ING Direct 2015 Annual Report Download - page 30

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Contents
Who we are
Report of the
Management
Board
Corporate
Governance
Consolidated
annual accounts
Parent company
annual accounts
Other
information
Additional
information
Consolidated statement of cash flows of ING Bank - continued
in EUR million
2015
2014
2013
Net cash flow from/(used in) operating activities
14,961
16,613
3,784
Net cash flow from/(used in) investing activities 29
6,061
–10,840
–1,841
Cash flows from financing activities
Proceeds from issuance of subordinated loans
2,085
3,266
4,212
Repayments of subordinated loans
–4,244
–2,788
–4,936
Proceeds from borrowed funds and debt securities
133,290
135,318
138,883
Repayments of borrowed funds and debt securities
–140,120
–142,996
–144,958
Dividends paid 30
–2,200
–1,225
–2,955
Net cash flow from/(used in) financing activities
–11,189
–8,425
–9,754
Net cash flow
9,833
–2,652
–7,811
Cash and cash equivalents at beginning of year
10,863
13,509
20,612
Effect of exchange rate changes on cash and cash equivalents
–342
6
708
Cash and cash equivalents at end of year 31
20,354
10,863
13,509
As at 31 December 2015 Cash and cash equivalents includes cash and balances with central banks of EUR 21,458 million (2014: EUR
12,222 million; 2013: EUR 11,920 million). Reference is made to Note 31 ‘Cash and cash equivalents’.
References relate to the accompanying notes. These form an integral part of the Consolidated annual accounts.
ING Bank Annual Report 2015 28