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