Consolidated statement of cash flows
for the year ended 31 December
|
in EUR millions |
Note |
2009 |
2008 |
||
|
OPERATING ACTIVITIES |
|||||
|
Net profit for the year |
44 |
92 |
|||
|
ADJUSTMENTS FOR NON-CASH ITEMS |
|||||
|
Depreciation, amortisation and impairment losses |
141 |
79 |
|||
|
Changes in employee benefits |
(3) |
(3) |
|||
|
Gains less losses from financial assets |
19 |
57 |
|||
|
Share in result of associates |
(5) |
(7) |
|||
|
CHANGES IN OPERATING ASSETS AND LIABILITIES |
|||||
|
Derivative financial instruments |
(9) |
468 |
|||
|
Operating assets |
894 |
1,829 |
|||
|
Operating liabilities |
(1,462) |
171 |
|||
|
Dividends received from associates |
2 |
6 |
|||
|
CASH FLOWS FROM OPERATING ACTIVITIES |
(379) |
2,692 |
|||
|
INVESTING ACTIVITIES |
|||||
|
Proceeds from the sale of property, plant and equipment |
2 |
1 |
|||
|
Acquisition of property, plant and equipment |
(13) |
(37) |
|||
|
Disposal of subsidiaries, associates and joint ventures |
3 |
6 |
|||
|
Acquisition of subsidiaries |
- |
(97) |
|||
|
CASH FLOWS FROM INVESTING ACTIVITIES |
(8) |
(127) |
|||
|
FINANCING ACTIVITIES |
|||||
|
Net increase/(decrease) in own debt securities in issue |
2,779 |
(3,108) |
|||
|
Net increase/(decrease) in subordinated liabilities |
(195) |
(37) |
|||
|
Net increase/(decrease) in debt securities in issue structured |
(657) |
(1,042) |
|||
|
CASH FLOWS FROM FINANCING ACTIVITIES |
1,927 |
(4,187) |
|||
|
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS |
1,540 |
(1,622) |
|||
|
CASH AND CASH EQUIVALENTS AT 1 JANUARY |
1,847 |
3,469 |
|||
|
Net increase/(decrease) in cash and cash equivalents |
1,540 |
(1,622) |
|||
|
CASH AND CASH EQUIVALENTS AT 31 DECEMBER |
3,387 |
1,847 |
|||
|
CASH FLOWS FROM OPERATING ACTIVITIES INCLUDE: |
|||||
|
Taxes paid |
- |
(101) |
|||
|
RECONCILIATION OF CASH AND CASH EQUIVALENTS: |
|||||
|
Cash and balances with central banks |
1,353 |
1,113 |
|||
|
Due from other banks (maturity three months or less) |
2,034 |
734 |
|||
|
3,387 |
1,847 |
