Consolidated cash flow statement

Consolidated cash flow statement (unaudited) for the half year ended 30 June 2000     Half-year Half-year Year     30 June 30 June 31 December     2000 1999 1999   Notes Euro(m) Euro(m) Euro(m) Net cash inflow from operating activities   414 1,326 3,191      Dividends received from associated undertakings   - 1 2 Returns on investments and servicing of finance   (80) (59) (108) Equity dividends paid   (135) (127) (215) Taxation   (163) (118) (237) Capital expenditure   (1,416) (436) (1,405) Acquisitions and disposals   2 8 (391) Financing   160 251 640 (Decrease) / increase in cash 16(a) (1,218) 846 1,477 Reconciliation of Group operating profit to net    cash inflow/(outflow) from operating activities         Group operating profit   603 540 1,112 Provisions for bad and doubtful debts   70 35 85 Provision for contingent liabilities and commitments   (2) (2) 2 Depreciation and amortisation   80 53 127 Interest on subordinated liabilities   72 40 95 Profit on disposal of debt securities and equity shares   (3) (21) 31 Amount written off (written back) fixed asset investments   1 (1) 5 Increase in long-term assurance business   (31) (23) 47 Other movements - net   (149) 284 339 Net cash inflow from trading activities   641 905 1,687 Net increase in deposits by banks   2,565 1,835 479 Net increase in customer accounts   3,686 1,304 2,545 Net increase in loans and advances to customers   (3,240) (3,485) (5,398) Net decrease/(increase) in loans and advances to banks   (1,847) 893 2,748 Net decrease/(increase) in debt securities and equity shares   held for trading purposes   (535) (765) (542) Net increase in debt securities in issue   (705) 828 1,912 Effect of exchange translation and other adjustments   112 258 129 Other movements - net   (263) (447) (369)     (227) 421 1504 Net cash inflow from operating activities   414 1,326 3,191