CONSOLIDATED FINANCIAL STATEMENTS 2022

5. STATEMENT OF CASH FLOWS

31.12.2022

31.12.2021

(in thousands of euros)

Pre-tax income

358 815

242 567

67 836

67 112

Net depreciation and impairment of property, plant & equipment and intangible assets

-63

Impairment of goodwill and other fixed assets

-23 190

33 748

Net addition to provisions

-15 421

-7 552

Share of net income (loss) of equity-accounted entities

Net income (loss) from investment activities

108

7 390

4 441

Net income (loss) from financing activities

136 685

23 718

Other movements

Total Non-cash and other adjustment items included in pre-tax income

173 407

121 403

-14 498 380 -5 240 149

Change in interbank items

-2 723 514

5 140 639

Change in customer items

329 385

-2 942 458

Change in financial assets and liabilities

3 095 944

2 588 141

Change in non-financial assets and liabilities

Dividends received from equity-accounted entities Taxes paid

-87 095

-75 366

Net change in assets and liabilities used in operating activities Cash provided (used) by discontinued operations Total Net cash flows from (used by) operating activities (A) Change in property, plant & equipment and intangible assets Cash provided (used) by discontinued operations Total Net cash flows from (used by) investing activities (B) Cash received from (paid to) shareholders (2) Other cash provided (used) by financing activities (3) Cash provided (used) by discontinued operations Total Net cash flows from (used by) financing activities (C) Impact of exchange rate changes on cash and cash equivalent (D) Net increase/(decrease) in cash and cash equivalent (A + B + C + D) Change in equity investments (1)

-13 883 660

-529 193

-13 351 438

-165 224

5

879

-63 929

-52 179

-63 924 40 491 -33 441

-51 300

-200 338

-35 672

7 050

-236 010

-136 941

630

-13 545 253

-451 903

Cash and cash equivalents at beginning of period Net cash accounts and accounts with central banks *

46 216 100 46 668 003

46 953 943

47 806 019

Net demand loans and deposits with credit institutions **

-737 843

-1 138 016

Cash and cash equivalents at end of period

32 670 848

46 216 100 46 953 943

Net cash accounts and accounts with central banks *

32 926 972

Net demand loans and deposits with credit institutions **

-256 124

-737 843

NET CHANGE IN CASH AND CASH EQUIVALENTS

-13 545 253

-451 903

11