|
|
|
| STATEMENTS OF CASH FLOWS |
For the Years Ended December 31, 2001 and 2000
(In Thousands of New Taiwan Dollars) |
|
|
2001 |
2000 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
$ 2,155,922 |
$ 1,856,050 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Provisions for losses |
2,816,952 |
1,651,210 |
| Depreciation and amortization |
230,520 |
236,910 |
| Provision (reversal of allowance) for losses on securities purchased |
(372,818) |
434,703 |
| Equity in net loss of investee companies - net |
3,684 |
264 |
| Gain on disposal of property and equipment - net |
8,709 |
(8,332) |
| Deferred income taxes |
(142,278) |
20,499 |
| Changes in operating assets and liabilities: |
|
|
| Decrease(increase) in securities purchased - for trading purpose |
564,749 |
(1,468,923) |
| Increase in recivables |
421,004 |
(1,106,079) |
| Decrease (increase) in prepaid expenses |
72,324 |
(27,166) |
| Increase in payables |
(3,688,162) |
501,598 |
| increase (decrease) in advances received |
(57,008) |
44,009 |
|
|
| Net Cash Provided by Operating Activities |
2,013,598 |
2,134,743 |
|
CASH FLOWS FROM INVESTING ACTIVITIES
Decrease(increase) in: |
|
|
| Due from banks |
1,653,800 |
(6,460,091) |
| Due from Central Bank |
(2,432,968) |
(357,703) |
| Securities purchased - for investing purposes |
128,639 |
(2,545,891) |
| Loans, discounts and bills purchased |
(4,057,780) |
(15,442,565) |
| Long-term equity investments |
(70,700) |
- |
| Acquisitions of property and equipment |
(246,309) |
(155,107) |
| Other assets |
(61,730) |
105,152 |
| Proceeds from sale of property and equipment |
- |
28,638 |
|
|
| Net Cash Used in Investing Activities |
(885,976) |
22,094,123 |
|
| CASH FLOWS FROM FINANCING ACTIVIIES |
|
|
| Increase (decrease) in due to banks |
($ 5,616,952) |
$ 4,591,990 |
| Increase in deposits and remittances |
6,173,952 |
18,942,144 |
| Cash dividents |
(693,367) |
- |
| Remuneration paid to driectors and employees |
(76,112) |
(168,791) |
|
|
| Net Cash Provided by (Used in) Financing Activities |
(885,976) |
22,094,123 |
|
| EFFECTOF CHANGE INEXCHANGE RATE |
4,680 |
5,099 |
| NET DECREASE IN CASH |
(3,954,746) |
(593,602) |
| CASH, BEGINNING OF YEAR |
9,119,995 |
9,713,597 |
|
|
| CASH, END OF YEAR |
$ 5,165,249 |
$ 9, 119,995 |
|
| SUPPLENENT AL INFORMATION |
|
|
| Interest paid |
$ 11,149,517 |
$ 11,679,836 |
|
|
| Income tax paid |
$591,988 |
$ 548,690 |
|
|
| The accompanying notes are an integral part of the financial statements. |
|
|
|
