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Consolidated Cashflow
Statement for 2017

Download XLS

 

 

 

 

in thousands of EUR

Reference1

2017

2016

 

 

 

 

1

References relate to the notes starting on page 86. These form an integral part of the consolidated annual accounts.

Prior year amounts have been adjusted regarding change of the accounting standard for property for own use from actual cost to historical cost. For further explanation see the general accounting principles.

 

 

 

 

Cashflow from operating activities

 

 

 

Net profit

 

37,395

29,240

Adjustments for:

 

 

 

• depreciation

29

10,776

11,226

• value adjustments to receivables

30

1,841

5,711

• value adjustments to participating interests

7

–1,334

1,485

• value adjustments to participating interests

23

–1,389

• value adjustments and exchange rate differences on property and equipment

9

427

2,534

• movements in provisions

16

1,230

–85

• other movements in accrued and deferred items

 

–14,885

21,995

 

 

 

 

 

 

 

 

Cashflow from business operations

 

34,061

72,106

 

 

 

 

Movement in government paper

2

152,402

34,331

Movement in banks, deposits not on demand

3

137,241

58,136

Movement in loans

4

–891,404

–498,357

Movements in shares

6

45

Movement in banks, liabilities not on demand

12

32,781

–8,216

Movement in funds entrusted

13

697,268

742,056

Other movements from operating activities

 

–1,324

–10,556

 

 

 

 

 

 

 

 

Cashflow from operating activities

 

161,025

389,545

 

 

 

 

Cashflow from investment activities

 

 

 

Investment in interest-bearing securities

5

–244,749

–456,180

Disinvestment in interest-bearing securities

5

562,320

427,362

Investment in participating interests

7

–51

–3,572

Disinvestment in participating interests

7

4,044

Net investments in:

 

 

 

• intangible fixed assets

8

–13,269

–12,639

• property and equipment

9

–22,021

–5,884

 

 

 

 

 

 

 

 

Cashflow from investment activities

 

286,274

–50,913

 

 

 

 

Cashflow from financing activities

 

 

 

Redemption in subordinated liabilities

17

–5,250

Increase in equity

 

76,636

97,308

Payment of cash dividend

 

–4,338

–3,777

Purchases of depository receipts for own shares

 

 

 

 

 

 

 

 

 

Cashflow from financing activities

 

72,298

88,281

 

 

 

 

 

 

 

 

Net cashflow

 

519,597

426,913

 

 

 

 

Cash and cash equivalents at beginning of the year

 

1,011,475

584,562

 

 

 

 

 

 

 

 

Cash and cash equivalents at the end of the year

 

1,531,072

1,011,475

On demand deposits with central banks

1

1,365,729

732,219

On demand deposits with banks

3

165,343

279,256

 

 

 

 

 

 

 

 

Cash and cash equivalents at the end of the year

 

1,531,072

1,011,475

 

 

 

 

Supplementary disclosure of the cashflow from operating activities

 

 

Interest paid

 

–28,885

–34,737

Interest received

 

182,796

176,878

Tax on profit paid

 

–12,852

–14,397

Dividend received from investments

 

186

179