Consolidated statement of cash flows
Annual report
2018
2018
| Note | 2018 | 2017 | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before tax | 5 078 | 4 249 | |
| Total adjustments: | 5 818 | 13 500 | |
| Amortization and depreciation | 821 | 844 | |
| (Gains)/losses on investing activities | (57) | (117) | |
| Interest and dividends | (582) | (465) | |
| Change in: | |||
| amounts due from banks | (17) | 700 | |
| hedging derivatives | 496 | (1 436) | |
| other derivatives | (89) | 281 | |
| securities | 687 | 5 350 | |
| – held for trading | 196 | (105) | |
| – financial instruments designated at fair value through profit or loss upon initial recognition |
5 780 | ||
| – not held for trading, mandatorily measured at fair value through profit or loss |
1 842 | ||
| – investment securities available-for-sale | (413) | ||
| – investment securities held to maturity | 88 | ||
| – measured at fair value through OCI | (1 163) | ||
| – measured at amortized cost | (188) | ||
| loans and advances to customers | (12 001) | (4 844) | |
| – not held for trading, mandatorily measured at fair value through profit or loss | (36) | ||
| – measured at amortized cost | (11 965) | (4 844) | |
| non-current assets held for sale | 142 | (143) | |
| other assets | (297) | 188 | |
| accumulated allowances for credit losses and impairment allowances | (2 374) | (186) | |
| accumulated allowances on non-financial assets and other provisions | 86 | 84 | |
| amounts due to the Central Bank | 1 | 2 | |
| amounts due to banks | (41) | (1 204) | |
| amounts due to customers | 21 519 | 15 053 | |
| liabilities in respect of insurance activities | 410 | 339 | |
| debt securities in issue | 238 | (1 119) | |
| subordinated liabilities | 11 | 17 | |
| other liabilities | (1 377) | 1 069 | |
| Income tax paid | (1 845) | (972) | |
| Other adjustments | 87 | 59 | |
| Net cash used in operating activities | 10 896 | 17 749 |
| Note | 2018 | 2017 | |
|---|---|---|---|
| Cash flows from investing activities | |||
| Inflows from investing activities | 267 760 | 96 663 | |
| Proceeds from sale of subsidiaries | 177 | – | |
| Proceeds from sale and interest on investment securities | 96 415 | ||
| Proceeds from sale of and interest on securities measured at fair value through other comprehensive income | 266 385 | ||
| Proceeds from sale of and interest on securities measured at amortized cost | 925 | ||
| Proceeds from sale of intangible assets, property, plant and equipment and assets held for sale | 239 | 224 | |
| Other inflows from investing activities (dividends) | 34 | 24 | |
| Outflows from investing activities | (273 252) | (103 557) | |
| Purchase of shares in subsidiaries, net of cash acquired | (2) | (47) | |
| Increase in equity of an associate | – | (23) | |
| Purchase of investment securities | (102 862) | ||
| Purchase of securities measured at fair value through other comprehensive income | (269 204) | ||
| Purchase of securities measured at amortized cost | (3 033) | ||
| Purchase of intangible assets and property, plant and equipment | (1 013) | (625) | |
| Net cash used in investing activities | (5 492) | (6 894) |
| Note | 2018 | 2017 | |
|---|---|---|---|
| Cash flows from financing activities | |||
| Proceeds from debt securities in issue | 12 705 | 17 836 | |
| Redemption of debt securities | (8 248) | (7 278) | |
| Proceeds from issue of subordinated bonds | 1 000 | 1 700 | |
| Dividend paid to shareholders | (688) | – | |
| Repayment of subordinated bonds issued | – | (1 656) | |
| Repayment of a subordinated loan | – | (880) | |
| Taking up loans and advances | 1 128 | 311 | |
| Repayment of loans and advances | (3 264) | (15 360) | |
| Repayment of interest on long-term liabilities | (511) | (494) | |
| Net cash from financing activities | 2 122 | (5 821) | |
| Total net cash flows | 7 526 | 5 034 | |
| of which foreign exchange differences on cash and cash equivalents | 217 | (366) | |
| Cash equivalents at the beginning of the period | 23 000 | 17 966 | |
| Cash equivalents at the end of the period | 49 | 30 526 | 23 000 |