Profit before taxation

2,826

5,382

5,090

Adjustments on non-cash items included in profit before taxation:

(Un)realised gains (losses)

(3,346)

(2,565)

(1,963)

Share of profits in associates and joint ventures

(359)

(137)

(97)

Depreciation, amortisation and accretion

805

832

967

Provisions and impairments

3,070

184

399

Share based compensation expense

21

23

12

Changes in operating assets and liabilities:

Assets and liabilities held for trading

22,176

6,601

(3,605)

Due from banks

(29,365)

(9,116)

(16,593)

Due from customers

(32,802)

(8,160)

(46,043)

Reinsurance and other receivables

(578)

315

(2,457)

Investments related to unit-linked contracts

(2,295)

(3,027)

(3,074)

Due to banks

14,723

1,827

52,560

Due to customers

10,088

1,347

27,476

Liabilities arising from insurance and investment contracts

4,639

3,521

4,493

Liabilities related to unit-linked contracts

2,474

3,012

3,429

Net changes in all other operational assets and liabilities

5,525

(2,052)

(7,368)

Dividend received from associates

241

80

51

Income tax paid

(820)

(905)

(1,023)

Cash flow from operating activities

( 2,977)

(2,838)

12,254

Purchases of investments

(110,165)

(103,540)

(73,869)

Proceeds from sales and redemptions of investments

120,914

89,624

58,054

Purchases of investment property

(430)

(1,094)

(387)

Proceeds from sales of investment property

306

594

176

Purchases of property, plant and equipment

(1,093)

(605)

(369)

Proceeds from sales of property, plant and equipment

140

89

165

Acquisition of subsidiaries, associates and joint ventures, net of cash acquired

(27,328)

(340)

(1,112)

Divestments of subsidiaries, associates and joint ventures, net of cash sold

1,478

11

Purchases of intangible assets

(398)

(136)

(142)

Proceeds from sales of intangible assets

6

Cash flow from investing activities

(16,576)

(15,397)

(17,478)

Proceeds from the issuance of debt certificates

138,229

61,592

60,794

Payment of debt certificates

(129,287)

(45,234)

(57,663)

Proceeds from the issuance of subordinated liabilities

9,844

3,175

2,081

Payment of subordinated liabilities

(2,572)

(1,791)

(1,546)

Proceeds from the issuance of other borrowings

2,760

1,687

1,148

Payment of other borrowings

(4,153)

(1,247)

(962)

Proceeds from the issuance of shares

15,756

229

1

Purchases of treasury shares

(3,403)

(931)

(751)

Proceeds from sales of treasury shares

1,124

1,101

807

Dividends paid to shareholders of the parent company

(1,950)

(1,569)

(1,986)

Dividends paid to minority interests

(33)

(36)

(20)

Cash flow from financing activities

26,315

16,976

1,903

Effect of exchange rate differences on cash and cash equivalents

(815)

(150)

123

Net increase (decrease) of
cash and cash equivalents

5,947

(1,409)

(3,198)

Cash and cash equivalents as at 1 January

20,413

21,822

25,020

Cash and cash equivalents as at 31 December

26,360

20,413

21,822

Supplementary disclosure of
operating cash flow information

Interest received

85,499

67,321

65,269

Dividend received from investments

436

399

344

Interest paid

(78,273)

(59,981)

(59,305)