Consolidated statement of cash flows
For the year ended December 31, 2022
Notes |
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Operational activities | |||
Net profit/(loss) | 1,035 | 490,646 | |
Adjustment for non-cash items: | |||
- Result of associates | 58,597 | -63,902 | |
- Unrealized (gains)/losses arising from changes in fair value¹ | 76,004 | -75,501 | |
- Unrealized (gains)/losses arising from changes in foreign exchange rates | -181,140 | -217,808 | |
- Unrealized (gains)/losses arising from other changes² | -14,101 | -7,354 | |
- Amortization of premiums/discounts debentures and notes | 1,294 | -3,744 | |
- Impairments | 142,783 | -9,066 | |
- Depreciation and impairment of PP&E and intangible assets | (11),(12) | 11,450 | 11,934 |
- Income tax expense/(gain) | -16,873 | 33,268 | |
Changes in: | |||
- Income taxes payable / receivable | -36,929 | -3,863 | |
- Loans | -267,410 | 224,328 | |
- Equity investments | -174,796 | 94,358 | |
- Other assets and liabilities3 | 74,486 | -48,877 | |
- Short-term deposits > 3 months3 | 23,508 | -43,911 | |
- Short-term credits3 | -76,636 | -222,151 | |
Net cash flow from operating activities | (34) | -378,728 | 158,357 |
Investing activities | |||
Purchase of interest-bearing securities | (4) | -152,653 | -160,324 |
Redemption of interest-bearing securities | (4) | 86,682 | 77,317 |
Investments in PP&E and intangible fixed assets | (11),(12) | -4,523 | 198 |
Disinvestments in PP&E and intangible fixed assets | (11),(12) | 26 | 852 |
Investments in associates | (10) | -14,715 | -38,006 |
Disinvestments in associates | (10) | 10,929 | 636 |
Net cash flow from investing activities | (35) | -74,254 | -119,327 |
Financing activities | |||
Proceeds from issuance of debt securities, debentures and notes | (15) | 1,374,288 | 627,296 |
Redemption of debt securities, debentures and notes | (15) | -1,011,379 | -709,702 |
Lease payments | (11) | -3,367 | -3,367 |
Dividend paid | -12,831 | - | |
Net cash flow from financing activities | (36) | 346,711 | -85,773 |
Net cash flow | -106,271 | -46,743 | |
Cash and cash equivalents | |||
Banks and short-term deposits at January 1 | 1,395,141 | 1,344,136 | |
Net foreign exchange difference | 85,910 | 97,748 | |
Total cash flow | -106,271 | -46,743 | |
Banks and short-term deposits at December 31 | (37) | 1,374,780 | 1,395,141 |
Operational cash flows from interest and dividends | |||
Interest received | 299,061 | 271,751 | |
Interest paid | -114,879 | -35,695 | |
Dividend received | 40,853 | 22,066 | |
Interest paid for lease liabilities | -139 | -158 | |
Income tax received/(paid) | -43,771 | 838 |
- 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.