Consolidated Statement of Cash Flows
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| In billions of Russian Roubles | Note | 2012 | 2011 |
|---|---|---|---|
| Cash flows from operating activities
| |||
| Interest received | 1,135.7 | 826.6 | |
| Interest paid | (384.5) | (231.7) | |
| Expenses paid directly attributable to deposit insurance | (22.9) | (19.3) | |
| Fees and commissions received | 188.3 | 152.2 | |
| Fees and commissions paid | (16.7) | (10.7) | |
| Net gains received from trading securities | 5.9 | 0.4 | |
| Net (losses incurred) / gains received from securities designated at fair value through profit or loss | (1.7) | 0.2 | |
| Net gains received from trading in foreign currencies and from operations with foreign currency derivatives | 16.6 | 2.1 | |
| Net (losses incurred) / gains received from operations with other derivatives | (0.7) | 1.5 | |
| Net gains received from operations with precious metals and precious metals derivatives | 5.0 | 7.0 | |
| Revenue of non-core business activities | 48.7 | 66.8 | |
| Cost of sales of non-core business activities | (34.4) | (50.0) | |
| Other operating income received | 8.5 | 7.9 | |
| Operating expenses paid | (370.7) | (303.1) | |
| Income tax paid | (100.1) | (71.9) | |
| Cash flows from operating activities before changes in operating assets and liabilities | 477.0 | 378.0 | |
| Changes in operating assets and liabilities
| |||
| Net increase in mandatory cash balances with central banks | (36.2) | (49.6) | |
| Net decrease in trading securities | 6.8 | 14.2 | |
| Net decrease in securities designated at fair value through profit or loss | 31.1 | 41.5 | |
| Net increase in due from banks | (62.3) | (26.6) | |
| Net increase in loans and advances to customers | (2,003.3) | (2,163.3) | |
| Net increase in other assets | (69.8) | (39.9) | |
| Net increase in due to banks | 820.9 | 384.5 | |
| Net increase in due to individuals | 867.8 | 869.8 | |
| Net increase in due to corporate customers | 664.3 | 337.8 | |
| Net increase / (decrease) in debt securities in issue | 257.3 | (19.1) | |
| Net (decrease) / increase in other liabilities | (34.6) | 28.4 | |
| Net cash from / (used in) operating activities | 919.0 | (244.3) | |
| Cash flows from investing activities
| |||
| Purchase of investment securities available for sale | (474.9) | (852.6) | |
| Proceeds from disposal and redemption of investment securities available for sale | 232.2 | 1 122.8 | |
| Purchase of investment securities held to maturity | (8.0) | (98.7) | |
| Proceeds from redemption of investment securities held to maturity | 61.1 | 40.0 | |
| Acquisition of premises and equipment | (144.4) | (109.4) | |
| Acquisition of investment property | (0.1) | — | |
| Proceeds from disposal of investment property | — | (0.2) | |
| Proceeds from disposal of premises and equipment including insurance payments | 4.5 | 10.9 | |
| Acquisition of subsidiaries net of cash acquired | (93.2) | 27.3 | |
| Proceeds from disposal of subsidiaries net of cash disposed | 8.6 | 0.7 | |
| Dividends received | 5.1 | 3.5 | |
| Net cash (used in) / from investing activities | (409.1) | 144.3 | |
| Cash flows from financing activities
| |||
| Other borrowed funds received | 141.9 | 154.4 | |
| Redemption of other borrowed funds | (98.8) | (98.2) | |
| Repayment of interest on other borrowed funds | (5.4) | (2.4) | |
| Subordinated debt received | 66.0 | — | |
| Redemption of subordinated debt | (0.2) | — | |
| Repayment of interest on subordinated debt | (19.8) | (19.5) | |
| Funds received from loan participation notes issued under the MTN programme | 144.3 | 27.9 | |
| Redemption of loan participation notes issued under the MTN programme | (8.1) | (22.9) | |
| Repayment of interest on loan participation notes issued under the MTN programme | (11.8) | (8.9) | |
| Purchase of treasury shares | (0.6) | — | |
| Dividends paid | 30 | (47.3) | (20.9) |
| Net cash from financing activities | 160.2 | 9.5 | |
| Effect of exchange rate changes on cash and cash equivalents | (4.2) | 5.4 | |
| Effect of inflation on cash and cash equivalents | (0.7) | (8.9) | |
| Net increase/(decrease) in cash and cash equivalents | 665.2 | (94.0) | |
| Cash and cash equivalents at the beginning of the year | 625.6 | 719.6 | |
| Cash and cash equivalents as at the end of the reporting period | 7 | 1,290.8 | 625.6 |