In € thousand |
Notes |
2015 |
2014 |
Profit/(loss) for the year |
|
334,586 |
292,877 |
Amortisation of goodwill and other intangible assets, impairment losses and other depreciation of property, plant and equipment |
|
55,952 |
87,763 |
Impairment losses/reversal of impairment losses on other investments |
|
–2,849 |
–13,490 |
Gain/loss on the disposal of investments |
–100,009 |
–41,208 |
|
Change in deferred acquisition costs |
|
18,745 |
–4,451 |
Change in securities at fair value through profit or loss |
|
12,364 |
83,232 |
Change in direct insurance receivables |
|
70,596 |
26,756 |
Change in other receivables |
|
83,930 |
–123,711 |
Change in direct insurance liabilities |
|
–129,565 |
–7,230 |
Change in other liabilities |
|
57,699 |
1,423 |
Change in technical provisions |
|
–218,656 |
1,140,249 |
Change in defined benefit obligations |
|
–48,336 |
–2,509 |
Change in deferred tax assets and deferred tax liabilities |
|
–23,526 |
156,461 |
Change in other statement of financial position items |
|
–44,639 |
22,548 |
Other non-cash income and expenses as well as adjustments to profit for the year |
|
–16,796 |
–60,185 |
Cash flows from operating activities |
|
49,497 |
1,558,523 |
|
|
|
|
Proceeds from disposal of intangible assets and property, plant and equipment |
|
14,500 |
13,503 |
Payments for acquisition of intangible assets ad property, plant and equipment |
|
–31,716 |
–74,725 |
Proceeds from disposal of consolidated companies |
|
2,136 |
34,303 |
Payments for acquisition of consolidated companies |
|
–18,058 |
–72,247 |
Proceeds from disposal and maturity of other investments |
4,666,786 |
8,301,173 |
|
Payments for acquisition of other investments |
|
–5,293,419 |
–9,236,185 |
Change in unit-linked and index-linked life insurance investments |
|
159,902 |
–54,039 |
Net cash flow from investing activities |
|
–499,868 |
–1,088,217 |
|
|
|
|
Change in treasury shares held |
|
–129,621 |
–109,342 |
Dividend payments |
|
495,745 |
0 |
Proceeds from other financing activities |
|
–1,034 |
–1,843 |
Net cash flows from financing activities |
|
365,091 |
–111,185 |
|
|
|
|
Change in cash and cash equivalents |
|
–85,280 |
359,121 |
Change in cash and cash equivalents due to movements in exchange rates |
|
–401 |
–334 |
Cash and cash equivalents at beginning of the year |
|
975,764 |
616,976 |
Cash and cash equivalents at end of period |
|
890,083 |
975,764 |
Income taxes paid |
|
–63,518 |
–18,997 |
Interest paid |
|
–64,842 |
–65,797 |
Interest received |
|
569,996 |
607,524 |
Dividends received |
|
62,185 |
63,764 |
Consolidated Statement of Cash Flows
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