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.
| | 31.12.2014 | 31.12.2013 |
|---|
| Cash and balances with the central bank |
11,738,371 |
7,246,120 |
| Current amounts due from banks |
2,516,484 |
1,638,619 |
| Total |
14,254,855 |
8,884,739 |
As at 1 April 2014 the value of acquired cash and cash equivalents related to the acquisition of Nordea Polska entities amounted to PLN 993 052 thousand.
Cash flows from interests and dividends, both received and paid
| Interest income - received | 2014 | 2013 |
|---|
| Interest income from loans and advances granted - received |
6,593,718 |
7,197,617 |
| Interest income from investment securities - received |
577,828 |
479,126 |
Interest income from securities designated upon initial recognition at fair value
through profit and loss - received |
341,615 |
479,110 |
| Interest income from placements - received |
167,377 |
199,317 |
| Interest income from securities from held for trading portfolio - received |
60,282 |
64,590 |
| Interest income from hedging instruments |
276,638 |
506,859 |
| Other interest (mainly interest income on current accounts, purchased debt, realised guarantees)- received |
1,186,604 |
1,285,790 |
| Total |
9,204,062 |
10,212,409 |
| Interest expense – paid | 2014 | 2013 |
|---|
| Interest expense on deposits - paid |
(1,654,030) |
(3,201,847) |
| Interest expense on debt securities in issue - paid |
(444,150) |
(469,287) |
| Interest expense on loans and advances - paid |
(124,620) |
(69,672) |
| Other interest (mainly interest expense on current accounts, premium from debt securities, interest expense on cash collateral liabilities) - paid |
(599,011) |
(721,591) |
| Total |
(2,821,811) |
(4,462,397) |
| Dividend income - received | 2014 | 2013 |
|---|
| Dividend income from joint ventures and associates - received* |
21,387 |
294 |
| Dividend income from other entities - received |
6,366 |
5,766 |
| Total |
27,753 |
6,060 |
| Dividend expense – paid | 2014 | 2013 |
|---|
| Dividend paid to equity holders of the parent company |
(937,500) |
(2,250,000) |
| Total |
(937,500) |
(2,250,000) |
Cash flows from operating activity – other adjustments
| Other adjustments | 2014 | 2013 |
|---|
| Changes resulting from taking of control over subsidiaries |
105,713 |
- |
| Valuation of debt securities in issue |
88,843 |
(64,895) |
| Interest accrued, discount, premium on debt securities |
(943,465) |
(870,674) |
| Fair value of the remaining share of an organised part of a subsidiary sold |
- |
(197,592) |
| Hedge accounting |
130,797 |
(177,492) |
| Actuarial gains and losses |
(1,537) |
(9,477) |
| Valuation and impairment allowances for investments in associates, joint ventures and other changes |
(12,794) |
4,166 |
| Currency translation differences from foreign operations |
(63,490) |
(8,829) |
| Disposal and impairment allowances for tangible fixed assets and intangible assets |
(50,045) |
200,751 |
| Total |
(745,978) |
(1,124,042) |
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 | 2014 | 2013 |
|---|
| Gain on sale of an organised part of a subsidiary |
- |
(383,561) |
| Income from sale and disposal of tangible fixed assets and intangible assets |
55,822 |
39,982 |
| Gain on sale of non-current assets held for sale |
(73,451) |
(25,450) |
| Costs of sale and disposal of tangible fixed assets and intangible assets |
- |
16,188 |
| Total |
(17,629) |
(432,805) |
| Interests and dividends | 2014 | 2013 |
|---|
| Interest received from investment securities, presented under investing activities |
(632,863) |
(558,685) |
| Dividends received, presented under investing activities |
(27,899) |
(1,888) |
| Interest paid from loans granted, presented under financing activities |
590,690 |
33,923 |
| Total |
(70,072) |
(526,650) |
| Change in amounts due from banks | 2014 | 2013 |
|---|
| Change in the balance of the statement of financial position |
(593,245) |
1,499,045 |
| Exclusion of net assets of entities under control |
420,406 |
- |
| Exclusion of cash acquired of entities under control |
(217,107) |
- |
| Change in impairment allowances on amounts due from banks |
28,472 |
799 |
| Exclusion of a change in the balance of cash and cash equivalents |
877,865 |
(567,562) |
| Total |
516,391 |
932,282 |
| Change in trading assets and financial assets designated upon initial recognition at fair value | 2014 | 2013 |
|---|
| Change in the balance of the statement of financial position |
(1,962,937) |
(2,777,360) |
| Exclusion of net assets of entities under control |
5,599,561 |
- |
| Total |
3,636,624 |
(2,777,360) |
| Change in derivative financial instruments (asset) | 2014 | 2013 |
|---|
| Change in the balance of the statement of financial position |
(2,493,962) |
859,701 |
| Exclusion of net assets of entities under control |
28,384 |
- |
| Total |
(2,465,578) |
859,701 |
| Change in loans and advances to customers | 2014 | 2013 |
|---|
| Change in the balance of the statement of financial position |
(29,874,122) |
(6,140,196) |
| Exclusion of net assets of entities under control |
24,877,227 |
- |
| Change in impairment allowances on amounts due from customers |
(1,371,697) |
125,485 |
| Total |
(6,368,592) |
(6,014,711) |
| Change in other assets, inventories and non-current assets held for sale | 2014 | 2013 |
|---|
| Change in the balance of the statement of financial position |
(233,402) |
(123,665) |
| Exclusion of net assets of entities under control |
78,801 |
- |
| Classification to non-current assets held for sale |
173,044 |
- |
| Change in impairment allowances on other receivables |
3,855 |
- |
| Total |
22,298 |
(123,665) |
| Change in amounts due to customers | 2014 | 2013 |
|---|
| Change in the balance of the statement of financial position |
22,482,585 |
5,710,611 |
| Exclusion of net assets of entities under control |
(13,490,345) |
- |
Recognition of long-term loans and advances received from financial institutions other
than banks/repayment of these loans and advances in financing activities |
84,898 |
(1,006,223) |
| Total |
9,077,138 |
4,704,388 |
| Change in debt securities in issue | 2014 | 2013 |
|---|
| Change in the balance of the statement of financial position |
2,754,164 |
275,663 |
| Recognition of long-term debt securities in issue received/repayment of these debt securities in issue to financing activities |
(1,956,702) |
266,869 |
| Total |
797,462 |
542,532 |
| Change in provisions and impairment allowances | 2014 | 2013 |
|---|
| Change in the balance of the statement of financial position |
2,968 |
(416,336) |
| Exclusion of net assets of entities under control |
(43,985) |
- |
| Change in the balance of deferred income tax liability related to valuation of an available-for-sale portfolio included in deferred income tax |
- |
(56,278) |
| Change in impairment allowances on amounts due from banks |
(28,472) |
(799) |
| Change in impairment allowances on amounts due from customers |
1,371,697 |
(125,485) |
| Change in impairment allowances on other receivables |
(3,855) |
- |
| Total |
1,298,353 |
(598,898) |
| Change in other liabilities, liabilities due to insurance operations and subordinated liabilities | 2014 | 2013 |
|---|
| Change in the balance of the statement of financial position |
3,880,216 |
553,439 |
| Exclusion of net assets of entities under control |
(3,806,803) |
- |
| Recognition of interest paid on own issuance to financing activities |
- |
123,748 |
Recognition of interest repayments on advances received from financial institutions
other than banks to financing activities |
- |
42,764 |
| Recognition of inflows/repayment of subordinated liabilities in financing activities |
242,464 |
- |
| Total |
315,877 |
719,951 |
