Group Financial Statements
Consolidated Statement of Cash Flows
from 1 January to 31 December 2017
In € thousand |
Notes |
1–12/2017 |
1–12/2016 |
Profit/(loss) for the period |
|
162,788 |
149,618 |
Impairment losses, amortisation of goodwill and other intangible assets, and depreciation of property, plant and equipment |
|
42,684 |
62,379 |
Impairment losses/reversal of impairment losses on other investments |
|
160,387 |
97,956 |
Gain/loss on the disposal of investments |
|
–57,079 |
–22,639 |
Change in deferred acquisition costs |
|
1,697 |
10,383 |
Change in securities at fair value through profit or loss |
|
–104,686 |
150,982 |
Change in direct insurance receivables |
|
–1,868 |
23,412 |
Change in other receivables |
|
–8,046 |
103,324 |
Change in direct insurance liabilities |
|
5,440 |
–36,603 |
Change in other liabilities |
|
61,413 |
25,130 |
Change in technical provisions |
|
70,965 |
382,945 |
Change in defined benefit obligations |
|
–7,513 |
–10,067 |
Change in deferred tax assets and deferred tax liabilities |
|
26,800 |
–27,961 |
Change in other statement of financial position items |
|
131,442 |
68,033 |
Net cash flow from operating activities |
|
484,425 |
976,893 |
of which from discontinued operations |
|
258,179 |
586,541 |
|
|
|
|
Proceeds from disposal of intangible assets and property, plant and equipment |
|
4,566 |
3,504 |
Payments for acquisition of intangible assets and property, plant and equipment |
|
–76,857 |
–46,926 |
Proceeds from disposal of consolidated companies |
|
294,047 |
16,409 |
Payments for acquisition of consolidated companies |
|
0 |
–3,293 |
Proceeds from disposal and maturity of other investments |
|
4,703,412 |
4,978,861 |
Payments for acquisition of other investments |
|
–4,999,223 |
–5,860,659 |
Change in unit-linked and index-linked life insurance investments |
|
–154,564 |
–7,395 |
Net cash flow from investing activities |
|
–228,620 |
–919,500 |
of which from discontinued operations |
|
35,300 |
–593,261 |
|
|
|
|
Dividend payments |
–153,024 |
–145,958 |
|
Transactions between owners |
|
–26 |
–644 |
Payments from other financing activities |
–1,131 |
–251,922 |
|
Net cash flow from financing activities |
|
–154,181 |
–398,524 |
|
|
|
|
Change in cash and cash equivalents |
|
101,624 |
–341,131 |
Change in cash and cash equivalents due to acquisitions or disposals of consolidated subsidiaries |
|
0 |
770 |
of which from discontinued operations |
|
293,479 |
–6,719 |
Change in cash and cash equivalents due to movements in exchange rates |
|
–1,251 |
982 |
Cash and cash equivalents at beginning of year |
549,934 |
890,083 |
|
Cash and cash equivalents at end of period |
650,307 |
549,934 |
|
|
|
|
|
Income taxes paid (Net cash flow from operating activities) |
|
–21,705 |
–49,786 |
Interest paid (Net cash flow from operating activities) |
|
–76,966 |
–91,997 |
Interest received (Net cash flow from operating activities) |
|
443,344 |
554,868 |
Dividends received (Net cash flow from operating activities) |
|
27,528 |
77,418 |