Annual Report 2012 - Raiffeisen Bank Kosovo JSC

Separate statement of cash flow
(amounts in € 000) Notes December December
31, 2012 31, 2011
Cash flows from operating activities
Interest received on loans 46,147 47,175
Interest received on placements 94 1,205
Interest received on government bonds 1,665 481
Interest paid (10,978) (13,244)
Fees and commissions received 10,895 10,787
Fees and commissions paid (3,084) (3,149)
Net valuation of equity investments 500 -
Other income received 1,106 977
Staff costs paid (10,452) (10,309)
Other operating expenses paid (11,511) (12,735)
Income tax paid (1,295) (1,620)
Cash flow from operating activities before changes in operating assets and liabilities 23,087 19,568
Changes in operating assets and liabilities
Net (decrease) / increase in mandatory liquidity reserve 5,764 (4,687)
Net decrease in due from other banks 39,804 80,887
Net increase in loans and advances to customers 5,978 (68,379)
Net increase in government bonds (1,950) (22,002)
Net (increase) / decrease in other assets (5) (75)
Net increase in customer accounts (43,465) 7,100
Net increase / (decrease) in deposits from banks (465) 249
Net increase (decrease) in other liabilities (3,289) 717
Net cash flow from operating activities 25,459 13,378
Cash flows from investing activities
Payments for leasehold improvements, equipment and intangible assets (2,981) (2,839)
Net cash used in investing activities (2,981) (2,839)
Cash flows from financing activities
Repayment of borrowings (8,891) (16,603)
Dividends distributed (12,000) (5,000)
Net cash flow from financing activities (20,891) (21,603)
Effect of exchange rate changes 30 46
Net decrease in cash and cash equivalents 1,617 (11,018)
Cash and cash equivalents at the beginning of year 6 33,737 44,755
Cash and cash equivalents at 31 December (excluding mandatory liquidity reserve) 6 35,354 33,737
The separate statement of comprehensive income is to be read in conjunction with the notes to and forming part of the
separate financial statements set out on pages 34 to 64.
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Addresses Glossary Financial Statements Segment Reports Overview Macroeconomic Environment RBI Vision and Mission Management Board Introduction