Page 169 - ACCESS BANK ANNUAL REPORTS_eBook

Consolidated statement of cash flows (Cont’d)

Cash flows from financing activities

Interest paid on interest bearing borrowings and debt securities (52,522,041) (23,198,980) (57,955,972) (24,892,489)
issued
Proceeds from interest bearing borrowings 36(m) 43,577,454 69,307,930 13,337,948 69,307,930
Repayment of interest bearing borrowings 36(m) (34,371,397) (28,626,050) (99,011,336) (63,090,135)
Purchase of own shares (742,535) (1,553,603) - -
Dividends paid to owners (18,803,180) (15,910,384) (18,803,180) (15,910,384)
Debt securities issued 35 121,486,981 86,904,970 121,486,981 86,904,970
Repayment of debt securities issued 35 (151,694,953) (10,430,980) (79,102,869) (11,686,080)
Net cash (used in)/generated from financing activities (93,069,671) 76,492,903 (120,048,428) 40,633,812

Net increase/(decrease) in cash and cash equivalents 153,033,950 107,227,181 51,173,545 (15,759,425)

Cash and cash equivalents at beginning of year 40 341,245,964 234,044,111 147,637,972 163,405,750
Net increase/ (decrease) in cash and cash equivalents 153,033,950 107,227,181 51,173,545 (15,759,425)
Effect of exchange rate fluctuations on cash held (855,615) (25,328) - (8,353)
Cash and cash equivalents at end of year 40 493,424,299 341,245,964 198,811,517 147,637,972

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Annual Report & Accounts 2017