Sberbank - Annual Report 2010 - Statement of Cash Flows

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# Consolidated Statement of Cash Flows

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In millions of Russian Roubles | Note | 2010 | 2009
--- | --- | --- | ---
Cash flows from operating activities |  |  |
Interest received |  | 809,556 | 823,100
Interest paid |  | (250,681) | (266,462)
Fees and commissions received |  | 130,669 | 105,198
Fees and commissions paid |  | (7,140) | (4,634)
Net gains received from trading securities |  | 1,040 | 2,404
Net gains received/(losses incurred) from securities designated at fair value through profit or loss |  | 4,505 | (171)
Net (losses incurred)/gains received from trading in foreign currencies and from operations with foreign currency derivatives |  | (14,516) | 7,272
Net gains received from operations with other derivatives |  | 2,944 | -
Net gains received from operations with precious metals and precious metals derivatives |  | 928 | 2,210
Other operating income received |  | 12,267 | 7,781
Operating expenses paid |  | (240,549) | (194,165)
Income tax paid |  | (48,249) | (5,723)
Cash flows from operating activities before changes in operating assets and liabilities |  | 400,774 | 476,810
Changes in operating assets and liabilities |  |  |
Net increase in mandatory cash balances with the Bank of Russia |  | (9,960) | (32,929)
Net decrease/(increase) in trading securities |  | 28,436 | (352)
Net decrease in securities designated at fair value through profit or loss |  | 24,532 | 15,527
Net increase in due from other banks |  | (2,948) | (2,640)
Net increase in loans and advances to customers |  | (807,732) | (131,215)
Net increase in other assets |  | (76,191) | (52,752)
Net increase/(decrease) in due to other banks |  | 130,062 | (252,700)
Net increase in due to individuals |  | 1,044,458 | 638,290
Net increase/(decrease) in due to corporate customers |  | 155,431 | (76,554)
Net decrease in debt securities in issue |  | (4,672) | (16,384)
Net increase/(decrease) in other liabilities |  | 29,597 | (138)
Net cash from operating activities |  | 911,787 | 564,963
Cash flows from investing activities |  |  |
Purchase of investment securities available for sale |  | (1,835,415) | (674,269)
Proceeds from disposal and redemption of investment securities available for sale |  | 1,178,645 | 168,711
Purchase of investment securities held to maturity |  | (94,636) | -
Acquisition of premises and equipment | 14 | (63,082) | (52,498)
Proceeds from disposal of premises and equipment including insurance payments |  | 410 | 1,357
Acquisition of associates |  | (2,211) | -
Acquisition of subsidiaries |  | (994) | (1,467)
Dividends received |  | 1,414 | 188
Net cash used in investing activities |  | (815,869) | (557,978)
Cash flows from financing activities |  |  |
Other borrowed funds received |  | 178,190 | 832
Redemption of other borrowed funds |  | (27,799) | (53,090)
Repayment of interest on other borrowed funds |  | (3,918) | (5,258)
Redemption of subordinated debt |  | (214,912) | (15,897)
Repayment of interest on subordinated debt |  | (28,992) | (41,269)
Acquisition of non-controlling interest | 37 | (367) | -
Disposal of treasury shares |  | - | 60
Dividends paid | 29 | (2,205) | (11,012)
Net cash used in financing activities |  | (100,003) | (125,634)
Effect of exchange rate changes on cash and cash equivalents |  | (1,835) | 40,421
Net decrease in cash and cash equivalents |  | (5,920) | (78,228)
Cash and cash equivalents at the beginning of the year |  | 725,521 | 803,749
Cash and cash equivalents as at the end of the year | 7 | 719,601 | 725,521

In millions of Russian Roubles | Note | 2010 | 2009
--- | --- | --- | ---
Cash flows from operating activities |  |  |
Interest received |  | 809,556 | 823,100
Interest paid |  | (250,681) | (266,462)
Fees and commissions received |  | 130,669 | 105,198
Fees and commissions paid |  | (7,140) | (4,634)
Net gains received from trading securities |  | 1,040 | 2,404
Net gains received/(losses incurred) from securities designated at fair value through profit or loss |  | 4,505 | (171)
Net (losses incurred)/gains received from trading in foreign currencies and from operations with foreign currency derivatives |  | (14,516) | 7,272
Net gains received from operations with other derivatives |  | 2,944 | -
Net gains received from operations with precious metals and precious metals derivatives |  | 928 | 2,210
Other operating income received |  | 12,267 | 7,781
Operating expenses paid |  | (240,549) | (194,165)
Income tax paid |  | (48,249) | (5,723)
Cash flows from operating activities before changes in operating assets and liabilities |  | 400,774 | 476,810
Changes in operating assets and liabilities |  |  |
Net increase in mandatory cash balances with the Bank of Russia |  | (9,960) | (32,929)
Net decrease/(increase) in trading securities |  | 28,436 | (352)
Net decrease in securities designated at fair value through profit or loss |  | 24,532 | 15,527
Net increase in due from other banks |  | (2,948) | (2,640)
Net increase in loans and advances to customers |  | (807,732) | (131,215)
Net increase in other assets |  | (76,191) | (52,752)
Net increase/(decrease) in due to other banks |  | 130,062 | (252,700)
Net increase in due to individuals |  | 1,044,458 | 638,290
Net increase/(decrease) in due to corporate customers |  | 155,431 | (76,554)
Net decrease in debt securities in issue |  | (4,672) | (16,384)
Net increase/(decrease) in other liabilities |  | 29,597 | (138)
Net cash from operating activities |  | 911,787 | 564,963
Cash flows from investing activities |  |  |
Purchase of investment securities available for sale |  | (1,835,415) | (674,269)
Proceeds from disposal and redemption of investment securities available for sale |  | 1,178,645 | 168,711
Purchase of investment securities held to maturity |  | (94,636) | -
Acquisition of premises and equipment | 14 | (63,082) | (52,498)
Proceeds from disposal of premises and equipment including insurance payments |  | 410 | 1,357
Acquisition of associates |  | (2,211) | -
Acquisition of subsidiaries |  | (994) | (1,467)
Dividends received |  | 1,414 | 188
Net cash used in investing activities |  | (815,869) | (557,978)
Cash flows from financing activities |  |  |
Other borrowed funds received |  | 178,190 | 832
Redemption of other borrowed funds |  | (27,799) | (53,090)
Repayment of interest on other borrowed funds |  | (3,918) | (5,258)
Redemption of subordinated debt |  | (214,912) | (15,897)
Repayment of interest on subordinated debt |  | (28,992) | (41,269)
Acquisition of non-controlling interest | 37 | (367) | -
Disposal of treasury shares |  | - | 60
Dividends paid | 29 | (2,205) | (11,012)
Net cash used in financing activities |  | (100,003) | (125,634)
Effect of exchange rate changes on cash and cash equivalents |  | (1,835) | 40,421
Net decrease in cash and cash equivalents |  | (5,920) | (78,228)
Cash and cash equivalents at the beginning of the year |  | 725,521 | 803,749
Cash and cash equivalents as at the end of the year | 7 | 719,601 | 725,521

## History

- Statement of Changes in Equity
- Statement of Comprehensive Income
- Income Statement
- Statement of Financial Position
- Independent Auditor’s Report

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### Key figures

- Operating Income
- Assets
- Net Profit