| Bank | Group | ||||
| For the year ended 31 December | Note | 2022 LKR ’000 |
2021 LKR ’000 |
2022 LKR ’000 |
2021 LKR ’000 |
| Cash flows from operating activities | |||||
| Profit before income tax | 30,976,649 | 43,189,517 | 31,052,501 | 44,637,053 | |
| Adjustments for: | |||||
| Net interest income | 8 | (126,346,378) | (111,251,941) | (129,768,892) | (114,989,627) |
| Dividend income | 10/13 | (450,977) | (302,564) | (515,426) | (391,238) |
| Dividends from subsidiaries and associates | 13 | (107,430) | (394,454) | – | – |
| Share of (profits)/losses of associate companies, net of tax | 19 | – | – | (122,847) | (133,677) |
| Change in operating assets | 56.1 | (392,658,229) | (495,708,888) | (389,853,461) | (497,153,928) |
| Change in operating liabilities | 56.2 | 510,080,706 | 535,337,949 | 517,045,767 | 535,950,023 |
| Other non-cash items included in profit before tax | 56.3 | 105,190,513 | 46,351,388 | 105,731,706 | 46,385,644 |
| Other net gains from investing activities | (56,912) | (1,741,017) | 72,145 | (1,775,413) | |
| 126,627,942 | 15,479,990 | 133,641,493 | 12,528,837 | ||
| Benefit paid from defined benefit plans | (11,204,969) | (8,890,151) | (11,275,993) | (8,897,006) | |
| Interest received | 289,089,403 | 193,501,226 | 295,198,149 | 199,239,746 | |
| Interest paid | (177,094,051) | (136,973,421) | (180,307,490) | (138,568,991) | |
| Dividends received | 73,282 | 75,792 | 73,282 | 126,157 | |
| Net cash from/(used in) operating activities before income tax | 227,491,607 | 63,193,436 | 237,329,441 | 64,428,743 | |
| Income tax paid | 45 | (5,500,380) | (8,166,811) | (5,796,331) | (8,399,520) |
| Surcharge tax paid | (6,738,542) | – | (7,042,422) | – | |
| Net cash from/(used in) operating activities | 215,252,685 | 55,026,625 | 224,490,688 | 56,029,223 | |
| Cash flows from investing activities | |||||
| Net increase in financial investments at amortised cost | (136,219,260) | (345,016,186) | (142,193,560) | (344,484,560) | |
| Net increase in financial assets measured at fair value through OCI | 10,731,712 | (4,346,097) | 14,095,845 | (6,339,860) | |
| Investment in subsidiary companies | – | (1,668,090) | – | – | |
| Proceeds from sale of subsidiary companies | – | – | – | 180,550 | |
| Purchase of property, plant and equipment | (2,243,640) | (1,771,198) | (2,301,746) | (1,900,544) | |
| Purchase of intangible assets | (1,027,211) | (471,365) | (1,039,078) | (471,365) | |
| Proceeds from sale of property, plant and equipment | 1,414 | 21,998 | 8,748 | 102,831 | |
| Dividends received | 485,126 | 621,226 | 448,891 | 265,081 | |
| Interest received | 115,497,384 | 53,951,314 | 116,324,524 | 54,264,536 | |
| Net cash from/(used in) investing activities | (12,774,475) | (298,678,398) | (14,656,376) | (298,383,331) | |
| Cash flows from financing activities | |||||
| Net increase in other borrowings | (64,302,108) | 245,235,448 | (61,175,038) | 245,076,637 | |
| Proceeds from issue of shares | 730,000 | – | 730,000 | 233,902 | |
| Proceeds from issue of debentures/capital bonds | 6,490,000 | 8,750,000 | 6,557,700 | 8,500,000 | |
| Payments on redemption of debentures | (8,103,950) | (9,232,254) | (10,211,132) | (9,222,244) | |
| Dividends paid to equity holder of the Bank | (346,410) | (1,846,410) | (346,410) | (1,846,410) | |
| Dividends paid to non-controlling interest | – | – | – | (10,280) | |
| Payments for repurchase of shares | – | – | (287,910) | – | |
| Interest payments on borrowings and debt securities | (85,222,144) | (16,443,988) | (85,537,678) | (17,165,671) | |
| Net cash from/(used in) financing activities | (150,754,612) | 226,462,796 | (150,270,468) | 225,565,934 | |
| Net increase/(decrease) in cash and cash equivalents during the year | 51,723,598 | (17,188,977) | 59,563,844 | (16,788,174) | |
| Cash and cash equivalents at the beginning of the year | 66,789,233 | 83,978,210 | 65,745,466 | 82,533,640 | |
| Cash and cash equivalents at the end of the year | 118,512,831 | 66,789,233 | 125,309,310 | 65,745,466 | |
| Analysis of cash and cash equivalents | |||||
| Cash and cash equivalents | 22 | 128,401,532 | 82,647,406 | 135,230,827 | 82,313,908 |
| Bank overdrafts | 39 | (9,888,701) | (15,858,173) | (9,921,517) | (16,568,442) |
| Cash and cash equivalents at the end of the year | 118,512,831 | 66,789,233 | 125,309,310 | 65,745,466 | |
The Notes 1 to 64 form an integral part of these Financial Statements.