Group Financial Statements
Consolidated Statement of Cash Flows
from 1 January until 31 December 2018
In € thousand |
Notes |
1–12/2018 |
1–12/2017 |
Profit/(loss) for the period |
|
235,148 |
184,410 |
Impairment losses, amortisation of goodwill and other intangible assets, and depreciation of property, plant and equipment |
|
42,397 |
42,684 |
Impairment losses/reversal of impairment losses on other investments |
|
61,040 |
160,387 |
Gain/loss on the disposal of investments |
|
–40,202 |
–57,103 |
Change in deferred acquisition costs |
|
–18,939 |
1,697 |
Change in securities at fair value through profit or loss |
|
143,880 |
–105,942 |
Change in direct insurance receivables |
|
79,230 |
–1,868 |
Change in other receivables |
|
–43,006 |
–18,385 |
Change in direct insurance liabilities |
|
–270,341 |
5,440 |
Change in other liabilities |
|
56,505 |
–12,521 |
Change in technical provisions |
|
–16,238 |
59,725 |
Change in defined benefit obligations |
|
–111,585 |
–7,513 |
Change in deferred tax assets and deferred tax liabilities |
|
25,795 |
27,615 |
Change in other statement of financial position items |
|
–148,439 |
194,748 |
Net cash flow from operating activities |
|
–4,755 |
473,376 |
of which from discontinued operations |
|
0 |
258,179 |
|
|
|
|
Proceeds from disposal of intangible assets and property, plant and equipment |
|
8,170 |
4,566 |
Payments for acquisition of intangible assets and property, plant and equipment |
|
–122,833 |
–76,857 |
Proceeds from disposal of consolidated companies |
|
56,887 |
294,047 |
Proceeds from disposal and maturity of other investments |
|
5,826,647 |
4,714,461 |
Payments for acquisition of other investments |
|
–5,834,229 |
–4,999,223 |
Change in unit-linked and index-linked life insurance investments |
|
283,310 |
–154,564 |
Net cash flow from investing activities |
|
209,981 |
–217,571 |
of which from discontinued operations |
|
0 |
35,300 |
|
|
|
|
Dividend payments |
–158,143 |
–153,024 |
|
Transactions between owners |
|
–1,438 |
–26 |
Proceeds from other financing activities |
|
772,196 |
0 |
Payments from other financing activities |
–23,704 |
–1,131 |
|
Net cash flow from financing activities |
|
588,911 |
–154,181 |
|
|
|
|
Change in cash and cash equivalents |
|
794,137 |
101,624 |
Change in cash and cash equivalents due to acquisitions or disposals of consolidated subsidiaries |
|
1,894 |
0 |
of which from discontinued operations |
|
0 |
293,479 |
Change in cash and cash equivalents due to movements in exchange rates |
|
–54 |
–1,251 |
Cash and cash equivalents at beginning of year |
650,307 |
549,934 |
|
Cash and cash equivalents at end of period |
1,444,391 |
650,307 |
|
|
|
|
|
Income taxes paid (Net cash flow from operating activities) |
|
–31,229 |
–21,705 |
Interest paid (Net cash flow from operating activities) |
|
–58,876 |
–66,048 |
Interest received (Net cash flow from operating activities) |
|
404,984 |
443,344 |
Dividends received (Net cash flow from operating activities) |
|
57,961 |
27,528 |