FINANCIAL REPORT 2016

1.6. STATEMENTOF CASH FLOWS

31.12.2016

31.12.2015

(in thousands of euros)

PRE-TAX INCOME

157100

164933

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

37197

37343

Impairment of goodwill and other fixed assets Net charge to depreciation, amortisation and impairment

-33

1952

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

-466

117

Net income from financing activities

10368

11394

Other movements

72743

-1349

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

119808

49457

Change in interbank items

3576356

3418761

Change in customer items

2836318

595922

Change in financial assets and liabilities

397613

-2341008

Change in non-financial assets or liabilities

-55267

-81273

Dividends received from equity-accounted entities Tax paid

-34022

-34780

NET DECREASE/INCREASE IN ASSETS AND LIABILITIES USED IN OPERATING ACTIVITIES TOTAL NET CASH GENERATED BY OPERATING ACTIVITIES (A)

6720998

1557622

6997906

1772012

Change in equity investments

9123

-799

Change in property, plant & equipment and intangible assets

-30237

-34330

TOTAL NET CASH ASSOCIATED WITH INVESTMENT ACTIVITIES (B)

-21114

-35129

Cash received from/ paid to shareholders

0

-36731

Other cash provided/ used by financing activities

-10355

-113493

TOTAL NET CASH ASSOCIATED WITH FINANCING ACTIVITIES (C)

-10355

-150224

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (D)

18610

434

NET INCREASE/ DECREASE IN CASH AND CASH EQUIVALENTS (A+B+C+D)

6985047 5990401

1587093 4403308

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD

Cash and due from banks net balance *

384360

185258

Interbank demand net balance**

5606041

4218050

CASH AND CASH EQUIVALENTS AT END OF PERIOD

12975448

5990401

Cash and due from banks net balance *

1168109

384360

Interbank demand net balance**

11807339

5606041

CHANGE IN NET CASH AND CASH EQUIVALENTS

6985047

1587093

* 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).

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