Interim Report 2008 (PDF, 257KB) - Anglo Irish Bank

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Consolidated condensed cash flow statement (unaudited) For the six months ended 31 March 2008 Six months Six months Year ended ended ended 31 March 31 March 30 September 2008 2007 2007 €m €m €m Net cash flows from operating activities before taxation 4,318 5,310 6,682 Tax paid (56) (29) (217) Net cash flows from operating activities 4,262 5,281 6,465 Cash flows from investing activities Net decrease/(increase) in available-for-sale financial assets Interest received on available-for-sale financial assets net of 2,658 (4,797) (7,623) associated hedges 358 89 332 Net decrease/(increase) in assets classified as held for sale 10 - (288) Proceeds on disposal of businesses 114 44 44 Purchases of property, plant and equipment (2) (5) (12) Proceeds on disposals of property, plant and equipment - - 1 Additions to intangible assets - software (7) (3) (7) Investments in joint venture interests (1) (47) (42) Proceeds on disposals of joint venture interests - - 13 Distributions received from joint venture interests 1 2 10 Purchases of investment property held on own account - - (1) Proceeds on disposals of investment property held on own account - - 11 Net cash flows from investing activities 3,131 (4,717) (7,562) Cash flows from financing activities Proceeds of equity share issues 17 542 552 Proceeds from issues of subordinated liabilities and other capital instruments Redemptions of subordinated liabilities and other - - 1,259 capital instruments Coupons paid on subordinated liabilities and other capital (30) (99) (104) instruments (152) (79) (205) Equity dividends paid (87) (45) (86) Purchases of own shares (16) (4) (17) Net cash flows from financing activities (268) 315 1,399 Net increase in cash and cash equivalents 7,125 879 302 Opening cash and cash equivalents 10,832 10,800 10,800 Effect of exchange rate changes on cash and cash equivalents (668) (100) (270) Closing cash and cash equivalents 17,289 11,579 10,832
Notes to the interim report For the six months ended 31 March 2008 1. Basis of preparation This Interim Report for the six months ended 31 March 2008 has been prepared in accordance with the requirements of the European Union ('EU') Transparency Directive and IAS 34 'Interim Financial Reporting', as adopted by the EU. The accounting policies applied in preparing this Interim Report are consistent with those set out in the Annual Report and Accounts for the year ended 30 September 2007. From 1 October 2007 the Group has applied IFRIC Interpretation 10 'Interim Financial Reporting and Impairment'. It clarifies that any impairment losses on goodwill and equity instruments recognised in an interim period may not be reversed in subsequent interim periods. This does not have a material impact on the Group. The Group will adopt the amendment to IAS 1 'Presentation of Financial Statements' in respect of capital disclosures and IFRS 7 'Financial Instruments: Disclosures' in its Annual Report and Accounts for the year ended 30 September 2008. Both the interim figures for the six months ended 31 March 2008 and the comparative amounts for the six months ended 31 March 2007 are unaudited. The summary financial statements for the year ended 30 September 2007, as presented in this Interim Report, represent an abbreviated version of the Group's full accounts for that year, on which the independent auditors issued an unqualified audit report without reference to any matters of emphasis and which have been filed in the Companies Registration Office in Ireland. 2. Fair value movements Six months Six months Year ended ended ended 31 March 31 March 30 September 2008 2007 2007 €m €m €m Net movement in financial assets designated at fair value held on own account (112) (3) (6) The net movement in financial assets designated at fair value held on own account in the six months ended 31 March 2008 reflects the change in fair value of certain financial assets containing embedded derivatives. These assets were designated at fair value through profit or loss at inception in accordance with IFRS and form part of a portfolio of assets which are held for long-term investment purposes.
Page 1 and 2: ANGLO IRISH BANK CORPORATION PLC In
Page 3 and 4: Balance sheet growth (constant curr
Page 5 and 6: This is our 23 rd year operating in
Page 7 and 8: The Bank is further enhancing its l
Page 9 and 10: The current challenging environment
Page 11 and 12: Consolidated income statement (unau
Page 13: Consolidated statement of recognise
Page 17 and 18: Notes to the interim report (contin
Page 19 and 20: Notes to the interim report (contin
Page 21: Independent review report to the Di

Interim Report 2008 (PDF, 257KB) - Anglo Irish Bank

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