Barclays 2013 Annual Report Download - page 377

Note 46: Transition Notes – Changes in accounting policies, comparability and other adjustments continued
Movement between the published and restated cash flow statement for 31 December 2012
The adoption of IFRS 10 standard mainly impacted the net cash from operating activities which further decreased by £107m during the year
ending 2012. The cash and cash equivalents at the beginning of the year increased by £96m while the cash and cash equivalents at the end of the
year reduced by £11m.
However, the adoption of the IAS 19 revised had no impact on the cash movements for the years ended 2011, 2012 and 2013.
Consolidated cash flow statement – movement between published and restated
For the year ended 31 December 2012 Published
£m
IFRS 10
£m
IAS 19
revised
£m
Restated
£m
Continuing operations
Reconciliation of profit before tax to net cash flows from operating activities:
Profit before tax 246 573 (22) 797
Adjustment for non-cash items:
Allowance for impairment 3,596 (256) – 3,340
Depreciation, amortisation and impairment of property, plant, equipment and intangibles 1,119 – – 1,119
Other provisions, including pensions 3,057 23 – 3,080
Net profit on disposal of investments and property, plant and equipment (679) – – (679)
Other non-cash movements 5,448 95 22 5,565
Changes in operating assets and liabilities
Net decrease/(increase) in loans and advances to banks and customers 2,231 (399) – 1,832
Net (increase)/decrease in reverse repurchase agreements and other similar lending (23,291) (201) – (23,492)
Net (decrease)/increase in deposits and debt securities in issue (4,594) 206 – (4,388)
Net increase/(decrease) in repurchase agreements and other similar borrowing 10,050 (164) – 9,886
Net decrease/(increase) in derivative financial instruments 4,376 (83) – 4,293
Net decrease/(increase) in trading assets 6,893 3 – 6,896
Net (decrease)/increase in trading liabilities (973) – – (973)
Net (increase)/decrease in financial investments (18,838) 74 – (18,764)
Net decrease in other assets 555 (20) – 535
Net (decrease) in other liabilities (1,396) 42 – (1,354)
Corporate income tax paid (1,516) – – (1,516)
Net cash from operating activities (13,716) (107) – (13,823)
Purchase of available for sale investments (80,796) (1) – (80,797)
Proceeds from sale or redemption of available for sale investments 73,769 4 – 73,773
Purchase of property, plant and equipment (604) – – (604)
Other cash flows associated with investing activities 532 (1) – 531
Net cash from investing activities (7,099) 2 – (7,097)
Dividends paid (1,427) – – (1,427)
Proceeds of borrowings and issuance of subordinated debt 2,258 – – 2,258
Repayments of borrowings and redemption of subordinated debt (2,680) – – (2,680)
Net issue of shares and other equity instruments 97 – – 97
Net (purchase)/disposal of treasury shares (979) – – (979)
Net redemption of shares issued to non-controlling interests (111) – – (111)
Net cash from financing activities (2,842) – – (2,842)
Effect of exchange rates on cash and cash equivalents (4,109) (2) – (4,111)
Net (decrease)/increase in cash and cash equivalents (27,766) (107) – (27,873)
Cash and cash equivalents at beginning of year 149,673 96 – 149,769
Cash and cash equivalents at end of year 121,907 (11) – 121,896
Cash and cash equivalents comprise:
Cash and balances at central banks 86,175 16 – 86,191
Loans and advances to banks with original maturity less than three months 33,500 (27) – 33,473
Available for sale treasury and other eligible bills with original maturity less than three months 2,228 – – 2,228
Trading portfolio assets with original maturity less than three months 4 – – 4
121,907 (11) – 121,896
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