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Consolidated financial statements in accordance with IFRS

Based on the requirements of the National Bank of the Republic of Belarus and in order to meet  the financial information  needs of existing and potential investors, Belinvestbank JSC («the Bank») discloses on its web-site the consolidated financial statements in accordance with IFRS on a permanent basis.
Consolidated financial statements according to IFRS are a structured representation of the financial position and financial performance of the Bank.
Financial statements also show the results of the management’s stewardship of the resources entrusted to it. This information, along with other information in the notes, assists users of financial statements in predicting the entity’s future cash flows and, in particular, their timing and certainty.
A complete set of consolidated financial statements comprises:
consolidated statement of financial position as at the end of the period;
consolidated statement of profit or loss and other comprehensive income for the period;
consolidated statement of changes in equity for the period;
consolidated statement of cash flows for the period. Statement of cash flows provides investors with information about cash inflows and outflows and the resulting change in cash and cash equivalents. For this purpose cash flows are classified into three key activities: operating, investing and financing;
notes, comprising significant accounting policies and other explanatory information. Notes contain information in addition to that presented in above mentioned statements. Notes provide narrative descriptions or disaggregations of items presented in those statements and information about items that do not qualify for recognition in those statements;
comparative information in respect of the preceding period.
The Bank places on its web-site annual audited consolidated financial statements in accordance with IFRS, as well as quarterly unaudited summary interim consolidated financial statements, the full set of which can be obtained from the Bank upon request.
Outside the consolidated financial statements, the Bank annually discloses a Management Commentary that describes and explains the main features of the Bank’s financial performance and financial position, and the principal uncertainties it faces. Management Commentary includes a review of the main factors and influences determining financial performance, including changes in the environment in which the Bank operates, the Bank’s response to those changes and their effect.
In addition the Bank discloses quarterly the main IFRS Performance Indicators.