Consolidated statement of cash flows
| CASH FLOWS FROM OPERATING ACTIVITIES: | Note | 12 months ended 31.12.2021 |
12 months ended 31.12.2020 |
|---|---|---|---|
| Net profit (loss) | 176,298 | 733,095 | |
| Adjustments for: | 1,639,445 | 3,966,271 | |
| Income tax expenses | 439,831 | 377,472 | |
| Depreciation and amortization | 399,553 | 367,958 | |
| Dividend income | (8,550) | (9,669) | |
| Interest income | (3,420,814) | (3,573,340) | |
| Interest expense | 279,872 | 513,270 | |
| Change in provisions | 1,042,634 | 126,450 | |
| Change in amounts due from banks | 52 | (1,243,712) | (105,680) |
| Change in assets due to derivative financial instruments | 96,026 | (1,034,404) | |
| Change in loans and advances to customers measured at amortised cost | 52 | (11,083,972) | (1,954,634) |
| Change in loans and advances to customers measured at fair value through profit or loss | 320,821 | 434,548 | |
| Change in amounts due to banks | 52 | 171,851 | 2,108,035 |
| Change in liabilities due to derivative financial instruments | (187,181) | 1,024,012 | |
| Change in amounts due to customers | 52 | 11,019,451 | 3,994,614 |
| Change in receivables due to current income tax | 215,053 | 89,970 | |
| Change in other liabilities and provisions due to deferred tax | 123,503 | (849,135) | |
| Other adjustments | 52 | 184,199 | (9,540) |
| Interest received | 3,578,896 | 3,083,438 | |
| Interest paid | (286,745) | (622,286) | |
| Leasing fees for short-term leases not included in the valuation of the liability | (1,271) | 5,192 | |
| Net cash flows from operating activities | 1,815,743 | 4,699,366 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | Note | 12 months ended 31.12.2021 |
12 months ended 31.12.2020 |
|---|---|---|---|
| Inflows | 87,470,007 | 49,025,186 | |
| Sale of debt securities | 87,414,933 | 48,851,252 | |
| Sale of investment property | – | 30,959 | |
| Sale of intangible assets and property, plant and equipment | 46,484 | 133,289 | |
| Dividends received and other inflows from investing activities | 8,590 | 9,686 | |
| Outflows | (87,690,384) | (56,532,021) | |
| Purchase of debt securities | (87,348,001) | (56,160,854) | |
| Purchase of intangible assets and property, plant and equipment | (342,383) | (371,167) | |
| Net cash flows from investing activities | (220,377) | (7,506,835) | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Inflows | 2,396,452 | 3,862,305 | |
| Long-term loans received and subordinated liabilities | 2,396,352 | 3,862,305 | |
| Net inflows from share issue | 100 | – | |
| Outflows | (2,184,322) | (2,182,725) | |
| Repayment of long-term loans | (1,461,637) | (1,193,888) | |
| Repayment of leasing liabilities | (126,968) | (128,328) | |
| Repurchase of debt securities | (595,717) | (860,509) | |
| Net cash flows from financing activities | 212,130 | 1,679,580 | |
| TOTAL NET CASH AND CASH EQUIVALENTS | 1,807,496 | (1,127,889) | |
| Cash and cash equivalents at the beginning of the period | 3,705,320 | 4,833,209 | |
| Cash and cash equivalents at the end of the period | 51 | 5,512,816 | 3,705,320 |
| effect of exchange rate fluctuations on cash and cash equivalents | 23,247 | 57,021 |