BankVic Annual Report 2019
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Statement of Cash Flows<br />
For the year ended 30 June <strong>2019</strong><br />
CASH FLOWS FROM OPERATING ACTIVITIES<br />
Note<br />
<strong>2019</strong><br />
$’000<br />
2018<br />
$’000<br />
Interest received 75,872 67,803<br />
Interest paid (30,067) (25,822)<br />
Other income received 10,282 10,512<br />
Cash payments to suppliers and employees (38,517) (34,004)<br />
Net (increase) in loans and advances (226,010) (136,895)<br />
Net increase in deposits 254,511 180,662<br />
Net decrease/(increase) in receivables due from other financial institutions (4,045) (39,856)<br />
Income tax paid (4,263) (5,480)<br />
Net increase/(decrease) in settlement accounts 3,663 3,229<br />
Net increase/(decrease) in short term borrowings (35,174) 845<br />
Net Cash inflow/(outflow) provided by Operating Activities 17(ii) 6,252 20,994<br />
CASH FLOWS FROM INVESTING ACTIVITIES<br />
Proceeds from sales of property, plant and equipment 17 69<br />
Payments for property, plant and equipment (101) (192)<br />
Net Cash outflow used in Investing Activities (84) (123)<br />
CASH FLOWS FROM FINANCING ACTIVITIES<br />
Net increase/(decrease) in member shares (14) (12)<br />
Net Cash inflow provided by Financing Activities (14) (12)<br />
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS HELD 6,182 20,859<br />
Cash and cash equivalents at Beginning of Financial Year 47,275 26,416<br />
Cash and cash equivalents at End of Financial Year 17(i) 53,457 47,275<br />
The above Statement of Cash Flows should be read in conjunction with the accompanying notes.<br />
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