Vorarlberger Landes- und Hypothekenbank Aktiengesellschaft

51
Statement of cash flows on the basis of the bank's consolidated financial statements prepared
according to the Austrian Banking Act (BWG) and the Austrian Commercial Code (UGB)
in '000 EUR 2009 2008
Net profit (before minority interests) 66,119 40,765
Non-cash items included in net profit and
reconciliation to cash flow from operating activities
Write-downs and write-ups of property, plant and equipment, fixed and current assets 1,351 -23,489
Allocation/reversal of provisions/loan loss provisions -18,847 5,599
Changes in other non-cash items 50,066 17,720
Profit from the disposal of financial assets and property, plant and equipment -43,762 4,898
Change in asset/liabilities in operating
activities after adjustment for non-cash items
Loans and advances to, and placements with, banks -286,740 103,757
Loans and advances to customers 67,226 -806,550
Trading assets and derivatives 7,902 -5,787
Other assets -18,644 24,282
Amounts owed to banks 322,900 168,157
Amounts owed to customers 280,803 643,872
Liabilities evidenced by certificates -270,446 83,479
Financial liabilities at fair value -31,504 -227,991
Trading assets and derivatives 0 -586
Other liabilities 19,687 -36,263
Cash flows from operating activities 146,191 -8,137
Proceeds from disposal/redemption of
Financial assets 520,930 656,445
Property, plant and equipment and intangible assets 2,591 2,768
Outflows for investment in
Financial assets -682,103 -626,579
Property, plant and equipment and intangible assets -6,098 -45,215
Cash flows from investing activities -164,680 -12,581
Inflows from capital increases 0 300
Non-cash changes in subordinated and supplementary capital 23,367 -13,179
Dividend payments -9,814 -9,744
Cash flows from financing activities 13,553 -22,623
Cash and balances with central banks at end of previous period 91,092 131,171
Cash flows from operating activities 146,191 -8,137
Cash flows from investing activities -164,680 -12,581
Cash flows from financing activities 13,553 -22,623
Effects of changes in exchange rate, valuation, consolidation -2,840 3,262
Cash and balances with central banks at end of period 83,316 91,092
Payments for interest, dividends/profit distributions and income taxes
Interest received 361,264 555,753
Dividends and profit distributions received 4,062 3,908
Interest paid -256,837 -451,155
Taxes on income paid -12,520 -35,074