|
Statements of Cash Flows
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Years Ended December 31 |
| |
2006 |
2005 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
| Income before provision for (benefit from) income tax |
P90,838,163 |
250,375,458 |
| Adjustments for: |
|
| Depreciation and amortization |
103,417,608 |
110,762,493 |
Provision for impairment and
credit losses |
71,034,447 |
103,411,270 |
Amortization of computer
software |
23,422,918 |
42,831,290 |
Gains on asset foreclosure and
dacion transactions
|
(11,117,299) |
(63,164,026) |
| Impairment loss on goodwill |
5,000,000 |
5,184,286 |
Losses (gains) on disposal of
investment properties |
(3,937,173) |
3,089,786 |
Unrealized gains on financial
assets at fair value through profit
and loss |
(3,358,580) |
(9,600,000) |
Gain on disposition of equity
investment |
(1,980,051) |
- |
Gains on disposal of bank
premises, furniture, fixtures and
equipment |
(567,083) |
(3,348,563) |
| Changes in operating assets and liabilities: |
| Decrease (increase) in the amounts of: |
Financial assets at fair value
through profit and loss |
1,825,621,959 |
(1,934,638,783) |
|
Loans and receivables |
(2,728,229,366) |
(1,276,950,213) |
|
Other assets |
(284,884,078) |
419,928,074 |
| Increase (decrease) in the amounts of: |
|
Deposit liabilities |
4,019,024,984 |
2,884,006,980 |
Accrued taxes, interest and
other expenses |
(6,309,642) |
20,208,286 |
Cashier's checks and demand
draft payable |
134,329,422 |
45,267,611 |
|
Other liabilities |
221,009,087 |
(203,037,276) |
| Net cash generated from operations |
3,453,315,316 |
394,326,673 |
| Income taxes paid |
(54,876,083) |
(45,492,007) |
| Net cash provided by operating activities |
3,398,439,233 |
348,834,666 |
| CASH FLOWS FROM INVESTING ACTIVITIES |
Purchases of:
Available-for-sale financial assets
Held-to-maturity financial assets
|
(29,581,743,863)
(5,022,820,375) |
(31,733,152,939)
(6,262,867,532) |
Proceeds from sale of:
Available-for-sale financial assets
Held-to-maturity financial assets |
27,303,110,884
6,607,254,792 |
31,720,421,128
31,720,421,128 |
|
Proceeds from disposal of bank premises, furniture, fixtures and equipment |
21,942,841 |
5,499,544 |
|
Additions to bank premises, furniture, fixtures and equipment |
(74,492,141) |
(105,880,910) |
| Proceeds from disposal of investment properties |
77,291,769 |
3,889,153 |
| Proceeds from disposition of equity investment |
151,980,051 |
- |
| Purchases of capitalized computer software |
(11,457,102) |
(11,643,496) |
| Net cash provided by (used in) investing activities |
(528,933,144) |
1,436,578,753 |
| CASH FLOWS FROM FINANCING ACTIVITIES |
| Proceeds from bills payable |
91,412,673,191 |
89,375,232,481 |
| Payments of bills payable |
(90,248,960,305) |
(89,827,495,248) |
| Increase (decrease) in outstanding acceptances |
29,291,235 |
(207,816,508) |
| Net cash provided by (used in) financing activities |
1,193,004,121 |
(660,079,275) |
| NET INCREASE IN CASH AND CASH EQUIVALENTS |
4,062,510,210 |
1,125,334,144 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
| Cash and other cash items |
596,978,313 |
704,042,838 |
| Due from Bangko Sentral ng Pilipinas |
1,520,928,079 |
1,548,489,208 |
| Due from other banks |
773,758,341 |
740,555,243 |
| Interbank loans receivable and securities purchased under resale agreement |
1,300,000,000 |
73,243,300 |
| |
4,191,664,733 |
3,066,330,589 |
| CASH AND CASH EQUIVALENTS AT END OF YEAR |
| Cash and other cash items |
816,819,931 |
596,978,313 |
| Due from Bangko Sentral ng Pilipinas |
3,804,271,284 |
1,520,928,079 |
| Due from other banks |
633,083,728 |
773,758,341 |
| Interbank loans receivable and securities purchased under resale agreement |
3,000,000,000 |
1,300,000,000 |
| |
P 8,254,174,943 |
P 4,191,664,733 |
|
OPERATIONAL CASH FLOWS FROM INTEREST AND DIVIDENDS |
| Interest paid |
P 1,213,657,800 |
1,187,241,026 |
| Interest received |
2,315,282,484 |
2,518,507,460 |
| Dividend received |
15,749,432 |
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