12/31/2022 12/31/2021
Pre-tax income 11 328 691 9 430 448
+/- Net depreciation and amortisation of property, plant and equipment and intangible assets 1 596 792 1 585 718
+/- Net impairment of goodwill and other fixed assets
+/- Net impairement of financial assets 1 155 1 223
+/- Net addition to provisions 3 537 455 3 896 584
+/- Share of earnings of equity-method entities-5 586 11 433
+/- Net gain/loss from investment activities-127 103 -24 746
+/- Net gain/loss from financing activities
+/- Other movements-811 093 -2 192 197
Non-monetary items included in pre-tax net income and other adjustments 4 191 621 3 278 014
+/- Flows related to transactions with credit institutions and similar institutions 1 338 536 -721 254
+/- Flows related to transactions with customers-545 848 12 740 826
+/- Flows related to other transactions affecting financial assets or liabilities 9 053 194 -14 190 434
+/- Flows related to other transactions affecting non-financial assets or liabilities
- Taxes paid
-3 270 288 -3 013 434
Net increase/decrease in operating assets and liabilities 6 575 593 -5 184 296
Net cash flow generated from operating activities 22 095 905 7 524 166
+/- Flows related to financial assets and investments-7 425 021 372 746
+/- Flows related to investment property-152 379 13 356
+/- Flows related to plant, property and equipment and intangible assets-1 044 702 -1 352 088
Net cash flow related to investing activities -8 622 102 -965 985
+/- Cash flows related to transactions with shareholders-4 053 372 -2 895 380
+/- Other net cash flows from financing activities-2 734 800 2 241 670
Net cash flow from financing activities-6 788 172 -653 709
Effect of movement in exchange rates on cash and equivalents 43 784 -262 630
Net increase (decrease) in cash and cash equivalents 6 729 415 5 641 842
Composition of cash position 12/31/2022 12/31/2021
Cash and cash equivalents at the beginning of the period 35 569 910 29 928 069
Net cash balance (assets and liabilities) with central banks, the treasury and post office accounts 25 728 670 26 329 340
Inter-bank balances with credit institutions and similar institutions 9 841 241 3 598 729
Cash and cash equivalents at the end of the period 42 299 325 35 569 910
Net cash balance (assets and liabilities) with central banks, the treasury and post office accounts 23 888 025 25 728 670
Inter-bank balances with credit institutions and similar institutions 18 411 300 9 841 241
Net change in cash and cash equivalents 6 729 415 5 641 842
Cash flow statement at December 31, 2022(thousand MAD)