Annual report 2008
Binck Bank
- Consolidated Financial Statements
- Notes to the consolidated financial statements
- Notes to the consolidated balance sheet
- 8. Cash and balances with central banks 9. Banks 10. Financial assets held for trading 11. Financial assets at fair value through profit or loss
- 12. Available-for-sale financial assets 13. Loans and receivables
- 14. Held-to-maturity financial assets 15. Investments in associates
- 16. Intangible assets
- 17. Property, plant and equipment
- 18. Tax
- 19. Deferred tax
- 20. Other assets 21. Prepayments and accrued income 22. Derivative positions held on behalf of clients
- 23. Customer deposits 24. Financial liabilities at amortised cost 25. Provisions
- 26. Other liabilities 27. Accruals and deferred income
- 28. Shareholders' equity
- Notes to the consolidated income statement
- 29. Interest 30. Commission
- 31. Other income 32. Result on investments 33. Impairment losses on financial instruments 34. Employee expenses
- 35. Depreciation and amortisation 36. Other operating expenses 37. Earnings per share (euros)
- 38. Diluted earnings per share (euros) 39. Paid and proposed dividend
- 40. Related party disclosures
- 41. Liabilities not shown on the face of the balance sheet
- 42. Post-balance-sheet events 43. Segment information
- 44. Financial risks
- 45. Fair value financial instruments
- Company Financial Statements
- Notes to the company financial statements
- Notes to the company balance sheet
- C. Cash and balances with central banks d. Due from Banks e. Financial assets held for trading f. Financial assets at fair value through profit and loss
- G. Available-for-sale financial assets h. Loans and receivables i. Held-to-maturity financial assets j. Investments in subsidiaries and associates
- K. Intangible assets
- L. Property, plant and equipment
- M. Current tax assets n. Deferred tax o. Other assets
- P. Prepayments and accrued income q. Customer deposits r. Financial liabilities at amortised cost s. Provisions
- T. Other liabilities u. Accruals and deferred income
- V. Shareholders' equity w. Other information
Consolidated cash flow statement
Notes
2008
2007
x € 1,000
x € 1,000
Cash flow from operating activities
Net profit for the year
33,145
32,155
Adjustments for:
Amortisation of intangible assets and depreciation
of property, plant and equipment
31,822
1,894
Provisions
(323)
(29)
Impairment losses on loans and receivables
205
1,089
Movements in deferred tax
5,492
(3,907)
Share in undistributed profits of associates
(520)
(80)
Other non-cash movements (including
discontinued operations)
(1,509)
651
Movements in:
Banks
-
37,871
Financial assets held for trading
63
31,435
Financial assets at fair value through profit and loss
231,584
(268,617)
Loans and receivables
270,665
(72,110)
Taxes, other assets and prepayments and
accrued income
(10,964)
19,488
Customer deposits
(25,123)
134,711
Financial liabilities held for trading
-
(9,328)
Tax liabilities, other liabilities, accruals and deferred
income
17,784
(10,586)
Net cash flow from operating activities
552,321
(105,363)
Cash flow from investing activities
Available-for-sale financial assets
(1,276,013)
-
Held-to-maturity financial assets
610,940
24,545
Investments in operations/subsidiaries adjusted for
acquired cash
-
(12,009)
Disposals of subsidiaries
610
-
Investments in associates
(1,200)
(525)
Dividends received
40
-
Investments in intangible assets
(1,539)
(4,197)
Investments in property, plant and equipment
(5,217)
(2,712)
Net cash flow from investing activities
(672,379)
5,102
Cash flow from financing activities
Share issue
-
376,165
Proceeds from the sale of rights attaching to
treasury shares
-
422
Buy-back of own shares
(5,519)
-
Financial liabilities at amortised cost
(1,080)
(240)
Dividends paid
-Final dividend for preceding year
(11,560)
(8,874)
-Interim dividend for the year
(15,413)
(4,299)
Net cash flow from financing activities
(33,572)
363,174
Net cash flow
(153,630)
262,913
Opening balance of cash and cash equivalents
437,331
174,418
Closing balance of cash and cash equivalents
283,701
437,331
Movement
(153,630)
262,913
The cash and cash equivalents presented in the
consolidated cash flow statement are included in
the consolidated balance sheet under the following
headings at the amounts stated below:
Cash
39,289
9,522
Banks
244,412
422,028
Cash and cash equivalents in assets held for sale
-
5,781
Total
283,701
437,331
Cash flow from operating activities includes the
following items:
- Tax paid
(6,168)
(6,490)
- Interest received
82,021
22,018
- Interest paid
(56,064)
(9,108)
- Commission received
139,543
68,545
- Commission paid
(38,841)
(21,437)