2004 - Asianbanks.net

- 2 -GroupParent CompanyYears Ended December 312003 2002 2003 20022004 (As restated - Note 2) 2004 (As restated - Note 2)CASH FLOWS FROM FINANCINGACTIVITIESDecrease in minority interest in equity ofconsolidated subsidiaries P=24,191 (P=159,527) (P=13,377) P=– P=– P=–Increase (decrease) in amounts of:Bills payable (5,559,940) (2,419,377) 4,899,581 (4,948,315) (2,528,178) 3,258,802Outstanding acceptances 6,418,944 (462,751) (3,269,370) 6,418,944 (462,751) (3,269,370)Margin deposits (35,526) 15,737 (3,854,432) (35,526) 15,737 (3,854,432)Subordinated debt 156,343 11,087,357 – 156,343 11,087,357 –Net cash provided by (used in) financingactivities 1,004,012 8,061,439 (2,237,598) 1,591,446 8,112,165 (3,865,000)NET INCREASE (DECREASE) INCASH AND CASHEQUIVALENTS (12,574,963) 2,728,775 (102,896) (10,798,145) 2,473,684 1,121,596CASH AND CASH EQUIVALENTSAT BEGINNING OF YEARCash and other cash items 7,512,608 7,159,776 6,809,728 7,350,209 6,767,704 6,653,818Due from Bangko Sentral ng Pilipinas 5,305,743 3,539,760 2,918,114 5,129,645 3,446,921 2,859,982Due from other banks 8,592,021 6,077,859 11,444,893 7,136,031 5,471,881 9,669,453Interbank loans receivable and securitiespurchased under resale agreements(Note 27) 14,038,207 15,942,409 11,649,965 14,456,714 15,912,409 11,294,06635,448,579 32,719,804 32,822,700 34,072,599 31,598,915 30,477,319CASH AND CASH EQUIVALENTSAT END OF YEARCash and other cash items 7,545,361 7,512,608 7,159,776 7,295,483 7,350,209 6,767,704Due from Bangko Sentral ng Pilipinas 2,316,093 5,305,743 3,539,760 2,059,639 5,129,645 3,446,921Due from other banks 7,701,330 8,592,021 6,077,859 6,114,500 7,136,031 5,471,881Interbank loans receivable and securitiespurchased under resale agreements(Note 27) 5,310,832 14,038,207 15,942,409 7,804,832 14,456,714 15,912,409P=22,873,616 P=35,448,579 P=32,719,804 P=23,274,454 P=34,072,599 P=31,598,915See accompanying Notes to Financial Statements.39