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CONSOLIDATED STATEMENT OF CASH FLOWS - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
1. Cash Flows From Operating Activities      
Consolidated profit for the year R$ 13,450,753 R$ 16,631,450 R$ 12,799,918
Adjustments to profit (31,268,076) 14,654,879 14,765,404
Depreciation of tangible assets 2,039,805 1,870,836 1,216,704
Amortization of intangible assets 539,322 521,021 523,255
Impairment losses on other assets (net) 84,908 131,435 508,310
Provisions and Impairment losses on financial assets (net) 19,106,735 17,051,491 14,713,039
Net Gains (losses) on disposal of tangible assets, investments and non-current assets held for sale (308,176) (20,489) (156,258)
Income from companies accounted by the equity method (112,261) (149,488) (65,958)
Changes in deferred tax assets and liabilities (8,232,869) (2,912,279) (1,594,440)
Monetary Adjustment of Escrow Deposits (219,447) (574,399) (664,003)
Recoverable Taxes (120,220) (182,469) (222,402)
Effects of Changes in Foreign Exchange Rates on Cash and Cash Equivalents 99
Effects of Changes in Foreign Exchange Rates on Assets and Liabilities (44,250,466) (2,609,679) 1,173,757
Other 204,593 1,528,800 (666,600)
Net (increase) decrease in operating assets (137,901,127) (42,332,510) (79,913,313)
Balance with the Brazilian Central Bank (21,361) 855 16,629,126
Financial Assets Measured At Fair Value Through Profit Or Loss (26,198,034) 11,080,730 (8,791,116)
Other Financial Assets Measured At Fair Value Through Profit Or Loss 1,692,154
Financial Assets Measured At Fair Value Through Profit Or Loss Held for Trading (41,445,329) 11,831,411 (16,412,738)
Non-Trading Financial Assets Mandatorily Measured at Fair Value Through Profit or Loss (328,267) 746,024 (419,851)
Financial Assets Measured At Fair Value Through Other Comprehensive Income (14,905,798) (8,835,552) (4,323,459)
Financial Assets Measured At Amortized Cost (80,778,996) (60,462,247) (75,906,801)
Other assets 25,776,658 3,306,269 7,619,372
Net increase (decrease) in operating liabilities 199,305,556 41,219,165 64,293,936
Financial Liabilities Measured At Fair Value Through Profit Or Loss held for trading 31,578,621 (4,874,323) 1,616,446
Financial Liabilities Measured At Fair Value Through Profit Or Loss 1,516,522 3,373,359 1,946,056
Financial liabilities at amortized cost 165,920,919 40,961,046 57,833,935
Other liabilities 289,494 1,759,083 2,897,499
Tax paid (1,269,150) (5,301,184) (3,668,571)
Total net cash flows from operating activities (1) 42,317,956 24,871,800 8,277,374
2. Cash Flows From Investing Activities      
Investments (2,019,278) (3,500,499) (3,157,796)
Capital increase in Investments in associates and Joint Ventures (36,051)
Acquisition of subsidiary, less net cash in the acquisition (13,570) (746) (111,224)
Tangible assets (1,235,923) (1,924,783) (1,394,299)
Intangible assets (769,785) (1,519,725) (1,616,222)
Non - current assets held for sale (55,245)
Disposal 856,181 987,164 797,716
Tangible assets 47,096 29,911 122,009
Non - current assets held for sale 663,067 808,980 563,607
Dividends and interest on capital received 146,018 148,273 112,100
Total net cash flows from investing activities (2) (1,163,097) (2,513,335) (2,360,078)
3. Cash Flows From Financing Activities      
Acquisition of own shares (110,223) (219,703) (312,305)
Issuance of Debt Instruments Eligible to Compose Capital 9,347,750
Issuance of other long-term financial liabilities 60,047,656 53,017,039 73,765,081
Dividends and interest on capital paid (10,280,430) (6,953,718) (6,076,073)
Payments of other long-term financial liabilities (82,900,914) (61,914,716) (78,903,009)
Payments of subordinated liabilities (9,885,607) (544,566)
Payments of interest of Debt Instruments Eligible to Compose Capital (914,645) (328,892) (683,783)
Net increase in non-controlling interests 6,842 (14,266) 55,869
Capital Increase in Subsidiaries, by Non-Controlling Interests 100,000 48,000
Total net cash flows from financing activities (3) (34,151,714) (26,199,863) (3,303,036)
Exchange variation on Cash and Cash Equivalents (4) (99)
Net Increase in Cash (1+2+3+4) 7,003,145 (3,841,497) 2,614,258
Cash and cash equivalents at beginning of year 21,443,663 25,285,160 22,670,902
Cach and cash equivalentes at end of year 28,446,808 21,443,663 25,285,160
Cash components and cash equivalents      
Central Bank cash and reserves 20,148,725 20,127,364 19,463,587
Loans and other amounts 8,298,083 1,316,299 5,821,573
Total cash and cash equivalents 28,446,808 21,443,663 25,285,160
Non-monetary transactions      
Loan foreclosures and other assets transferred to non-current assets held for sale 445,173 735,864 785,139
Dividends and interest on equity declared but not paid 665,000 7,800,000 4,800,000
Additional information      
Interest received 35,405,636 71,777,476 70,831,205
Interest paid R$ (13,973,268) R$ (27,654,965) R$ (29,796,455)