Consolidated statement of cash flows
-
-
Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
Consolidated statement of income
For the year ended 31 December
Amounts in millions of euros
Note
2017
2016'
Cashflows from operating activities
Operating profit before tax
3,632
2,718
Adjusted for:
Non-cash items recognised in operating profit before taxation
Depreciation
43
406
438
Depreciation of operating lease assets and investment properties
15,16
536
978
Loan impairment charges
44
(190)
310
Impairment on property and equipment
15
48
112
Impairment on other intangible assets
14
31
4
Result on disposal of property and equipment
40
(35)
Income from investments in associates and joint ventures
38
(245)
(106)
Income from disposal of subsidiaries
(3)
(242)
Impairment losses on goodwill and investments in associates
13
700
Gains/ (losses) on financial assets and liabilities at fair value through profit or loss
39
(84)
(547)
Gains/(losses) on available-for-sale financial assets
12
(158)
(87)
Provisions
25
688
1,034
Capitalised costs self-developed software and other assets
(130)
(102)
Net change in operating assets
Loans to and deposits from banks
7,19,44
(4,426)
9,958
Financial assets held for trading
8,39
952
1,175
Derivatives
10
16,867
5,740
Net change in financial assets and liabilities designated at fair value
9, 23
(2,644)
663
Loans and advances to customers
11,44
9,042
12,712
Acquisition of available-for-sale financial assets
12
(3,687)
(5,371)
Proceeds from the sale and repayment of available-for-sale financial assets
12
7,707
8,768
Acquisition of operational lease assets
15
(1,087)
(2,041)
Proceeds from the disposal of operational lease assets
15
165
101
Dividends received from associates and financial assets
13
125
140
Net change in liabilities relating to operating activities
Derivatives
10
(19,921)
(6,531)
Financial liabilities held for trading
22
(158)
166
Deposits from customers
20
(6,950)
1,829
Other liabilities
24
(115)
(1)
Income tax paid
(302)
(321)
Other changes
1,408
3,312
Net cash flow from operating activities
1,547
35,474
Cash flows from investing activities
Acquisition of associates net of cash and cash equivalents acquired
13
(113)
(75)
Proceeds from disposal of associates net of cash and cash equivalents
13
214
238
Proceeds from disposal of subsidiaries net of cash and cash equivalents
1,100
Acquisition of property and equipment and investment properties
15,16
(170)
(221)
Proceeds from the disposal of property and equipment and investment properties
15,16
118
173
Net cash flow from investing activities
49
1,215
1 Prior-year figures adjusted due to changes in presentation (see note 2.1).
Rabobank Annual Report 2017 - Consolidated financial statements
169
