CFM INDOSUEZ Wealth Management - 2020 Annual Report

56 CASH FLOW STATEMENT The cash flow statement is presented using the indirect method. Operating activities represent CFM IndosuezWealth Group’s income-generating activities. Taxes are presented in full with the operating activities. Investment activities represent cash flows for the acquisition and sale of interests in consolidated and non-consolidated companies, and property, plant and equipment and intangible assets. Financing activities are based on changes in financial structure transactions relating to equity and long- term borrowings. The concept of net cash position includes cash, accounts receivable from and payable to central banks, aswell as accounts (assets and liabilities) and demand loans with credit institutions.