CFM INDOSUEZ Wealth Management - 2020 Annual Report

57 CASH FLOW STATEMENT (in thousands of euros) 31/12/2020 31/12/2019 Income before tax 25,166 62,964 Net depreciation, amortisation and impairment of property, plant and equipment and intangible assets 5,571 4,449 Impairment of goodwill and other non-current assets 0 0 Net allocations to impairment and provisions 1,934 1,518 Share of net income of companies accounted for by the equity method 0 0 Net income from investment activities -6 -31,878 Net income from financing activities 103 5 Other transactions -4,863 3,183 Total non-monetary items included in net income before tax and other adjustments 2,739 -22,723 Cash flows related to transactions with credit institutions 321,469 -251,595 Cash flows related to transactions with clients -44,865 191,457 Cash flows related to other transactions affecting financial assets or liabilities 69,633 159,217 Cash flows related to transactions affecting non-financial assets or liabilities 41,494 4,486 Dividends received from companies accounted for by the equity method 0 0 Taxes paid -3,933 -6,642 Net change in assets and liabilities from operating activities 383,798 96,923 Cash flows from discontinued operations 0 0 Total net cash flows related to operating activities (A) 411,704 137,164 Cash flows related to equity investments -1,081 Cash flows related to property, plant and equipment and intangible assets -4,335 -101,734 Cash flows from discontinued operations Total net cash flows related to investing activities (B) -5,416 -101,734 Cash flows arising from transactions with shareholders (1) 882 -25,568 Other net cash flows from financing activities -1,262 -5 Cash flows from discontinued operations 0 0 Total cash flows from financing activities (C) -380 -25,573 Impact of foreign exchange rate changes on cash and cash equivalents (D) 0 -49 NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C+D) 405,907 9,808 Cash and cash equivalents at the start of the year 581,815 572,007 Net balance of cash accounts and accounts with central banks * 469,249 305,414 Net balance of accounts, demand loans/borrowings with credit institutions ** 112,566 266,593 Cash and cash equivalents at the end of the year 987,722 581,815 Net balance of cash accounts and accounts with central banks * 539,989 469,249 Net balance of accounts, demand loans/borrowings with credit institutions ** 447,733 112,566 CHANGE IN NET CASH AND CASH EQUIVALENTS 405,907 9,808 * Consisting of the net balance of “Cash and amounts due from central banks”, excluding accrued interest and including cash from entities reclassified as discontinued operations. ** Consisting of the balance of the items “Performing ordinary accounts receivable” and “Performing accounts and overnight loans” and “Ordinary accounts payable” and “Accounts and overnight borrowings” (excluding accrued interest). (1) Cash flows arising from transactions with shareholders. This amount corresponds to dividends paid: - by the Bank CFM Indosuez Wealth Management (Monaco) to its shareholders further to the decision by the Ordinary Annual General Meeting of 16 May 2019, for€25,464,000 - by subsidiaries to non-controlling interests (minority interests), for €104,000.