Cash and cash equivalents
Cash and cash equivalents consist of cash on hand, cash on nostro account with the National Bank of Poland, current amounts due from banks, as well as other cash equivalents with maturities up to 3 months from the date of acquisition.
| 31.12.2013 | 31.12.2012 | |
|---|---|---|
| Cash and balances with the central bank | 7,246,120 | 10,289,451 |
| Current receivables from banks | 1,638,619 | 2,206,181 |
| Total | 8,884,739 | 12,495,632 |
Cash flow from interests and dividends, both received and paid
| Interest income - received | 2013 | 2012 restated |
|---|---|---|
| Interest income from loans and advances granted | 7,197,617 | 8,935,199 |
| Interest income from investment securities | 479,126 | 905,155 |
| Interest income from securities designated upon initial recognition at fair value through profit and loss at fair value through profit and loss | 479,110 | 750,147 |
| Interest income from placements | 199,317 | 285,596 |
| Interest income from securities from held for trading portfolio | 64,590 | 59,633 |
| Interest income from hedging instruments | 506,859 | 825,870 |
| Other interest received | 1,285,790 | 1,639,173 |
| Total | 10,212,409 | 13,400,773 |
| Interest expense – paid | 2013 | 2012 |
|---|---|---|
| Interest expense on deposits - paid | (3,201,847) | (3,305,169) |
| Interest expense on debt securities in issue - paid | (469,287) | (372,607) |
| Interest expense on loans and advances - paid | (69,672) | (224,754) |
| Other interest paid (mainly interest expense on current account, premium from debt securities, interest expense on cash collateral liabilities) | (721,591) | (1,039,745) |
| Total | (4,462,397) | (4,942,275) |
| Dividend income - received | 2013 | 2012 |
|---|---|---|
| Dividends income from subsidiaries, jointly controlled entities and associates | 90,283 | 85,119 |
| Dividends income from other entities | 5,766 | 8,081 |
| Total | 96,049 | 93,200 |
Cash flow from operating activity – other adjustments
| Other adjustments | 2013 | 2012 restated |
|---|---|---|
| Interest accrued, discount, premium on debt securities | (935 569) | 1,213,288 |
| Fair value of the remaining share of an organised part of a subsidiary sold | (197 592) | - |
| Hedge accounting | (177,492) | (310,286) |
| Actuarial gains and losses | (9,477) | 64,140 |
| Valuation and impairment allowances for investments in jointly controlled entities and associates | 4,166 | 9,133 |
| Currency translation differences from foreign operations | (8,829) | (25,992) |
| Disposal and impairment allowances for tangible fixed assets and intangible assets | 200,751 | 52,034 |
| Total | (1,124,042) | 1,002,317 |
Explanation of differences between the consolidated statement of financial position and the cash flow statement changes of items presented under operating activities in the consolidated statement of cash flows
| (Gains) losses on sale and disposal of tangible fixed assets and intangible assets under investing activities | 2013 | 2012 |
|---|---|---|
| Gain on sale of an organised part of a subsidiary | (383,561) | - |
| Income from sale and disposal of tangible fixed assets and intangible assets | (39,982) | (4,165) |
| Gain on sale of non-current assets held for sale | (25,450) | - |
| Costs of sale and disposal of tangible fixed assets and intangible assets | 16,188 | 8,497 |
| Total | (432,805) | 4,332 |
| Interests and dividends | 2013 | 2012 |
|---|---|---|
| Interest from investment securities, presented under investing activities | (558,685) | (874,307) |
| Dividends received, presented under investing activities | (1,888) | (6,190) |
| Interest paid from loans granted, presented in financing activities | 33,923 | 36,407 |
| Total | (526,650) | (844,090) |
| Change in amounts due from banks | 2013 | 2012 |
|---|---|---|
| Change in the balance of the statement of financial position | 1,499,045 | (996,259) |
| Change in impairment allowances on amounts due from banks | 799 | 3,430 |
| Exclusion of a change in the balance of cash and cash equivalents | (567,562) | (74,621) |
| Total | 932,282 | (1,067,450) |
| Change in loans and advances to customers | 2013 | 2012 restated |
|---|---|---|
| Change in the balance of the statement of financial position | (6,140,196) | (2,228,577) |
| Change in impairment allowances on amounts due from customers | 125,485 | (1,118,022) |
| Total | (6,014,711) | (3,346,599) |
| Change in amounts due to banks | 2013 | 2012 |
|---|---|---|
| Change in the balance of the statement of financial position | 14,327 | (2,505,543) |
| Recognition of loans and advances received from banks/repayment of these loans and advances in financing activities | (268,701) | 1,719,404 |
| Total | (254,374) | (786,139) |
| Change in amounts due to customers | 2013 | 2012 |
|---|---|---|
| Change in the balance of the statement of financial position | 5,710,611 | (280,327) |
| Recognition of long-term loans and advances received from financial entities other than banks/repayment of these loans and advances in financing activities | (1,006,223) | 323,031 |
| Total | 4,704,388 | 42,704 |
| Change in impairment allowances and provisions | 2013 | 2012 restated |
|---|---|---|
| Change in the balance of the statement of financial position | (416,336) | 101,135 |
| Change in the balance of deferred tax provisions related to valuation of an available-for-sale portfolio included in deferred income tax | (56,278) | (58,627) |
| Change in impairment allowances on amounts due from banks | (799) | (3,430) |
| Change in impairment allowances on amounts due from customers | (125,485) | 1,118,022 |
| Total | (598,898) | 1,157,100 |
| Change in other liabilities and subordinated liabilities | 2013 | 2012 restated |
|---|---|---|
| Change in the balance of the statement of financial position | 553,439 | (440,567) |
| Recognition of interest paid on own issuance to financing activities | 123,748 | 206,364 |
| Recognition of interests repayments on advances received from financial entities other than banks to financing activities | 42,764 | 42,675 |
| Recognition of inflows/repayment of subordinated liabilities in financing activities | - | 95,342 |
| Total | 719,951 | (96,186) |