ru
Consolidated Statement of Cash Flows for the Year Ended December 31, 2015
(in millions of Russian rubles)
Notes Year ended December 31, 2015 Year ended December 31, 2014
CASH FLOWS FROM / (USED IN) OPERATING ACTIVITIES:
Profit before tax 34 719,3 20 028,1
Adjustments for:
Depreciation and amortisation charge 10 1 799,7 1 588,0
Deferred commission income 25 395,8
Accrued expenses 28,2
Fair value adjustment on securities at fair value through profit or loss 58,3 369,4
Share-based payment expense 11 289,9 233,8
Unrealized gain on foreign exchange operations (207,7) (53,5)
Share of profits of associates (1,2) (7,4)
Loss on disposal of investments available-for-sale 7 280,7 1 588,2
Net change in interest accruals (2 540,3) 3,2
Net loss on disposal of property and equipment and intangible assets 10 26,1 26,4
Gain from revaluation of previously held equity interest in the acquiree 9 (38,7)
Impairment of goodwill and other intangible assets 10 209,8
Impairment of other assets 10 19,3 10,5
Impairment related to assets held for sale 10 106,0
Bargain gain 9 (18,6)
Provision for onerous contracts 10 173,2
Gain on disposal of non-current assets held for sale 9 (313,6)
Changes in operating assets and liabilities:
Due from financial institutions 30 884,2 (5 066,9)
Financial assets at fair value through profit or loss 11 226,7 (146,4)
Central counterparty financial assets (378 899,5) (92 601,2)
Other assets (733,5) (197,7)
Balances of market participants (330 346,6) 588 493,8
Central counterparty financial liabilities 378 899,5 92 601,2
Distributions payable to holders of securities (214,6) 2 682,2
Margin account under reverse repo 417,7
Other liabilities (91,2) 696,2
Cash flows (used in) / from operating activities before taxation (253 883,2) 610 260,0
Income tax paid (7 101,3) (2 752,6)
Cash flows (used in) / from operating activities (260 984,5) 607 507,4
CASH FLOWS FROM / (USED IN) INVESTING ACTIVITIES:
Purchase of investments available-for-sale (154 789,3) (60 565,9)
Proceeds from disposal of investments available-for-sale 78 486,0 58 870,3
Purchase of property and equipment and intangible assets (2 208,1) (1 110,5)
Proceeds from disposal of property and equipment and intangible assets 7,6 5,4
Proceeds from sale of investments in associates 593,9
Acquisition of subsidiaries, net of cash acquired 5,9
Disposal of subsidiaries, net of cash disposed 440,0
Cash flows used in investing activities (78 503,8) (1 760,9)
CASH FLOWS FROM / (USED IN) FINANCING ACTIVITIES:
Dividends paid 27 (8 653,5) (5 310,1)
Sale of treasury shares 163,6 139,0
Acquisition of non-controlling interest in subsidiaries (2,1)
Loans received (50,1)
Сash flows used in financing activities (8 489,9) (5 223,3)
Effect of changes in foreign exchange rates on cash and cash equivalents 175 992,2 306 199,4
Net (decrease) / increase in cash and cash equivalents (171 986,0) 906 722,6
Cash and cash equivalents, beginning of year 13 1 163 783,1 257 060,5
Cash and cash equivalents, end of year 13 991 797,1 1 163 783,1

Interest received by the Group during the year ended December 31, 2015, amounted to RUB 24 439,3 million (December 31, 2014: RUB 14 464,3 million).

Interest paid by the Group during the year ended December 31, 2015, amounted to RUB 122,9 million (December 31, 2014: RUB 531, 4 million).