Page 87 - CCB_Annual Report_2022

86 Financial Statements 87

Statement of Changes in Equity Statement of Cashflow

As at 31 December 2022 For the year ended 31 December 2022

£’000 Share Contingent Fair value Retained Total equity £’000 Note 2022 2021
capital convertible through other earnings Cash flows from operating activities
loan notes comprehensive
income reserve Profit after tax 23,202 15,466
Balance at 1 January 2022 44,955 22,900 (475) 96,437 163,817 Adjustments for:
Depreciation, amortisation and loss on disposals 18,19 906 971

Profit for the year – – – 23,202 23,202 Taxation charge 12 5,337 3,024
Other comprehensive expense – – (734) – (734) 29,445 19,461
Total comprehensive – – (734) 23,202 22,468 Net increase in other assets/liabilities
income for the period
Net (increase)/decrease in loans and advances to customers 15 (59,876) (149,454)
Net increase/(decrease) in customers’ accounts 22 77,736 108,305
Transactions with owners,
recorded directly in equity Net increase/(decrease) in central bank facilities 23 – 78,000
Net (increase)/decrease in value of debt securities 17 336 591
Convertible loan note interest – – – (1,439) (1,439)
Net decrease in derivatives 21 756 262
Total contributions by and – – – (1,439) (1,439)
distributions to owners Net increase in other liabilities and provisions 24 1,827 371
Balance at 31 December 2022 44,955 22,900 (1,209) 118,200 184,846 Net (increase) in other assets & prepayments 20 (482) (661)
Income tax paid (4,428) (3,050)
15,869 34,364

£’000 Share Contingent Fair value Retained Total equity Net cash from operating activities 45,314 53,825
capital convertible through other earnings
loan notes comprehensive
income reserve Cash flows from investing activities

Balance at 1 January 2021 44,955 22,900 26 82,254 150,135 Proceeds from debt securities maturity 17 10,000 7,000
Acquisition of debt securities 17 (4,845) (7,094)
Total comprehensive Acquisition of property, plant & equipment and intangible assets 18,19 (870) (646)
income for the period
Net cash from investing activities 4,285 (740)
Profit for the year – – – 15,466 15,466
Other comprehensive expense – – (501) – (501)
Cash flows from financing activities
Total comprehensive – – (501) 15,466 14,965
income for the period Convertible loan note interest paid 25 (1,439) (1,283)
Net cash from financing activities (1,439) (1,283)

Transactions with owners,
recorded directly in equity Net increase in cash and cash equivalents 13 48,160 51,802
Convertible loan note interest – – – (1,283) (1,283) Cash and cash equivalents at 1 January 13 252,451 200,649
Total contributions by and – – – (1,283) (1,283) Cash and cash equivalents at 31 December 300,611 252,451
distributions to owners
Cash and cash equivalents comprise of:
Balance at 31 December 2021 44,955 22,900 (475) 96,437 163,817 – 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 88 – 130 are an integral part of these financial statements. The Notes on pages 88 – 130 are an integral part of these financial statements.