FINANCIAL REPORT 2017

1.6. STATEMENTOF CASH FLOWS

31.12.2017

31.12.2016

(in thousands of euros)

PRE-TAX INCOME

202622

157100

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

35740

37197

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

1212

-33

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

-169

-466

Net income from financing activities

22762

10368

Other movements

19529

72743

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

79074

119808

Change in interbank items

299367

3576356

Change in customer items

5400870

2836318

Change in financial assets and liabilities

-1322527

397613

Change in non-financial assets or liabilities

114221

-55267

Dividends received from equity-accounted entities Tax paid

-25756

-34022

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

4466175

6720998

4747871

6997906

Change in equity investments

-731

9123

Change in property, plant & equipment and intangible assets

-28442

-30237

TOTAL NET CASH ASSOCIATED WITH INVESTMENT ACTIVITIES (B)

-29173

-21114

Cash received from/ paid to shareholders

106687

0

Other cash provided/ used by financing activities

79831

-10355

TOTAL NET CASH ASSOCIATED WITH FINANCING ACTIVITIES (C)

186518

-10355

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

-930

18610

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

4904286 12975448

6985047 5990401

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD

Cash and due from banks net balance *

1168109

384360

Interbank demand net balance**

11807339

5606041

CASH AND CASH EQUIVALENTS AT END OF PERIOD

17879738

12975448

Cash and due from banks net balance *

1088828

1168109

Interbank demand net balance**

16790910

11807339

CHANGE IN NET CASH AND CASH EQUIVALENTS

4904290

6985047

* 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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