Barclays 2007 Annual Report Download - page 271

3
Financial statements
Barclays PLC Annual Report 2007 269
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 7,107 7,197 5,311
Adjustment for non-cash items:
Allowance for impairment 2,795 2,154 1,571
Depreciation and 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 (1,471) 1,661 1,505
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 91,451 46,944 67,012
Net (increase)/decrease in derivative financial instruments (2,144) 1,196 841
Net (increase) in trading portfolio assets (18,245) (18,333) (42,585)
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 1,296 (1,527) (411)
Net (decrease) in other liabilities (1,056) (1,580) (2,852)
Tax paid (1,583) (2,141) (1,082)
Net cash from operating activities (10,198) 10,057 3,679
Purchase of available for sale investments (26,947) (47,109) (53,626)
Proceeds from sale or redemption of available for sale investments 38,423 46,069 51,114
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
Acquisition 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 used in investing activities 10,016 (1,177) (5,432)
Dividends paid (3,418) (2,373) (2,325)
Proceeds from 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 1,355 585 2,383
Capital injection from Barclays PLC 1,434 ––
Net issues of shares to minority interests 199 226 20
Net cash from financing activities 3,512 565 793
Exchange (loss)/gain on foreign currency cash and cash equivalents (654) 552 (237)
Net increase/(decrease) in cash and cash equivalents 2,676 9,997 (1,197)
Cash and cash equivalents at beginning of year 30,402 20,405 21,602
Cash and cash equivalents at end of year 33,078 30,402 20,405
Cash and cash equivalents comprise:
Cash in hand 5,801 6,795 3,506
Loans and advances to banks 40,120 30,926 31,105
Less: amounts with original maturity greater than three months (19,376) (15,892) (17,987)
20,744 15,034 13,118
Available for sale financial investments 43,256 51,952 53,703
Less: non-cash and amounts with original maturity greater than three months (41,872) (50,933) (53,487)
1,384 1,019 216
Trading portfolio assets 193,726 177,884 155,730
Less: non-cash and amounts with maturity greater than three months (188,591) (170,346) (152,190)
5,135 7,538 3,540
Other 14 16 25
33,078 30,402 20,405
In 2005, the opening cash and cash equivalents balance was adjusted to reflect the adoption of IAS 32 and IAS 39.
Barclays Bank PLC data
Consolidated cash flow statement