|
Statements of Cash Flows
For the years ended December 31, 2001 and 2000
(US$ thousands)
 |
| |
|
2001 |
|
2000 |
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
| |
Loan disbursements |
|
$ (62,447) |
|
$ (51,034) |
| |
Equity Disbursements |
|
(15,333) |
|
(13,516) |
| |
Loan Repayments |
|
47,105 |
|
44,257 |
| |
Sales of Equity Investments |
|
2,542 |
|
3,459 |
| |
Return of Capital from Equity Investments |
|
2,330 |
|
326 |
| |
Proceeds from Recovered Assets |
|
416
 |
|
1,869
|
| |
Net cash used in investing activities |
|
(25,387)
|
|
(14,639)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
| |
Drawdown of Borrowings |
|
90,000 |
|
80,000 |
| |
Repayment of Borrowings |
|
(145,000) |
|
(70,000) |
| |
Capital Subscriptions |
|
56,150
|
|
20,620
|
| |
Net cash provided by financing activities |
|
1,150
|
|
30,620
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
| |
Net (Loss) income |
|
(15,329) |
|
590 |
| |
Marketable Securities: |
| |
Purchases |
|
(2,562,370) |
|
(1,790,957) |
| |
Sales, maturities, and repayments |
|
2,574,352
|
|
1,761,300
|
| |
|
11,982 |
|
(29,657) |
| |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |
| |
Provision for loan and equity investment losses |
|
25,511 |
|
9,848 |
| |
Change in receivables and other assets |
|
3,043 |
|
(368) |
| |
Change in accounts payable and other liabilities |
|
2,938 |
|
1,126 |
| |
Change in interest and commitment fees payable |
|
(1,493) |
|
697 |
| |
Unrealized gain on mortgage-backed securities |
|
(515)
|
|
— |
| |
Unrealized gain on marketable securities |
|
(106)
|
|
(57)
|
| |
|
29,378 |
|
11,246 |
| |
Net cash provided by (used in) operating activities |
|
26,031
|
|
(17,821)
|
| Net increase (decrease) in cash |
|
1,794 |
|
(1,840) |
| Cash at beginning of year |
|
1,782
|
|
3,622
|
| Cash at end of year |
|
$ 3,576
|
|
$ 1,782
|
| Supplemental disclosure: |
| |
Interest paid during the year |
|
$ 7,977 |
|
$ 9,768 |
|
The accompanying notes are an integral part of these financial statements.
|
