UNITY BANK LIMITED 2022 Financial Report UNITY BANK LIMITED 2022 Financial Report
ABN 11 087 650 315
ABN 11 087 650 315
42. NOTES TO CASH FLOW STATEMENT
(a) Reconciliation of cash
2022 $'000
2021 $'000
Cash includes cash on hand, and deposits at call with other financial institutions and comprises: Cash on Hand
1,372 18,622
1,519 32,707
Deposits at call Bank Overdraft
-
-
19,994
34,227
(b) Reconciliation of cash from operations to accounting profit The net cash increase/(decrease) from operating activities is reconciled to the profit after tax. Profit after income tax
7,348
5,366
Add (Deduct): Bad debts written off and provided for
376
579
Depreciation expense Loss on sale of assets Gain on sale of assets Gain on sale of investments
2,114 (73) 284 (390) 501 340 51 (283) (190) (11) (428) 344 (17)
2,219
-
(14) (14) 152 273 -
Overprovision of prior year tax Increase in provision for staff leave Increase in provision for income tax (Decrease) in other provisions and accruals (Decrease) in interest payable (Increase)/Decrease in prepayments (Increase)/Decrease in deferred tax assets Decrease in interest receivable (Decrease) in other receivables
(482) (2,602)
31
(378) 217 (48)
Net cash from operating activities
9,966
5,299
43. CORPORATE INFORMATION The Bank is a company limited by shares and is registered under the Corporations Act 2001. The address of the registered office is: Level 7, 215-217 Clarence Street, Sydney NSW 2000 The address for the principal place of business is: Level 7, 215-217 Clarence Street, Sydney NSW 2000 The natures of the operations and its principal activities are the provision of deposit taking facilities and loan facilities to the members of the Bank.
78
71
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