Page 81 - RB GRENADA ANNUAL REPORT 2025_ONLINE

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Statement of Cash Flows

For the year ended September 30, 2025. Expressed in Thousands of Eastern Caribbean dollars ($’000), except where otherwise stated.

Notes 2025 2024

Operating activities
Profit before taxation 20,452 32,521

Adjustments for:
Depreciation of premises and equipment and right-of-use assets 15 (d) 3,718 3,630
Credit loss expense/(recovery) on financial assets 16 27,621 (2,910)
Realised gain on investment securities 16 (1,446) (172)
Amortisation of intangibles 8 (b) 616 1,112
Gain on sale of premises and equipment 15 (c) (70) (126)
Work-in-progress written off 6 210 321
Amortisation of (discount)/premium on investment securities (3,058) 2,276
Increase in employee defined benefit liabilities 992 267
Increase in advances (98,962) (84,148)
Increase in customers’ current, savings and deposit accounts 64,083 72,224
Increase in statutory deposits with Central Bank (2,129) (5,405)
Decrease in other assets and investment interest receivable 2,267 9,460
Decrease in other liabilities and accrued interest payable (1,247) (4,870)
Taxes paid, net of refund (10,468) (3,694)

Cash provided by operating activities 2,579 20,486

Investing activities
Purchase of investment securities (276,510) (203,445)
Purchase of Treasury Bills (36,935) (37,255)
Redemption of investment securities 171,144 160,197
Redemption of Treasury Bills 36,776 37,287
Additions to premises and equipment 6 (3,457) (8,003)
Proceeds from sale of premises and equipment 143 20

Cash used in investing activities (108,839) (51,199)

Financing activities
Increase in balances due to banks (848) (12,009)
(Decrease)/increase in balances due to related banks (504) 4,230
Increase in balances due to related companies 101,342 69,903
Repayment of lease liabilities net of interest 7 (695) (933)
Dividends paid 23 (7,360) (9,435)

Cash provided by financing activities 91,935 51,756

Net (decrease)/increase in cash and cash equivalents (14,325) 21,043
Cash and cash equivalents at beginning of year 469,065 448,022

Cash and cash equivalents at end of year 454,740 469,065

The accompanying notes form an integral part of these financial statements.