Barclays 2008 Annual Report Download - page 305

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Financial statements
Barclays PLC Annual Report 2008 303
Barclays Bank PLC data
Consolidated cash flow statement
For the yearended 31st December
2008 2007 2006
£m£m £m
Reconciliation ofprofitbeforetax to netcash flows from operating activities:
Profitbeforetax 6,035 7,107 7,197
Adjustment for non-cash items:
Allowance for impairment 5,419 2,795 2,154
Depreciation and amortisation and impairment of property,plant,equipment and intangibles 951 669 612
Other provisions,including pensions 804 753 558
Net profit from associates and joint ventures (14) (42) (46)
Net profit on disposal of investments and property,plant and equipment (371) (862) (778)
Net profit from disposal of associates and joint ventures –(26) (263)
Net profit from disposal of subsidiaries (327) (2) (60)
Net gains on acquisitions (2,406) ––
Other non-cash movements 830 (1,471) 1,661
Changes in operating assets and liabilities:
Net increase in loans and advances to banks and customers (58,432) (77,987) (27,385)
Net increase in deposits and debt securities in issue 76,886 91,451 46,944
Net (increase)/decrease in derivative financial instruments (17,529) (2,144) 1,196
Net decrease/(increase)in trading portfolio assets 26,945 (18,245) (18,333)
Net (decrease)/increase in trading liabilities (5,928) (6,472) 310
Net decrease/(increase)in financial investments 5,229 (4,379) 1,538
Net (increase)/decrease in other assets (3,005) 1,296 (1,527)
Net decrease in other liabilities (492) (1,056) (1,580)
Tax paid (1,725) (1,583) (2,141)
Net cash from operating activities 32,870 (10,198) 10,057
Purchase of available for sale financial investments (57,756) (26,947) (47,109)
Proceeds from sale or redemption of available for sale financial investments 51,429 38,423 46,069
Purchase of intangible assets (687) (263) (212)
Purchase of property,plant and equipment (1,720) (1,241) (654)
Proceeds from sale of property,plant and equipment 799 617 786
Acquisition of subsidiaries,net of cash acquired (961) (270) (248)
Disposal of subsidiaries,net of cash disposed 238 383 (15)
Increase in investment in subsidiaries (157) (668) (432)
Decrease in investment in subsidiaries 19 57 44
Acquisition of associates and joint ventures (96) (220) (162)
Disposal of associates and joint ventures 137 145 739
Other cash flows associated with investing activities ––17
Net cash from investing activities (8,755) 10,016 (1,177)
Dividends paid (1,796) (3,418) (2,373)
Proceeds from borrowings and issuance of debt securities 9,645 4,625 2,493
Repayments of borrowings and redemption of debt securities (1,207) (683) (366)
Net issue of shares and other equity instruments 1,327 1,355 585
Capital injection from Barclays PLC 5,137 1,434 –
Net issues of shares to minority interests 11 199 226
Net cash from financing activities 13,117 3,512 565
Effect of exchange rates on cash and cash equivalents (5,801) (654) 552
Net increase in cash and cash equivalents 31,431 2,676 9,997
Cash and cash equivalents at beginning of year 33,078 30,402 20,405
Cash and cash equivalents at end of year 64,509 33,078 30,402
Cash and cash equivalents comprise:
Cash and balances at central banks 30,019 5,801 6,795
Loans and advances to banks 47,707 40,120 30,926
Less:non-cash amounts and amounts with original maturity greater than three months (15,428) (19,376) (15,892)
32,279 20,744 15,034
Available for sale treasury and other eligible bills 65,016 43,256 51,952
Less:non-cash and amounts with original maturity greater than three months (62,916) (41,872) (50,933)
2,100 1,384 1,019
Trading portfolio assets 185,646 193,726 177,884
Less:non-cash and amounts with maturity greater than three months (185,535) (188,591) (170,346)
111 5,135 7,538
Other –14 16
64,509 33,078 30,402