Consolidated statement of cash flows
For the year ended 31 December 2020
Notes |
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Operational activities | |||
Net profit/(loss) | -205,267 | 120,412 | |
Adjustment for non-cash items: | |||
- Result of associates | 66,416 | -11,077 | |
- Unrealised (gains) losses arising from changes in fair value1 | 192,831 | -11,945 | |
- Unrealised (gains) losses arising from changes in foreign exchange rates | 218,830 | -44,166 | |
- Unrealised (gains) losses arising from other changes2 | -11,274 | 19,858 | |
- Amortization of premiums/discounts debentures and notes | 8,488 | 4,923 | |
- Impairments | 78,382 | 91,928 | |
- Depreciation and impairment of PP&E and intangible assets | (11),(12) | 12,665 | 7,809 |
- Income tax expense/(gain) | 4,391 | -1,884 | |
Changes in: | |||
- Income taxes payable / receivable | 46,484 | -20,153 | |
- Loans | -222,271 | -344,923 | |
- Equity investments | -117,423 | -207,420 | |
- Other assets and liabilities3 | 10,919 | 79,215 | |
- Short-term deposits > 3 months3 | -76,116 | 283,929 | |
- Short-term credits3 | 239,794 | 18,400 | |
Net cash flow from operational activities | (33) | 246,849 | -15,094 |
Investment activities | |||
Purchase of interest-bearing securities | (4) | -104,234 | - |
Redemption of interest-bearing securities | (4) | 77,463 | 54,505 |
Investments in PP&E and intangible fixed assets | (11),(12) | -13,758 | -20,970 |
Disinvestments in PP&E and intangible fixed assets | (11),(12) | 2,563 | 254 |
Investments in Associates | (10) | -13,977 | -58,075 |
Disinvestments in Associates | (10) | 20,779 | 2,840 |
Net cash flow from investment activities | (34) | -31,164 | -21,446 |
Financing activities | |||
Proceeds from issuance of debt securities, debentures and notes | (15) | 1,180,466 | 1,704,123 |
Redemption of debt securities, debentures and notes | (15) | -1,376,328 | -1,142,217 |
Lease payments | (11) | -3,402 | -3,393 |
Dividend paid | - | -3,570 | |
Net cash flow from financing activities | (35) | -199,264 | 554,943 |
Net cash flow | 16,421 | 518,403 | |
Cash and cash equivalents | |||
Net foreign exchange difference | -110,388 | 15,091 | |
Banks and short term deposits at January 1 | 1,438,103 | 904,609 | |
Banks and short term deposits at December 31 | (36) | 1,344,136 | 1,438,103 |
Total cash flow | 16,421 | 518,403 | |
Operational cash flows from interest and dividends | |||
Interest received | 326,523 | 350,697 | |
Interest paid | -82,478 | -161,040 | |
Dividend received | 32,908 | 29,645 | |
Interest paid for lease liabilities | -168 | -185 |
- 1 Unrealized (gains) losses arising from changes in fair value related to fair value changes in loans to private sector, derivatives, equity investments, debentures and notes.
- 2 Unrealized (gains) losses arising from other changes relate to changes in accrual and amortizable fees of financial assets and liabilities.
- 3 Movement is excluding foreign exchange results. Foreign exchange results are included in unrealized gains (losses) arising from foreign exchange rates.