Bank Austria Creditanstalt - Annual Report 2005

Cash flow statement of the Bank Austria Creditanstalt Group
€ m	2005	2004
NET INCOME	1,075	671
Non-cash items included in net income, and adjustments to reconcile net income to cash flows from operating activities
Depreciation, amortisation, losses on loans and advances, and changes in fair values	834	800
Increase in staff-related provisions and other provisions	317	297
Increase/decrease in other non-cash items	–245	374
Gains/losses on disposals of intangible assets, property and equipment, and investments	–286	–24
SUB-TOTAL	1,695	2,118

Increase/decrease in operating assets and liabilities after adjustment for non-cash components
Trading assets	–506	–2,965
Loans and advances	–9,091	–4,465
Other assets	–241	126
Trading liabilities	–467	57
Amounts owed to banks and customers	8,207	4,478
Liabilities evidenced by certificates	2,995	1,899
Other liabilities	581	190
CASH FLOWS FROM OPERATING€TIVITIES	3,173	1,438

Proceeds from disposal of
investments	1,061	3,054
property and equipment	157	89
Payments for purchases of
investments	–2,206	–3,635
property and equipment	–611	–469
Proceeds from sales (less cash disposed of) of subsidiaries	153	–26
Payments for acquisition (less cash acquired) of subsidiaries	87	–4
Other changes	67	198
CASH FLOWS FROM INVESTING€TIVITIES	–1,292	–793

Proceeds from capital increase	–	–
Dividends paid	–221	–150
Subordinated liabilities and other financing activities (net)	95	–105
CASH FLOWS FROM FINANCING€TIVITIES	–126	–255

CASH AND CASH EQUIVALENTS AT END OF PREVIOUS PERIOD	2,724	2,282
Cash flows from operating activities	3,173	1,438
Cash flows from investing activities	–1,292	–793
Cash flows from financing activities	–126	–255
Effects of exchange rate changes	–26	52
CASH AND CASH EQUIVALENTS AT END OF PERIOD	4,453	2,724

PAYMENTS FOR TAXES, INTEREST AND DIVIDENDS
Income taxes paid	–67	–88
Interest received	4,853	4,861
Interest paid	–2,625	–2,466
Dividends received	203	129

Cash flow statement of the Bank Austria Creditanstalt Group