Page 89 - CCB_Full-Annual-Report-2021

88 Financial Statements 89

Statement of Changes in Equity Statement of Cash Flow Contents

Contents
For the year ended 31 December For the year ended 31 December

£’000 Share Contingent Fair value Retained Total £’000 Note 2021 2020
capital convertible through other earnings equity Cash flows from operating activities
loan notes comprehensive Strategic Report
income reserve Profit after tax 15,466 9,398
Balance at 1 January 2021 44,955 22,900 26 82,254 150,135 Adjustments for:
Depreciation, amortisation and loss on disposals 18,19 971 932

Profit for the year – – – 15,466 15,466 Non cash item on adoption of IFRS16 29 – (193)
Other comprehensive income – – (501) – (501) Taxation charge 12 3,024 1,763
Total comprehensive income for – – (501) 15,466 14,965 19,461 11,900
the period
Net increase in other assets/liabilities
Net (increase)/decrease in loans and advances to customers 15 (149,454) (66,877) Corporate Governance Statement
Transactions with owners,
recorded directly in equity Net increase/(decrease) in customers’ accounts 22 108,305 62,766
Net increase/(decrease) in central bank facilities 23 78,000 –
Convertible loan note interest – – – (1,283) (1,283)
Net (increase)/decrease in value of debt securities 17 591 518
Total contributions by and distributions – – – (1,283) (1,283)
to owners Net decrease in derivatives 21 262 (40)
Balance at 31 December 2021 44,955 22,900 (475) 96,437 163,817 Net increase in other liabilities and provisions 24 371 1,071
Net (increase) in other assets & prepayments 20 (661) (207)
Income tax paid (3,050) (3,881)

£’000 Share Contingent Fair value Retained Total 34,364 (6,650)
capital convertible through other earnings equity Net cash from operating activities 53,825 5,250 Independent Auditor’s Report
loan notes comprehensive
income reserve
Balance at 1 January 2020 44,955 22,900 2 74,296 142,153 Cash flows from investing activities
Proceeds from sales of debt securities 17 7,000 –
Total comprehensive income for Acquisition of debt securities 17 (7,094) (38,533)
the period Acquisition of property, plant & equipment and intangible assets 18,19 (646) (1,295)
Profit for the year – – – 9,398 9,398 Net cash from investing activities (740) (39,828)
Other comprehensive income – – 24 – 24 Financial Statements

Total comprehensive income for – – 24 9,398 9,422 Cash flows from financing activities
the period
Convertible loan note interest paid 25 (1,283) (1,440)

Net cash from financing activities (1,283) (1,440)
Transactions with owners,
recorded directly in equity
Convertible loan note interest (net of tax) – – – (1,440) (1,440) Net increase in cash and cash equivalents 13 51,802 (36,018)

Total contributions by and distributions – – – (1,440) (1,440) Cash and cash equivalents at 1 January 13 200,649 236,667
to owners Cash and cash equivalents at 31 December 252,451 200,649
Balance at 31 December 2020 44,955 22,900 26 82,254 150,135 Notes to the Financial Statements

Cash and cash equivalents comprise of:
• Cash and balances at central banks (including any accrued interest)
• Loans and advances to banks (including any accrued interest) all of which have a maturity of less than 3 months
The Notes on pages 90 - 126 are an integral part of these financial statements. The Notes on pages 90 - 126 are an integral part of these financial statements.