CFM INDOSUEZ Wealth Management - 2019 annual report

The cash flow statement is presented using the indirect method. Operating activities represent CFM Indosuez Wealth Group’s income-generating activities. Taxes are presented in full with the operating activities. Investment activities represent cash flows for the acquisition and sale of interests in consolidated and non-consolidated companies, and property, plant and equipment and intangible assets. Financing activities reflect changes in financial structure relating to shareholders’ equity and long-term borrowings. The concept of net cash position includes cash, accounts receivable from and payable to central banks, as well as asset and liability accounts and demand loans with credit institutions. 56 C a s h f l o w s t a t e m e n t CFM Indosuez Wealth Management