We realise that one report is just a 7 month period and the other covers 12 months, however, the differences are still large. Please give us some insight into why the big differences. The movements noted in the statement of cash flow reflect the changes (increases/decreases) in the Bank’s financial position as at 31 July 2017 compared to the same period in 2016.
The underlying reason for the movement in cash flow is the increase in total external reserves which rose from $ million to $ million (Page 68 Note 5). The reduction in short term commercial papers from $ million to $ million can be explained by a rise in the current account $ million to $ million).