Consolidated cash flow statement for the period from 1 January 2015 to 31 December 2015
in EUR ’000 |
2015 |
2014 |
||||||||
|
||||||||||
Profit of the period |
110,333 |
391,360 |
||||||||
Change in underwriting provisions net |
877,924 |
615,626 |
||||||||
Change in underwriting receivables and liabilities |
65,664 |
177,489 |
||||||||
Change in deposit receivables and liabilities, as well as in reinsurance receivables and liabilities |
12,249 |
-50,614 |
||||||||
Change in other receivables and liabilities |
-75,212 |
-15,631 |
||||||||
Change in securities held for trading |
73,217 |
130,317 |
||||||||
Gains/losses from disposal of investments |
-200,002 |
-171,445 |
||||||||
Depreciation/appreciation of all other investments |
82,979 |
143,870 |
||||||||
Change in pension, severance payment and other personnel provisions |
-56,988 |
83,356 |
||||||||
Change in deferred tax assets/liabilities excl. tax liabilities |
34,700 |
34,467 |
||||||||
Change in other balance sheet items |
-13,639 |
-2,352 |
||||||||
Change in goodwill and other intangible assets |
348,422 |
113,983 |
||||||||
Other cash-neutral income and expenses and adjustments to the result of the period1 |
-141,035 |
92,854 |
||||||||
Cash flow from operating activities |
1,118,612 |
1,543,280 |
||||||||
Cash inflow from the sale of fully and at equity consolidated companies |
64,306 |
4,165 |
||||||||
Payments for the acquisition of fully and at equity consolidated companies |
-26,065 |
-96,856 |
||||||||
Cash inflow from the sale of securities available for sale |
4,141,973 |
3,678,028 |
||||||||
Payments for the acquisition of available for sale securities |
-4,987,303 |
-4,578,929 |
||||||||
Cash inflow from the sale of securities held to maturity |
306,374 |
163,483 |
||||||||
Payments for the addition of securities held to maturity |
-277,784 |
-221,936 |
||||||||
Cash inflow from the sale of land and buildings |
29,531 |
54,888 |
||||||||
Payments for the acquisition of land and buildings |
-119,512 |
-245,455 |
||||||||
Incoming payments for the sale of intangible assets |
534 |
425 |
||||||||
Payments for the acquisition of intangible assets |
-54,543 |
-116,809 |
||||||||
Change in unit-linked and index-linked life insurance items |
-226,492 |
-168,375 |
||||||||
Change in other investments |
261,313 |
381,579 |
||||||||
Cash flow from investing activities |
-887,668 |
-1,145,792 |
||||||||
Corporate actions, incl. hybrid capital |
-60,519 |
0 |
||||||||
Increase in subordinated liabilities |
400,000 |
0 |
||||||||
Decrease in subordinated liabilities |
-39,892 |
-110,043 |
||||||||
Dividend payments |
-205,258 |
-206,089 |
||||||||
Cash outflow from other financing activities |
-2,597 |
-2,597 |
||||||||
Cash flow from financing activities |
91,734 |
-318,729 |
||||||||
Change in cash and cash equivalents |
322,678 |
78,759 |
||||||||
|
|
|
||||||||
Cash and cash equivalents at beginning of period2 |
781,987 |
719,953 |
||||||||
Change in cash and cash equivalents |
322,678 |
78,759 |
||||||||
Additions/disposals from change in consolidation method |
1,068 |
-22,309 |
||||||||
Effects of foreign currency exchange differences on cash and cash equivalents |
-2,499 |
5,584 |
||||||||
Cash and cash equivalents at end of period2 |
1,103,234 |
781,987 |
||||||||
|
|
|
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Additional information |
|
|
||||||||
Received interest4 |
796,235 |
805,578 |
||||||||
Received dividends4 |
154,416 |
165,085 |
||||||||
Interest paid3 |
48,417 |
60,262 |
||||||||
Income taxes paid4 |
61,510 |
91,946 |
||||||||
|
|
|
||||||||
Expected cash flow from reclassified securities |
22,653 |
26,609 |
||||||||
Effective interest rate of reclassified securities |
4.34 % |
4.73 % |