V. Consolidated cash flow statement
[Financial notes are presented in PLN thousand]
| NOTE | 2022 | 2021 | |
|---|---|---|---|
| Cash flow from operating activities – indirect method | |||
| Profit before income tax | 2 882 538 | 3 001 620 | |
| Adjustments for: | 15 596 417 | -2 151 049 | |
| Depreciation and amortization | 14 | 616 040 | 648 218 |
| Share in gains (losses) from associates | 15 | -5 016 | -1 840 |
| (Gains) losses on investing activities | -78 740 | -68 959 | |
| Net interest income | 7 | -8 243 837 | -5 660 761 |
| Dividend income | 9 | -27 874 | -26 662 |
| Interest received | 10 399 732 | 5 698 049 | |
| Interest paid | -2 441 265 | -264 018 | |
| Income tax paid | -759 195 | -793 712 | |
| Change in loans and advances to banks | -121 840 | -222 954 | |
| Change in derivative financial instruments (assets) | -7 160 377 | -3 107 264 | |
| Change in loans and advances to customers (in this receivables from financial leases) | 1 064 941 | -4 529 622 | |
| Change in securities(including assets pledged as security for liabilities) | -298 930 | 1 634 611 | |
| Change in other assets | -2 861 179 | -2 745 430 | |
| Change in amounts due to banks | -536 111 | 225 217 | |
| Change in financial liabilities held for trading | 234 858 | -103 071 | |
| Change in derivative financial instruments (liabilities) | 7 552 146 | 3 187 751 | |
| Change in amounts due to customers | 15 340 553 | 3 448 875 | |
| Change in debt securities issued | -369 178 | -5 201 | |
| Change in subordinated liabilities | 27 658 | 3 598 | |
| Payments for short-term leases and leases of low-value assets | -2 172 | -2 410 | |
| Change in provisions | 519 046 | -109 485 | |
| Change in other liabilities | 2 747 157 | 644 021 | |
| Net cash flows from operating activities | 18 478 955 | 850 571 | |
| Cash flow from investing activities | |||
| Investing activity inflows | 152 941 079 | 232 768 229 | |
| Subsidy received for taking over the part of the activities of Idea Bank S.A. . including purchased cash | – | 1 453 843 | |
| Sale of subsidiaries | – | 18 579 | |
| Sale of securities measured at amortized cost and at fair value through other comprehensive income | 152 802 947 | 231 141 720 | |
| Sale of intangible assets and property, plant and equipment | 28, 29 | 110 258 | 127 425 |
| Dividend received | 9 | 27 874 | 26 662 |
| Investing activity outflows | -166 101 586 | -229 424 306 | |
| Acquisition of associates | 27 | – | -42 193 |
| Acquisition of securities measured at amortised cost and at fair value through other comprehensive income | -165 586 150 | -228 636 970 | |
| Acquisition of intangible assets and property, plant and equipment | 28, 29 | -515 436 | -745 143 |
| Net cash flows from investing activities | -13 160 507 | 3 343 923 |
| NOTE | 2022 | 2021 | |
| Cash flows from financing activities | |||
| Financing activity inflows | 10 654 987 | 3 116 386 | |
| Due to loans and advances received from banks | 44 | 1 780 899 | 62 444 |
| Issue of debt securities | 44 | 8 874 088 | 3 053 942 |
| Financing activity outflows | -6 015 675 | -6 580 603 | |
| Repayment of loans and advances received from banks | 44 | -1 238 846 | -1 787 970 |
| Redemption of debt securities | 44 | -3 532 606 | -3 836 430 |
| Dividends and other payments to shareholders | 18 | -1 128 621 | -842 529 |
| Payments for the principal portion of the lease liabilities | 44 | -115 602 | -113 674 |
| Net cash flows from financing activities | 4 639 312 | -3 464 217 | |
| Total net cash flows | 9 957 760 | 730 277 | |
| including effect of exchange rate fluctuations on cash and cash equivalents held | 92 964 | 20 131 | |
| Net change in cash and cash equivalents | 9 957 760 | 730 277 | |
| Cash and cash equivalents at the beginning of the period | 7 735 625 | 7 005 348 | |
| Cash and cash equivalents at the end of the period | 44 | 17 693 385 | 7 735 625 |