; Cash Flow Statement - cash flow_cash out
Learning Center
Plans & pricing Sign in
Sign Out
Your Federal Quarterly Tax Payments are due April 15th Get Help Now >>

Cash Flow Statement - cash flow_cash out


  • pg 1
									                                                                                                         ORIENTAL BANK OF COMMERCE
                                                                                                                CAO, Head Office, NEW DELHI
                                                                                         CASH FLOW STATEMENT FOR THE YEAR ENDED 31.03.2010                                                                                              (Rs. in thousands)
                                                                                                                                                                                                              31.03.2010                       31.03.2009
  A.           Cash flow from operating activities
          I    Net Profit after Tax                                                                                                                                                                             11346804                              9054205
               Provision for Tax (Net of deferred Tax)                                                                                                                                                           4692000                              2540374
                                                                                                   Total (I)                                                                                                    16038804                             11594579
          II   Adjustment for
               Depreciation on Fixed Assets (Net of Revaluation Reserve)                                                                                                                                          861894                               803004
               Provision against Standard Assets                                                                                                                                                                  320000                               470000
               Provision for NPA advances                                                                                                                                                                        5315942                               985826
               Other Provision                                                                                                                                                                                   2540255                              3799363
               Interest on subordinate Debts                                                                                                                                                                     2141677                              1702033
               Amortisation of Expenses                                                                                                                                                                                0                                    0
               Profit/Loss on Sale of Fixed Assets                                                                                                                                                                 -3372                                 1485
               Total (II)                                                                                                                                                                                       11176396                              7761711
               Operating Profit before changes in Operating Assets & Liabilities             Total(I)+(II)                                                                                                      27215200                             19356290
         III   Changes in Operating Assets & Liabilities
               Decrease/Increase in Investments                                                                                                                                                                -72963667                         -45382712
               Decrease/Increase in Advances                                                                                                                                                                  -155205244                        -140331166
               Decrease/Increase in Deposits                                                                                                                                                                   218887392                         205121528
               Decrease/Increase in Borrowings                                                                                                                                                                  16150665                         -11178775
               Decrease/Increase in Other Assets                                                                                                                                                                  655044                          -7189818
               Decrease/Increase in Other Liabilities & Provisions                                                                                                                                               1575063                           -911972
                                                                                                  Total (III)                                                                                                    9099253                            127085
               Cash generated from Operations
               Tax Paid (Net of Refund)                                                                                                                                                                         -7128221                              2212738
               Net Cash from Operating Activities                                    Total (A)                                                                                                                  29186232                             21696113
  B            Cash flow from Investing Activities
               Purchase of Fixed Assets (Net of Sales)                                                                                                                                                           -1157155                            -1257487
                                                                                                  Total (B)                                                                                                      -1157155                            -1257487
  C            Cash Flow from Financing Activities
               Issue of Share Capital                                                                                                                                                                                  0                                    0
               Share Premium                                                                                                                                                                                           0                                    0
               Subordinate Bonds issued                                                                                                                                                                                0                              2745000
               Interest paid on Subordinate Bonds                                                                                                                                                               -2141677                             -1702033
               Payment of Dividend/Corporate Tax on Dividend                                                                                                                                                    -2139768                             -1377659
                                                                                              Total (C )                                                                                                        -4281445                              -334692
  D            Net Changes in Cash & Cash Equivalents (A+B+C)                                                                                                                                                   23747632                             20103934
               Cash & Cash Equivalents at the beginning of the year                                                                                                                                            122251364                            102147430
               Cash & Cash Equivalents at the end of the year                                                                                                                                                  145998996                            122251364
Note:     1    All figures in minus represents " Cash out-flow', except profit on sale of fixed assets, considered to arrive at operating profit before changes in operating assets & liabilities.
          2    Direct taxes paid are treated as arising from Operating activities and are not bifurcated between investing & financing activities.

                        (R.L. AGGARWAL)                                                          (C.M. KHURANA)                                             (S.C. SINHA)                   (H. RATHNAKARA HEGDE)                     (T.Y. PRABHU)
                        General Manager                                                   General Manager (Accounts)                                    Executive Director                      Executive Director           Chairman & Managing Director

                                                                                                          AUDITORS' CERTIFICATE
               We have examined the above Cash-flow Statement of the Oriental Bank of Commerce, New Delhi for the year ended 31st March, 2010. The statement has been prepared by the Bank in accordance with the
               requirements of listing agreement clause 32 with stock exchanges and is based on and is in agreement with the corresponding Profit & Loss Account and Balance Sheet of the Bank covered by our report dated
               29th April, 2010 .
For P.B. VIJAYARAGHAVAN & CO.                                For FARUQUI & CO.                          For V.KRISHNAN & CO.               For S.P. MARWAHA & CO.                     For MANIAN & RAO                      For TEJ RAJ & PAL
Chartered Accountants                                        Chartered Accountants                      Chartered Accountants              Chartered Accountants                      Chartered Accountants                 Chartered Accountants

(P.B. SANTHANAKRISHNAN)                                      (RAJESH AGGARWAL)                          (M. GOPINATH)                      (M.L. JOTWANI)                             (R. SRIKANTH)                         (B. GANGARAJU)
Partner                                                      Partner                                    Partner                            Partner                                    Partner                               Partner
M.No. 020309                                                 M.No.085697                                M.No.023819                        M.No.009604                                M.No.203138                           M.No.007605

To top