Barclays 2009 Annual Report Download - page 210

208 Barclays PLC Annual Report 2009 www.barclays.com/annualreport09
Consolidated accounts Barclays PLC
Consolidated cash flow statement
Note
aOther non-cash movements principally comprise movements in exchange rates and the fair value of available for sale investments less subordinated debt hedging.
For the year ended 31st December 2009 2008 2007
£m £m £m
Continuing operations
Reconciliation of profit before tax to net cash flows from operating activities:
Profit before tax 4,585 5,136 6,223
Adjustment for non-cash items:
Allowance for impairment 8,071 5,419 2,795
Depreciation, amortisation and impairment of property, plant, equipment and intangibles 1,196 885 651
Other provisions, including pensions 428 804 753
Net profit from associates and joint ventures (34) (14) (42)
Net profit on disposal of investments and property, plant and equipment (383) (371) (862)
Net profit from disposal of associates and joint ventures 3– (26)
Net profit from disposal of subsidiaries (191) (327) (2)
Net gains on acquisitions (26) (2,406) –
Other non-cash movementsa4,573 960 (1,181)
Changes in operating assets and liabilities:
Net decrease/(increase) in loans and advances to banks and customers 25,482 (58,431) (77,987)
Net (decrease)/increase in deposits and debt securities in issue (49,203) 77,743 90,589
Net decrease/(increase) in derivative financial instruments 3,321 (17,529) (2,144)
Net decrease/(increase) in trading assets 34,334 26,919 (18,227)
Net decrease in trading liabilities (8,222) (5,928) (6,472)
Net increase/(decrease) in financial investments 20,459 5,229 (4,379)
Net (increase)/decrease in other assets (465) (3,016) 1,116
Net decrease in other liabilities (907) (477) (1,071)
Tax paid (1,177) (1,404) (1,254)
Net cash from operating activities 41,844 33,192 (11,520)
Purchase of available for sale investments (78,420) (57,756) (26,899)
Proceeds from sale or redemption of available for sale investments 88,559 51,429 38,423
Net addition of intangible assets (226) (666) (227)
Purchase of property, plant and equipment (1,150) (1,643) (1,182)
Proceeds from sale of property, plant and equipment 372 799 617
Acquisitions of subsidiaries, net of cash acquired (28) (961) (270)
Disposal of subsidiaries, net of cash disposed 339 238 383
Disposal of discontinued operation, net of cash disposed 2,469 ––
Increase in investment in subsidiaries –(157) (668)
Decrease in investment in subsidiaries –19 57
Acquisition of associates and joint ventures (81) (96) (220)
Disposal of associates and joint ventures 69 137 145
Other cash flows associated with investing activities (15) (5) 153
Net cash from investing activities 11,888 (8,662) 10,312
Dividends paid (633) (2,697) (2,151)
Proceeds of borrowings and issuance of debt securities 3,549 5,763 4,646
Repayments of borrowings and redemption of debt securities (4,383) (1,207) (683)
Net issue of shares and other equity instruments 773 9,505 2,494
Repurchase of shares and other equity instruments –(173) (1,802)
Net disposal/(purchase) of treasury shares 33 87 (48)
Net issue of shares to non-controlling interests –1,356 1,331
Net cash from financing activities (661) 12,634 3,787
Effect of exchange rates on cash and cash equivalents (2,864) (6,018) (537)
Net cash from discontinued operations (376) 286 83
Net increase in cash and cash equivalents 49,831 31,432 2,125
Cash and cash equivalents at beginning of year 64,509 33,077 30,952
Cash and cash equivalents at end of year 114, 340 64,509 33,077
Cash and cash equivalents comprise:
Cash and balances at central banks 81,483 30,019 5,801
Loans and advances to banks 41,135 47,707 40,120
Less: non-cash and amounts with original maturity greater than three months (10,674) (15,428) (19,377)
30,461 32,279 20,743
Available for sale treasury and other eligible bills 56,483 64,976 43,072
Less: non-cash and amounts with original maturity greater than three months (54,239) (62,876) (41,688)
2,244 2,100 1,384
Trading portfolio assets 151,344 185,637 193,691
Less: non-cash and amounts with original maturity greater than three months (151,192) (185,526) (188,556)
152 111 5,135
Other ––14
114,340 64,509 33,077
Interest received in 2009 was £32,437m (2008: £41,017m, 2007: £49,441m) and interest paid in 2009 was £20,889m (2008: £38,975m, 2007: £37,821m).
The Group is required to maintain balances with central banks and other regulatory authorities and these amounted to £2,470m at 31st December 2009
(2008: £1,050m).