FINANCIAL AUDIT Federal Financing Bank’s Fiscal Year 1988 Financial Statements_part3

Statement8 của dòng tiền Cho năm kết thúc ngày 30 tháng 9 năm 1988, 1987 LƯU CHUYỂN TIỀN TỪ HOẠT ĐỘNG Net thu nhập (lỗ) Điều chỉnh để hòa giải thu nhập ròng (lỗ) tiền thuần cung cấp: Tăng tài khoản phải thu giảm (tăng) Tăng thu thu được lãi suất (giảm) lãi phải nộp Tăng Tăng nợ phí bảo hiểm trả trước tiền mặt khác Giảm Net trách nhiệm khấu hao từ các hoạt động | 0- Financial Statements Statement of Cash Flow For the year ended September 30 1988 1987 CASH FLOWS FROM OPERATIONS Net income loss 1 148 521 28 279 Adjustments to reconcile net income loss to net cash provided Increase in accounts receivable 2 150 2 739 Decrease increase in accrued interest receivable 418 543 169 750 Increase decrease in accrued interest payable 372 686 223 572 Increase in debt prepayment premium 1 315 633 165 605 Increase in other liabilities 61 409 Discount amortization 796 1 622 Net cash from operations 210 084 243 754 CASH FLOWS FROM INVESTING ACTIVITIES Loan disbursements 30 110 387 40 917 505 Principal collections 41 280 030 40 524 993 Net cash from investing activities 11 169 643 392 512 CASH FLOWS FROM FINANCING ACTIVITIES Advances 40 110 672 40 917 505 Repayment of advances 51 053 796 40 558 852 Net cash from financing activities 10 943 124 358 653 Net increase in cash 436 603 209 895 Cash - beginning of the year 444 065 234 170 Cash - end of the year 880 568 444 065 See accompanying notes. rT lgel9 J 1 _ JAO AFMD-89-U8 Federal Financing Bank This is trial version - 1 -------------------------------------------------------------------------------4 Financial Statements Note to the Financial Statement 1. Summary of significant Accounting Policies The Federal Financing Bank Bank was created by the Federal Financing Bank Act of 1973 12 . 2281 as an instrumentality of the . government. Although originally created as an off-budget entity the Bank was subsequently placed on-budget by Public Law 99-171. The Bank was established to assist and coordinate agency borrowing and guaranteed borrowing to reduce the cost to the federal government of some of its borrowing operations. The Bank has authority to purchase agency debt and guaranteed obligations from a federal agency and to finance these transactions by borrowing from the Treasury or the public. Certain items in the September 30 1987 financial statements have been .