43. Non – controlling interests
[Financial notes are presented in PLN thousand]
Significant accounting policies
Non – controlling interests are defined as the equity in a subsidiary not attributable, directly or indirectly, to the Bank.
Financial data
The below table presents the information for each of the subsidiaries that have non-controlling interests that are material to the Group.
NAME OF THE SUBSIDIARY | COUNTRY OF INCORPORATION AND PLACE OF BUSINESS | PERCENTAGE SHARE OF NON-CONTROLLING INTERESTS IN SHARE CAPITAL / VOTING RIGHTS | NET PROFIT FOR THE PERIOD ATTRIBUTABLE TO NON-CONTROLLING INTERESTS | ACCUMULATED NON-CONTROLLING INTERESTS | |||
31.12.2022 | 31.12.2021 | 2022 | 2021 | 31.12.2022 | 31.12.2021 | ||
Pekao Financial Services Sp. z o.o. | Poland | 33.5 | 33,5 | 1 921 | 1 661 | 12 129 | 11 857 |
Total | 1 921 | 1 661 | 12 129 | 11 857 |
The summarized financial information of each of the subsidiaries that are material to the Group are presented below
PEKAO FINANCIAL SERVICES SP. Z O.O. | ||
---|---|---|
31.12.2022 | 31.12.2021 | |
Loans and advances to banks | 14 772 | 15 314 |
Intangible assets | 13 011 | 13 341 |
Property, plant and equipment | 17 049 | 18 786 |
Other items of assets | 10 189 | 8 180 |
TOTAL ASSETS | 55 021 | 55 621 |
Amounts due to customers | 6 132 | 9 055 |
Other liabilities | 11 503 | 9 967 |
Other items of liabilities | 1 180 | 1 206 |
TOTAL LIABILITIES | 18 815 | 20 228 |
PEKAO FINANCIAL SERVICES SP. Z O.O. | ||
---|---|---|
2022 | 2021 | |
Revenue | 69 874 | 69 458 |
Net profit for the period | 5 734 | 4 958 |
Other comprehensive income | 37 | 110 |
Total comprehensive income | 5 771 | 5 068 |
Dividends paid to non-controlling interests | 1 560 | 1 089 |
Cash flows from operating activities | 15 132 | 17 056 |
Cash flows from investing activities | -8 428 | -6 394 |
Cash flows from financing activities | -7 244 | -7 058 |
Net change in cash and cash equivalents | -540 | 3 604 |
Cash and cash equivalents at the beginning of the period | 15 315 | 11 711 |
Cash and cash equivalents at the end of the period | 14 775 | 15 315 |