Consolidated Statement of Cash Flows
| Note | 2014 Group €’000 |
2013 Group €’000 |
|
|---|---|---|---|
| Cash flow from operating activities | |||
Loans and receivables |
|||
| Receipts from loans2 | 19 | 8,452,459 | 4,240,638 |
| Receipts from derivatives acquired | 96,401 | 58,045 | |
| Funds advanced to borrowers | 19 | (644,950) | (664,952) |
| New loans issued / acquired | 19 | (246,601) | (19,768) |
| Funds in the course of collection | 19 | (19,827) | 51,377 |
| Cash held on behalf of debtors | (2,046) | 2,191 | |
| Fee income from loans and receivables | 5 | 7,294 | 5,042 |
| Repayment of loan facility deed by joint Special Liquidators | 19 | 11,715,089 | 1,225,000 |
| Cash balances held on behalf of NARL (in Voluntary Liquidation)3 | (259) | - | |
| Interest received on loan facility deed | 73,349 | 189,047 | |
| Net cash provided by loans and receivables | 19,430,909 | 5,086,620 | |
Derivatives |
|||
| Cash inflow on foreign currency derivatives | 11 | 11,858,107 | 21,876,254 |
| Cash outflow on foreign currency derivatives | 11 | (12,066,252) | (21,980,877) |
| Net cash outflow on derivatives where hedge accounting is applied | (210,662) | (232,102) | |
| Net cash (outflow) / inflow on other derivatives | (187,529) | 10,205 | |
| Net cash used in derivative activities | (606,336) | (326,520) | |
Other operating cashflows |
|||
| Payments to suppliers of services | (190,993) | (131,971) | |
| Interest paid on senior debt securities in issue | (108,476) | (130,487) | |
| Interest received on cash and cash equivalents | 11,892 | 12,968 | |
| Dividend paid by NAMAIL on B ordinary shares | 36 | (1,540) | (2,162) |
| Coupon paid by NAML on subordinated debt issued | 36 | (83,856) | - |
| Payments of corporation tax by NAMAIL | - | (66) | |
| Net inflows on amounts placed as collateral with NTMA | 15 | 112,000 | 348,000 |
| Funds paid to acquire trading properties | (1,696) | (6,708) | |
| Interest received on working capital loan to joint Special Liquidators | - | 872 | |
| Rental income received from social housing units | 636 | 45 | |
| Net cash (used in) / provided by other operating activities | (262,033) | 90,491 | |
| Net cash provided by operating activities | 18,562,540 | 4,850,591 | |
Cash flow from investing activities |
|||
| Investments in equity instruments | (5,375) | (1,477) | |
| Purchase of available for sale assets | - | (149,719) | |
| Sale of available for sale assets | 145,000 | 267,750 | |
| Distributions received from equity instruments | 7 | 30,429 | 97 |
| Net cash provided by investing activities | 170,054 | 116,651 | |
Cash flow from financing activities |
|||
| Redemption of senior debt securities | 29 | (21,028,000) | (3,750,000) |
| Net cash used in financing activities | (21,028,000) | (3,750,000) |
3Consists of cash balances held by the liquidator until finalisation of the liquidation of NARL.
| Note | 2014 Group €’000 |
2013 Group €’000 |
|
|---|---|---|---|
| Cash and cash equivalents held at the beginning of the year | 15 | 3,453,236 | 2,235,822 |
| Net cash provided by operating activities | 18,562,540 | 4,850,591 | |
| Net cash provided by investing activities | 170,054 | 116,651 | |
| Net cash used in financing activities | (21,028,000) | (3,750,000) | |
| Effects of exchange-rate changes on cash and cash equivalents | 11 | 862 | 172 |
| Total cash and cash equivalents held at the end of the year | 15 | 1,158,692 | 3,453,236 |
Financial assets and cash collateral |
|||
| Financial assets available for sale | 16 | - | 145,138 |
| Cash collateral placed with the NTMA | 15 | 690,000 | 802,000 |
Total |
1,848,692 |
4,400,374 |