,641) (133,365) Net increase/(decrease) in cash and cash equivalents (1,387,414) 1,213,116 (1,200,090) 1,213,202 E™ects of exchange rate changes on cash and cash equivalents 10,729 94,927 10,903 94,927 Cash and cash equivalents at beginning of year 3,029,150 1,721,107 3,034,214 1,726,085 Cash and cash equivalents at end of the year 1,652,465 3,029,150 1,845,027 3,034,214 Summary statements of changes in equity (All amounts are expressed in thousands […]

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