Statement of Cash Flows
for the year ended 31 December 2016
| Discretionary | portfolio | Directed | portfolio | Total | |||
|---|---|---|---|---|---|---|---|
| Note | 2016 €m |
2015 €m |
2016 €m |
2015 €m |
2016 €m |
2015 €m |
|
| Cash flows from operating activities | |||||||
| Interest received | 60 | 46 | - | - | 60 | 46 | |
| Tax reclaims received | 6, 9 | 13 | 1 | - | - | 13 | 1 |
| Dividends received | 4.1, 9 | 19 | 34 | - | 446 | 19 | 480 |
| Other income received | 10 | 26 | - | - | 10 | 26 | |
| Proceeds from sale of investments | 10,380 |
7,207 |
- |
2,465 |
10,380 |
9,672 |
|
| Purchase of investments | (11,676) | (7,845) | (25) | - | (11,701) | (7,845) | |
| Net cash collateral received | 7 | (54) | 15 | - | - | (54) | 15 |
| Operating expenses paid | 5, 10 | (22) | (15) | - | - | (22) | (15) |
| Net cash from operating activities | (1,270) |
(531) |
(25) |
2,911 |
(1,295) |
2,380 |
|
Cash flows from financing activities |
|||||||
| Transfer between portfolios | - | 280 | - | (280) | - | - | |
| Transfer (to) / from the Exchequer | - |
335 |
- |
( 3,500) |
- |
(3,165) |
|
| Transfer from the NPRF | - | 0 | - | - | - | 0 | |
| Net cash from financing activities | - |
615 |
- |
(3,780) |
- |
(3,165) |
|
Net (decrease) / increase in cash and cash equivalents |
(1,270) |
84 |
(25) |
(869) |
(1,295) |
(785) |
|
| Opening cash and cash equivalents | 1,731 |
1,689 |
240 |
1,109 |
1,971 |
2,798 |
|
| Effect of exchange rate fluctuations on cash and cash equivalents | (34) |
(42) |
- |
- |
(34) |
(42) |
|
| Closing cash and cash equivalents | 427 |
1,731 |
215 |
240 |
642 |
1,971 |