Consolidated statement of cash flows

 

 
  Note Year ended 31 December
2014 2013
A. Cash flows from operating activities   481 916 (871 524)
Profit before income tax   1 652 700 1 517 703
Adjustments::   (1 170 784) (2 389 227)
Income taxes paid    (398 422) (462 013)
Amortisation 25, 26 240 441 239 684
Foreign exchange (gains) losses related to financing activities   796 603 40 555
(Gains) losses on investing activities   (2 121) (13 600)
Impairment of investment securities   3 447 472
Dividends received 8 (19 992) (26 856)
Interest income (income statement) 6 (3 956 254) (3 949 971)
Interest expense (income statement) 6 1 465 596 1 724 160
Interest received   4 226 919 4 270 272
Interest paid   (1 259 024) (1 699 052)
Changes in loans and advances to banks   (1 002 595) 135 485
Changes in trading securities   (72 578) (28 764)
Changes in assets and liabilities on derivative financial instruments   (204 904) (535 158)
Changes in loans and advances to customers   (6 406 450) (1 389 151)
Changes in investment securities   (2 284 104) (5 747 785)
Changes in other assets   (387 566) (87 423)
Changes in amounts due to other banks   (2 846 865) 1 664 490
Changes in amounts due to customers   9 799 826 3 393 828
Changes in debt securities in issue   818 384 178 988
Changes in provisions   (51 347) 14 901
Changes in other liabilities   370 222 (112 289)
Net cash generated from/(used in) operating activities   481 916 (871 524)
B.Cash flows from investing activities   (196 312) (146 971)
Investing activity inflows   54 988 69 536
Disposal of shares in subsidiaries, net of cash disposed   - 2
Disposal of intangible assets and tangible fixed assets   34 996 29 264
Dividends received 8 19 992 26 856
Other investing inflows   - 13 414
Investing activity outflows   251 300 216 507
Acquisition of shares in subsidiaries     18
Purchase of intangible assets and tangible fixed assets   251 300 216 488
Other investing outflows   - 1
Net cash generated from/(used in) investing activities   (196 312) (146 971)
C. Cash flows from financing activities   721 173 (2 846 202)
Financing activity inflows   6 027 185 2 743 526
Proceeds from loans and advances from other banks   - 82 356
Proceeds from other loans and advances   1 050 075 636 430
Issue of debt securities   4 226 966 1 524 600
Increase of subordinated liabilities  31 750 000 500 000
Issue of ordinary shares   144 140
Financing activity outflows   5 306 012 5 589 728
Repayments of loans and advances from other banks   3 601 459 3 729 163
Repayments of other loans and advances   10 064 239 751
Redemption of debt securities   136 462 1 156 900
Acquisition of shares in subsidiaries - increase of involvement   - 2 000
Decrease of subordinated liabilities   480 122 -
Payments of financial lease liabilities   439 448
Dividends and other payments to shareholders   716 984 421 420
Interest paid from loans and advances received from other banks and from subordinated liabilities   360 482 40 046
Net cash generated from/(used in) financing activities   721 173 (2 846 202)
Net increase / decrease in cash and cash equivalents (A+B+C)   1 006 777 (3 864 697)
Effects of exchange rate changes on cash and cash equivalents   19 088 (27 980)
Cash and cash equivalents at the beginning of the reporting period   3 685 640 7 578 317
Cash and cash equivalents at the end of the reporting period 43 4 711 505 3 685 640
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