Prospectus - Notowania

CONSOLIDATED CASH FLOW STATEMENT (indirect method)
97
RELASEMESTRALE CONSOLIDATA
>> Condensed Consolidated Financial Statements
Consolidated Accounts
September 2009 September 2008
A. OPERATING ACTIVITIES
1. Operations 9,436,364 9,991,468
- profit and loss of the period (+/-) 1,330,885 3,506,633
- capital gains/losses on financial assets/liabilities held for trading and
on assets/liabilities designated at fair value through profit and loss (+/-) 29,281 445,353
- capital gains/losses on hedging operations (+/-) - 22,150 - 19,471
- net write-offs/write-backs due to impairment (+/-) 5,953,251 3,140,076
- net write-offs/write-backs on tangible and intangible assets (+/-) 1,099,376 1,128,969
- provisions and other incomes/expenses (+/-) 893,808 623,745
- not paid tax (+/-) 423,002 1,262,884
- other adjustments (+/-) - 271,089 - 96,721
2. Liquidity generated/absorbed by financial assets 81,082,642 - 34,204,238
- financial assets held for trading 59,297,243 30,510,175
- financial assets at fair value 1,090,999 - 721,905
- available-for-sale financial assets - 5,922,243 - 4,156,671
- loans and receivables with banks - 16,575,265 - 12,560,952
- loans and receivables with customers 40,906,687 - 45,967,799
- other assets 2,285,221 - 1,307,086
3. Liquidity generated/absorbed by financial liabilities - 96,871,717 27,785,336
- deposits from banks - 53,161,610 22,052,281
- deposits from customers - 5,189,738 16,502,611
- debt certificates including bonds 4,987,869 - 11,967,489
- financial liabilities held for trading - 36,673,147 5,154,585
- financial liabilities designated at fair value - 12,407 - 123,695
- other liabilities - 6,822,684 - 3,832,957
Net liquidity generated/absorbed by operating activities - 6,352,711 3,572,566
B. INVESTMENT ACTIVITIES
1. Net Liquidity by: 2,404,338 - 5,105,058
- equity investments 64,241 - 4,849
- collected dividends on equity investments 75,010 134,120
- financial assets held to maturity 3,128,662 - 2,176,160
- tangible assets - 966,265 - 388,809
- intangible assets - 198,645 - 1,839,635
- sales/purchases of subsidiaries and divisions 301,335 - 829,725
Net liquidity generated/absorbed by investment activities 2,404,338 - 5,105,058
C. FUNDING ACTIVITIES
- issue/purchase of treasury shares 2,839,216 - 511,332
- distribution of dividends and other scopes - 7,067 - 3,443,413
Net liquidity generated/absorbed by funding activities 2,832,149 - 3,954,745
NET LIQUIDITY GENERATED/ABSORBED DURING THE YEAR - 1,116,224 - 5,487,237
LEGENDA: (+) generated ; (-) absorbed
RICONCILIATION Settembre 2009 Settembre 2008
Cash and cash equivalents at the beginning of the year 7,652,446 11,072,942
Net liquidity generated/absorbed during the year - 1,116,224 - 5,487,237
Cash and cash equivalents: effect of exchange rate variations - 94,339 34,955
Cash and cash equivalents at the end of the year 6,441,883 5,620,660
Note:
First nine months 2008 figures are differnt from those published due to PPA (Purchase Price Allocation).