Consolidated Cash Flow Statement
A. CASH FLOWS FROM OPERATING ACTIVITIES
| Amount ‘000 PLN | 1.01.2021 -31.12.2021 | 1.01.2020 -31.12.2020* |
|---|---|---|
| Profit (loss) after taxes | (1 331 866) | 22 817 |
| Total adjustments: | 4 119 208 | (3 160 418) |
| Interest received | 2 840 116 | 3 126 039 |
| Interest paid | (117 173) | (552 884) |
| Depreciation and amortization | 201 595 | 210 411 |
| Foreign exchange (gains)/ losses | 0 | 11 797 |
| Dividends | (3 761) | (3 678) |
| Changes in provisions | 436 880 | 67 195 |
| Result on sale and liquidation of investing activity assets | (11 483) | (134 008) |
| Change in financial assets held for trading | (207 232) | 277 616 |
| Change in loans and advances to banks | (74 610) | (159 335) |
| Change in loans and advances to customers | (7 533 210) | (6 667 219) |
| Change in receivables from securities bought with sell-back clause (loans and advances) | (202 947) | 132 653 |
| Change in financial liabilities valued at fair value through profit and loss (held for trading) | (149 815) | 127 556 |
| Change in deposits from banks | (364 842) | 181 793 |
| Change in deposits from customers | 10 050 781 | 577 401 |
| Change in liabilities from securities sold with buy-back clause | (228 737) | 165 649 |
| Change in debt securities | (265 008) | (308 893) |
| Change in income tax settlements | 333 839 | 182 495 |
| Income tax paid | (235 473) | (343 181) |
| Change in other assets and liabilities | (399 748) | (104 049) |
| Other | 50 036 | 52 224 |
| Net cash flows from operating activities | 2 787 342 | (3 137 601) |
B. CASH FLOWS FROM INVESTING ACTIVITIES
| Amount ‘000 PLN | 1.01.2021 -31.12.2021 | 1.01.2020 -31.12.2020 |
|---|---|---|
| Inflows: | 223 396 042 | 94 157 770 |
| Proceeds from sale of property, plant and equipment and intangible assets | 13 323 | 25 855 |
| Proceeds from sale of shares in related entities | 0 | 0 |
| Proceeds from sale of investment financial assets | 223 378 958 | 94 128 237 |
| Other | 3 761 | 3 678 |
| Outflows: | (223 952 624) | (92 121 984) |
| Acquisition of property, plant and equipment and intangible assets | (94 510) | (73 945) |
| Purchase of Euro Bank shares less cash acquired | 0 | 0 |
| Acquisition of investment financial assets | (223 858 114) | (92 048 039) |
| Other | 0 | 0 |
| Net cash flows from investing activities | (556 582) | 2 035 786 |
C. CASH FLOWS FROM FINANCING ACTIVITIES
| Amount ‘000 PLN | 1.01.2021 -31.12.2021 | 1.01.2020 -31.12.2020 |
|---|---|---|
| Inflows from financing activities: | 0 | 13 000 |
| Long-term bank loans | 0 | 13 000 |
| Issue of debt securities | 0 | 0 |
| Increase in subordinated debt | 0 | 0 |
| Net proceeds from issues of shares and additional capital paid-in | 0 | 0 |
| Other inflows from financing activities | 0 | 0 |
| Outflows from financing activities: | (444 950) | (1 077 540) |
| Repayment of long-term bank loans | (147 960) | (706 806) |
| Redemption of debt securities | (250 000) | (299 440) |
| Decrease in subordinated debt | 0 | 0 |
| Issue of shares expenses | 0 | 0 |
| Redemption of shares | 0 | 0 |
| Dividends paid and other payments to owners | 0 | 0 |
| Other outflows from financing activities | (46 990) | (71 294) |
| Net cash flows from financing activities | (444 950) | (1 064 540) |
| D. Net cash flows. Total (a + b + c) | 1 785 810 | (2 166 355) |
| – including change resulting from FX differences | 4 072 | 8 548 |
| E. Cash and cash equivalents at the beginning of the reporting period | 1 586 434 | 3 752 789 |
| F. Cash and cash equivalents at the end of the reporting period (D + E) | 3 372 244 | 1 586 434 |
* Data for 2020 has been restated in relation to the information presented in the report for 2020, more information on this subject is provided in Chapter 7. "Accounting policy".
Additional information regarding cash flows statement is presented in point “Supplementary information”.
Information on liabilities classified as financing activities is presented in points 32), 35), 36) of “Notes to the Consolidated Financial Report”.