consolidated statement of cash flows
in billions of russian roubles
2012
2 011
cash flows from operating activities
interest received
1 135.7
826.6
interest paid
-384.5
-231.7
expenses paid directly attributable to deposit insurance
-22.9
-19.3
fees and commissions received
188.3
152.2
fees and commissions paid
-16.7
-10.7
net gains received from trading securities
5.9
0.4
net -losses incurred / gains received from securities designated at fair value through profit or loss
-1.7
0.2
net gains received from trading in foreign currencies and from operations with foreign currency
net -losses incurred / gains received from operations with other derivatives
-0.7
1.5
net gains received from operations with precious metals and precious metals derivatives
5.0
7
revenue of non‐core business activities
48.7
66.8
cost of sales of non‐core business activities
-34.4
-50
other operating income received
8.5
7.9
operating expenses paid
-370.7
-303.1
income tax paid
-100.1
-71.9
cash flows from operating activities before changes in operating assets and liabilities
477.0
378
changes in operating assets and liabilities
net increase in mandatory cash balances with central banks
-36.2
-49.6
net decrease in trading securities
6.8
14.2
net decrease in securities designated at fair value through profit or loss
31.1
41.5
net increase in due from banks
-62.3
-26.6
net increase in loans and advances to customers
-2 003.3
-2163.3
net increase in other assets
-69.8
-39.9
net increase in due to banks
820.9
384.5
net increase in due to individuals
867.8
869.8
net increase in due to corporate customers
664.3
337.8
net increase / -decrease in debt securities in issue
257.3
-19.1
net -decrease / increase in other liabilities
-34.6
28.4
net cash from / -used in operating activities
919.0
-244.3
cash flows from investing activities
purchase of investment securities available for sale
-474.9
-852.6
proceeds from disposal and redemption of investment securities available for sale
232.2
1122.8
purchase of investment securities held to maturity
-8.0
-98.7
proceeds from redemption of investment securities held to maturity
61.1
40
acquisition of premises and equipment
-144.4
-109.4
acquisition of investment property
-0.1
‐
proceeds from disposal of investment property
‐
-0.2
proceeds from disposal of premises and equipment including insurance payments
4.5
10.9
acquisition of subsidiaries net of cash acquired
-93.2
27.3
proceeds from disposal of subsidiaries net of cash disposed
8.6
0.7
dividends received
5.1
3.5
net cash -used in / from investing activities
-409.1
144.3
cash flows from financing activities
other borrowed funds received
141.9
154.4
redemption of other borrowed funds
-98.8
-98.2
repayment of interest on other borrowed funds
-5.4
-2.4
subordinated debt received
66.0
‐
redemption of subordinated debt
-0.2
‐
repayment of interest on subordinated debt
-19.8
-19.5
funds received from loan participation notes issued under the mtn programme
144.3
27.9
redemption of loan participation notes issued under the mtn programme
-8.1
-22.9
repayment of interest on loan participation notes issued under the mtn programme
-11.8
-8.9
purchase of treasury shares
-0.6
‐
dividends paid
-47.3
-20.9
net cash from financing activities
160.2
9.5
effect of exchange rate changes on cash and cash equivalents
-4.2
5.4
effect of inflation on cash and cash equivalents
-0.7
-8.9
net increase/-decrease in cash and cash equivalents
665.2
-94
cash and cash equivalents at the beginning of the year
625.6
719.6
cash and cash equivalents as at the end of the reporting period
1 290.8
625.6
