Condensed consolidated statement of cash flows
Notes | June 30, 2021 | June 30, 2020 | |
Operational activities | |||
Net profit/(loss) | 198,397 | -279,602 | |
Adjustment for non-cash items: | |||
- Result of associates | -8,789 | 66,950 | |
- Unrealised (gains) losses arising from changes in fair value1 | -44,465 | 219,572 | |
- Unrealised (gains) losses arising from changes in foreign exchange rates | -93,590 | 17,946 | |
- Unrealised (gains) losses arising from other changes2 | -6,924 | -8,910 | |
- Amortization of premiums/discounts debentures and notes | 5,650 | 5,457 | |
- Impairments | -28,246 | 105,766 | |
- Depreciation and impairment of PP&E assets | 5,533 | 4,976 | |
- Income tax expense | 26,941 | -23,829 | |
Changes in: | |||
- Income taxes payable / receivable | 23,825 | 22,567 | |
- Loans | 313,716 | -95,917 | |
- Equity investments | -31,535 | -37,651 | |
- Other assets and liabilities3 | -30,921 | -36,876 | |
- Short-term deposits > 3 months3 | -59,044 | -133,633 | |
- Short-term credits3 | -89,550 | 95,987 | |
Net cash flow from operational activities | 180,998 | -77,197 | |
Investment activities | |||
Purchase of interest-bearing securities | -92,102 | -99,193 | |
Redemption/sale of interest-bearing securities | 47,084 | 50,707 | |
Investments in PP&E and intangible fixed assets | -742 | -7,671 | |
Disinvestments in PP&E and intangible fixed assets | - | - | |
Investments in Associates | -10,195 | -6,012 | |
Divestments in Associates | 636 | 4,640 | |
Net cash flow from investment activities | -55,319 | -57,529 | |
Financing activities | |||
Proceeds from issuance of debt securities, debentures and notes | (7) | 526,731 | 926,230 |
Redemption of debt securities, debentures and notes | (7) | -173,429 | -646,089 |
Lease payments | -1,685 | -1,745 | |
Dividend paid | - | - | |
Net cash flow from financing activities | 351,617 | 278,396 | |
Net cash flow | 477,296 | 143,670 | |
Cash and cash equivalents | |||
Net foreign exchange difference | 50,105 | -467 | |
Banks and short term deposits at January 1 | 1,344,136 | 1,438,103 | |
Banks and short term deposits at June 30 | 1,871,537 | 1,581,306 | |
Total cash flow | 477,296 | 143,670 | |
Operational cash flows from interest and dividends | |||
Interest received | 147,619 | 192,328 | |
Interest paid | -15,514 | -58,094 | |
Dividend received | 9,850 | 20,166 | |
Interest paid for lease liabilities | -80 | -89 |
- 1 Unrealized (gains) losses arising from changes in fair value related to fair value changes in loans to private sector, derivatives, equity investments, debentures and notes.
- 2 Unrealized (gains) losses arising from other changes relate to changes in accrual and amortizable fees of financial assets and liabilities.
- 3 Movement is excluding foreign exchange results. Foreign exchange results are included in unrealized gains (losses) arising from foreign exchange rates.
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, 2021 | June 30, 2020 |
Banks | 52,672 | 60,339 |
Short term deposits measured at AC | 1,071,175 | 615,341 |
Short term deposits measured at FVPL | 806,734 | 1,016,741 |
-of which > 3 months | -59,044 | -111,115 |
Banks and short term deposits < 3 months | 1,871,537 | 1,581,306 |