HDFC Bank - AnnualReport 2009
8 CASH FLOW STATEMENTS
The cash flow statement has been prepared by using the “Direct Method” of preparing cash flows in accordance with
the Sri Lanka Accounting Standard No 9 on cash Flow Statements. Cash and Cash equivalents comprise of cash bal
ance and Short-term funds and placements.
9 STATUTORY RESERVE FUND
The amount of Rs 2.82 million was transferred to the Statutory Reserve fund in 2009. (5% of the net profit after tax)
The balance in the statutory reserve fund as at 31st December 2009 was Rs 39.62 million.
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