Annual Report - EFG Bank Group
Annual Report - EFG Bank Group
Annual Report - EFG Bank Group
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Consolidated Statement of Cash Flows<br />
for the year ended December 31, 2006<br />
(All figures in millions of CHF) Note 2006 2005<br />
Cash flows from operating activities<br />
Interest received and net trading receipts 5,638 3,523<br />
Interest paid (3,164) (1,730)<br />
Fees and commissions received 1,549 1,176<br />
Fees and commissions paid (303) (208)<br />
Dividends received 5 -<br />
Other income received 96 97<br />
Cash payments to employees and suppliers (1,761) (1,382)<br />
Income taxes paid (294) (220)<br />
Cash flows from operating profits before changes in operating assets and liabilities 1,766 1,256<br />
Changes in operating assets and liabilities<br />
Net (increase) in cash and balances with central banks (778) (319)<br />
Net decrease in financial instruments at fair-value-through-profit-or-loss 660 1,497<br />
Net (increase) in loans and advances to other banks (464) (889)<br />
Net (increase) in loans and advances to customers (13,249) (9,640)<br />
Net (increase)/decrease in other assets and other liabilities 570 (300)<br />
Net increase/(decrease) in due to other banks (315) 8,199<br />
Net increase in due to customers 10,434 3,685<br />
Net cash from/(used in) operating activities (1,376) 3,489<br />
Cash flows from investing activities<br />
Purchases of property, plant and equipment (451) (125)<br />
Proceeds from sale of property, plant and equipment 34 43<br />
Net (purchases) of available-for-sale investment securities (16,374) (13,083)<br />
Proceeds from sale of available-for-sale investment securities 13,789 6,460<br />
Purchases of held-to-maturity investment securities - (753)<br />
Proceeds from sale of held-to-maturity investment securities 9 506<br />
Acquisition of subsidiaries undertakings, net of cash acquired (402) (237)<br />
Acquisition of associated undertakings (21) 75<br />
Proceeds from sale of associated undertakings 22 6<br />
Dividends from investment securities and associated undertakings 13 11<br />
Proceeds from sale/liquidation of subsidiary undertakings net of cash disposed of 56 -<br />
Net cash (used in) investing activities (3,325) (7,097)<br />
Cash flows from financing activities<br />
Proceeds from liabilities evidenced by paper 19,187 8,709<br />
Repayments of liabilities evidenced by paper (12,821) (4,092)<br />
Net proceeds from the issue of preferred securities - 1,184<br />
Net proceeds from the sale/purchase of preferred securities 38 -<br />
Net contribution by minority interest 113 1,560<br />
Dividends paid (558) (259)<br />
Purchases of treasury shares of quoted subsidiary (294) (164)<br />
Proceeds from sale of treasury shares of quoted subsidiary 97 100<br />
Net cash from financing activities 5,762 7,038<br />
Effect of exchange rate changes on cash and cash equivalents 222 102<br />
Net increase in cash and cash equivalents 1,283 3,532<br />
Cash and cash equivalents at beginning of year 9,971 6,439<br />
Cash and cash equivalents at end of year 15 11,254 9,971<br />
The figures in the consolidated statement of cash flows cannot be directly traced from the balance sheet or statement<br />
of income without additional information as a result of acquisitions and disposals of subsidiaries and net foreign<br />
exchange differences arising on consolidation.<br />
The notes on pages 18 to 73 form an integral part of these financial statements.<br />
<strong>Annual</strong> <strong>Report</strong> 2006<br />
<strong>Group</strong><br />
17
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