PASHA BANK ENG 20

PASHA Yatırım Bankası A.Ş. (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) (Convenience Translation of Publicly Announced Financial Statements Originally Issued in Turkish, See Note I of Section Three) The accompanying notes are an integral part of these financial statements. VI. STATEMENT OF CASH FLOW Note Current Period 31/12/2020 Prior Period 31/12/2019 A. CASH FLOWS FROM BANKING OPERATIONS 1.1 Operating Profit Before Changes in Operating Assets and Liabilities 37,669 66,860 1.1.1 Interest Received 122,510 147,431 1.1.2 Interest Paid (59,193) (43,315) 1.1.3 Dividend Received - - 1.1.4 Fees and Commissions Received 3,602 3,827 1.1.5 Other Income 10,964 847 1.1.6 Collections from Previously Written-off Loans and Other Receivables 3,354 694 1.1.7 Payments to Personnel and Service Suppliers (19,094) (15,680) 1.1.8 Taxes Paid (7,206) (14,154) 1.1.9 Other (5.6.2) (17,268) (12,790) 1.2 Changes in Operating Assets and Liabilities (118,016) (55,899) 1.2.1 Net (Increase) Decrease in Financial Assets at Fair Value through Profit or Loss (6,575) 2,787 1.2.2 Net increase (decrease) in due from banks 12,094 (35,674) 1.2.3 Net increase (decrease) in loans (169,626) (168,055) 1.2.4 Net increase (decrease) in other assets (5.6.2) 953 (626) 1.2.5 Net increase (decrease) in bank deposits - - 1.2.6 Net increase (decrease) in other deposits - - 1.2.7 Net increase (decrease) in financial liabilities at fair value through profit or loss - - 1.2.8 Net Increase/(Decrease) in Funds Borrowed (49,708) 143,900 1.2.9 Net Increase/(Decrease) in matured Payables - - 1.2.10 Net Increase/(Decrease) in Other Liabilities (5.6.2) 94,846 1,769 I. Net Cash Provided from Banking Operations (80,347) 10,961 B. CASH FLOWS FROM INVESTING ACTIVITIES II. Net Cash Provided from / (Paid For) Investing Activities (32,003) (40,877) 2.1 Cash paid for the purchase of associates, subsidiaries and joint ventures - - 2.2 Cash obtained from the sale of associates, subsidiaries and joint ventures - - 2.3 Cash paid for the purchase of tangible and intangible asset (3,413) (23,430) 2.4 Cash obtained from the sale of tangible and intangible asset - - 2.5 Cash paid for the purchase of financial assets at fair value through other comprehensive income (26,531) (21,936) 2.6 Cash obtained from the sale of financial assets at fair value through other comprehensive income 12,163 13,628 2.7 Cash paid for the purchase of financial assets at amortised cost (49,278) (21,121) 2.8 Cash obtained from sale of financial assets at amortised cost 35,056 11,982 2.9 Other - - C. CASH FLOWS FROM FINANCING ACTIVITIES III. Net Cash Provided from Financing Activities 48,274 109,805 3.1 Cash Obtained from Funds Borrowed and Securities Issued 188,568 346,661 3.2 Cash Used for Repayment of Funds Borrowed and Securities Issued (140,195) (236,731) 3.3 Equity instruments issued - - 3.4 Dividends Paid - - 3.5 Payments for Finance Lease Liabilities (99) (125) 3.6 Other - - IV. Effect of Change in Foreign Exchange Rate on Cash and Cash Equivalents (5.6.2) 36,806 9,755 V. Net Increase/(Decrease) in Cash and Cash Equivalents (I+II+III+IV) (27,270) 89,644 VI. Cash and Cash Equivalents at the Beginning of the Period (5.6.1) 190,631 100,987 VII. Cash and Cash Equivalents at the End of the Period (V+VI) (5.6.1) 163,361 190,631 Notes to Unconsolidated Statements of Cash Flow For the Year Ended 31 December 2020 120 Annual Report 2020 PASHA Bank Year-End Financial Report