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Navigation Map
Interactive navigation is a tool that goes beyond the standard navigation of the integrated content (available in the report drop-down bar). New approach allowed to navigate in the two additional business dimensions of the PZU Group, i.e .:
- strategy (insurance, health, investments, finances);
- sustainable development (sales, employees, social responsibility, natural environment and ethics).
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
Operating model
Climate
Employee
Risk and ethics
Business
In the Chapter
Operating model
Climate
Employee
CSR
Risk and ethics
Market
Business
In the Chapter
Operating model
Employee
Risk and ethics
Business
In the Chapter
Operating model
Employee
Risk and ethics
Business
In the Chapter
Operating model
Climate
Employee
CSR
Risk and ethics
Consolidated cash flow statement
| Consolidated cash flow statement | Note | 1 January – 31 December 2019 | 1 January – 31 December 2018 |
| Profit before tax | 7 080 | 7 086 | |
| Adjustments | -6 032 | -6 683 | |
| Movement in loan receivables from clients | -14 959 | -15 972 | |
| Movement of liabilities under deposits | 10 522 | 9 093 | |
| Movement in the valuation of assets measured at fair value | -837 | -770 | |
| Interest income and expenses | -2 574 | -2 276 | |
| Realized gains/losses from investing activities and impairment losses | 1 823 | 1 664 | |
| Net foreign exchange differences | 123 | -184 | |
| Movement in deferred acquisition expenses | -28 | -61 | |
| Amortization of intangible assets and depreciation of property, plant and equipment | 1 293 | 1 103 | |
| Movement in the reinsurers' share in technical provisions | -344 | -262 | |
| Movement in technical provisions | 1 490 | 1 281 | |
| Movement in receivables | -644 | -586 | |
| Movement in liabilities | 1 113 | -871 | |
| Cash flow on investment contracts | -13 | -21 | |
| Acquisitions and redemptions of participation units and investment certificates of mutual funds | 158 | -126 | |
| Income tax paid | -2 084 | -1 898 | |
| Other adjustments | -1 071 | 3 203 | |
| Net cash flows from operating activities | 1 048 | 403 | |
| Cash flow from investing activities | |||
| Proceeds | 759 573 | 909 865 | |
| – sale of investment property | 619 | 22 | |
| – proceeds from investment property | 305 | 300 | |
| – sale of intangible assets and property, plant and equipment | 87 | 51 | |
| – sale of ownership interests and shares | 3 061 | 3 590 | |
| – realization of debt securities | 157 856 | 204 645 | |
| – closing of buy-sell-back transactions | 281 450 | 460 379 | |
| – closing of term deposits with credit institutions | 289 755 | 208 469 | |
| – realization of other investments | 24 678 | 30 645 | |
| – interest received | 1 673 | 1 655 | |
| – dividends received | 55 | 66 | |
| – increase in cash due to purchase of entities and change in the scope of consolidation | - | 4 | |
| – other investment proceeds | 34 | 39 | |
| Expenditures | -764 426 | -900 694 | |
| – purchase of investment property | -198 | -106 | |
| – expenditures for the maintenance of investment property | -139 | -105 | |
| – purchase of intangible assets and property, plant and equipment | -903 | -824 | |
| – purchase of ownership interests and shares | -2 633 | -3 378 | |
| – purchase of ownership interests and shares in subsidiaries | -211 | -29 | |
| – decrease in cash due to the sale of entities and change in the scope of consolidation | -32 | - | |
| – purchase of debt securities | -165 545 | -192 342 | |
| – opening of buy-sell-back transactions | -282 273 | -462 749 | |
| – purchase of term deposits with credit institutions | -288 342 | -209 697 | |
| – purchase of other investments | -24 129 | -31 436 | |
| – other expenditures for investments | -21 | -28 | |
| Net cash flows from investing activities | -4 853 | 9 171 | |
| Cash flows from financing activities | |||
| Proceeds | 106 012 | 202 272 | |
| – proceeds from the issue of shares by subsidiaries (in the part paid up by holders of non-controlling interests) | - | 13 | |
| – proceeds from loans and borrowings | 38 | 4 300 | 4 284 |
| – proceeds on the issue of own debt securities | 38 | 8 820 | 6 396 |
| – opening of repurchase transactions | 38 | 92 892 | 191 579 |
| Expenditures | -111 499 | -203 072 | |
| – dividends paid to equity holders of the parent | 40.2.1.1 | -2 418 | -2 159 |
| – dividends to owners of non-controlling interests | -1 385 | -1 659 | |
| – repayment of loans and borrowings | 38 | -3 415 | -3 373 |
| – redemption of own debt securities | 38 | -10 845 | -3 384 |
| – closing of repurchase transactions | 38 | -92 837 | -192 217 |
| – interest on loans and borrowings | 38 | -75 | -45 |
| – interest on outstanding debt securities | 38 | -227 | -235 |
| – expenditures on leases | -297 | - | |
| Net cash flows from financing activities | -5 487 | -800 | |
| Total net cash flows | -9 292 | 8 774 | |
| Cash and cash equivalents at the beginning of the period | 17 055 | 8 239 | |
| Change in cash due to foreign exchange differences | 25 | 42 | |
| Cash and cash equivalents at the end of the period, including: | 38 | 7 788 | 17 055 |
| – restricted cash | 38 | 89 | 25 |
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