<static text missing - table.ods.prefix >Download (ODS)

in thousands of EUR

Note

2021

2020

Operating activities

 

 

 

Net profit

 

50,759

27,203

 

 

 

 

Net profit adjustments for:

 

 

 

Depreciation

28

12,140

12,812

Amortisation

28

11,687

10,646

Amortisation premium and discount debt securities

4

10,787

10,752

Impairment losses on financial instruments

29

-420

24,213

Interest expense on lease liabilities

9

408

216

Revaluation participating debt (investment securities)

5

-654

568

Value adjustments property and equipment (incl. leases)

 

2,318

5,244

Value adjustments intangible assets

 

333

-

Movements in provisions

17

2,216

-2,623

Taxation on operating result

30

16,390

8,273

Tax paid

30

-19,350

-10,961

Net cash flows from business operations

 

86,614

86,343

 

 

 

 

Changes in:

 

 

 

Loans and advances to banks

2

-96,581

-1,378

Loans and advances to customers

3

-1,031,478

-970,326

Debt securities at amortised cost

4

-166,295

-301,760

Deposits from banks

13

793,166

744,420

Deposits from customers

14

1,537,865

1,053,508

Other operating activities

 

2,983

37,842

Net cash flows from operational activities

 

1,126,274

648,649

 

 

 

 

Investment activities

 

 

 

Investment in investment securities

5

-4,998

-12,369

Investment in intangible assets

6

-14,472

-14,977

Investment in property and equipment

7

-2,228

-3,008

Divestment in property and equipment

7

2,136

1,226

Cash flows from investment activities

 

-19,562

-29,128

 

 

 

 

Financing activities

 

 

 

Issuance of Debt issued and other borrowed funds

16

247,868

6,368

Payments of lease liabilities

9

-3,624

-3,578

Increase share capital

18

-

5,450

Payment of cash dividend

18

-9,241

-

Purchase of depository receipts of own shares

18

-900

-20,499

Cash flows from financing activities

 

234,103

-12,259

 

 

 

 

Net change in cash and cash equivalents

 

1,340,815

607,262

 

 

 

 

Cash and cash equivalents at the beginning of the year

 

3,082,405

2,475,031

 

 

 

 

Effect of exchange rate fluctuations on cash and cash equivalents held

 

-355

112

Cash and cash equivalents at the end of the year

 

4,422,865

3,082,405

 

 

 

 

On demand deposits with central banks

 

4,277,589

2,955,787

On demand deposits with banks

 

145,276

126,618

Cash and cash equivalents at the end of the year

 

4,422,865

3,082,405

 

 

 

 

Additional information on operational cash flows from interest and dividends

 

 

 

Interest paid

 

-40,735

-22,588

Interest received

 

244,243

216,513

Dividend received

 

310

449