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Consolidated Cashflow Statement for 2016

Download XLS

 

 

 

 

in thousands of EUR

Reference1

2016

2015

 

 

 

 

1

References relate to the notes starting on page 81. These form an integral part of the consolidated annual accounts.

 

 

 

 

Cashflow from operating activities

 

 

 

Net profit

 

29,324

40,727

Adjustments for:

 

 

 

• depreciation

29

11,108

7,823

• value adjustments to receivables

30

5,711

7,579

• value adjustments to participating interests

7

1,485

–210

• exchange rate differences on property and equipment

9

2,512

180

• movements in provisions

16

–85

2,061

• other movements in accrued and deferred items

 

22,063

–12,352

 

 

 

 

 

 

 

 

Cashflow from business operations

 

72,118

45,808

 

 

 

 

Movement in government paper

2

34,331

–4,451

Movement in banks, deposits not on demand

3

58,136

144,882

Movement in loans

4

–498,357

–956,947

Movements in shares

6

45

–61

Movement in banks, liabilities not on demand

12

–8,216

–14,829

Movement in funds entrusted

13

742,056

993,736

Other movements from operating activities

 

–10,568

–3,410

 

 

 

 

 

 

 

 

Cashflow from operating activities

 

389,545

204,728

 

 

 

 

Cashflow from investment activities

 

 

 

Investment in interest-bearing securities

5

–456,180

–1,041,277

Disinvestment in interest-bearing securities

5

427,362

1,061,934

Investment in participating interests

7

–3,572

–4,208

Disinvestment in participating interests

7

Net investments in:

 

 

 

• intangible fixed assets

8

–12,639

–8,598

• property and equipment

9

–5,884

–23,192

 

 

 

 

 

 

 

 

Cashflow from investment activities

 

–50,913

–15,341

 

 

 

 

Cashflow from financing activities

 

 

 

Redemption in subordinated liabilities

17

–5,250

Increase in equity

 

97,308

39,621

Payment of cash dividend

 

–3,777

–4,117

Purchases of depository receipts for own shares

 

–6

 

 

 

 

 

 

 

 

Cashflow from financing activities

 

88,281

35,498

 

 

 

 

 

 

 

 

Net cashflow

 

426,913

224,885

 

 

 

 

Cash and cash equivalents at beginning of the year

 

584,562

359,677

 

 

 

 

 

 

 

 

Cash and cash equivalents at the end of the year

 

1,011,475

584,562

On demand deposits with central banks

1

732,219

285,819

On demand deposits with banks

3

279,256

298,743

 

 

 

 

 

 

 

 

Cash and cash equivalents at the end of the year

 

1,011,475

584,562

 

 

 

 

Supplementary disclosure of the cashflow from operating activities

 

 

Interest paid

 

–34,737

–41,225

Interest received

 

176,878

185,448

Tax on profit paid

 

–14,397

–15,054

Dividend received from investments

 

179

101