47. Supplementary information to the statement of cash flows

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand, cash on nostro accounts and deposit 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.

Cash and equivalents31.12.201631.12.2015
   
Cash and balances with the Central Bank11 645.113 743.9
Deposits with Central Bank1 680.0-
Current amounts due from banks4 627.93 504.9
Cash and cash equivalents with restricted availability for use13.315.9
   
Total 17 966.3 17 264.7
 

Restricted cash

Cash of PLN 13.3 million (as at 31 December 2015: 15.9 million, including PLN 5.8 million collateral for currency SWAP transaction with KREDOBANK SA) pledged as collateral for securities' transactions conducted by the Brokerage House of PKO Bank Polski SA are deposited in the National Depository for Securities (KDPW_CCP), as part of the Guarantee Fund for the Settlement of Stock Exchange Transactions. Each direct participant who holds the status of settlement-making participant is obliged to make payments to the settlement fund which guarantees a proper settlement of the stock exchange transactions covered by that fund. The amount of the payments depends on the value of transactions made by each participant and is updated by KDPW_CCP on a daily basis. In the statement of cash flows, these funds are presented as restricted cash.

Cash flows from interests and dividends, both received and paid

Interest income – received from:20162015
   
Loans and advances granted6 562.36 183.6
Investment securities777.7696.0
Securities designated upon initial recognition at fair value through profit and loss226.9243.7
Deposits141.6134.4
Trading financial assets68.555.9
Hedging instruments461.8476.8
Other (mainly interest income on current accounts, purchased debt, realised guarantees)895.21 128.9
   
Total 9 134.0 8 919.3
     

Interest expense – paid on:20162015
   
Deposits(1 471.0)(1 757.7)
Debt securities in issue(361.8)(520.5)
Loans and advances received(119.2)(102.2)
Other (mainly interest expense on current accounts, premium from debt securities, interest expense on cash collateral liabilities)(520.1)(587.9)
   
Total (2 472.1) (2 968.3)
 

Dividend income - received20162015
   
Dividend income from joint ventures and associates - received*11.025.6
Dividend income from other entities - received10.310.7
   
Total 21.3 36.3

* The item relates to a dividend received from entities accounted for under the equity meth

 

Cash flow from operating activities – other adjustments

Other adjustments20162015
   
Changes resulting from acquisitions(126.8)6.1
Revaluation of financial assets available for sale, net(518.0)139.6
Interest accrued, discount, premium on debt securities(19.5)(1 084.6)
Hedge accounting(50.8)(62.9)
Actuarial gains and losses2.0(4.5)
Valuation and impairment allowances on investments in joint ventures and associates and other changes(54.1)(69.4)
Currency translation differences from foreign operations(5.0)(23.9)
Disposal and impairment allowances on tangible fixed assetsand intangible assets(65.1)(107.4)
   
Total (837.3) (1 207.0)

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

(Gains) losses on investment activity due to sale and disposal of tangible fixed assetsand intangible assets20162015
   
Gains on sale and disposal of tangible fixed assetsand intangible assets(85.6)(103.7)
Gain on disposal of subsidiaries(133.5)-
Losses on sale and disposal of tangible fixed assetsand intangible assets32.990.2
   
Total (186.2) (13.5)

Interests and dividends20162015
   
Interest received from investment securities presented under investing activities(687.4)(727.4)
Dividends received presented under investing activities(21.3)(36.2)
Interest paid on loans received and issuance of debt securities, presented under financing activities472.7653.1
   
Total (236.0) (110.5)

Change in amounts due from banks20162015
   
Change in the balance of the statement of financial position(792.4)(2 066.3)
Changes resulting from acquisitions0.533.1
Change in impairment allowances on amounts due from banks0.2(0.3)
Exclusion of a change in the balance of cash and cash equivalents1 117.21 004.3
   
Total 325.5 (1 029.2)

Change in loans and advances to customers20162015
   
Change in the balance of the statement of financial position(10 192.8)(10 916.3)
Changes resulting from an acquisition6 083.2571.4
Change in the impairment allowances on amounts due from customers284.5(264.7)
Elimination of the change in the balance of cash and cash equivalents3.2-
   
Total (3 821.9) (10 609.6)

Change in other assets, inventories and non-current assets held for sale20162015
   
Change resulting from balances as at the balance sheet date and reclassification to other items(1 430.0)(46.6)
Changes resulting from an acquisition137.245.8
Change in impairment allowances on other receivables(18.5)(78.2)
   
Total (1 311.3) (79.0)

Change in amounts due to banks20162015
   
Change in the balance of the statement of financial position919.5(1 105.9)
Changes resulting from an acquisition(4 005.9)-
Recognition of drawing/repayment of long-term loansfrom banks under financing activities44.12 696.2
   
Total (3 042.3) 1 590.3

Change in amounts due to customers20162015
   
Change in the balance of the statement of financial position9 307.921 371.7
Changes resulting from an acquisition(696.5)(595.1)
Recognition of long-term loans and advances received from financial institutions other than banks/repayments of these loans and advances in financing activities(19.3)(81.4)
   
Total 8 592.1 20 695.2

Change in debt securities in issue20162015
   
Change in the balance of the statement of financial position5 060.3(3 867.6)
Changes resulting from an acquisition(1 557.2)-
Recognition of drawing/repayment of long-term liabilities from issuance under financing activities(3 059.9)4 519.6
   
Total 443.2 652.0

Change in provisions and impairment allowances20162015
   
Change in the balance of the statement of financial position(24.3)(71.7)
Changes resulting from an acquisition(0.5)(334.8)
Change in impairment allowances on amount due from banks(0.2)0.3
Change in impairment allowances on amount due from customers(284.5)264.7
Change in impairment allowances on other receivables18.578.2
   
Total (291.0) (63.3)

Change in other liabilities, liabilities related to insurance operations and subordinated liabilities20162015
   
Change in the balance of the statement of financial position1 213.8207.5
Changes resulting from an acquisition(112.9)(5.8)
   
Total 1 100.9 201.7