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.
33. 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.
34. 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 PP&E assets are also included in the cash flow from investing activities.
35. 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.
36. 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
Short term deposits measured at AC
Short term deposits measured at FVPL
-of which > 3 months
Banks and short term deposits < 3 months
Cash and cash equivalents include banks, short term deposits at AC and a part of short term deposits at FVPL, which consists of commercial paper with a maturity of less than three months. For breakdown of short term deposits, reference is made to Note 3.