Notes to the consolidated financial statements
Download note39. Additional information to the consolidated statement of cash flows
Cash and cash equivalents
For the purpose of consolidated statement of cash flows, the balance of cash and cash equivalents includes the following balances with maturity up to three months.
| Balance as at | Balance as at | |
|---|---|---|
| 31 December 2016 | 31 December 2015 | |
| PLN’000 | PLN’000 | |
| Cash in hand and deposits with the Central Bank | 65 365 | 426 875 |
| Accounts and deposits in other banks | 4 571 | 3 925 |
| Total | 69 936 | 430 800 |
Differences between balance sheet changes in certain items and changes in the balance of the same items in the statement of cash flows for the years ended 31 December 2016 and 31 December 2015:
| Change in the balance of receivables from other banks | Period | Period |
|---|---|---|
| from 01.01.2016 | from 01.01.2015 | |
| to 31.12.2016 | to 31.12.2015 | |
| PLN’000 | PLN’000 | |
| Balance-sheet change | (552) | 112 923 |
| Change in nostro accounts balance - cash | 646 | (918) |
| Difference between interest accrued and realized on a cash basis in the reporting period | 1 | (1 207) |
| Change presented in the consolidated statement of cash flows |
95 | 110 798 |
| Change in assets arising from securities purchased under reverse repo and buy-sell-back agreements | Period | Period |
|---|---|---|
| from 01.01.2016 | from 01.01.2015 | |
| to 31.12.2016 | to 31.12.2015 | |
| Balance sheet change in assets arising from securities purchased under reverse repo and buy-sell-back agreements | 19 794 | (19 794) |
| Difference between interest accrued and realized on a cash basis in the reporting period | (12) | 12 |
| Change presented in the consolidated statement of cash flows |
19 782 | (19 782) |
| Change in measurement of hedging derivatives | Period | Period |
|---|---|---|
| from 01.01.2016 | from 01.01.2015 | |
| to 31.12.2016 | to 31.12.2015 | |
| Balance sheet change in hedging derivatives | 926 | (1 140) |
| Difference between interest accrued and realized on a cash basis in the reporting period | 13 | 1 055 |
| Measurement of hedging instruments recognized in revaluation reserve | (888) | 31 |
| Change presented in the consolidated statement of cash flows |
51 | (54) |
| Change in investments in financial assets available for sale |
Period | Period |
|---|---|---|
| from 01.01.2016 | from 01.01.2015 | |
| to 31.12.2016 | to 31.12.2015 | |
| PLN’000 | PLN’000 | |
| Change in investments in financial assets available for sale | (372 339) | 297 200 |
| Measurement of financial assets available for sale recognized in the revaluation reserve, and effect of reclassification of financial assets between their classes |
(25 116) | 11 180 |
| Difference between interest accrued and realized on a cash basis in the reporting period | 1 803 | 944 |
| Change presented in the consolidated statement of cash flows |
(395 652) | 309 324 |
| Change in investments in financial assets held to maturity | Period | Period |
|---|---|---|
| from 01.01.2016 | from 01.01.2015 | |
| to 31.12.2016 | to 31.12.2015 | |
| PLN’000 | PLN’000 | |
| Balance sheet change in investments in financial assets held to maturity | 155 819 | (25 971) |
| Difference between interest accrued and realized on a cash basis in the reporting period | (6 267) | (5 487) |
| Change presented in the consolidated statement of cash flows |
149 552 | (31 458) |
| Change in loans and advances granted to clients | Period | Period |
|---|---|---|
| from 01.01.2016 | from 01.01.2015 | |
| to 31.12.2016 | to 31.12.2015 | |
| PLN’000 | PLN’000 | |
| Balance sheet change in loans and advances granted to clients | 158 543 | (161 105) |
| Difference between interest accrued and realized on a cash basis in the reporting period | 44 879 | 37 597 |
| Change presented in the consolidated statement of cash flows |
203 422 | (123 508) |
| Change in liabilities to other banks | Period | Period |
|---|---|---|
| from 01.01.2016 | from 01.01.2015 | |
| to 31.12.2016 | to 31.12.2015 | |
| PLN’000 | PLN’000 | |
| Balance sheet change in liabilities to other banks | (12 584) | 30 420 |
| Difference between interest accrued and realized on a cash basis in the reporting period | 57 | (56) |
| Change presented in the consolidated statement of cash flows |
(12 527) | 30 364 |
| Change in liabilities arising from securities sold under sell-and-buy-back (repo) arrangements | Period | Period |
|---|---|---|
| from 01.01.2016 | from 01.01.2015 | |
| to 31.12.2016 | to 31.12.2015 | |
| PLN’000 | PLN’000 | |
| Balance sheet change in liabilities arising from securities sold under sell-and-buy-back (repo) arrangements | (152 977) | (23 684) |
| Difference between interest accrued and realized on a cash basis in the reporting period | 11 | (11) |
| Change presented in the consolidated statement of cash flows |
(152 966) | (23 695) |
| Change in liabilities to clients | Period | Period |
|---|---|---|
| from 01.01.2016 | from 01.01.2015 | |
| to 31.12.2016 | to 31.12.2015 | |
| PLN’000 | PLN’000 | |
| Balance sheet change in liabilities to customers | 20 637 | (749 646) |
| Difference between interest accrued and realized on a cash basis in the reporting period | (4 488) | 8 150 |
| Change presented in the consolidated statement of cash flows |
16 149 | (741 496) |
| Change in other liabilities | Period | Period |
|---|---|---|
| from 01.01.2016 | from 01.01.2015 | |
| to 31.12.2016 | to 31.12.2015 | |
| PLN’000 | PLN’000 | |
| Change in other liabilities | 19 036 | (9 033) |
| Change presented in the consolidated statement of cash flows |
19 036 | (9 033) |
| Other items | Period | Period |
|---|---|---|
| from 01.01.2016 | from 01.01.2015 | |
| to 31.12.2016 | to 31.12.2015 | |
| PLN’000 | PLN’000 | |
| Liquidation of fixed and intangible assets | 263 | 360 |
| Actuarial gains/losses | (191) | (114) |
| Change presented in the consolidated statement of cash flows |
72 | 246 |
The Group decided to apply the following classification to operating, investing and financing activities in the statement of cash flows.
Operating activities constitute the core business of the Group which cannot be classified to investing or financing activities.
Investing activities involve acquisition and sale of property, plant and equipment and intangible assets as well as receiving cash flows from dividend resulting from interests in other entities.
Financing activities involve entering into long-term financial contracts (for more than 12 months) constituting the source of the financing for the Group’s activities, i.e. issuing debt securities, taking up loans, redeeming debt securities issued and repaying loans with accrued interest.