Barclays 2015 Annual Report Download - page 259

home.barclays/annualreport Barclays PLC Annual Report 2015 I 257
For the year ended 31 December 2015
£m
2014
£m
2013
£m
Continuing operations
Reconciliation of profit before tax to net cash flows from operating activities:
Profit before tax 2,073 2,256 2,868
Adjustment for non-cash items:
Allowance for impairment 2,105 2,168 3,071
Depreciation, amortisation and impairment of property, plant, equipment and intangibles 1,324 1,279 1,274
Other provisions, including pensions 4,333 3,600 3,674
Net loss on disposal of investments and property, plant and equipment (374) (619) (145)
Other non-cash movements (635) (808) (1,293)
Changes in operating assets and liabilities
Net decrease/(increase) in loans and advances to banks and customers 27,565 3,684 (3,915)
Net decrease/(increase) in reverse repurchase agreements and other similar secured lending 103,566 55,021 (10,264)
Net (decrease) in deposits and debt securities in issue (37,721) (2,113) (13,392)
Net (decrease) in repurchase agreements and other similar secured borrowing (99,444) (72,269) (20,430)
Net (increase)/decrease in derivative financial instruments (2,868) 2,593 971
Net decrease in trading assets 37,342 18,368 13,443
Net (decrease)/increase in trading liabilities (11,157) (8,340) 8,670
Net (increase) in financial investments (3,757) (7,156) (6,114)
Net (increase)/decrease in other assets (2,324) (14,694) 128
Net (decrease)/increase in other liabilities (2,230) 8,141 (1,930)
Corporate income tax paid (1,670) (1,552) (1,558)
Net cash from operating activities 16,128 (10,441) (24,942)
Purchase of available for sale investments (120,251) (108,645) (92,015)
Proceeds from sale or redemption of available for sale investments 113,048 120,843 69,473
Purchase of property, plant and equipment (852) (657) (736)
Other cash flows associated with investing activities (379) (886) 633
Net cash from investing activities (8,434) 10,655 (22,645)
Dividends paid (1,496) (1,688) (1,672)
Proceeds of borrowings and issuance of subordinated debt 1,138 826 700
Repayments of borrowings and redemption of subordinated debt (682) (1,100) (1,425)
Net issue of shares and other equity instruments 1,278 559 9,473
Net purchase of treasury shares (679) (909) (1,066)
Net redemption of shares issued to non-controlling interests – (746) (100)
Net cash from financing activities (441) (3,058) 5,910
Effect of exchange rates on cash and cash equivalents 824 (431) 198
Net increase/(decrease) in cash and cash equivalents 8,077 (3,275) (41,479)
Cash and cash equivalents at beginning of year 78,479 81,754 123,233
Cash and cash equivalents at end of year 86,556 78,479 81,754
Cash and cash equivalents comprise:
Cash and balances at central banks 49,711 39,695 45,687
Loans and advances to banks with original maturity less than three months 35,876 36,282 35,259
Available for sale treasury and other eligible bills with original maturity less than three months 816 2,322 644
Trading portfolio assets with original maturity less than three months 153 180 164
86,556 78,479 81,754
Interest received was £20,376m (2014: £21,372m, 2013: £23,387m) and interest paid was £7,534m (2014: £8,566m, 2013: £10,709m).
The Group is required to maintain balances with central banks and other regulatory authorities and these amounted to £4,369m (2014: £4,448m,
2013: £4,722m).
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.
Consolidated cash flow statement
Consolidated financial statements
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