Condensed consolidated statement of cash flows
Notes | June 30, 2019 | June 30, 2018 | |
Operational activities | |||
Net profit | 58,053 | 123,794 | |
Adjustment for non-cash items: | |||
- Result of associates | -2,023 | -3,403 | |
- Unrealised (gains) losses arising from changes in fair value | 44,878 | -9,730 | |
- Unrealised (gains) losses arising from changes in foreign exchange rates | 10,998 | 1,825 | |
- Unrealised (gains) losses arising from other changes | 7,645 | 11,645 | |
- Amortization of premiums/discounts debentures and notes | 5,814 | 443 | |
- Actuarial (gains) losses | -1,077 | 3,021 | |
- Impairments/Value adjustments | 15,251 | -8,937 | |
- Depreciation and impairment of PP&E assets | 3,660 | 1,930 | |
- Income tax expense | 8,444 | 16,347 | |
Changes in: | |||
- Income taxes payable / receivable | -20,448 | -44,614 | |
- Loans | 5,499 | -24,882 | |
- Equity investments | -117,349 | -41,217 | |
- Other assets and liabilities1 | -14,469 | 92,086 | |
- Short-term deposits1 | -574,490 | -454,438 | |
- Short-term credits1 | 39,778 | -35,894 | |
Net cash flow from operational activities | -529,836 | -372,024 | |
Investment activities | |||
Purchase of interest-bearing securities | - | - | |
Redemption/sale of interest-bearing securities | 17,601 | - | |
Investments in PP&E assets | -7,700 | -2,273 | |
Divestments in PP&E assets | - | - | |
Net cash flow from investment activities | 9,901 | -2,273 | |
Financing activities | |||
Proceeds from issuance of debt securities, debentures and notes | (7) | 1,085,065 | 295,019 |
Redemption of debt securities, debentures and notes | (7) | -498,507 | -495,568 |
Lease payments | -1,635 | - | |
Dividend paid | -3,570 | -14,040 | |
Net cash flow from financing activities | 581,353 | -214,589 | |
Net cash flow | 61,418 | -588,886 | |
Cash and cash equivalents | |||
Net foreign exchange difference | -24,897 | 17,776 | |
Banks and short term deposits at January 1 | 929,506 | 1,545,411 | |
Banks and short term deposits at June 30 | 966,027 | 974,301 | |
Total cash flow | 61,418 | -588,886 | |
Operational cash flows from interest and dividends | |||
Interest received | 147,383 | 147,161 | |
Interest paid | -84,021 | -55,538 | |
Dividend received | 11,537 | 13,404 |
- 1 Movement is excluding foreign exchange results. Foreign exchange results are included in unrealized gains (losses).
Banks and short term deposits
The balance as mentioned in the cash flow statement corresponds with the following items in the consolidated balance sheet:
Cash position maturity bucket < 3 months | June 30, 2019 | June 30, 2018 |
Banks | 32,765 | 48,525 |
Short term deposits | 1,805,336 | 1,450,685 |
-of which > 3 months | -872,074 | -524,909 |
Banks and short term deposits < 3 months | 966,027 | 974,301 |