|
Notes |
Millions of Euros |
2011 |
2010 (*) |
2009 (*) |
CASH FLOW FROM OPERATING ACTIVITIES (1) |
53
|
19,811 |
8,503 |
2,567 |
Net income for the year |
|
3,485 |
4,995 |
4,595 |
Adjustments to obtain the cash flow from operating activities: |
|
3,090 |
(534) |
(591) |
Depreciation and amortization |
|
847 |
761 |
697 |
Other adjustments |
|
2,243 |
(1,295) |
(1,288) |
Net increase/decrease in operating assets |
|
17,340 |
6,452 |
(9,781) |
Financial assets held for trading |
|
7,319 |
(6,450) |
(3,566) |
Other financial assets designated at fair value through profit or loss |
|
203 |
437 |
582 |
Available-for-sale financial assets |
|
1,131 |
(7,064) |
15,741 |
Loans and receivables |
|
6,461 |
18,590 |
(23,377) |
Other operating assets |
|
2,226 |
939 |
839 |
Net increase/decrease in operating liabilities |
|
30,291 |
9,067 |
(12,359) |
Financial liabilities held for trading |
|
14,090 |
4,383 |
(10,179) |
Other financial liabilities designated at fair value through profit or loss |
|
218 |
240 |
334 |
Financial liabilities at amortized cost |
|
16,265 |
5,687 |
(3,564) |
Other operating liabilities |
|
(282) |
(1,243) |
1,050 |
Collection/Payments for income tax |
|
285 |
1,427 |
1,141 |
CASH FLOWS FROM INVESTING ACTIVITIES (2) |
53
|
(6,622) |
(7,078) |
(643) |
Investment |
|
8,524 |
8,762 |
2,396 |
Tangible assets |
|
1,313 |
1,040 |
931 |
Intangible assets |
|
612 |
464 |
380 |
Investments |
|
430 |
1,209 |
2 |
Subsidiaries and other business units |
|
4,653 |
77 |
7 |
Non-current assets held for sale and associated liabilities |
|
1,516 |
1,464 |
920 |
Held-to-maturity investments |
|
- |
4,508 |
156 |
Other settlements related to investing activities |
|
- |
- |
- |
Divestments |
|
1,902 |
1,684 |
1,753 |
Tangible assets |
|
175 |
261 |
793 |
Intangible assets |
|
1 |
6 |
147 |
Investments |
|
- |
1 |
1 |
Subsidiaries and other business units |
|
18 |
69 |
32 |
Non-current assets held for sale and associated liabilities |
|
870 |
1,347 |
780 |
Held-to-maturity investments |
|
838 |
- |
- |
Other collections related to investing activities |
|
- |
- |
- |
CASH FLOWS FROM FINANCING ACTIVITIES (3) |
53
|
(1,269) |
1,148 |
(74) |
Investment |
|
6,282 |
12,410 |
10,012 |
Dividends |
|
1,031 |
1,218 |
1,567 |
Subordinated liabilities |
|
230 |
2,846 |
1,667 |
Common stock amortization |
|
- |
- |
- |
Treasury stock acquisition |
|
4,825 |
7,828 |
6,431 |
Other items relating to financing activities |
|
196 |
518 |
347 |
Divestments |
|
5,013 |
13,558 |
9,938 |
Subordinated liabilities |
|
- |
1,205 |
3,103 |
Common stock increase |
|
- |
4,914 |
- |
Treasury stock disposal |
|
5,013 |
7,439 |
6,835 |
Other items relating to financing activities |
|
- |
- |
- |
EFFECT OF EXCHANGE RATE CHANGES (4) |
|
(960) |
1,063 |
(161) |
NET INCREASE/DECREASE IN CASH OR CASH EQUIVALENTS (1+2+3+4) |
|
10,960 |
3,636 |
1,689 |
CASH OR CASH EQUIVALENTS AT BEGINNING OF THE YEAR |
|
19,967 |
16,331 |
14,642 |
CASH OR CASH EQUIVALENTS AT END OF THE YEAR |
|
30,927 |
19,967 |
16,331 |
COMPONENTS OF CASH AND EQUIVALENT AT END OF THE YEAR |
Notes |
Millions of Euros |
2011 |
2010 (*) |
2009 (*) |
Cash |
|
4,611 |
4,284 |
4,218 |
Balance of cash equivalent in central banks |
|
26,316 |
15,683 |
12,113 |
Other financial assets |
|
- |
- |
- |
Less: Bank overdraft refundable on demand |
|
- |
- |
- |
TOTAL CASH OR CASH EQUIVALENTS AT END OF THE YEAR |
9
|
30,927 |
19,967 |
16,331 |
Of which:
|
|
|
|
|
Held by consolidated subsidiaries but not available for the Group |
|
- |
- |
- |
(*) Presented for comparison purposes only.
The accompanying Notes 1 to 59 and Appendices I to XII are an integral part of the consolidated statement of cash flows for the year ended December 31, 2011.