Cash flow statement

Annual Report 2017 > Results 2017 > Cash flow statement
Reference Areas:
Health
Investments
Banking
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Consolidated cash flow statementNote1 January – 31 December 20171 January – 31 December 2016 (restated) 1)
Profit before tax 5,5262,988
Adjustments 9,8961,249
Movement in loan receivables from clients (13,222)(5,159)
Movement in liabilities under deposits 19,4783,964
Movement in the valuation of assets measured at fair value (411)(357)
Interest income and expenses (1,749)(1,126)
Realized gains/losses from investing activities and impairment losses 960935
Net foreign exchange differences (589)(98)
Movement in deferred acquisition costs (78)(253)
Amortization of intangible assets and depreciation of property, plant and equipment 884412
Movement in the reinsurers’ share of technical provisions (260)107
Movement in technical provisions 2,364914
Movement in receivables (554)(2,299)
Change in liabilities 1,9771,961
Cash flow on investment contracts (89)(152)
Acquisitions and redemptions of participation units and investment certificates of mutual funds (228)303
Income tax paid (1,229)(580)
Gain from a bargain purchase of Bank BPH’s Core Business -(465)
Other adjustments 2,6423,142
Net cash flows from operating activities 15,4224,237
Cash flow from investing activities   
Proceeds 904,3281,030,990
- sale of investment property 5969
- proceeds from investment property 301279
- sale of intangible assets and property, plant and equipment 1314
- sale of ownership interests and shares 3,1154,470
- realization of debt securities 200,893183,612
- closing of buy-sell-back transactions 369,251351,307
- closing of term deposits with credit institutions 235,593367,893
- realization of other investments 88,276120,655
- interest received 1,7571,525
- dividends received 3761
- increase in cash due to purchase of entities and change in the scope of consolidation 5,0001,076
- other investment proceeds 3329
Consolidated cash flow statementNote1 January – 31 December 20171 January – 31 December 2016 (restated) 1)
Expenditures (916,362)(1,032,857)
- purchase of investment property (56)(202)
- expenditures for the maintenance of investment property (179)(174)
- purchase of intangible assets and property, plant and equipment (578)(700)
- purchase of ownership interests and shares (1,817)(4,336)
- purchase of ownership interests and shares in subsidiaries (6,867)(1,852)
- decrease in cash due to the sale of entities and change in the scope of consolidation2.4.8(54)(7)
- purchase of debt securities (214,622)(188,304)
- opening of buy-sell-back transactions (366,738)(351,016)
- purchase of term deposits with credit institutions (234,071)(364,550)
- purchase of other investments (91,372)(121,715)
- other expenditures for investments (8)(1)
Net cash flows from investing activities (12,034)(1,867)
Cash flows from financing activities   
Proceeds 228,417333,943
- proceeds from the issue of shares by subsidiaries (in the part paid up by holders of non-controlling interests) -1,516
- proceeds from loans and borrowings 1,6052,883
- proceeds on the issue of own debt securities 5,829277
- opening of repurchase transactions 220,983329,267
Expenditures (226,462)(335,833)
- dividends to equity holders of the parent37.1.1.1(1,209)(1,796)
- dividends to owners of non-controlling interests (1,823)-
- repayment of loans and borrowings (1,530)(38)
- redemption of own debt securities (150)-
- closing of repurchase transactions (221,637)(332,902)
- interest on loans and borrowings (6)(994)
- interest on outstanding debt securities (107)(103)
Net cash flows from financing activities 1,955(1,890)
Total net cash flows 5,343480
Cash and cash equivalents at the beginning of the period 2,9732,440
Change in cash due to foreign exchange differences (77)53
Cash and cash equivalents at the end of the period, including:358,2392,973
- restricted cash 4135

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