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CONSOLIDATED AUDITOflS' flEPOflT ~~9 <br />FINANCIAL STATEMENTS <br />Statement of Cash Flows <br />Em 2005 2004 <br />Operating activities <br />Net income for the year 1,710 206 <br />Adjustments to reconcile net income/net lass to net cash used in operating activities <br />Impairment losses on investments 129 212 <br />Reversals of impairment losses on investments 4 -75 <br />Depreciation, amortisation antl impairment losses, and reversals of impairment losses, <br />on items of property and equipment and intangible assets <br />414 <br />877 <br />Minority interests in net income 76 59 <br />Changes in provisions -163 -302 <br />Changes in other non-cash items 693 -211 <br />Gains losses on the tlisposal of investment securities, property and equipment -1,838 -625 <br />Net decrease/increase in loans and advances to banks and customers 33,300 512 <br />Net decrease/increase in trading portfolio 8,163 -31,958 <br />Net decrease/increase in other assets -3,025 -818 <br />Nat decreaselncrease in liabilities to banks antl customers -46,280 23,973 <br />Net issuance of certificated liabilities 3,585 8,702 <br />Net decreaseMcrease in other liabilities -2,188 1,410 <br />Net cash provided used In operating activities -5,220 -30 <br />Investment activities <br />Proceeds from [he tlisposal of <br />-Investment securities 11,980 14,732 <br />- Property antl equipment 2,009 881 <br />Payments for the acquisition of <br />-Investment securities -8,087 -15,919 <br />-Property antl equipment -447 -2,236 <br />Effects of changes in consolitlatetl group structure 2,408 -415 <br />Net cash usetl In investing activities 7,863 -2,977 <br />Financing activities <br />Proceeds from capital increases -293 - <br />Net issuance of suhordinated liabilities -378 -235 <br />Net issuance of profit-participation certificates 77 127 <br />Payments on profit-participation certificates -87 -111 <br />Other 59 35 <br />Net cash usetl in financing activities -622 -104 <br />Effects of exchange rate changes a -26 <br />Net tlecreaselncrease in cash and cash equivalents 2,028 -3,225 <br />Cash antl cash equivalents at the beginning of the year 2,266 5,491 <br />Cash and cash equivalents at the end of the year 4,295 2,266 <br />Supplementary disclosure of cash Bow infortnetion <br />Cash interest received 8,942 4,928 <br />Dividends receivetl 102 289 <br />Cash interest paitl 4,398 4,069 <br />Cash income taxes paid 443 179 <br /> <br />