FINANCIAL REPORT 2014

1.6. STATEMENT OF CASH FLOWS

(in thousands of euros)

31.12.2014

31.12.2013

PRE-TAX INCOME

-199 115

234 434

Depreciation, amortisation and impairment of property, plant & equipment and intangible assets

34 549

53 297

Impairment of goodwill and other fixed assets

350 003

Net charge to depreciation, amortisation and impairment

-2 644

-3 360

Share of profit in equity-accounted entities Net income from investment activities

-10

-782

Net income from financing activities

14 346

9 010

Other movements

-150 789

44 667

TOTAL NON-CASH ITEMS INCLUDED IN PRE-TAX INCOME AND OTHER ADJUSTMENTS

245 456

102 831

Change in interbank items Change in customer items

-6 154 525

-1 213 756

3 281 112

-3 810 013

Change in financial assets and liabilities

1 750 642

4 990 897

Change in non-financial assets or liabilities

955 246

-262 199

Dividends received from equity-accounted entities Tax paid

-88 046

-91 991

NET DECREASE/INCREASE IN ASSETS AND LIABILITIES USED IN OPERATING ACTIVITIES

-255 571 -209 231

-387 062

TOTAL NET CASH GENERATED BY OPERATING ACTIVITIES (A)

-49 797

Change in equity investments

-488

2 657

Change in property, plant & equipment and intangible assets TOTAL NET CASH ASSOCIATED WITH INVESTMENT ACTIVITIES (B)

-27 576

-24 131

-28 064

-21 474

Cash received from/ paid to shareholders

-59 847

-53 916

Other cash provided/ used by financing activities

-14 377

191 005

TOTAL NET CASH ASSOCIATED WITH FINANCING ACTIVITIES (C)

-74 224

137 089

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (D) NET INCREASE/ DECREASE IN CASH AND CASH EQUIVALENTS (A+B+C+D)

488

-278

-311 031

65 540

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD

4 714 339

4 648 799

Cash and due from banks net balance *

608 036

224 694

Interbank demand net balance**

4 106 303

4 424 105

CASH AND CASH EQUIVALENTS AT END OF PERIOD

4 403 308

4 714 339

Cash and due from banks net balance *

185 258

608 036

Interbank demand net balance**

4 218 050

4 106 303

CHANGE IN NET CASH AND CASH EQUIVALENTS

-311 031

65 540

* Consisting of the net balance of “Cash and due to central banks” excluding accrued interest.

** Comprises the balance of “performing current accounts in debit” and “performing overnight accounts and advances” and “current accounts in credit” and “daylight overdrafts and accounts” (excluding ac- crued interest).

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