cash flows -used in / from operating activities
interest received
248.9
160.6
interest paid
-125.8
-80.8
loss incurred on operations with financial instruments at fair value through
income received on dealing in foreign currency
20.7
27.8
fees and commissions received
26.6
21.5
fees and commissions paid
-5.7
-2.6
other operating income received
1.5
0.7
staff costs and administrative expenses paid
-76.6
-57.9
income received from non-banking activities
18.8
7.2
expenses paid in non-banking activities
-6.6
-3.8
income tax paid
-13.5
-17.5
cash flows from operating activities
before changes in operating assets and liabilities
81.1
54.6
net decrease / -increase in operating assets net decrease / -increase in mandatory cash balances with central
net increase in restricted cash
–
-0.2
net decrease / -increase in correspondent accounts in precious metals
2.3
-0.7
net increase in financial assets at fair value through profit or loss
-26.5
-184.6
net decrease in due from other banks
14.5
42.2
net increase in loans and advances to customers
-71.0
-280.2
net increase in other assets
-24.3
-24
net -decrease / increase in operating liabilities
net -decrease / increase in due to other banks
-71.4
52
net -decrease / increase in customer deposits
-162.1
470.4
net increase in debt securities issued other than bonds issued
124.6
24.6
net -decrease / increase in other liabilities
-2.9
9.8
net cash -used in / from operating activities
-124.3
145.4
cash flows used in investing activities
dividends and other distributions received
2.4
0.7
proceeds from sale or maturity of financial assets available-for-sale
26.2
26.7
purchase of financial assets available-for-sale
-46.1
-14.6
purchase of subsidiaries net of cash
-1.6
-3.2
disposal of subsidiaries net of cash
-0.3
-1.1
purchase of and contributions to associates and joint ventures
-5.8
-106.1
proceeds from sale of share in associates
11
–
2.3
purchase of investment securities held-to-maturity
-1.2
-0.4
proceeds from redemption of investment securities held-to-maturity
1.3
2
purchase of premises and equipment
-10.0
-15.7
proceeds from sale of premises and equipment
6.5
22.9
purchase of intangible assets
-2.1
-0.7
proceeds from sale of intangible assets
0.4
0.1
purchase or construction of investment property
-1.8
-0.8
proceeds from sale of investment property
1.7
0.9
net cash used in investing activities
-30.4
-87
the notes № 1-33 form an integral part of these interim condensed consolidated financial statements
4
vtb bank interim consolidated statement of cash flows for the six months
ended 30 june 2012 -unaudited -continued
-in billions of russian roubles for the six-month period
cash flows from / -used in financing activities
proceeds from issuance of local bonds
42.4
2.4
repayment of local bonds
-11.2
-26.7
buy-back of local bonds
-4.5
-3.7
proceeds from sale of previously bought-back local bonds
2.6
5.6
proceeds from issuance of eurobonds
57.3
33.5
repayment of eurobonds
-3.3
-53.1
buy-back of eurobonds
-21.8
-22.6
proceeds from sale of previously bought-back eurobonds
24.7
20.1
proceeds from syndicated loans
4.9
–
repayment of syndicated loans
-2.5
-30.5
proceeds from sale of previously bought-back syndicated loans
2.9
–
proceeds from other borrowings and funds from local central banks
535.9
1.3
repayment of other borrowings and funds from local central banks
-504.6
-23.7
buy-back of subordinated debt
-1.1
-1.8
proceeds from sale of previously bought-back subordinated debt
–
1.6
purchase of minority interests
-1.7
–
proceeds from sale of treasury shares
0.3
0.3
purchase of treasury shares
-13.6
-0.9
net cash from / -used in financing activities
105.1
-98.3
effect of exchange rate changes on cash and cash equivalents
1.2
-8.5
effect of hyperinflation
-0.3
–
net decrease in cash and cash equivalents
-48.7
-48.4
cash and cash equivalents at the beginning of the period
397.5
272.8
cash and cash equivalents at the end of the period
348.8
224.4
