CASH FLOW STATEMENT (in thousands of euros) 31/12/2024 31/12/2023 Pro forma 31/12/2023 Earnings before tax 74,113 76,637 76,637 Net depreciation, amortisation and impairment of property, plant and equipment and intangible assets 6,656 6,587 6,587 Impairment of goodwill and other non-current assets Net allocations to impairment and provisions 2,355 2,741 2,741 Share of income related to companies accounted for by the equity method Net income from investment activities -43 23 23 Net income from financing activities 90 59 59 Other movements 1,176 4,806 4,806 Total non-monetary items included in net income before tax and other adjustments 10,231 14,216 14,216 Cash flows related to transactions with credit institutions 895,596 -738,815 -738,815 Cash flows related to transactions with customers -988,869 480,044 480,044 Cash flows related to other transactions affecting financial assets or liabilities -265,204 2,775 2,775 Cash flows related to transactions affecting non-financial assets or liabilities 28,152 8,222 8,399 Dividends received from companies accounted for by the equity method Taxes paid -15,626 -17,916 -17,916 Net change in assets and liabilities from operating activities -345,951 -265,690 -265,513 Cash flows from discontinued operations Total net cash flows related to operating activities (A) -261,607 -174,837 -174,660 Cash flows related to equity investments Cash flows related to property, plant and equipment and intangible assets -6,610 -2,469 -2,469 Cash flows from discontinued operations Total net cash flows related to investing activities (B) -6,610 -2,469 -2,469 Cash flows arising from transactions with shareholders -45,841 -40,396 -40,396 Other net cash flows from financing activities -2,553 -2,497 -2,497 Cash flows from discontinued operations Total cash flows from financing activities (C) -48,394 -42,893 -42,893 Impact of foreign exchange rate changes on cash and cash equivalents (D) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C+D) -316,608 -220,199 -220,022 Cash and cash equivalents at the start of the year 1,150,915 1,371,114 1,371,114 Net balance of cash accounts and accounts with central banks * 766,439 1,164,687 1,164,687 Net balance of accounts, demand loans/borrowings with credit institutions ** 384,476 206,427 206,427 Cash and cash equivalents at the end of the year 834,307 1,150,915 1,151,092 Net balance of cash accounts and accounts with central banks * 515,665 766,439 766,672 Net balance of accounts, demand loans/borrowings with credit institutions ** 318,642 384,476 384,420 CHANGE IN NET CASH AND CASH EQUIVALENTS -316,608 -220,199 -220,022 * Consisting of the net balance for “Cash & central banks”, excluding accrued interest and including cash flow from entities reclassified under discontinued operations. ** Consisting of the balance of “Non-doubtful current accounts in debit” and “Non-doubtful overnight accounts and advances” as detailed in Note 6.5 and of “Current accounts in credit” and “Overnight accounts and deposits” as detailed in Note 6.7 (excluding accrued interest); Annual Report 2024 65
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