Annual Report - VÚB banka

Cash flow statement
for the year ended 31 December 2007
(In millions of Slovak crowns)
Notes 2007 2006
Cash flows from operating activities
Profi t before changes in operating assets and liabilities 33 6,079 4,661
Loans and advances to banks 1,477 (909)
Financial assets held for trading (122) 97
Derivative fi nancial instruments (positive) 1,335 (538)
Available-for-sale fi nancial assets 67 (1,966)
Loans and advances to customers (31,215) (6,630)
Other assets 22 157
Deposits from central banks (1,225) 560
Deposits from other banks 6,542 (9,884)
Derivative fi nancial instruments (negative) (1,020) 18
Deposits from customers 25,987 15,709
Other liabilities 59 (113)
Net cash from/(used in) operating activities 1,907 (3,499)
70
Cash flows from investing activities
Purchase of held-to-maturity investments (9,451) (31,677)
Repayments of held-to-maturity investments 5,685 38,860
Purchase of intangibile assets and property and equipment (633) (908)
Disposal of property and equipment 38 417
Acquisition of subsidiaries (497) -
Net cash (used in)/from investing activities (4,858) 6,692
Cash flows from financing activities
Proceeds from issue of debt securities 5,277 8,286
Repayments of debt securities (1000) (750)
Dividends paid (2,816) (3,699)
Net cash from fi nancing activities 1,461 3,837
Net change in cash and cash equivalents 4,589 11,691
Cash and cash equivalents at beginning of the year 3 42,487 30,796
Cash and cash equivalents at end of the year 3 47,076 42,487
The accompanying notes on pages 71 to 113 form an integral part of these fi nancial statements.
Annual Report 2007