Condensed consolidated statement of cash flows

	Notes	June 30, 2024	June 30, 2023

Operational activities
Net profit/(loss)		134,267	44,201

Adjustment for non-cash items:
- Result of associates and joint ventures		-14,501	-32,102
- Unrealised (gains) losses arising from changes in fair value¹		6,331	21,547
- Unrealised (gains) losses arising from changes in foreign exchange rates		-120,711	-4,257
- Unrealised (gains) losses arising from other changes²		-715	-15,006
- Amortization of premiums/discounts debentures and notes		1,891	3,962
- Impairments		-24,414	34,092
- Depreciation and impairment of PP&E assets		4,731	4,855
- Income tax expense/(gain)		10,697	711

Changes in:
- Income taxes payable / receivable		2,141	-11,064
- Loans		-77,748	-27,400
- Equity investments		17,105	-31,216
- Other assets and liabilities³		-7,023	33,549
- Short-term deposits > 3 months³		-91,520	-312,889
- Short-term credits³		-28,759	14,940
Net cash flow from operational activities		-188,228	-276,077

Investment activities
Purchase of interest-bearing securities		-61,128	-93,846
Redemption/sale of interest-bearing securities		23,474	74,624
Investments in PP&E and intangible fixed assets		-9,826	-5,102
Disinvestments in PP&E and intangible fixed assets		1,367	1,077
Investments in associates/joint ventures		-197	-2,058
Disinvestments in associates/joint ventures		-	6,657
Net cash flow from investment activities		-46,310	-18,648

Financing activities
Proceeds from issuance of debt securities, debentures and notes	(6)	652,174	817,284
Redemption of debt securities, debentures and notes	(6)	-644,681	-648,631
Lease payments		-1,645	-1,704
Dividend paid		-2,152	-
Net cash flow from financing activities		3,696	166,949
Net cash flow		-230,842	-127,776

Cash and cash equivalents
Banks and short term deposits at January 1		1,866,997	1,374,780
Net foreign exchange difference		57,543	-26,434
Total cash flow		-230,842	-127,776
Banks and short term deposits at June 30		1,693,698	1,220,570

Operational cash flows from interest and dividends
Interest received		263,255	228,329
Interest paid		-160,953	-137,179
Dividend received		10,151	11,443
Interest paid for lease liabilities		-50	-66
Income tax received/(paid)		-	-

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, 2024	June 30, 2023
Banks	59,118	61,013
Short term deposits measured at AC	1,409,144	915,364
Short term deposits measured at FVPL	332,621	577,485
-of which > 3 months	-107,185	-333,292
Banks and short term deposits < 3 months	1,693,698	1,220,570