Supplementary information to the consolidated cash flow statement

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand, cash on nostro accounts with the National Bank of Poland, current amounts due from banks, as well as other cash equivalents with maturities up to three months from the date of acquisition.

 
  31.12.2011 31.12.2010
Cash and balances with the central bank 9 142 168 6 182 412
Current receivables from banks 2 280 802 2 256 269
Total 11 422 970 8 438 681

Cash flow from interests and dividends, both received and paid

Interest income - received 2011 2010
Income from loans and advances to customers 8 267 884 7 139 112
Income from investments securities 596 387 473 267
Income from investments securities 469 357 513 639
Income from placements 237 962 164 434
Income from trading securities 74 675 133 245
Other interest received 1 395 908 2 596 549
Total 11 042 173 11 020 246
 
Interest expense – paid 2011 2010
Interest expense on deposits - paid (2 899 239) (3 111 424)
Interest expense on loans and advances - paid (183 479) (70 829)
Interest expense on debt securities in issue - paid (109 020) (101 423)
Other interest paid (mainly premium from debt securities, interest expense on cash collateral liabilities, interest expense on current account of special purpose funds) (1 117 954) (1 408 249)
Total (4 309 692) (4 691 925)
 
Dividend income - received  2011 2010
Dividend income from subsidiaries, jointly controlled entities and associates 87 228 104 232
Dividend income from other entities 6 800 5 663
Total 94 028 109 895
 
Dividend expenses - paid  2011 2010
Dividend paid to shareholders of the parent company (2 475 000) (2 375 000)
Total (2 475 000) (2 375 000)

Cash flow from operating activity – other adjustments

2011 2010
Interest accrued, discount, premium on debt securities (181 116) (476 475)
Hedge accounting 144 261 98 648
Valuation, impairment allowances for investments in jointly controlled entities and associates 54 009 53 468
Currency translation differences from foreign operations 16 894 (1 211)
Disposal and impairment allowances for tangible fixed assets and intangible assets 4 077 73 142
Total 38 125 (252 428)

Reconciliation of differences between the statement of financial position and the cash flow statement changes of items presented under operating activities in the cash flow statement

(Gains) losses on sale and disposal of tangible fixed assets and intangible assets under investing activities 2011 2010
Income from sale and disposal of tangible fixed assets and intangible assets (15 087) (6 820)
Costs of sale and disposal of tangible fixed assets and intangible assets 7 757 2 873
Total (7 330) (3 947)
Interests and dividends 2011 2010
Interest from investment securities of the available for sale portfolio
presented under investing activities
(450 283) (432 046)
Interest paid from loans granted, presented in financing activities 33 336 23 630
Dividends received, presented under investing activities (6 528) (5 411)
Total (423 475) (413 827)


Change in amounts due from banks 2011 2010
Change in the balance of the statement of financial position (89 195) (283 977)
Change in impairment allowances on amounts due from banks (3 887) (1 816)
Exclusion of a change in the balance of cash and cash equivalents 24 533 358 226
Total (68 549) 72 433


Change in loans and advances to customers 2011 2010
Change in the balance of the statement of financial position (10 966 375) (14 095 534)
Change in impairment allowances on amounts due from customers (801 573) (919 546)
Total (11 767 948) (15 015 080)


Change in amounts due to banks 2011 2010
Change in the balance of the statement of financial position 1 005 373 84 616
Transfer of loans and advances received from banks/repayment of these loans and advances - to financing activities 194 374 (16 763)
Total 1 199 747 67 853


Change in amounts due to customers 2011 2010
Change in the balance of the statement of financial position 13 492 682 7 908 281
Transfer of loans and advances received from other than banks financial entities/repayment of these loans and advances - to financing activities 56 017 (408 967)
Total 13 548 699 7 499 314


Change in impairment allowances and provisions 2011 2010
Change in the balance of the statement of financial position 35 474 (18 604)
Change in impairment allowances on amounts due from customers 801 573 919 546
Change in impairment allowances on amounts due from banks 3 887 1 816
Change in the balance of deferred tax provisions related to valuation of an available-for-sale portfolio included in deferred income tax 27 441 20 390
Total 868 375 923 148


Change in other liabilities and subordinated liabilities 2011 2010
Change in the balance of the statement of financial position 360 527 526 211
Transfer of repayment of interest on loans and advances to non-financial entities,presented in financing activities 49 226 39 332
Transfer of interest paid on debt securities in issue 108 743 82 590
Total 518 496 648 133