Výročná správa PSS, a. s., za rok 2009 [3 - Prvá stavebná sporiteľňa

VIII
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Statement of Cash Flows
for the Year ended 31 December 2009 (in thousand of EUR)
CASH FLOW STATEMENT ITEMS Note 2009 2008
Interest income received 114,779 114,353
Interest paid (44,269) (50,108)
Dividend received - 232
Fees and commissions received* 37,635 42,461
Fees and commissions paid* (15,744) (20,491)
Staff costs and other operating costs paid (33,694) (33,975)
Other payments (3,706) (3,585)
Proceeds from sale of loans receivable 33 782 614
Collection of receivables previously written off 36 1
Income tax paid, including prepayments (19,256) (7,481)
Cash flows from operating activities before changes in operating
assets and liabilities
36,563 42,021
Net increase in operating assets: (22,747) (139,875)
Net decrease of minimum reserve deposits with National Bank of Slovakia 2,807 11,148
Net increase of loans to customers (24,857) (154,555)
Net (increase)/decrease of other assets (792) 3,578
Net (increase)/decrease of accrued income 95 (46)
Net increase in operating liabilities: 50,503 152,266
Net increase of liabilities to customers 54,314 147,956
Repayment of amounts due to other banks (2,847) (6,349)
Net increase/(decrease) of other liabilities (987) 1,500
Net increase/ (decrease) of accrued liabilities 23 (13)
Change in operating assets and liabilities from the translation from
functional currency (SKK) to presentation currency (EUR)
- 9,172
Cash flows from operating activities 64,319 54,412
Payments for purchased premises and equipment and intangible assets (4,080) (5,711)
Proceeds from disposals of premises and equipment and intangible assets 20 52
Purchase of held to maturity investments (19,991) -
Subsidiary share capital contribution - (19)
Cash flows from investing activities (24,051) (5,678)
Dividends paid (29,875) (29,874)
Cash flows from financing activities (29,875) (29,874)
NET CASH FLOWS 10,393 18,860
Opening balance of cash and cash equivalents 98,328 79,468
Closing balance of cash and cash equivalents 36 108,721 98,328
Net increase in cash and cash equivalents 10,393 18,860
*part of the fees included in the lines “Fees and commissions received” and “Fees and commissions paid” enters into calculation of effective interest rate from
Loans to customers and Customers’ savings deposits respectively