Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Cash flow statement<br />
The notes on pages 57 to 124 are an integral part of these financial statements.<br />
(in thousands of EUR ) Notes 2011 2010<br />
A. Operating activities<br />
a) Interest received 86,508 93,310<br />
Interest paid (35,029) (28,985)<br />
Dividend received 6 1,908 1,211<br />
Fee and commission receipts 7 11,557 11,342<br />
Fee and commission paid 7 (1,069) (877)<br />
Realised gains on financial assets not measured<br />
at fair value through profit or loss 8 1,234 261<br />
Realised losses on financial assets<br />
not measured at fair value through profit or loss 8 (1,061) (171)<br />
Net trading incomes 244 (308)<br />
Cash payments to employees and suppliers 13 (25,795) (26,019)<br />
Other incomes 437 912<br />
Other expenses (417) (356)<br />
Cash flows from operating profits before changes in<br />
operating assets and liabilities 38,517 50,320<br />
b) Decrease in operating assets 22,597 (80,137)<br />
Decrease in financial assets held for trading 6,134 13<br />
(Increase)/decrease in financial assets available for sale (8,127) 19,706<br />
(Increase)/decrease in loans 24,400 (101,627)<br />
Decrease in other assets 190 1,771<br />
c) Increase in operating liabilities 2,731 50,499<br />
Increase/(decrease) in advances from central banks 5,004 (20,203)<br />
Decrease in financial liabilities held for trading (46) (11)<br />
Increase/(decrease) in deposits and borrowed funds, measured at amortised cost (1,944) 72,747<br />
Increase in debt certificates 5 2<br />
Increase/(decrease) in other liabilities 288 (2,036)<br />
č) Cash flow from operating activities (a+b+c) 63,845 20,682<br />
d) Paid income taxes (10,221) (6,817)<br />
e) Net cash flow from operating activities (č+d) 53,624 13,865<br />
B. Investing activities<br />
a) Cash proceeds related to investing activities 987 1<br />
Cash receipts from the sale of property and equipment 105 1<br />
Cash receipt from the sale of held to maturity investments 882 -<br />
b) Cash payments related to investing activities (2,974) (1,818)<br />
Cash payment to acquire property and equipment (1,612) (1,171)<br />
Cash payment to acquire intangible assets (1,362) (647)<br />
c) Net cash flow from investing activities (a-b) (1,987) (1,817)<br />
C. Financing activities<br />
a) Cash proceeds related to financing activities - 35<br />
Cash proceeds from the sale of treasury shares - 35<br />
b) Cash payments related to financing activities (21,399) (21,399)<br />
Dividend paid (21,399) (21,399)<br />
c) Net cash flow from financial activities (a-b) (21,399) (21,364)<br />
D. Effect of exchange rate changes on cash and cash equivalents 409 198<br />
E. Net increase / (decrease) in cash and cash equivalents (Ae+Bc+Cc) 30,238 (9,316)<br />
F. Cash and cash equivalents at beginning of year 16,312 25,430<br />
G. Cash and cash equivalents at end of year (D+E+F) 41 46,959 16,312<br />
56<br />
<strong>Gorenjska</strong> <strong>banka</strong>, d. d., Kranj<br />
<strong>Annual</strong> <strong>Report</strong> 2011<br />
Financial <strong>Report</strong><br />
Year ended 31 December
Change language