Summary Consolidated Statement of Cash Flows

In millions of Russian Roubles 2013 2012
Cash flows from operating activities
Interest received 19 249 16 652
Interest paid (9 486) (7 679)
Fees and commissions received 5 206 5 464
Fees and commissions paid (653) (442)
Net income received from trading in trading securities 5 3
Net income received from trading in foreign currencies 139 439
Other operating income received 185 335
Administrative and other operating expenses paid (8 368) (8 226)
Income tax paid (561) (966)
Cash flows from operating activities before changes in operating assets and liabilities 5 716 5 580
Changes in operating assets and liabilities
Net decrease/(increase) in mandatory cash balances with the Central Bank of the Russian Federation 317 (158)
Net decrease in trading securities 1 632 1 357
Net decrease/(increase) in due from other banks 5 183 (4 846)
Net increase in loans and advances to customers (18 126) (20 994)
Net decrease/(increase) in other financial assets 134 (125)
Net increase in other assets (81) (189)
Net increase in due to other banks 1 447 105
Net (decrease)/increase in customer accounts (4 845) 20 338
Net increase in other borrowed funds 200 2 803
Net increase in debt securities in issue 3 178 304
Net decrease in other financial liabilities (28) (236)
Net increase in other liabilities 24 4
Net cash (used in)/from operating activities (5 249) 3 943
Cash flows from investing activities
Acquisition of investment securities available for sale (13 766) (3 128)
Proceeds from disposal of investment securities available for sale 8 925 1 981
Acquisition of premises and equipment (425) (479)
Proceeds from disposal of premises and equipment 11 21
Proceeds from disposal of non-current assets held for sale 151 204
Proceeds from disposal of investment properties 8 27
Dividend income received 3 2
Net cash used in investing activities (5 093) (1 372)
Cash flows from financing activities
Receipt of subordinated loans 1 000 2 000
Repayment of subordinated loans (3 196) — 
Repayment of funding from international financial institution (443) (470)
Dividends paid (14) (14)
Net cash (used in)/from financing activities (2 653) 1 516
Effect of exchange rate changes on cash and cash equivalents 1 441 (957)
Net (decrease)/increase in cash and cash equivalents (11 554) 3 130
Cash and cash equivalents at the beginning of the year 40 885 37 755
Cash and cash equivalents at the end of the year 29 331 40 885
Скачать таблицу в формате xls

The consolidated fi nancial statements, from which the summary consolidated financial statements have been derived, are available from Bank Vozrozhdenie upon request.

Note to the Summary Consoli class="top-margin bottom-margin"dated Financial Statements

Basis for preparation

These summary consolidated financial statements of Bank Vozrozhdenie and its subsidiary (the “Group”) have been prepared by extraction, without any modification, of the consolidated statement of financial position, the consolidated statement of profit or loss and other comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows from the consolidated financial statements of the Group prepared in accordance with International Financial Reporting Standards.

The consolidated financial statements, from which the summary consolidated financial statements have been derived, are available from Bank Vozrozhdenie upon request at Luchnikov pereulok, 7/4 bld. 1, 101990 GSP, Moscow, Russian Federation.

Consolidated financial statements, on the basis of which the summary consolidated financial statements had been prepared, are available on the Bank Vozrozhdenie’s website on: http://www.vbank.ru/moscow/investors/financial/annual_reports/,
as well as on http://www.e-disclosure.ru/portal/company.aspx?id=120/
Consolidated financial statements were published on the website on March 26, 2014 and will be available until April 2017.

Consolidated financial statements was presented to the Bank of Russia on March 27, 2014.