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82 2002 SCOTIABANN ANNUAL REPORT
<br /> Consolidated Statement of Cash Flows
<br />Sai<es and Iusesl or cash lbws
<br />for Ne year entlea October 31 B m II onsl
<br />
<br />2W2
<br />
<br />2001
<br />
<br />ZOpO
<br /> CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Net income E 1,797 8 2,169 $ 1,926
<br /> Adjustments to net income to determine wsh flays:
<br /> Depreciation and amortization 271 295 295
<br /> Provision far credR lasses 2,029 1,425 765
<br /> Future income taxes 104 108 34
<br /> Restructuring provision for National Trus[rA Inc. - - (34)
<br /> Net gains on investment recur"dies (179) (217) (379)
<br /> Loss on disposal of Subsidiary operations (Note 23) 237 - -
<br /> NetaccruetlinterestreceivaDle and payable (147) (104) (560)
<br /> Tratling securities (7,402) (2,817) (7.406)
<br /> Trading derivatives' market valuation, net 105 (888) (114)
<br /> Other, net 136 (428) 745
<br /> (3,049) (457) (4,728)
<br /> CASH FLOWS FROM fINANClNG ACTIVITIES
<br /> Deposits 14,846 845 14,215
<br /> Obligations related to assets soltl untler repurchase agreements 2,677 (975j 6,434
<br /> Obligations related to securities sold short 2,314 2,122 1.445
<br /> Subordinatetl debenture retlemptions(repayments (1,421) (106) (66)
<br /> Capital stock issued 101 111 52
<br /> Cap¢al stock redeemetllpurchased for cancellation (673) - -
<br /> Cash dividends paid - (837) (686) (568)
<br /> Other, net"I 1,199 (359) 1,013
<br /> 18,200 952 22,525
<br /> CASH FLOWS FROM INVESTING ACTIVITIES
<br /> lnteresl-Hearing deposits with banks (117) 1,753 (1,001)
<br /> LoarLS, exclutling securhizationY 120,244) 1,257 (19,108)
<br /> Loan securrtizations 2,241 2,053 1,299
<br />• Investment securdies:
<br /> Purchases (29,434) (46,573) (28,472)
<br /> Ma[urilies 10.65 8.165 15,609
<br /> Sales 21,EO2 33,233 13,884
<br /> Land, buildings antl equipment, net of disposals 138) (164) (100)
<br /> other nett-0 198 (29) (fi0)
<br /> (15,427) (305) (17,949)
<br /> Effect of exchange rate changes on cash and cash equivalents (96) 37 (2)
<br /> Net ehallge in rash and cash equivalents (372) 227 (154)
<br /> Cash and rash equivalents at beginning of year 9s1 734 888
<br /> Cash and lash equivalents at etld of year S 589 $ 967 $ 734
<br /> Represented by:
<br /> Cash and non-interest-bearing deposits with banks f t,fi64 $ 1,535 $ 1,191
<br /> Cheques antl other items in transit, net liabil¢y (Note 10) (1,075) (574) (457)
<br /> Cash and cash equivalents at end of year E 589 $ 961 $ 734
<br /> Cash disbursements made for:
<br /> Interest S 8,332 $ 11,214 $ 10,073
<br /> Income taxes S 817 $ 1,083 $ 831
<br /> n) InGutles 8]50 (2001 rul: 2000 8500) from the issuarce of Scotabank TmR Secvnies, refer [o Note 11.
<br /> (2) Irlclutles: la) NrveStrrrensm wbsitlaries of E61 12007 - St T2: 2000 - 33611. less cash aM cash equivalerxs at the tlate at acq~;sRion of E15 (20m - E83: 2000 -
<br /> 4112): (b) elimination of the net liability for rash antl cash equrvapms on disposal of subsitlary operations of 5106 (2001 antl 2000 - niq; antl Ic) net
<br /> proceeds from tl¢pasitbrs of business units of Yl3a (2001 -nil; 2000 - Y189).
<br />• IiK axwnnWnying notes am an inra(~9'dlpart of [fR'4' Nr6ofit18rN] Fnar~e~/#aremmts.
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