Transfers and commision - Ciobu Stela

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Payment operations, transfers and commissions Report cash flows for the year ended December 31, 2011 Nota 2011 2010 2009 (in MDL) Flow from operational activities Interest and commission receipts 50,036,485 45,514,573 46,716,343 Payments of interest and fees (18,617,119) (13,158,465) (22,899,347) Receipts on other incomes 9,330,883 6,874,273 4,674,851 Payments to employees (16,596,407) (14,837,784) (10,141,150) Payments to suppliers and entrepreneurs (11,858,152) (9,722,679) (6,546,850) Receipts before changes in assets and liabilities 12,295,690 14,669,918 11,803,847