CONSOLIDATED STATEMENT OF CASH FLOWS
PKO Annual
Report Online
2020
Report Online
2020
Note | 2020 | 2019 | |
---|---|---|---|
Cash flows from operating activities | |||
Profit / (loss) before tax | (1 696) | 5 819 | |
Income tax paid | (1 552) | (1 592) | |
Total adjustments: | 36 244 | 900 | |
Amortization and depreciation, including depreciation of property, plant and equipment under operating leases | 1 172 | 1 049 | |
(Gains)/losses on investing activities | 49 | (4) | (11) |
Interest and dividends | 49 | (1 278) | (863) |
Change in: | |||
amounts due from banks | 49 | (258) | (30) |
hedging derivatives | (524) | 131 | |
other derivative instruments | 474 | (619) | |
securities | 49 | (1 652) | (2 028) |
loans and advances to customers | 49 | 6 018 | (13 284) |
reverse repo transactions | 1 081 | (1 030) | |
receivebles in respect of insurance activities | 60 | (186) | |
non-current assets held for sale | 49 | (116) | 3 |
other assets | 49 | (236) | 129 |
accumulated allowances for expected credit losses | 49 | 2 040 | (956) |
accumulated allowances on non-financial assets and other provisions | 49 | 831 | 179 |
amounts due to banks | 49 | 491 | (917) |
amounts due to customers | 49 | 26 186 | 17 447 |
liabilities in respect of insurance activities | (37) | 380 | |
loan and advances received | 49 | 403 | 1 115 |
liabilities in respect of debt securities in issue | 49 | 1 374) | (143) |
subordinated liabilities | 49 | (14) | (1) |
other liabilities | 49 | 244 | 387 |
Other adjustments | 49 | (11) | 148 |
Net cash from/used in operating activities | 32 996 | 5 127 |
Note | 2020 | 2019 | |
---|---|---|---|
Cash flows from investing activities | |||
Inflows from investing activities | 65 807 | 218 185 | |
Proceeds from sale of and interest on securities measured at fair value through other comprehensive income | 63 742 | 209 689 | |
Proceeds from sale of and interest on securities measured at amortized cost | 1 871 | 8 061 | |
Proceeds from sale of intangible assets, property, plant and equipment and assets held for sale | 162 | 385 | |
Other inflows from investing activities (dividends) | 49 | 32 | 50 |
Outflows from investing activities | (105 609) | (232 357) | |
Purchase of shares in subsidiaries, net of cash acquired | – | (275) | |
Purchase of securities measured at fair value through other comprehensive income | (69 486) | (218 318) | |
Purchase of securities measured at amortized cost | (34 741) | (12 433) | |
Acquisition of intangible assets and property, plant and equipment, including under operating leases | (1 382) | (1 331) | |
Net cash from/used in investing activities | (39 802) | (14 172) |
Note | 2020 | 2019 | |
---|---|---|---|
Cash flows from financing activities | |||
Proceeds from debt securities in issue | 6 838 | 13 079 | |
Redemption of debt securities | 49 | (7 262) | (10 665) |
Taking up loans and advances | 49 | – | 665 |
Repayment of loans and advances | 49 | (915) | (3 353) |
Dividend paid to shareholders | 49 | – | (1 663) |
Payment of lease liabilities | 49 | (233) | (221) |
Repayment of interest on long-term liabilities | 49 | (602) | (642) |
Net cash from financing activities | (2 174) | (2 800) | |
Total net cash flows | (8 980) | (11 845) | |
of which foreign exchange differences on cash and cash equivalents | 115 | 17 | |
Cash equivalents at the beginning of the period | 18 681 | 30 526 | |
Cash equivalents at the end of the period | 49 | 9 701 | 18 681 |