Barclays 2009 Annual Report Download - page 316

314 Barclays PLC Annual Report 2009 www.barclays.com/annualreport09
Barclays Bank PLC data
Consolidated cash flow statement
For the year ended 31st December 2009 2008 2007
£m £m £m
Continuing operations
Reconciliation of profit before tax to net cash flows from operating activities:
Profit before tax 4,559 5,094 6,254
Adjustment for non-cash items:
Allowance for impairment 8,071 5,419 2,795
Depreciation and amortisation and impairment of property, plant, equipment and intangibles 1,196 885 651
Other provisions, including pensions 428 804 753
Net profit from associates and joint ventures (34) (14) (42)
Net profit on disposal of investments and property, plant and equipment (610) (371) (862)
Net profit from disposal of associates and joint ventures 3– (26)
Net profit from disposal of subsidiaries (191) (327) (2)
Net gains on acquisitions (26) (2,406) –
Other non-cash movements 4,255 994 (1,519)
Changes in operating assets and liabilities:
Net decrease/(increase) in loans and advances to banks and customers 25,482 (58,432) (77,987)
Net (decrease)/increase in deposits and debt securities in issue (49,014) 76,886 91,451
Net decrease/(increase) in derivative financial instruments 3,321 (17,529) (2,144)
Net decrease/(increase) in trading assets 34,292 26,945 (18,245)
Net decrease in trading liabilities (8,222) (5,928) (6,472)
Net increase/(decrease) in financial investments 20,459 5,229 (4,379)
Net (increase)/decrease in other assets (465) (3,013) 1,113
Net decrease in other liabilities (907) (492) (1,056)
Tax paid (1,176) (1,398) (1,254)
Net cash from operating activities 41,421 32,346 (10,971)
Purchase of available for sale financial investments (78,420) (57,756) (26,947)
Proceeds from sale or redemption of available for sale financial investments 88,931 51,429 38,423
Net addition of intangible assets (226) (666) (227)
Purchase of property, plant and equipment (1,150) (1,643) (1,182)
Proceeds from sale of property, plant and equipment 372 799 617
Acquisition of subsidiaries, net of cash acquired (28) (961) (270)
Disposal of subsidiaries, net of cash disposed 339 238 383
Disposal of discontinued operation, net of cash acquired 2,469 ––
Increase in investment in subsidiaries –(157) (668)
Decrease in investment in subsidiaries –19 57
Acquisition of associates and joint ventures (81) (96) (220)
Disposal of associates and joint ventures 69 137 145
Other cash flows associated with investing activities (15) (5) 153
Net cash from investing activities 12,260 (8,662) 10,264
Dividends paid (590) (1,446) (3,010)
Proceeds from borrowings and issuance of debt securities 3,549 9,645 4,646
Repayments of borrowings and redemption of debt securities (4,383) (1,207) (683)
Net issue of shares and other equity instruments 14 1,339 1,355
Capital injection from Barclays PLC 800 5,137 1,434
Net issues of shares to non-controlling interests –11 199
Net cash from financing activities (610) 13,479 3,941
Effect of exchange rates on cash and cash equivalents (2,864) (6,018) (641)
Net cash from discontinued operations (376) 286 83
Net increase in cash and cash equivalents 49,831 31,431 2,676
Cash and cash equivalents at beginning of year 64,509 33,078 30,402
Cash and cash equivalents at end of year 114,340 64,509 33,078
Cash and cash equivalents comprise:
Cash and balances at central banks 81,483 30,019 5,801
Loans and advances to banks 41,135 47,707 40,120
Less: non-cash amounts and amounts with original maturity greater than three months (10,674) (15,428) (19,376)
30,461 32,279 20,744
Available for sale treasury and other eligible bills 56,483 64,976 43,256
Less: non-cash and amounts with original maturity greater than three months (54,239) (62,876) (41,872)
2,244 2,100 1,384
Trading portfolio assets 151,344 185,637 193,726
Less: non-cash and amounts with maturity greater than three months (151,192) (185,526) (188,591)
152 111 5,135
Other ––14
114,340 64,509 33,078