Barclays 2014 Annual Report Download - page 261

barclays.com/annualreport Barclays PLC Annual Report 2014 I 259
Consolidated financial statements
For the year ended 31 December 2014
£m
2013
£m
2012
£m
Continuing operations
Reconciliation of profit before tax to net cash flows from operating activities:
Profit before tax 2,256 2,868 797
Adjustment for non-cash items:
Allowance for impairment 2,168 3,071 3,340
Depreciation, amortisation and impairment of property, plant, equipment and intangibles 1,279 1,274 1,119
Other provisions, including pensions 3,600 3,674 3,080
Net profit on disposal of investments and property, plant and equipment (619) (145) (679)
Other non-cash movements (808) (1,293) 5,565
Changes in operating assets and liabilities
Net decrease/(increase) in loans and advances to banks and customers 3,684 (3,915) 558
Net decrease/(increase) in reverse repurchase agreements and other similar lending 55,021 (10,264) (23,492)
Net (decrease) in deposits and debt securities in issue (2,113) (13,392) (4,201)
Net (decrease)/increase in repurchase agreements and other similar borrowing (72,269) (20,430) 9,886
Net decrease in derivative financial instruments 2,593 971 5,587
Net decrease in trading assets 18,368 13,443 6,896
Net (decrease)/increase in trading liabilities (8,340) 8,670 (973)
Net (increase) in financial investments (7,156) (6,114) (18,764)
Net (increase)/decrease in other assets (14,694) 128 535
Net decrease/(increase) in other liabilities 8,141 (1,930) (1,354)
Corporate income tax paid (1,552) (1,558) (1,516)
Net cash from operating activities (10,441) (24,942) (13,616)
Purchase of available for sale investments (108,645) (92,015) (80,797)
Proceeds from sale or redemption of available for sale investments 120,843 69,473 73,773
Purchase of property, plant and equipment (657) (736) (604)
Other cash flows associated with investing activities (886) 633 531
Net cash from investing activities 10,655 (22,645) (7,097)
Dividends paid (1,688) (1,672) (1,427)
Proceeds of borrowings and issuance of subordinated debt 826 700 2,258
Repayments of borrowings and redemption of subordinated debt (1,100) (1,425) (2,680)
Net issue of shares and other equity instruments 559 9,473 97
Net purchase of treasury shares (909) (1,066) (979)
Net redemption of shares issued to non-controlling interests (746) (100) (111)
Net cash from financing activities (3,058) 5,910 (2,842)
Effect of exchange rates on cash and cash equivalents (431) 198 (4,111)
Net decrease in cash and cash equivalents (3,275) (41,479) (27,666)
Effect of IFRS10 on opening balance – – 96
Cash and cash equivalents at beginning of year 81,754 123,233 150,803
Cash and cash equivalents at end of year 78,479 81,754 123,233
Cash and cash equivalents comprise:
Cash and balances at central banks 39,695 45,687 86,191
Loans and advances to banks with original maturity less than three months 36,282 35,259 34,810
Available for sale treasury and other eligible bills with original maturity less than three months 2,322 644 2,228
Trading portfolio assets with original maturity less than three months 180 164 4
78,479 81,754 123,233
Interest received was £22,384m (2013: £23,387m, 2012: £24,390) and interest paid was £9,251m (2013: £10,709m, 2012: £16,701m).
The Group is required to maintain balances with central banks and other regulatory authorities and these amounted to £4,448m (2013: £4,722m,
2012: £5,169m).
For the purposes of the cash flow statement, cash comprises cash on hand and demand deposits, and cash equivalents comprise highly liquid
investments that are convertible into cash with an insignificant risk of changes in value with original maturities of three months or less.
Repurchase and reverse repurchase agreements are not considered to be part of cash equivalents.
Consolidated cash flow statement
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