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Consolidated Cashflow Statement for 2015

Download XLS

 

 

 

in thousands of EUR

2015

2014

 

 

 

 

 

 

Cashflow from operating activities

 

 

Net profit

40,727

30,125

Adjustments for:

 

 

• depreciation

7,823

7,160

• value adjustments to receivables

7,579

11,093

• value adjustments to participating interests

–210

–181

• exchange rate differences on property and equipment

180

–196

• movements in provisions

2,061

367

• other movements in accrued and deferred items

–12,352

–7,253

 

 

 

 

 

 

Cashflow from business operations

45,808

41,115

 

 

 

Movement in government paper

–4,451

–160,782

Movement in banks, deposits not on demand

144,882

–137,111

Movement in loans

–956,947

–732,701

Movements in shares

–61

Movement in banks, liabilities not on demand

–14,829

–7,478

Movement in funds entrusted

993,736

638,725

Other movements from operating activities

–3,410

1,984

 

 

 

 

 

 

Cashflow from operating activities

204,728

–356,248

 

 

 

Cashflow from investment activities

 

 

Investment in interest-bearing securities

–1,041,277

–1,066,526

Desinvestment in interest-bearing securities

1,061,934

580,081

Investment in participating interests

–4,208

–123

Desinvestment in participating interests

Net investments in:

 

 

• intangible fixed assets

–8,598

–4,231

• property and equipment

–23,192

–5,020

 

 

 

 

 

 

Cashflow from investment activities

-15,341

-495,819

 

 

 

Cashflow from financing activities

 

 

Redemption in subordinated liabilities

–50

Increase in equity

39,621

23,029

Payment of cash dividend

–4,117

–4,354

Purchases of depository receipts for own shares

–6

3

 

 

 

 

 

 

Cashflow from financing activities

35,498

18,628

 

 

 

 

 

 

Net cashflow

224,885

–833,439

 

 

 

Cash and cash equivalents at beginning of the year

359,677

1,193,116

 

 

 

 

 

 

Cash and cash equivalents at the end of the year

584,562

359,677

On demand deposits with central banks

285,819

175,225

On demand deposits with banks

298,743

184,452

 

 

 

 

 

 

Cash and cash equivalents at the end of the year

584,562

359,677

 

 

 

Supplementary disclosure of the cashflow from operating activities

 

 

Interest paid

–41,225

–48,347

Interest received

185,448

168,765

Tax on profit paid

–15,054

–9,365

Dividend received from investments

101

109