FINANCIAL REPORT 2015

1.6. STATEMENT OF CASH FLOWS

(in thousands of euros)

31.12.2015

31.12.2014 Restated (1)

PRE-TAX INCOME

164 933

-199 149

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

37 343

34 549

Impairment of goodwill and other fixed assets

350 003

Net charge to depreciation, amortisation and impairment

1 952

-2 644

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

117

-10

Net income from financing activities

11 394

14 346

Other movements

-1 349

-150 789

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

49 457

245 456

Change in interbank items Change in customer items

3 418 761

-6 154 525

595 922

3 281 112

Change in financial assets and liabilities

-2 341 008

1 750 642

Change in non-financial assets or liabilities

-81 273

955 246

Dividends received from equity-accounted entities Tax paid

-34 780

-88 031

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

1 557 622 1 772 012

-255 556 -209 249

TOTAL NET CASH GENERATED BY OPERATING ACTIVITIES (A)

Change in equity investments

-799

-488

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

-34 330

-27 576

-35 129

-28 064

Cash received from/ paid to shareholders

-36 731

-59 847

Other cash provided/ used by financing activities

-113 493

-14 377

TOTAL NET CASH ASSOCIATED WITH FINANCING ACTIVITIES (C)

-150 224

-74 224

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

434

488

1 587 093 4 403 308

-311 050

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD

4 714 339

Cash and due from banks net balance *

185 258

608 036

Interbank demand net balance**

4 218 050

4 106 303

CASH AND CASH EQUIVALENTS AT END OF PERIOD

5 990 401

4 403 289

Cash and due from banks net balance *

384 360

185 258

Interbank demand net balance**

5 606 041

4 218 031

CHANGE IN NET CASH AND CASH EQUIVALENTS

1 587 093

-311 050

* 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 accrued interest). (1) Restated amounts compared with the financial statements published in 2014, following the application of IFRIC 21

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