Consolidated statement of cash flows

Cash flows from operating activities:	Note	12 months ended 31.12.2019	12 months ended 31.12.2018
Net profit (loss)		614,694	360,378
Adjustments for:		(288,933)	(8,806,415)
Income tax expenses		258,261	108,518
Depreciation and amortization		454,148	189,714
Dividend income		(6,007)	(4,860)
Interest income		(4,188,083)	(2,983,829)
Interest expense		1,019,324	876,978
Change in provisions		106,771	162,499
Change in amounts due from banks		(53,350)	68,820
Change in assets due to derivative financial instruments		(182,930)	42,967
Change in loans and advances to customers measured at amortised cost		(867,648)	2,010,302
Change in loans and advances to customers measured at fair value through profit or loss		441,853	(2,419,182)
Change in amounts due to banks		911,940	(2,060,509)
Change of financial liabilities held for trading		–	59,268
Change in liabilities due to derivative financial instruments		132,437	43,813
Change in amounts due to customers		(966,098	(2,710,188)
Change in receivables due to current income tax		(6,068)	(3,948,365)
Change in other liabilities and provisions due to deferred tax		(183,752)	120,147
Other adjustments	50	(65,576)	42,728
Interest received		3,924,615	2,502,542
Interest paid		(1,028,944)	(913,778)
Leasing fees for short-term leases not included in the valuation of the liability		10,174	–
Net cash flows from operating activities		325,762	(8,446,037)

Cash flows from investing activities:	Note	12 months ended 31.12.2019	12 months ended 31.12.2018
Inflows		14,662,737	27,784,175
Sale of shares in subsidiaries	23,24,25	14,603,324	23,877,234
Cash acquired as a result of merging of entities		–	3,854,038
Sale of intangible assets and property, plant and equipment		53,406	48,043
Dividends received and other inflows from investing activities		6,007	4,860
Outflows		(13,043,935)	(20,024,220)
Purchase of debt securities	23 ,24 ,25	(12,539,134)	(19,743,134)
Purchase of intangible assets and property, plant and equipment		(504,801)	(228,574)
Other investment expenses		–	(52,512)
Net cash flows from investing activities		1,618,802	7,759,955
Cash flows from financing activities:
Inflows		–	4,219,127
Increase in subordinated debt		–	172,000
Net proceeds from share issue and equity contributions		–	4,047,127
Outflows		(536,808)	(3,550,797)
Repayment of long-term loans and advances received		(403,043)	(3,265,797)
Repayment of leasing liabilities		(133,765)	–
Redemption of debt securities	23 ,24 ,25	–	(285,000)
Net cash flows from financing activities		(536,808)	668,330
Total net cash and cash equivalents		1,407,756	(17,752)
Cash and cash equivalents at the beginning of the period		3,425,453	3,443,205
Cash and cash equivalents at the end of the period, including:	49	4,833,209	3,425,453
effect of exchange rate fluctuations on cash and cash equivalents		1,667	6,314
restricted cash and cash equivalents		–	626

Annual report 2019

Search results