EN
PL
Consolidated cash flows statement
Note
1 January- 31 December 2016
1 January - 31 December 2015 (restated)
Profit before tax
3,031
2,944
Adjustments
1,206
(1,672)
Change in loan receivables from clients
(5,190)
-
Change in liabilities from deposits
3,964
-
Change in valuation of assets measured at fair value
(357)
(391)
Interest income
(1,126)
(1,232)
Realized investment profit/loss and impairment losses
935
223
Result from foreign exchange differences
(98)
(78)
Change in deferred acquisition costs
(253)
(443)
Amortization of intangible assets and tangible assets
412
359
Change in reinsurers’ share in technical provisions
107
(344)
Change in technical provisions
914
1,113
Change in receivables
(2,338)
256
Change in liabilities
1,967
126
Flows from investment contracts
(152)
(558)
Acquisitions and redemptions of participation units and certificates in investment funds
303
385
Paid income tax
(580)
(555)
Profit from bargain acquisition of the core Business of Bank BPH
(508)
-
Other adjustments
3,206
(533)
Net cash flows from operating activities
4,237
1,272
Cash flows from investment activities
Inflows
1,030,990
645,441
- disposal of investment property
69
57
- inflows from investment property
279
246
- disposal of intangible assets and tangible assets
14
6
- disposal of shares
4,470
4,878
- redemption of debt instruments
183,612
45 218
- inflows from buy-sell-back transactions
351,307
312,777
- withdrawal of term deposits at credit institutions
367,893
192,354
- inflows from other investments
120,655
85,974
- interest received
1,525
1 737
- dividends received
61
53
- cash inflows due to purchase of units and changes in the consolidation scope
1,076
2,104
- other inflows from investments
29
37
Outflows
(1,032,857)
(640,588)
- acquisition of investment property
(202)
(312)
- outflows for maintenance of investment property
(174)
(168)
- acquisition of intangible assets and tangible assets
(700)
(321)
- acquisition of shares
(4,336)
(4,771)
- acquisition of shares in subsidiaries
2.4.1
(1,852)
(1,348)
- cash outflows due to sale of units and changes in the consolidation scope
2.4.2
(7)
(227)
- acquisition of debt securities
(188,304)
(43,041)
- opening buy-sell-back transactions
(351,016)
(312,954)
- acquisition of term deposits at credit institutions
(364,550)
(191,288)
- acquisition of other investments
(121,715)
(86,152)
- other investments outflows
(1)
(6)
Net cash flows from investment activities
(1,867)
4,853
Cash flows from financial activities
Inflows
333,943
373,820
- inflows from issuance of shares by subsidiaries (partially covered by non-controlling shareholders)
1,516
-
- inflows from loans and borrowings
2,883
41
- inflows due to issuance of own debt securities
277
1,457
- opening sell-buy-back transactions
329,267
372,322
Outflows
(335,833)
(377,854)
- dividends paid to owners of the parent entity
38.1.1.1
(1,796)
(4,059)
- repayment of loans and borrowings
(38)
(126)
- inflows from sell-buy-back transactions
(332,902)
(373,635)
- interest from loans and borrowings
(994)
(5)
- interest from issued debt securities
(103)
(29)
Net cash flows from financial activities
(1,890)
(4,034)
Total net cash flows
480
2,091
Cash and cash equivalents at the beginning of the financial year
2,440
324
Change in cash due to foreign exchange differences
53
25
Cash and cash equivalents at the end of the financial year, including:
36
2,973
2,440
- not available for use
35
22
