ourexpertise - Crédit Agricole CIB

CONSOLIDATED FINANCIAL STATEMENTS 4• CASH FLOW STATEMENTThe cash fl ow statement is presented using the indirect method.Operating activities are Crédit Agricole CIB’s revenue generatingactivities.Tax infl ows and outfl ows are included in full within operating activities.Investing activities show the impact of cash infl ows and outflows associated with purchases and sales of investments inconsolidated and non-consolidated companies, property, plantand equipment and intangible assets. This section includes strategicinvestments classifi ed as available for sale.Financing activities show the impact of cash infl ows and outflows associated with shareholders’ equity and long-term fi nancing.Net cash and cash equivalents include cash, debit and creditbalances with central banks, and debit and credit sight balanceswith banks.€ million 2010 2009Pre-tax income 1,351 (673)Depreciation, amortisation and impairment of property, plant and equipment and intangibleassets153 159Impairment of goodwill and other non-current assetsNet charge to impairment (26) 1,749Share of net income of affi liates (139) (117)Net loss/(gain) on investing activities 12 27Net loss/(gain) on fi nancing activities 297 194Other movements 41 (577)Total non-cash items included in pre-tax income and other adjustments 338 1,435Change in interbank items 3,675 (12,230)Change in customer items 10,298 (10,030)Change in fi nancial assets and liabilities (21,099) 5,375Change in non-fi nancial assets and liabilities 2,883 4,090Dividends received from affi liates 28 17Taxes paid (464) (259)Net decrease/(increase) in assets and liabilities used in operating activities (4,679) (13,037)TOTAL net cash provided/(used) by OPERATING activities [A] (2,990) (12,275)Change in equity investments 65 27Change in property, plant and equipment and intangible assets (118) (96)TOTAL net cash provided/(used) by INVESTING activities [B] (53) (69)Cash received from/(paid to) shareholders (305) 137Other cash provided/(used) by fi nancing activities (326) (1,145)TOTAL net cash provided/(used) by FINANCING activities [C] (631) (1,008)Effect of exchange rate changes on cash and cash equivalents [D] 1,460 (476)Net increase/(decrease) in cash and cash equivalents [A + B + C + D] (2,214) (13,828)Opening cash and cash equivalents 22,222 36,050Net gain/ (losses) on cash and central banks (assets and liabilities) (1) 22,286 37,226Net gain/ (losses) on interbank sight balances (assets and liabilities) (2) (64) (1,176)Closing cash and cash equivalents 20,008 22,222Net gains/ (losses) on cash and central banks (assets and liabilities) (1) 18,638 22,286Net gains/ (losses) on interbank sight balances (assets and liabilities) (2) 1,370 (64)CHANGE IN NET CASH AND CASH EQUIVALENTS (2,214) (13,828)(1)Consisting of the net balance of «cash, due from central banks«, as disclosed in note 6.1.(2)Comprises the balance of «performing current accounts in debit and performing overnight accounts and advances« (see note 6.5) and «current accounts incredit« and «daylight overdrafts and accounts« (excluding accrued interest) - See note 6.7.SHELF-REGISTRATION DOCUMENT CRÉDIT AGRICOLE CIB 2010 147