AFD_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS 6 Overview

6.1.4 Cash flow statement at 31bDecember 2017

31/12/2017 IFRS

31/12/2016 IFRS

In thousands of euros PRE-TAX INCOME (A)

327,880

271,674

Net depreciation/amortisation expenses on property, plant and equipment and intangible assets

20,490

17,948

Impairment of goodwill and other fixed assets

0

0

Net allocations to provisions (including insurance technical reserves) Share of earnings from companies accounted for by the equity method

53,133 -4,596 -18,558 22,659 18,914 92,043 653,361

138,741 -7,838 -28,806

Net gain/(net loss) on investment activities Net gain/(net loss) on financing activities

5,402

23,684

Other items (1)

TOTAL NON-CASH ITEMS INCLUDED IN NET PRE-TAX INCOME AND OTHER ITEMS (B)

149,131 -842,047 -2,371,598 3,121,303 -394,511

Cash received from credit institutions and equivalent

Cash received from customers

-1,393,652 1,233,828

Cash flows from other operations affecting other financial assets or liabilities Cash flows from operations affecting non-financial assets or liabilities

482,844 -14,694

Taxes paid

-26,715

= NET INCREASE (DECREASE) IN CASH-RELATED ASSETS AND LIABILITIES FROM OPERATING ACTIVITIES (C)

961,687

-513,568

Net cash flows from operating activities (A+B+C) Cash flows from financial assets and equity stakes

1,381,609 -38,447 -9,341 -47,789 -13,903 160,000 154,943 769,479 173,209 596,270 8,846 1,488,763 2,258,242 1,016,702 1,241,540 1,488,763

-92,763 -66,548 -21,244 -87,792

Cash flows from property, plant and equipment and intangible assets

Net cash flows from investment activities

Cash flows from shareholders Cash flows to shareholders

2,407,999

-41,129

Other net cash flows from financing activities Net cash flows from financing activities

-2,671,917 -305,047 -485,603 1,255,081 1,224,634 769,479 173,209 596,270 -485,603 30,448

Net increase/(decrease) in cash and cash equivalents Opening balance of cash and cash equivalents Net balance of cash accounts and accounts with central banks Net balance of term loans and deposits from credit institutions

Ending balance of cash and cash equivalents

Net balance of cash accounts and accounts with central banks Net balance of term loans and deposits from credit institutions

Change in cash and cash equivalents

(1)Of which value adjustments to balance sheet items. AFD Group’s cash flow statement is presented using the indirect method.

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REGISTRATION DOCUMENT 2017

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