Consolidated statement of cash flows
For the year ended December 31, 2021
Notes |
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Operational activities | |||
Net profit/(loss) | 490,646 | -205,267 | |
Adjustment for non-cash items: | |||
- Result of associates | -63,902 | 66,416 | |
- Unrealised (gains) losses arising from changes in fair value1 | -75,501 | 192,831 | |
- Unrealised (gains) losses arising from changes in foreign exchange rates | -217,808 | 218,830 | |
- Unrealised (gains) losses arising from other changes2 | -7,354 | -11,274 | |
- Amortization of premiums/discounts debentures and notes | -3,744 | 8,488 | |
- Impairments | -9,066 | 78,382 | |
- Depreciation and impairment of PP&E and intangible assets | (11),(12) | 11,934 | 12,665 |
- Income tax expense/(gain) | 33,268 | 4,391 | |
Changes in: | |||
- Income taxes payable / receivable | -3,863 | 46,484 | |
- Loans | 224,328 | -222,271 | |
- Equity investments | 94,358 | -117,423 | |
- Other assets and liabilities3 | -48,877 | 10,919 | |
- Short-term deposits > 3 months3 | -43,911 | -76,116 | |
- Short-term credits3 | -222,151 | 239,794 | |
Net cash flow from operational activities | (33) | 158,357 | 246,849 |
Investment activities | |||
Purchase of interest-bearing securities | (4) | -160,324 | -104,234 |
Redemption of interest-bearing securities | (4) | 77,317 | 77,463 |
Investments in PP&E and intangible fixed assets | (11),(12) | 198 | -13,758 |
Disinvestments in PP&E and intangible fixed assets | (11),(12) | 852 | 2,563 |
Investments in Associates | (10) | -38,006 | -13,977 |
Disinvestments in Associates | (10) | 636 | 20,779 |
Net cash flow from investment activities | (34) | -119,327 | -31,164 |
Financing activities | |||
Proceeds from issuance of debt securities, debentures and notes | (15) | 627,296 | 1,180,466 |
Redemption of debt securities, debentures and notes | (15) | -709,702 | -1,376,328 |
Lease payments | (11) | -3,367 | -3,402 |
Dividend paid | - | - | |
Net cash flow from financing activities | (35) | -85,773 | -199,264 |
Net cash flow | -46,743 | 16,421 | |
Cash and cash equivalents | |||
Net foreign exchange difference | 97,748 | -110,388 | |
Banks and short term deposits at January 1 | 1,344,136 | 1,438,103 | |
Banks and short term deposits at December 31 | (36) | 1,395,141 | 1,344,136 |
Total cash flow | -46,743 | 16,421 | |
Operational cash flows from interest and dividends | |||
Interest received | 271,751 | 326,523 | |
Interest paid | -35,695 | -82,478 | |
Dividend received | 22,066 | 32,908 | |
Interest paid for lease liabilities | -158 | -168 |
- 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.