Barclays 2013 Annual Report Download - page 283

For the year ended 31 December 2013
£m
2012
£m
2011
£m
Continuing operations
Reconciliation of profit before tax to net cash flows from operating activities:
Profit before tax 2,868 797 5,770
Adjustment for non-cash items:
Allowance for impairment 3,071 3,340 5,602
Depreciation, amortisation and impairment of property, plant, equipment and intangibles 1,274 1,119 1,104
Other provisions, including pensions 3,674 3,080 1,787
Net profit on disposal of investments and property, plant and equipment (145) (679) (1,645)
Other non-cash movements (1,293) 5,565 1,454
Changes in operating assets and liabilities
Net (increase)/decrease in loans and advances to banks and customers (6,783) 1,832 (13,836)
Net (increase)/decrease in reverse repurchase agreements and other similar lending (10,264) (23,492) 52,176
Net (decrease)/increase in deposits and debt securities in issue (12,519) (4,388) 6,712
Net (decrease)/increase in repurchase agreements and other similar borrowing (20,430) 9,886 (18,266)
Net decrease in derivative financial instruments 2,734 4,293 3,730
Net decrease in trading assets 13,443 6,896 21,360
Net increase/(decrease) in trading liabilities 8,670 (973) (26,899)
Net (increase)/decrease in financial investments (6,114) (18,764) (4,255)
Net decrease in other assets 128 535 119
Net (decrease) in other liabilities (1,930) (1,354) (4,148)
Corporate income tax paid (1,558) (1,516) (1,686)
Net cash from operating activities (25,174) (13,823) 29,079
Purchase of available for sale investments (92,015) (80,797) (67,525)
Proceeds from sale or redemption of available for sale investments 69,473 73,773 66,941
Purchase of property, plant and equipment (736) (604) (1,454)
Other cash flows associated with investing activities 633 531 126
Net cash from investing activities (22,645) (7,097) (1,912)
Dividends paid (1,672) (1,427) (1,387)
Proceeds of borrowings and issuance of subordinated debt 700 2,258 880
Repayments of borrowings and redemption of subordinated debt (1,425) (2,680) (4,003)
Net issue of shares and other equity instruments 9,473 97 41
Net (purchase) of treasury shares (1,066) (979) (235)
Net redemption of shares issued to non-controlling interests (100) (111) (1,257)
Net cash from financing activities 5,910 (2,842) (5,961)
Effect of exchange rates on cash and cash equivalents 198 (4,111) (2,933)
Net (decrease)/increase in cash and cash equivalents (41,711) (27,873) 18,273
Effects of IFRS10 on opening balance – 96 –
Cash and cash equivalents at beginning of year 121,896 149,673 131,400
Cash and cash equivalents at end of year 80,185 121,896 149,673
Cash and cash equivalents comprise:
Cash and balances at central banks 45,687 86,191 106,894
Loans and advances to banks with original maturity less than three months 33,690 33,473 40,481
Available for sale treasury and other eligible bills with original maturity less than three months 644 2,228 2,209
Trading portfolio assets with original maturity less than three months 164 4 89
80,185 121,896 149,673
Interest received in 2013 was £23,387m (2012: £24,390m, 2011: £28,673m) and interest paid in 2013 was £10,709m (2012: £16,701, 2011:
£20,106m).
The Group is required to maintain balances with central banks and other regulatory authorities and these amounted to £4,722m at 31 December
2013 (2012: £5,169m, 2011: £4,364m).
For the purposes of the cash flow statement, cash comprises cash on hand and demand deposits, and cash equivalents comprise highly liquid
investments that are convertible into cash with an insignificant risk of changes in value with original maturities of three months or less.
Repurchase and reverse repurchase agreements are not considered to be part of cash equivalents.
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