BOLSAS Y MERCADOS ESPAÑOLES GROUP
CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED
31 DECEMBER 2012 AND 2011 (NOTES 1 TO 4)
(Thousands of euros)
(*) Presented solely and exclusively for comparison purposes.
Notes 1 to 26 and Appendix I are an integral part of the consolidated statement of cash flows for the year ended 31 December 2012.
1) In order to more clearly illustrate changes in working capital, this measure does not include fund inflows from“Guarantees and deposits received from the market”(Note 7), which are fully invested in other current financial assets, or the effect of recognising (in the same amount on the asset and liability side of the
balance sheet) the financial instruments to which MEFF acts as central counterparty, the realisation of cash withheld for trades pending settlement, or the account receivable (payable) for the settlement of daily trading in options and futures (see Note 7).
Notes
Year ended
2012
Year ended
2011(*)
CASH FLOWS FROM OPERATING ACTIVITIES:
128,157
145,116
Profit before tax
191,672
219,087
Adjustments to profit (loss)
8,146
4,718
Depreciation and amortisation
5 and 6
7,859
8,369
Other adjustments to profit (loss) (net)
5, 7, 12, 13, 19
and 21
287
(3,651)
Changes in working capital
(1)
7, 8, 10, 13, 15
and 16
(16,585)
(18,624)
Other cashflows fromoperating activities:
(55,076)
(60,065)
Interest paid
7 and 21
(5,847)
(27,433)
Dividends paid and payments on other equity instruments
-
-
Dividends received
-
-
Interest received
7 and 21
6,900
31,343
Income tax receipts (payments)
16
(56,124)
(63,972)
Other receipts (payments)
21
(5)
(3)
CASH FLOWS FROM INVESTING ACTIVITIES:
(88,171)
(7,363)
Payments on investments
(99,608)
(8,268)
Group companies, multigroup companies and associates
2
-
(1,429)
Property plant and equipment, intangible assets and investment properties
5 and 6
(4,150)
(5,363)
Other financial assets
7
(95,458)
(1,476)
Other assets
-
-
Proceeds from disposals
11,437
905
Group companies, multigroup companies and associates
-
-
Property plant and equipment, intangible assets and investment properties
5
635
-
Other financial assets
7
10,802
905
Other assets
-
-
Notes
Year ended
2012
Year ended
2011(*)
CASH FLOWS FROM FINANCING ACTIVITIES:
(155,395)
(156,200)
Proceeds from and payments for equity instruments
-
-
Issue of equity instruments
-
-
Payment for equity instruments
-
-
Acquisition of parent company equity instruments
-
-
Disposal of parent company equity instruments
-
-
Acquisitions of interests in external parties
-
-
Sale of interests in external parties
-
-
Grants, donations and bequests received
-
-
Proceeds fromand payments for financial liabilities
-
-
Issue
-
-
Repayment and cancellation
-
-
Dividends paid and payments on other equity instruments
(155,363)
(156,200)
Gross dividend
11
(164,225)
(164,225)
Withholding
16
8,862
8,025
Other flows fromfinancing activities
(32)
-
Interest paid
-
-
Other receipts (payments)
(32)
-
EFFECTS OF EXCHANGE RATE CHANGES
-
-
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
(115,409)
(18,447)
Cash and cash equivalents at beginning of year
9
301,336
319,783
Cash and cash equivalents at year end
9
185,927
301,336
COMPONENTS OF CASH AND CASH EQUIVALENTS AT YEAR END
Cash in hand and at banks
9
6,271
3,981
Other financial assets
9
179,656
297,355
Less: bank overdrafts repayable on demand
-
-
TOTAL CASH AND CASH EQUIVALENTS AT YEAR END
185,927
301,336
60
Annual
Report 2012
/ BME
1...,50,51,52,53,54,55,56,57,58,59 61,62,63,64,65,66,67,68,69,70,...222