Financial results

Download note 40 in XLS

40. Additional information to the statement of cash flows

Cash and cash equivalents

The balance of cash and cash equivalents recognized in the statement of cash flows includes the following cash and cash equivalent items maturing within three months.

 

	Balance as at	Balance as at
	31 December 2015	31 December 2014
	PLN’000	PLN’000
Cash in hand and deposits with the Central Bank	426 875	757 643
Current accounts	3 925	4 841
Total	430 800	762 484

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 2015 and 31 December 2014:

 

Change in the balance of receivables from other banks	Period	Period
	from 1 January 2015	from 1 January 2014
	to 31 December 2015	to 31 December 2014
	PLN’000	PLN’000
Balance-sheet change	112 923	(121 940)
Change in nostro accounts balance - cash	(918)
Difference between interest accrued and received in cash in the reporting period	(1 207)	456
Change presented in the consolidated statement of cash flows	110 798	(121 102)

 

 

Change in the balance of receivables from other banks	Period	Period
	from 1 January 2015	from 1 January 2014
	to 31 December 2015	to 31 December 2014
Balance sheet change in assets arising from securities sold under sell-and-buy-back (repo) arrangements	(19 794)	0
Difference between interest accrued and realized on a cash basis in the reporting period	12	0
Change presented in the consolidated statement of cash flows	(19 782)	0

 

Change in measurement of hedging derivates	Period	Period
	from 1 January 2015	from 1 January 2014
	to 31 December 2015	to 31 December 2014
Balance sheet change in assets arising from securities sold under sell-and-buy-back (repo) arrangements	(1 140)	0
Difference between interest accrued and realized on a cash basis in the reporting period	1 055	0
Measurement of hedging instruments recognized in revaluation reserve	31	0
Change presented in the consolidated statement of cash flows	(54)	0

 

 

Change in investment financial assets held to maturity	Period	Period
	from 1 January 2015	from 1 January 2014
	to 31 December 2015	to 31 December 2014
	PLN’000	PLN’000
Balance sheet change in investments financial assets available for sale in operating activities	297 200	354 471
Measurement of financial assets available for sale, recognized in the revaluation reserve, and effect of reclassification of financial assets between their classesw kapitale z aktualizacji wyceny oraz efekt reklasyfikacji aktywów finansowych pomiędzy kategoriami	11 180	5 066
Difference between interest accrued and realized on a cash basis in the reporting period	944	7 768
Change presented in the consolidated statement of cash flows	309 324	367 305

 

Change in loans and advances granted to customers	Period	Period
	from 1 January 2015	from 1 January 2014
	to 31 December 2015	to 31 December 2014
	PLN’000	PLN’000
Balance sheet change in investment financial assets held to maturity	(25 971)	(31 701)
Difference between interest accrued and realized on a cash basis in the reporting period	(5 487)	(526)
Change presented in the consolidated statement of cash flows	(31 458)	(32 227)

 

Change in liabilities to other banks	Period	Period
	from 1 January 2015	from 1 January 2014
	to 31 December 2015	to 31 December 2014
	PLN’000	PLN’000
Balance sheet change in loans and advances granted to customers	30 420	(37 742)
Difference between interest accrued and realized on a cash basis in the reporting period	(56)	43
Change presented in the consolidated statement of cash flows	30 364	(37 699)

 

Change in liabilities arising from securities sold under sell-and-buy-back (repo) arrangements	Period	Period
	from 1 January 2015	from 1 January 2014
	to 31 December 2015	to 31 December 2014
	PLN’000	PLN’000
Balance sheet change in liabilities arising from securities sold under sell-and-buy-back (repo) arrangements	(23 684)	128 091
Difference between interest accrued and realized on a cash basis in the reporting period	(11)	0
Change presented in the consolidated statement of cash flows	(23 695)	128 091

 

 

Change in other liabilities	Period	Period
	from 1 January 2015	from 1 January 2014
	to 31 December 2015	to 31 December 2014
	PLN’000	PLN’000
Balance-sheet change in other liabilities	(9 033)	10 545
Payment of finance lease liabilities	0	306
Change presented in the consolidated statement of cash flows	(9 033)	10 851

 

Other items	Period	Period
	from 1 January 2015	from 1 January 2014
	to 31 December 2015	to 31 December 2014
	PLN’000	PLN’000
Liquidation of fixed assets and intangible assets	360	649
Measurement of actuarial gains	(114)	156
Change presented in the consolidated statement of cash flows	246	805

 

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 due to interests in subsidiaries.

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.