CONSOLIDATED STATEMENT OF CASH FLOWS
S/ in Thousands, $ in Thousands |
12 Months Ended |
|
Dec. 31, 2019
PEN (S/)
|
Dec. 31, 2018
PEN (S/)
|
Dec. 31, 2017
PEN (S/)
|
| CASH AND CASH EQUIVALENTS FROM OPERATING ACTIVITIES |
|
|
|
| Net profit for the year |
S/ 4,352,331
|
S/ 4,071,305
|
S/ 4,181,648
|
| Adjustment to reconcile net profit to net cash arising from operating activities: |
|
|
|
| Provision for credit losses on loan portfolio |
2,100,091
|
1,814,898
|
2,057,478
|
| Depreciation and amortization |
455,032
|
429,122
|
419,975
|
| Depreciation for right-of-use assets |
177,307
|
0
|
0
|
| Depreciation of investment properties |
6,727
|
7,405
|
6,440
|
| Deferred (income) tax expense |
(52,540)
|
91,101
|
(3,556)
|
| Adjustment of technical reserves |
761,970
|
713,433
|
608,072
|
| Net gain on securities |
(546,814)
|
(242,829)
|
(760,772)
|
| Impairment loss on goodwill |
0
|
38,189
|
0
|
| Provision for sundry risks |
27,272
|
42,236
|
29,023
|
| Gain (loss) on financial assets designated at fair value through profit and loss |
(93,664)
|
53,935
|
(67,633)
|
| Net gain of trading derivatives |
(6,043)
|
(13,262)
|
(103,580)
|
| Net Income from sale of property, furniture and equipment |
(16,869)
|
(54,952)
|
(36,970)
|
| Net loss (gain) from sale of seized and recovered assets |
9,617
|
3,411
|
(2,494)
|
| Expense for share-based payment transactions |
120,062
|
106,865
|
104,170
|
| Others |
(19,735)
|
(16,022)
|
2,363
|
| Net (increase) decrease in assets: |
|
|
|
| Loans |
(6,767,721)
|
(10,236,155)
|
(8,387,767)
|
| Investments at fair value through profit or loss |
(206,534)
|
530,918
|
(16,400)
|
| Investments at fair value through other comprehensive income |
771,680
|
(837,699)
|
0
|
| Investments available-for-sale |
0
|
0
|
(5,380,789)
|
| Cash collateral, reverse repurchase agreements and securities borrowings |
(265,157)
|
3,604,105
|
3,134,530
|
| Other assets |
(1,066,465)
|
(1,078,163)
|
425,245
|
| Net increase (decrease) in liabilities |
|
|
|
| Deposits and obligations |
7,457,393
|
5,583,328
|
12,779,204
|
| Due to Banks and correspondents |
426,411
|
267,383
|
661,747
|
| Payables from repurchase agreements and securities lending |
(1,714,532)
|
(4,069,121)
|
(1,661,576)
|
| Bonds and notes issued |
670,877
|
(1,264,573)
|
788,144
|
| Short-term and low-value lease payments |
(63,047)
|
0
|
0
|
| Other liabilities |
1,584,192
|
1,310,271
|
1,745,720
|
| Income tax paid |
(1,168,130)
|
(1,106,700)
|
(1,014,907)
|
| Net cash flow from operating activities |
6,933,711
|
(251,571)
|
9,507,315
|
| NET CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Revenue from sale of property, furniture and equipment |
35,355
|
95,063
|
44,137
|
| Revenue from sale of investment property |
38,969
|
25,552
|
115,705
|
| Purchase of property, furniture and equipment |
(134,776)
|
(181,459)
|
(143,851)
|
| Purchase of investment property |
(33,321)
|
(49,519)
|
(9,217)
|
| Purchase of intangible assets |
(371,957)
|
(419,789)
|
(271,722)
|
| Purchase of investment at amortized cost |
(1,688,443)
|
(3,613,093)
|
0
|
| Revenue from sales and reimbursement of investment at amortized cost |
3,256,332
|
4,083,902
|
0
|
| Purchase of investments held-to-maturity |
0
|
0
|
(2,242,548)
|
| Revenue from sales and reimbursement of investments held-to-maturity |
0
|
0
|
2,757,402
|
| Acquisition of subsidiaries, net of cash received |
(375,952)
|
0
|
0
|
| Net cash flows from investing activities |
726,207
|
(59,343)
|
249,906
|
| NET CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
| Dividends paid |
(1,595,229)
|
(1,130,427)
|
(979,989)
|
| Dividends paid to non-controlling interest of subsidiaries |
(52,971)
|
(45,134)
|
(50,234)
|
| Additional dividends paid |
(638,092)
|
0
|
(1,252,255)
|
| Principal payments of leasing contracts |
(147,841)
|
0
|
0
|
| Interest payments of leasing contracts |
(37,438)
|
0
|
0
|
| Subordinated bonds |
(977,009)
|
0
|
(40,049)
|
| Purchase of treasury stock |
(103,225)
|
(95,413)
|
(71,008)
|
| Acquisition of non-controlling interest |
0
|
(174,472)
|
0
|
| Net cash flows from financing activities |
(3,551,805)
|
(1,445,446)
|
(2,393,535)
|
| Net increase (decrease) of cash and cash equivalents before effect of changes in exchange rate |
4,108,113
|
(1,756,360)
|
7,363,686
|
| Effect of changes in exchange rate of cash and cash equivalents |
(294,874)
|
704,966
|
(784,685)
|
| Cash and cash equivalents at the beginning of the period |
22,160,803
|
23,212,197
|
16,633,196
|
| Cash and cash equivalents at the end of the period |
25,974,042
|
22,160,803
|
23,212,197
|
| Additional information from cash flows |
|
|
|
| Interest received |
12,349,495
|
11,469,209
|
10,935,640
|
| Interest paid |
(3,193,536)
|
(3,034,140)
|
(2,885,989)
|
| Transactions that do not represent cash flow |
|
|
|
| Recognition of lease operations |
852,800
|
0
|
0
|
| Reclassification from investments at amortized cost to fair value with changes in equity |
S/ 241,656
|
S/ 0
|
S/ 0
|