Barclays 2010 Annual Report Download - page 193

Consolidated financial statements
Consolidated cash flow statement
Note
a Other non-cash movements principally comprise movements in exchange rates less
subordinated debt hedging.
For the year ended 31st December 2010
£m
2009
£m
2008
£m
Continuing operations
Reconciliation of profit before tax to net cash flows from operating activities:
Profit before tax 6,065 4,585 5,136
Adjustment for non-cash items:
Allowance for impairment 5,672 8,071 5,419
Depreciation, amortisation and impairment of property, plant, equipment and intangibles 1,346 1,196 885
Other provisions, including pensions 914 428 804
Net profit on disposal of investments and property, plant and equipment (1,057) (383) (371)
Net profit from disposal of subsidiaries (77) (191) (327)
Net gains on acquisitions (129) (26) (2,406)
Other non-cash movementsa (5,698) 4,542 946
Changes in Operating assets and Liabilities
Net (increase)/decrease in loans and advances to banks and customers (63,212) 25,482 (58,431)
Net increase/(decrease) in deposits and debt securities in issue 63,711 (49,203) 77,743
Net (increase)/decrease in derivative financial instruments (1,298) 3,321 (17,529)
Net (increase)/decrease in trading assets (17,505) 34,334 26,919
Net increase/(decrease) in trading liabilities 21,441 (8,222) (5,928)
Net decrease in financial investments 11,126 20,459 5,229
Net decrease/(increase) in other assets 1,366 (465) (3,016)
Net decrease in other liabilities (2,521) (907) (477)
Corporate income tax paid (1,458) (1,177) (1,404)
Net Cash from Operating activities 18,686 41,844 33,192
Purchase of available for sale investments (76,418) (78,420) (57,756)
Proceeds from sale or redemption of available for sale investments 71,251 88,559 51,429
Net addition of intangible assets (217) (226) (666)
Purchase of property, plant and equipment (1,767) (1,150) (1,643)
Proceeds from sale of property, plant and equipment 556 372 799
Acquisitions of subsidiaries, net of cash acquired 886 (28) (961)
Disposal of subsidiaries, net of cash disposed 81 339 238
Disposal of discontinued operation, net of cash disposed –2,469 –
Other cash flows associated with investing activities 1(27) (102)
Net Cash from investing activities (5,627) 11,888 (8,662)
Dividends paid (1,307) (633) (2,697)
Proceeds of borrowings and issuance of debt securities 2,131 3,549 5,763
Repayments of borrowings and redemption of debt securities (1,211) (4,383) (1,207)
Net issue of shares and other equity instruments 1,535 773 9,505
Repurchase of shares and other equity instruments –– (173)
Net (purchase)/disposal of treasury shares (989) 33 87
Net issue of shares to non-controlling interests –– 1,356
Net Cash from financing activities 159 (661) 12,634
Effect of exchange rates on cash and cash equivalents 3,842 (2,864) (6,018)
Net cash from discontinued operations –(376) 286
Net increase in cash and cash equivalents 17,060 49,831 31,432
Cash and cash equivalents at beginning of year 114,340 64,509 33,077
Cash and cash equivalents at end of year 131,400 114,340 64,509
Cash and cash equivalents comprise:
Cash and balances at central banks 97,630 81,483 30,019
Loans and advances to banks with original maturity less than three months 31,934 30,461 32,279
Available for sale treasury and other eligible bills with original maturity less than three months 1,667 2,244 2,100
Trading portfolio assets with original maturity less than three months 169 152 111
131,400 114,340 64,509
Interest received in 2010 was £28,631m (2009: £32,437m, 2008: £41,017m) and interest paid in 2010 was £20,759m (2009: £20,889m, 2008: £38,975m).
The Group is required to maintain balances with central banks and other regulatory authorities and these amounted to £2,310m at 31st December 2010
(2009: £2,470m, 2008: £1,050m).
Barclays PLC Annual Report 2010 www.barclays.com/annualreport10 191
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