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Consolidated cashflow statement

for 2014

Download XLS

Amounts in thousands of EUR

2014

2013

 

 

 

Cashflow from operating activities

 

 

Net profit

30,125

25,683

Adjustments for:

 

 

• depreciation

7,160

6,356

• value adjustments to receivables

11,093

17,061

• value adjustments to participating interests

–181

–207

• exchange rate differences on property and equipment

–196

2,074

• movements in provisions

367

335

• other movements in accrued and deferred items

–7,253

–14,746

 

 

 

 

 

 

Cashflow from business operations

41,115

36,556

 

 

 

Movement in government paper

–160,782

–48,000

Movement in banks, deposits not on demand

–137,111

63,866

Movement in loans

–732,701

–276,418

Movements in shares

Movement in banks, liabilities not on demand

–7,478

–694

Movement in funds entrusted

638,725

1,056,602

Other movements from operating activities

1,984

10,516

 

 

 

 

 

 

Cashflow from operating activities

–356,248

842,428

 

 

 

Cashflow from investment activities

 

 

Net investments in:

 

 

• interest-bearing securities

–486,445

–327,650

• participating interests

–123

–213

• intangible fixed assets

–4,231

–2,218

• property and equipment

–5,020

–6,000

 

 

 

 

 

 

Cashflow from investment activities

–495,819

–336,081

 

 

 

Cashflow from financing activities

 

 

Movement in subordinated liabilities

–50

Increase in equity

23,029

68,077

Payment of cash dividend

–4,354

–4,914

Purchases of depository receipts for own shares

3

–12

 

 

 

 

 

 

Cashflow from financing activities

18,628

63,151

 

 

 

 

 

 

Net cashflow

–833,439

569,498

 

 

 

Cash and cash equivalents at beginning of the year

1,193,116

623,618

 

 

 

 

 

 

Cash and cash equivalents at the end of the year

359,677

1,193,116

On demand deposits with central banks

175,225

895,755

On demand deposits with banks

184,452

297,361

 

 

 

 

 

 

Cash and cash equivalents at the end of the year

359,677

1,193,116

 

 

 

Supplementary disclosure of the cashflow from operating activities

 

 

Interest paid

–48,347

–52,151

Interest received

168,765

162,038

Tax on profit paid

–9,365

–11,425

Dividend received from investments

109

120