Mizuho Bank Europe Annual Report 2018

44 MIZUHO BANK EUROPE N.V. 5.3 Cash Flow Statement (in €’000) 2018 2017 Net result 21,380 16,666 Provisions 19 (481) 2,516 Amortization intangible fixed assets 9 242 270 Depreciation tangible fixed assets 10 395 412 Amortization of debt securities 8 2,335 7,857 Movement in derivatives 11/17 759 491 Movement deferred taxes 12 552 (528) Adjustments 3,802 11,018 Loans to banks other than on demand 6 198,237 (308,049) Amounts owed to banks other than on demand 15 278,310 (93,738) Loans and advances to customers 7 (235,514) 224,723 Amounts owed to customers 16 282,684 (228,846) Other assets 13 14,252 114,407 Prepayments and accrued interest 14 (1,324) 6,359 Other liabilities 18 (30,708) (54,207) Cash flow from operating activities 505,937 (339,351) Investment in intangible fixed assets 9 (516) (54) Investment in tangible fixed assets 10 (201) (466) Redemptions of debt securities 8 100,000 150,000 Disposals of intangible fixed assets 9 - - Disposals of tangible fixed assets 10 34 61 Cash flow from investment activities 99,317 149,541 Capital increase 20 - 50,000 Cash flow from finance activities - 50,000 Net cash flow 630,436 (112,126) Cash and cash equivalents at start of year 37 812,638 924,764 Cash and cash equivalents at end of year 37 1,443,074 812,638 630,436 (112,126)