annual report - Hypo Real Estate Holding AG

Consolidated cash flow statement
Cash flows from operating activities
Risikoberichtbericht
Group Company
2007 2006 2007 2006
€ m € m € m € m
Net profit before taxation 332 639 116 474
Adjustments for non-cash movements:
Depreciation and amortisation of tangible and intangible assets 13 9 10 5
Foreign exchange (gain)/loss -2 4 -2 7
Net (increase)/decrease in accrued interest income -1,314 -884 -1,372 -753
Net increase/(decrease) in accrued interest expenditure 955 1,046 929 724
Provisions for losses on loans - - - -
(Gains)/losses on sale of investment securities and loans -349 -277 -108 -147
Other non cash items 47 -41 202 -38
Net (increase)/decrease in loans and advances to banks 3,483 -1,904 9,299 -10,488
Net (increase)/decrease in loans and advances to customers -15,822 -16,027 -20,567 -7,323
Purchase of investment securities -28,212 -13,767 -22,654 -12,098
Sale/maturity of investment securities 29,962 18,989 22,385 14,445
Net (increase)/decrease in other assets -25 -6 21 -12
Net increase/(decrease) in deposits from other banks 18,693 -2,110 19,218 11,613
Net increase in other deposits 351 3,182 351 3,223
Net increase in amounts due to customers 4,094 585 4,317 360
Net increase in debt securities issued 1,370 6,017 2,559 174
Net increase/(decrease) in other liabilities 73 -495 22 -484
Net (increase) in trading assets and other receivables -2,184 -1,257 -2,885 -1,920
Net (increase)/decrease in derivatives and trading liabilities 106 -347 2 -391
Net cash from operating activities 11,571 -6,644 11,843 -2,629
Tax paid -73 -61 -21 -55
Cash flows from investing activities
Acquisition of subsidiaries, net of cash and cash equivalents acquired
Disposal of subsidiaries and capital repayments,
1,385 - -949 -
net of cash and cash equivalents acquired 711 - 1,946 -
Purchase of property and equipment -9 -13 -8 -4
Sale of property and equipment 3 3 1 2
Purchase of intangible assets -15 -1 -16 -
Net cash from investing activities 2,075 -11 974 -2
93