Barclays 2006 Annual Report Download - page 285

Barclays PLC
Annual Report 2006 281
Financial statements
3
Consolidated cash flow statement
For the year ended 31st December
2006 2005 2004
£m £m £m
Reconciliation of profit before tax to net cash flows from operating activities:
Profit before tax 7,197 5,311 4,589
Adjustment for non-cash items:
Allowance for impairment 2,154 1,571 1,093
Depreciation and amortisation and impairment of intangibles 612 450 328
Other provisions, including pensions 558 654 703
Net profit from associates and joint ventures (46) (45) (56)
Net profit on disposal of investments and property, plant and equipment (778) (530) (211)
Net profit from disposal of associates and joint ventures (263) – (45)
Net profit from disposal of subsidiaries (60) ––
Other non-cash movements 1,661 1,505 (1,194)
Changes in operating assets and liabilities:
Net increase in loans and advances to banks and customers (27,385) (63,177) (42,763)
Net increase in deposits and debt securities in issue 46,944 67,012 71,711
Net decrease in derivative financial instruments 1,196 841 –
Net increase in trading portfolio assets (18,333) (42,585) (28,686)
Net increase in trading liabilities 310 9,888 6,925
Net decrease in financial investments 1,538 27,129 –
Net increase in other assets (1,527) (411) (1,471)
Net decrease in other liabilities (1,580) (2,852) (742)
Tax paid (2,141) (1,082) (690)
Net cash from operating activities 10,057 3,679 9,491
Purchase of available for sale investments (47,109) (53,626) (47,555)
Proceeds from sale or redemption of available for sale investments 46,069 51,114 41,163
Purchase of intangible assets (212) (91) (64)
Purchase of property, plant and equipment (654) (588) (532)
Proceeds from sale of property, plant and equipment 786 98 125
Acquisition of subsidiaries, net of cash acquired (248) (2,115) (211)
Disposal of subsidiaries, net of cash disposed (15) ––
Increase in investment in subsidiaries (432) (160) (58)
Decrease in investment in subsidiaries 44 49 70
Acquisition of associates and joint ventures (162) (176) (21)
Disposal of associates and joint ventures 739 40 47
Other cash flows associated with investing activities 17 23 15
Net cash used in investing activities (1,177) (5,432) (7,021)
Dividends paid (2,373) (2,325) (2,158)
Proceeds from borrowings and issuance of debt securities 2,493 1,179 666
Repayments of borrowings and redemption of debt securities (366) (464) (611)
Issue of shares and other equity instruments 585 2,383 749
Net issues of shares to minority interests 226 20 17
Net cash from financing activities 565 793 (1,337)
Exchange loss/(gain) on foreign currency cash and cash equivalents 552 (237) (470)
Net increase/(decrease) in cash and cash equivalents 9,997 (1,197) 663
Cash and cash equivalents at beginning of year 20,405 21,602 13,854
Cash and cash equivalents at end of year 30,402 20,405 14,517
Cash and cash equivalents comprise:
Cash in hand 6,795 3,506 1,753
Loans and advances to banks 30,926 31,105 80,632
Less: amounts with original maturity greater than three months (15,892) (17,987) (71,180)
15,034 13,118 9,452
Available for sale financial investments 51,952 53,703 –
Less: non-cash and amounts with original maturity greater than three months (50,933) (53,487) –
1,019 216 –
Trading portfolio assets 177,884 155,730 –
Less: non-cash and amounts with maturity greater than three months (170,346) (152,190) –
7,538 3,540 –
Other 16 25 3,312
30,402 20,405 14,517
In 2005, the opening cash and cash equivalents balance has been adjusted to reflect the adoption of IAS 32 and IAS 39.
Barclays Bank PLC data
Consolidated cash flow statement