The National Bank of Ras Al-Khaimah (P.S.C.) (ADX: RAKBANK)

RAKBANK Cash Flow Statement

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	2,119	1,784	1,170	756.13	503.78	1,095
Depreciation & Amortization	31.35	61.17	68.6	73.42	160.31	151.82
Other Amortization	105.33	105.33	79.65	83.54	-	-
Gain (Loss) on Sale of Assets	0.83	-3.65	-0.03	-13.16	3.25	-0.08
Gain (Loss) on Sale of Investments	-287.13	-148.3	296.34	-41.05	-216.73	-260.84
Provision for Credit Losses	768.9	1,005	797.42	1,077	1,663	1,313
Change in Other Net Operating Assets	-10,135	-4,212	-2,761	-4,157	988.51	-4,363
Other Operating Activities	184.29	18.07	-1.98	5.55	1.49	7.71
Operating Cash Flow	-6,999	-1,390	-350.72	-2,216	3,104	-2,056
Capital Expenditures	-209.82	-165.38	-82.59	-53.59	-97.08	-84.26
Sale of Property, Plant and Equipment	5.59	12.24	0.09	41.15	6.66	0.09
Investment in Securities	-1,683	-1,431	-2,673	-1,450	417.15	-561.71
Investing Cash Flow	-1,887	-1,584	-2,755	-1,462	326.73	-645.88
Long-Term Debt Issued	-	1,650	-	2,509	-	2,610
Long-Term Debt Repaid	-	-2,205	-1,304	-871.14	-1,313	-2,604
Net Debt Issued (Repaid)	1,330	-555.22	-1,304	1,638	-1,313	5.89
Common Dividends Paid	-623.56	-569.92	-377.16	-251.44	-502.87	-502.87
Net Increase (Decrease) in Deposit Accounts	8,803	5,524	5,945	1,982	117.96	2,687
Other Financing Activities	-	-	-2.02	-2.02	-	-6.96
Financing Cash Flow	9,510	4,399	4,262	3,367	-1,698	2,183
Net Cash Flow	623.26	1,424	1,155	-311.5	1,733	-519.27
Free Cash Flow	-7,209	-1,556	-433.3	-2,269	3,007	-2,140
Free Cash Flow Margin	-184.73%	-45.78%	-16.68%	-105.36%	158.19%	-80.29%
Free Cash Flow Per Share	-3.58	-0.77	-0.22	-1.13	1.49	-1.06

Source: S&P Capital IQ. Banks template. Financial Sources.