Philippine National Bank and Subsidiaries

Statement of Cash Flows

2004
CASH FLOWS FROM OPERATING ACTIVITIES
Income before income tax 517,542
Adjustments for :
Provision for impairment losses 932,395
Depreciation and amortization 722,787
Gain on sale of Investment Property (249,551)
Gain on Foreclosure (385,578)
Equity in net earnings of investees
Dividends Received 7,210
Changes in Operationg Resources and Liabilities:
Decrease(increase) in amount of:
Financial assets at fair value through Profit 253,670
or loss /Trading account securities (826,079)
Loans and Recievables 2,466,411
Othr Resources
Increase (decrease) in amounts of
Deposit Liabilities 14,688,745
Due to Banko Sentral ng Pilipinas (74,738)
Margin Deposits and Cash Letters of credit (64,198)
Manager's Checks and demand drafts outstanding (154,698)
Accrued taxes, interest and other expenses (2,449,613)
Other Liabilities 2,522,176
Net Cash Generated from operations 17,906,481
Income taxes paid (342,010)
Net Cash Provided by operating activities 17,564,471
CASH FLOWS FROM INVESTING ACTIVITIES
Decrease (increase in the amounts of:
Interbank loans recievables (2,346,334)
Available- for- sale Investments 851,022
Held-to-Maturity Investments (16,830,998)
Investments in Subsidiaries and an associate 111,499
Proceeds from sale of investment property 2,136,251
Net Acquisition of bank premises, furniture, fixtures,
equipment and leasehold improvements (320,003)
Net cash provided by(used by) financing activities (16,398,563.00)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from settlement of bills and acceptances payable 965,359
Proceeds from subordinated debt 3,000,000
Net cash provided by (used in) financing activities 3,965,359
NET INCREASE IN CASH AND CASH EQUIVALENTS 5,131,267
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
Cash and other cash items 3,205,026
Due from Banko Sentral ng Pilipinas 1,115,502
Due from other banks 5,142,524
 Interbank loans recievables 13,742,241
Securities held under agreements to resell 5,400,000
28,605,293

Philippine National Bank and Subsidiaries

Statement of Cash Flows
2004
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
Cash and other cash items 3,342,466
Due from Banko Sentral ng Pilipinas 3,765,737
Due from other banks 6,092,449
Interbank loans recievables 16,535,908
Securities held under agreements to resell 4,000,000
33,736,560
diaries

2005

1,982,756

502,855
769,078
(483,469)
(102,238)

9,212

200,138
(5,429,572)
4,274,137

7,116,037
12,378
(68,464)
(5,088)
(1,285,988)
679,791
8,171,563
(522,063)
7,649,500

2,346,334
(9,033,469)
6,697,986

3,096,748

(276,376.00)
2,831,223.00

(452,190)

(452,190)
10,028,533

3,342,466
3,765,737
6,092,449
 16,535,908
4,000,000
33,736,560

diaries

2005

5,765,899
3,719,362
5,098,750
16,881,081
12,300,000
43,765,092