Consolidated statement of cash flows
Consolidated statement of cash flows of the Bank Pocztowy S.A. Capital Group for the year ended 31 December 2015
| Period | Period | ||
|---|---|---|---|
| from 1 January 2015 | from 1 January 2014 | ||
| to 31 December 2015 | to 31 December 2014 | ||
| Note | PLN’000 | PLN’000 | |
| Cash flows from operating activities | |||
| Net financial profit/loss for the current period | 33 931 | 43 639 | |
| Total adjustments: | (512 336) | 508 408 | |
| Amortization | 11 | 18 178 | 20 804 |
| Interest accrued (from the income statement) | (258 175) | (268 150) | |
| Interest paid | (86 157) | (126 364) | |
| Interest received | 323 383 | 377 379 | |
| Gain/loss on investing activities | (145) | (55) | |
| Change in the balance of receivables from other banks | 40 | 110 798 | (121 102) |
| Change in receivables from securities purchased under reverse repo and buy-sell-back agreements | 40 | (19 782) | 0 |
| Change in financial assets held for trading | 733 | 33 | |
| Change in measurement of hedging derivatives | 40 | (54) | 0 |
| Change in loans and advances granted to customers | 40 | (123 508) | (64 862) |
| Change in investment financial assets available for sale | 40 | 309 324 | 367 305 |
| Change in investment financial assets held to maturity | 40 | (31 458) | (32 227) |
| Change in the balance of other assets | (8 915) | (2 200) | |
| Change in liabilities to the Central Bank | (1) | 0 | |
| Change in liabilities to other banks | 40 | 30 364 | (37 699) |
| Change in liabilities arising from securities sold under sell-and-buy-back arrangements | 40 | (23 695) | 128 091 |
| Change in financial assets held for trading | 283 | 77 | |
| Change in liabilities to customers | 40 | (741 496) | 260 475 |
| Change in provisions | (1 396) | (564) | |
| Change in other liabilities | 40 | (9 033) | 10 851 |
| Income tax paid | (10 778) | (15 695) | |
| Tax expense recognized in the income statement | 8 948 | 11 506 | |
| Other items | 40 | 246 | 805 |
| Net cash from operating activities | (478 405) | 552 047 | |
| Cash flows from investing activities | |||
| Receipts from investing activities | 158 | 71 | |
| Sale of property, plant and equipment | 158 | 71 | |
| Payments to investing activities | 38 366 | 26 913 | |
| Acquisition of intangible assets | 29 527 | 11 415 | |
| Acquisition of property, plant and equipment | 8 839 | 15 498 | |
| Net cash from investing activities | (38 208) | (26 842) | |
| Cash flows from financing activities | |||
| Proceeds from financing activities | 234 933 | 330 000 | |
| Issue of debt securities | 175 000 | 330 000 | |
| Net proceeds from issues of shares and other equity instruments | 59 933 | 0 | |
| Payments to financing activities | 50 004 | 424 421 | |
| Payment of lease liabilities | 0 | 311 | |
| Bond buyback | 30 000 | 400 000 | |
| Payment of interest on issued financial instruments and contracted subordinated liabilities | 20 004 | 24 110 | |
| Net cash from financing activities | 184 929 | (94 421) | |
| Net increase (decrease) in cash and cash equivalents | (331 684) | 430 784 | |
| including net exchange differences | (129) | (381) | |
| Cash and cash equivalents at the beginning of the period | 762 484 | 331 700 | |
| Cash and cash equivalents at the end of the period | 40 | 430 800 | 762 484 |