Consolidated statement of cash flows

Operational activities

Net profit

151,133

255,235

Adjusted for non-cash items:

-

Result of associates

1,802

-9,293

-

Unrealised (gains) losses arising from changes in fair value

24,149

-186,091

-

Unrealised (gains) losses arising from changes in foreign exchange rates

18,924

108,209

-

Unrealized (gains) losses arising from other changes

11,463

8,374

-

Impairments

11,631

65,342

-

Depreciation and impairment of PP&E assets

3,769

3,154

-

Income tax expense

14,738

37,281

Changes in:

-

Income taxes paid

-62,909

-61,545

-

In loans

-437,930

-117,213

-

Equity investments and associates

-126,855

-107,377

-

Other assets and liabilities ¹⁾

121,376

-123,792

-

Short-term deposits ¹⁾

-261,630

414,451

-

Short-term credits ¹⁾

-50,377

105,058

Net cash flow from operational activities

(31)

-580,716

391,793

Investment activities

Purchase of interest-bearing securities

-54,826

-142,692

Redemption/sale of interest-bearing securities

18,976

344,078

Investments in PP&E assets

-6,714

-6,852

Divestments of PP&E assets

629

-

Net cash flow from investment activities

(32)

-41,935

194,534

Financing activities

Proceeds from issuance of debt securities, debentures and notes

(13)

984,758

1,229,760

Redemption of debt securities, debentures and notes

(13)

-1,006,646

-983,643

Dividend paid

-14,039

-6,682

Net cash flow from financing activities

(33)

-35,927

239,435

Net cash flow

-658,578

825,762

Cash and cash equivalents

Net foreign exchange difference

-16,411

-96,211

Banks and short-term deposits at January 1

1,579,598

833,636

Banks and short-term deposits at December 31

(34)

904,609

1,563,187

Total cash flow

-658,578

825,762

Operational cash flows from interest and dividends

Interest received

317,235

291,953

Interest paid

-129,493

-97,793