Barclays 2007 Annual Report Download - page 181

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Financial statements
Consolidated accounts Barclays PLC
Consolidated cash flow statement
Barclays PLC Annual Report 2007 179
Consolidated cash flow statement
For the year ended 31st December
2007 2006 2005
£m £m £m
Reconciliation of profit before tax to net cash flows from operating activities:
Profit before tax 7,076 7,136 5,280
Adjustment for non-cash items:
Allowance for impairment 2,795 2,154 1,571
Depreciation, amortisation and impairment of property, plant, equipment and intangibles 669 612 450
Other provisions, including pensions 753 558 654
Net profit from associates and joint ventures (42) (46) (45)
Net profit on disposal of investments and property, plant and equipment (862) (778) (530)
Net profit from disposal of associates and joint ventures (26) (263) –
Net profit from disposal of subsidiaries (2) (60) –
Other non-cash movements (1,133) 1,702 1,475
Changes in operating assets and liabilities:
Net increase in loans and advances to banks and customers (77,987) (27,385) (63,177)
Net increase in deposits and debt securities in issue 90,589 46,944 67,012
Net (increase)/decrease in derivative financial instruments (2,144) 1,196 841
Net increase in trading portfolio assets (18,227) (18,323) (42,589)
Net (decrease)/increase in trading liabilities (6,472) 310 9,888
Net (increase)/decrease in financial investments (4,379) 1,538 27,129
Net (increase)/decrease in other assets 1,299 (1,527) (410)
Net decrease in other liabilities (1,071) (1,580) (2,818)
Tax paid (1,583) (2,141) (1,082)
Net cash (used in)/from operating activities (10,747) 10,047 3,649
Purchase of available for sale investments (26,899) (47,086) (53,483)
Proceeds from sale or redemption of available for sale investments 38,423 46,069 51,111
Purchase of intangible assets (263) (212) (91)
Purchase of property, plant and equipment (1,241) (654) (588)
Proceeds from sale of property, plant and equipment 617 786 98
Acquisitions of subsidiaries, net of cash acquired (270) (248) (2,115)
Disposal of subsidiaries, net of cash disposed 383 (15) –
Increase in investment in subsidiaries (668) (432) (160)
Decrease in investment in subsidiaries 57 44 49
Acquisition of associates and joint ventures (220) (162) (176)
Disposal of associates and joint ventures 145 739 40
Other cash flows associated with investing activities –17 23
Net cash from/(used in) investing activities 10,064 (1,154) (5,292)
Dividends paid (2,559) (2,215) (1,894)
Proceeds of borrowings and issuance of debt securities 4,625 2,493 1,179
Repayments of borrowings and redemption of debt securities (683) (366) (464)
Issue of shares and other equity instruments 2,494 179 135
Repurchase of shares and other equity instruments (1,802) ––
Net purchase of treasury shares (48) (31) (140)
Net issue of shares to minority interests 1,331 632 2,267
Net cash from financing activities 3,358 692 1,083
Exchange (loss)/gain on foreign currency cash and cash equivalents (550) 562 (237)
Net increase/(decrease) in cash and cash equivalents 2,125 10,147 (797)
Cash and cash equivalents at beginning of year 30,952 20,805 21,602
Cash and cash equivalents at end of year 33,077 30,952 20,805
Cash and cash equivalents comprise:
Cash and balances at central banks 5,801 7,345 3,906
Loans and advances to banks 40,120 30,926 31,105
Less: amounts with original maturity greater than three months (19,377) (15,892) (17,987)
20,743 15,034 13,118
Available for sale treasury and other eligible bills 43,072 51,703 53,497
Less: non-cash and amounts with original maturity greater than three months (41,688) (50,684) (53,281)
1,384 1,019 216
Trading portfolio assets 193,691 177,867 155,723
Less: non-cash and amounts with original maturity greater than three months (188,556) (170,329) (152,183)
5,135 7,538 3,540
Other 14 16 25
33,077 30,952 20,805
In 2005 the opening cash and cash equivalents balance was adjusted to reflect the adoption of IAS 32 and IAS 39.
The accompanying notes form an integral part of the Consolidated accounts.
Interest received in 2007 was £49,441m (2006: £38,544m, 2005: £32,124m) and interest paid in 2007 was £37,821m (2006: £29,372m, 2005: £23,319m).
The Group is required to maintain balances with central banks and other regulatory authorities and these amounted to £1,037m at 31st December 2007
(2006: £1,262m).