ING Bank Śląski | Annual Report 2014

ING BANK ŚLĄSKI

ING BANK ŚLĄSKIAnnual Report 2014

Financial results
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45. Additional information on consolidated cash flow statement

45.1. Cash and cash equivalents

For the purposes of the consolidated cash flow statement, cash and cash equivalents include cash disclosed in the consolidated statement of financial position as well as current accounts and overnight deposits in other banks.

  end of 2014 end of 2013
Cash in hand (presented in note 14) 1,097.3 823.3
Balances with the Central Bank (presented in note 14) 4,233.4 6,146.8
Current accounts in other banks (presented in note 15) 963.4 869.0
Other receivables in other banks (presented in note 15) 17.0 10.9
Total 6,311.1 7,850.0

 

45.2. Explanation of the classification of the Group’s activities into operating, investment and financial activities in the consolidated cash flow statement

​Operating activities include the core activities of the Group, not classified as investment or financial activities.

Investment activity involves purchase and disposal of shares in subordinate units, intangible assets, property plant and equipment. Furthermore, inflows from investment activity also include dividends received from shares held in other entities.

Financial activity pertains to long-term financial transactions (over one year) with financial entities. Inflows from financial activity indicate sources of financing of the Group, including for example long-term loans and cash loans from other banks, as well as financial entities other than banks and issuance of debt securities. Outflows from financial activity refer mainly to repayment of long-term liabilities (e.g. repayment of received loans incuding interest, interest on debt securities issued) by the Group and payment of dividends to the owners and other outflows due to profit distribution.

 

45.3. The reasons for differences between changes in certain items recognised in consolidated statement of financial position and in consolidated cash flow statement

The reason for differences between changes recognised in statement of financial position and in cash flow statement are as follows:

  1. Changes in the individual assets and liabilities were adjusted with interest disclosed in the position Interest received/ paid.
  2. Change in the receivables being an equivalent of cash (current accounts and O/N deposits at other banks) was excluded from the position Change in loans and other receivables to other banks; it was disclosed in the position Net increase / decrease in cash and cash equivalents.
  3. Change in available-for-sale financial assets does not account for the part of financial assets valuation that was carried through equity (revaluation reserve from measurement of available-for-sale financial assets).
  4. From the position Change in liabilities due to other banks change resulting from repayment of long-term loans to finance subsidiaries was excluded.

 

end of 2014
  changes difference of which: 1) 2) 3) 4)
in statement of financial position in cash flow statement
- Change in loans and other receivables to other banks -438.5 -337.3 101.2 0.7 100.5    
- Change in financial assets at fair value through profit or loss 94.6 95.5 0.9 0.9      
- Change in available-for-sale financial assets -3,335.7 -2,959.1 376.6 89.1   287.5  
- Change in loans and other receivables to customers -8,284.7 -8,310.6 -25.9 -25.9      
- Change in liabilities due to other banks 1,513.6 1,659.4 145.8 0.8     145.0
- Change in liabilities due to customers 7,707.2 7,749.4 42.2 42.2      

 

end of 2013
  changes difference of which: 1) 2) 3) 4)
in statement of financial position in cash flow statement
- Change in loans and other receivables to other banks -22.7 -132.2 -109.5 -0.4 -109.1    
- Change in financial assets at fair value through profit or loss -396.8 -395.0 1.8 1.8      
- Change in available-for-sale financial assets -1,612.5 -1,963.8 -351.3 -34.3   -317.0  
- Change in loans and other receivables to customers -3,891.4 -3,784.1 107.3 107.3      
- Change in liabilities due to other banks 96.1 218.2 122.1 -1.8     123.9
- Change in liabilities due to customers 10,083.0 10,008.7 -74.3 -74.3      

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