Consolidated cash flow statement
71 Rabobank Group Annual Report 2005
Annual figures
For the year ended 31 December
In millions of euros 2005 2004
Cash flows from operating activities
Operating profit before taxation 2,682 2,566
Adjusted for:
Non-cash items recognised in profit and loss and other adjustments
Depreciation and amortisation 343 330
Value adjustments 517 479
Change in insurance liabilities (excluding Interpolis) 13 27
Result on sale of property and equipment (12) (9)
Share of (profit) of associates and result on sale of subsidiary (218) (65)
Fair value gains/losses on investment properties 1 (18)
Fair value gains/losses on available-for-sale financial assets reclassified to the income statement (20) 90
Net gains/losses on trading financial assets (373) (333)
Net income from non-trading financial assets and liabilities at fair value through profit and loss (38) (27)
Net (increase)/decrease in property and equipment
Due from other banks 1,387 14,054
Trading financial assets (5,741) 5,593
Derivative financial instruments 7,900 (4,555)
Net (increase)/decrease in non-trading financial assets at fair value through profit and loss 25,219 (18,534)
Loans to customers (30,337) (27,044)
Net increase/(decrease) in liabilities relating to operating activities
Derivative financial instruments and other trade liabilities (11,090) 5,596
Due to customers 8,956 17,541
Debt securities in issue 18,472 6,070
Other debts (304) (1,781)
Income tax paid (634) (680)
Other changes (mainly attributable to disposal of Interpolis) (18,861) 7,526
Net cash flow from operating activities (2,138) 6,826
