Prospectus - Notowania

A.
1.
OPERATING ACTIVITIES
Operations
- profit or loss for the period (+/-)
2008
10,646
4,012
2007
14,222
5,901
2006
11,192
5,448
- capital gains/losses on financial assets/liabilities held for 1,206 830 (770)
trading and on assets/liabilities designated at fair value
through profit and loss (+/-)
- capital gains/losses on hedging operations (-/+)
- net adjustments/write-backs for impairment(+/-)
(17)
3,012
(19)
3,694
(30)
3,761
- net write-downs/write-backs on property, plant and equipment
and intangible assets (+/-)
- provisions and other incomes/expenses (+/-)
- net uncollected premiums (-)
2,367
617
3
1,371
349
6
1,726
350
8
- other uncollected incomes and expenses from insurance
activities (+/-)
- taxes not yet paid (+)
- other adjustments (+/-)
2. Liquidity generated/absorbed by financial assets
- held for trading financial assets
- financial assets designated at fair value
- available-for-sale financial assets
- loans to banks
- loans to customers
- other assets
3. Liquidity generated/absorbed by financial liabilities
- deposits from banks
- deposits from customers
- debt securities in issue
- held for trading financial liabilities
- financial liabilities designated at fair value:
- other liabilities
Net liquidity generated/absorbed by operating activities
B. INVESTMENT ACTIVITIES
1. Liquidity generated by:
- equity investments
- dividends collected on equity investments
- financial assets held to maturity
- property, plant and equipment
- intangible assets
- purchases/sales of subsidiaries and business units
Liquidity generated/absorbed by investment activities
C. FUNDING ACTIVITIES
- issue/purchase of treasury shares
- issue/purchase of capital instruments
- distribution of dividends and other
Net liquidity generated/absorbed by funding activities
(4)
(160)
(390)
(36,798)
(3,242)
(1,360)
(1,710)
17,523
(47,333)
(676)
32,658
18,093
5,173
(37,726)
51,988
(304)
(4,566)
6,506
133
223
(5,438)
(824)
(241)
377
(5,770)
(222)
-
(3,443)
(3,665)
(6)
1,236
860
(47,294)
(5,840)
746
21
(9,650)
(24,893)
(7,678)
48,343
299
33,947
(449)
5,211
3,699
5,636
15,271
171
191
(445)
(6,763)
(345)
(1,173)
(8,364)
23
(2,498)
(2,475)
(36)
1,033
(298)
(31,556)
(18,579)
6,728
(516)
(7,647)
(14,882)
3,340
32,159
4,205
20,063
13,422
(4,059)
602
(2,074)
11,795
241
504
(1,323)
(6,630)
(667)
320
(7,555)
191
(2,287)
(2,096)
NET LIQUIDITY GENERATED/ABSORBED DURING THE
YEAR
(2,929) 4,432 2,144
Key: (+) generated; (-) absorbed
RECONCILIATION 2008 2007 2006
Cash and cash equivalents at the beginning of the financial year 11,073 5,681 3,460
Cash and cash equivalents Capitalia Group - 976 -
Cash and cash equivalents Yapi Group - - -
Cash and cash equivalents HVB Group - - -
Total liquidity generated/absorbed during the financial year (2,929) 4,432 2,144
Cash and cash equivalents: effect of exchange rate variations (492) (16) 77
Cash and cash equivalents at the end of the financial year 7,652 11,073 5,681
20.2. Pro-forma financial information
The Prospectus does not contain pro-forma financial information.
20.3. Financial statements
The Issuer prepares individual and consolidated financial statements.
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