Consolidated statement of cash flows

For the year ended 31 December 2017

  

Notes

2017

2016

     

Operational activities

   

Net profit

 

255,235

176,105

     

Adjusted for non-cash items:

   

-

Result of associates

 

-9,293

-6,247

-

Unrealised (gains) losses arising from changes in fair value

 

-186,091

7,761

-

Unrealised (gains) losses arising from changes in foreign exchange rates

 

108,209

46,615

-

Unrealized (gains) losses arising from other changes

 

8,374

7,794

-

Value adjustments

 

65,342

-1,672

-

Depreciation and impairment of PP&E assets

 

3,154

2,565

-

Income tax expense

 

37,281

42,969

     

Changes in:

   

-

Income tax paid

 

-61,545

-46,166

-

Net movement (disbursements and repayments) in loans (including guaranteed by the State)

 

-117,213

-79,637

-

Purchase of and proceeds from equity investments and associates

 

-107,377

-233,442

-

Movement other assets and liabilities 1)

 

-123,792

65,665

-

Movement in short-term deposits 1)

 

414,451

242,088

-

Movement in short-term credits 1)

 

105,058

-36,388

Net cash flow from operational activities

(35)

391,793

188,010

     

Investment activities

   

Purchase of interest-bearing securities

 

-142,692

-74,235

Redemption/sale of interest-bearing securities

 

344,078

112,507

Investments in PP&E assets

 

-6,852

-4,107

Divestments of PP&E assets

 

-

-

Net cash flow from investment activities

(36)

194,534

34,165

     

Financing activities

   

Proceeds from issuance of debt securities, debentures and notes

(15)

1,229,760

612,748

Redemption of debt securities, debentures and notes

(15)

-983,643

-891,209

Dividend paid

 

-6,682

-6,231

Net cash flow from financing activities

(37)

239,435

-284,692

Net cash flow

 

825,762

-62,517

     

Cash and cash equivalents

   

Net foreign exchange difference

 

-96,211

-16,963

Banks and short-term deposits at January 12)

 

833,636

913,116

Banks and short-term deposits at December 312)

 

1,563,187

833,636

Total cash flow

 

825,762

-62,517

     

Operational cash flows from interest and dividends

   

Interest received

 

291,953

282,572

Interest paid

 

-97,793

-64,727

Dividend received

 

36,592

16,819

  • 1 Movement is excluding foreign exchange results. Foreign exchange results are included in unrealized gains (losses).
  • 2 This balance corresponds with the following items in the consolidated balance sheets: banks and short term deposits to the extent that the maturity date is less than 3 months.