4. Immaterial misstatement on consolidated statement of cash flows from prior years
During 2016, the Bank identified an immaterial misstatement in its 2015 consolidated statement of cash flows. The Bank incorrectly calculated the effect of foreign exchange rate changes on foreign currency cash deposits. This change had no impact to net increase (decrease) in cash and cash equivalents in 2015 and had no impact on cash and cash equivalents as of December 31, 2015.
The Bank has deemed this misstatement immaterial to its previously issued consolidated statements of cash flows taken as a whole. The following table reflects the changes in the consolidated statement of cash flow for the years ended December 31, 2015:
|
As of December 31, 2015 |
|
|
As originally reported |
|
|
Adjustments |
|
|
As adjusted |
|
|
A. CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
11,938 |
|
|
5,567 |
|
|
17,505 |
|
|
Adjustments made to obtain the cash flows from operating activities- |
|
|
404 |
|
|
5,567 |
|
|
5,971 |
|
|
Effect of foreign exchange rate changes on foreign currency cash deposits |
|
|
(5,733) |
|
|
5,567 |
|
|
(166) |
|
|
Net (increase)/decrease in operating assets- |
|
|
(214,901) |
|
|
— |
|
|
(214,901) |
|
|
Net increase/(decrease) in operating liabilities- |
|
|
213,440 |
|
|
— |
|
|
213,440 |
|
|
Income tax paid |
|
|
(1,187) |
|
|
— |
|
|
(1,187) |
|
|
Dividends received from equity instruments |
|
|
118 |
|
|
— |
|
|
118 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
B. CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
(2,946) |
|
|
— |
|
|
(2,946) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C. CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
(6,760) |
|
|
— |
|
|
(6,760) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
D. EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON FOREIGN CURRENCY CASH DEPOSITS |
|
|
5,733 |
|
|
(5,567) |
|
|
166 |
|
|
E. NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS |
|
|
7,965 |
|
|
— |
|
|
7,965 |
|
|
F. CASH AND CASH EQUIVALENTS AT THE BEGINNING OF YEAR |
|
|
51,823 |
|
|
— |
|
|
51,823 |
|
|
G. CASH AND CASH EQUIVALENTS AT THE END OF YEAR |
|
|
59,788 |
|
|
— |
|
|
59,788 |
|