Note	2015	2014
Net cash flows from operating activities
Profit before income tax		3 190 750	4 034 563
Adjustments:		12 204 050	(2 010 153)
Amortisation and depreciation		818 588	747 164
(Gains) losses from investing activities	44	(13 524)	(17 629)
Interest and dividends	44	(110 471)	(70 072)
Change in amounts due from banks	44	(1 029 176)	516 391
Change in trading assets and financial assets designated upon initial recognition at fair value through profit and loss	44	1 710 275	3 636 624
Change in derivative financial instruments (asset)	44	1 147 553	(2 465 578)
Change in loans and advances to customers	44	(10 609 636)	(6 368 592)
Change in other assets, inventories and non-current assets held for sale	44	(78 971)	22 298
Change in amounts due to banks	44	1 590 296	(10 148 916)
Change in derivative financial instruments (liability)	44	(920 374)	2 205 844
Change in amounts due to customers	44	20 695 190	9 077 138
Change in liabilities classified as held for sale		(34 964)	32 084
Change in debt securities in issue	44	651 916	797 462
Change in provisions and impairment allowances	44	(63 327)	1 298 353
Change in other liabilities, liabilities due to insurance operations and subordinated liabilities	44	201 744	315 877
Income tax paid		(544 111)	(842 623)
Other adjustments	44	(1 206 958)	(745 978)
Net cash generated from/used in operating activities		15 394 800	2 024 410
Net cash flows from investing activities
Inflows from investing activities		45 852 887	44 158 212
Proceeds from sale and interest on investment securities		45 423 694	44 056 862
Proceeds from sale of intangible assets and tangible fixed assets		113 656	73 451
Subsidies from acquisitions		279 309	-
Other investing inflows (dividends)		36 228	27 899
Outflows from investing activities		(50 450 360)	(51 861 334)
Purchase of subsidiaries, net of cash acquired		-	(1 797 972)
Purchase of investment securities		(49 618 982)	(49 249 230)
Purchase of intangible assets and tangible fixed assets		(831 378)	(814 132)
Net cash used in investing activities		(4 597 473)	(7 703 122)
Net cash flows from financing activities
Proceeds from debt securities in issue		3 646 201	3 569 624
Repurchase of issued debt securities		(5 365 160)	-
Redemption of debt securities in issue		(2 800 594)	(1 612 922)
Dividends paid		-	(937 500)
Repayment of interest from issued debt securities and subordinated loans		(544 630)	(475 673)
Long-term borrowings		240 628	15 287 591
Repayment of long-term interest		(2 963 925)	(4 782 292)
Net cash generated from/used in financing activities		(7 787 480)	11 048 828
Net cash flows		3 009 847	5 370 116
of which currency translation differences on cash and cash equivalents		45 152	125 680
Cash and cash equivalents at the beginning of the period		14 254 855	8 884 739
Cash and cash equivalents at the end of the period	44	17 264 702	14 254 855
of which restricted	18	15 909	11 440

consolidated_statement_of_cash_flows_pkobp.xlsx