Notes to the consolidated statement of cash flows
The consolidated cash flow statement shows the sources of
liquidity that became available during the year and the application
of this liquidity. The liquidity is measured by the balance sheet
accounts 'banks' and 'short-term deposits'. The cash flows are
broken down according to operational, investing and financing
activities. The cash flow statement is prepared using the indirect
method. The consolidated cash flow statement has been adjusted for
presentation purposes; several line items have been aggregated. The
comparative figures have been adjusted accordingly.
35. Net cash flow from operational activities
The net cash flow from operational activities includes the
company's portfolio movements, such as loans to the private sector
and under guarantee of the State, equity investments, subsidiaries
and associates. The net cash flow further includes the movements in
working capital and current accounts with the State in regard to
government funds and programs.
36. Net cash flow from investing activities
The net cash flow from investing activities includes the
movements in the investment portfolio, such as the interest-bearing
securities. The movements in tangible fixed assets are also
included in the cash flow from investing activities.
37. Net cash flow from financing activities
The net cash flow from financing activities includes
movements in the funding attracted from the capital market. Also
included in the cash flow from financing activities are the
additions to and reductions from the company's capital.