Group Financial Statements
Consolidated Statement of Cash Flows
from 1 January to 31 December 2016
In € thousand |
Notes |
1-12/2016 |
1-12/2015 |
Profit/(loss) for the year |
|
149,618 |
340,682 |
Impairment losses, amortisation of goodwill and other intangible assets, and depreciation of property, plant and equipment |
|
62,379 |
55,952 |
Impairment losses/reversal of impairment losses on other investments |
|
97,956 |
–2,849 |
Gain/loss on the disposal of investments |
|
–22,639 |
–77,287 |
Change in deferred acquisition costs |
|
10,383 |
21,279 |
Change in securities at fair value through profit or loss |
|
150,982 |
12,364 |
Change in direct insurance receivables |
|
23,412 |
70,596 |
Change in other receivables |
103,324 |
32,255 |
|
Change in direct insurance liabilities |
|
–36,603 |
–129,565 |
Change in other liabilities |
|
25,130 |
57,699 |
Change in technical provisions |
382,945 |
–129,387 |
|
Change in defined benefit obligation |
–10,067 |
–68,830 |
|
Change in deferred tax assets and deferred tax liabilities |
–27,961 |
6,369 |
|
Change in other statement of financial position items |
68,033 |
–42,504 |
|
Net cash flow from operating activities |
|
976,893 |
146,773 |
of which from discontinued operations |
|
586,541 |
0 |
|
|
|
|
Proceeds from disposal of intangible assets and property, plant and equipment |
|
3,504 |
14,500 |
Payments for acquisition of intangible assets and property, plant and equipment |
|
–46,926 |
–16,965 |
Proceeds from disposal of consolidated companies |
|
16,409 |
2,136 |
Payments for acquisition of consolidated companies |
–3,293 |
–1,237 |
|
Proceeds from disposal and maturity of other investments |
4,978,861 |
4,548,683 |
|
Payments for acquisition of other investments |
|
–5,860,659 |
–5,293,419 |
Change in unit-linked and index-linked life insurance investments |
|
–7,395 |
159,902 |
Net cash flow from investing activities |
|
–919,500 |
–586,399 |
of which from discontinued operations |
|
–593,261 |
0 |
|
|
|
|
Dividend payments |
–145,958 |
–129,621 |
|
Transactions between owners |
–644 |
–10,746 |
|
Proceeds from other financing activities |
|
0 |
495,745 |
Payments from other financing activities |
|
–251,922 |
–1,034 |
Net cash flow from financing activities |
|
–398,524 |
354,345 |
of which from discontinued operations |
|
0 |
|
|
|
|
|
Change in cash and cash equivalents |
|
–341,131 |
–85,280 |
Change in cash and cash equivalents due to acquisitions or disposals of consolidated subsidiaries |
|
770 |
0 |
of which from discontinued operations |
|
–6,719 |
0 |
Change in cash and cash equivalents due to movements in exchange rates |
|
982 |
–401 |
Cash and cash equivalents at beginning of year |
|
890,083 |
975,764 |
Cash and cash equivalents at end of period |
|
549,934 |
890,083 |
|
|
|
|
Income taxes paid (Net cash flow from operating activities) |
–49,786 |
–63,518 |
|
Interest paid (Net cash flow from operating activities) |
|
–91,997 |
–64,842 |
Interest received (Net cash flow from operating activities) |
|
554,868 |
569,996 |
Dividends received (Net cash flow from operating activities) |
77,418 |
62,185 |
|