Bilansi uspjeha - Raiffeisen Bank

Statements of cash flows
For the years ended 31 December 2005 and 2004
(all amounts are expressed in thousands of KM)
Operating Activities
Notes 2005 2004
Net Income 24,229 21,146
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 21 5,354 5,212
Impairment losses and provisions 12 25,890 22,502
Net income from sale of equity investments 9 (3,938) -
Changes in operating assets and liabilities:
Net increase in due from Central Bank 15 (155,228) (124,892)
Net increase in placements with other banks, before impairment losses 16 (69,426) (196,304)
Net increase in loans and receivables, before impairment losses 17 (294,384) (268,147)
Net decrease in purchased loans, before impairment losses 18 1,221 2,472
Net increase in other assets, before impairment losses 20 (9,428) (1,115)
Net (decrease)/increase in due to banks 22 (33,730) 38,343
Net increase in demand and term deposits 24 230,681 380,247
Net increase/(decrease) in accrued interest payable 25 1,211 (470)
Net increase in other liabilities 25 1,885 9,818
NET CASH USED IN OPERATING ACTIVITIES (275,663) (111,188)
Investing Activities
Net increase in investments, before impairment losses 19 (741) (495)
Net purchases of property and equipment 21 (12,935) (14,571)
Proceeds from sale of equity investments 9 7,462 -
NET CASH USED IN INVESTING ACTIVITIES (6,214) (15,066)
Financing Activities
Net proceeds from borrowings 22 191,574 166,040
Net proceeds from subordinated debt 22 19,950 12,713
Paid-in capital 16,000 24,000
Dividends paid (4,538) (3,049)
NET CASH PROVIDED BY FINANCING ACTIVITIES 222,986 199,704
NET (DECREASE)/ INCREASE IN CASH AND CASH EQUIVALENTS (58,891) 73,450
CASH AND CASH EQUIVALENTS AT 1 JANUARY 14 149,011 75,561
CASH AND CASH EQUIVALENTS AT 31 DECEMBER 14 90,120 149,011
The accompanying notes form an integral part of these financial statements.
Financial statement
www.raiffeisenbank.ba
91