Consolidated cash flow statement as at 31 March 2013
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in EUR thousand |
|
1.1. - 31.3.2013 |
1.1. - 31.3.20121 |
I. |
Cash flow from operating activities |
|
|
|
Net income |
238,803 |
275,292 |
|
Appreciation/depreciation |
5,557 |
10,005 |
|
Net realised gains and losses on investments |
(34,772) |
(37,807) |
|
Net unrealised gains and losses on investments |
(3,311) |
(84,562) |
|
Effect on net income from deconsolidation |
(6,661) |
- |
|
Income from the recognition of negative goodwill |
(175) |
- |
|
Amortisation of investments |
33,037 |
18,879 |
|
Changes in funds withheld |
(137,259) |
(164,405) |
|
Net changes in contract deposits |
119,966 |
129,892 |
|
Changes in prepaid reinsurance premium (net) |
296,171 |
379,974 |
|
Changes in tax assets/provisions for taxes |
24,899 |
25,819 |
|
Changes in benefit reserve (net) |
63,952 |
60,625 |
|
Changes in claims reserves (net) |
719,543 |
531,229 |
|
Changes in deferred acquisition costs |
(17,742) |
(40,485) |
|
Changes in other technical provisions |
11,058 |
14,897 |
|
Changes in clearing balances |
(931,567) |
(425,852) |
|
Changes in other assets and liabilities (net) |
33,886 |
43,124 |
|
Cash flow from operating activities |
415,385 |
736,625 |
in EUR thousand |
|
1.1. - 31.3.2013 |
1.1. - 31.3.20121 |
I. |
Cash flow from operating activities |
|
|
|
Net income |
238,803 |
275,292 |
|
Appreciation/depreciation |
5,557 |
10,005 |
|
Net realised gains and losses on investments |
(34,772) |
(37,807) |
|
Net unrealised gains and losses on investments |
(3,311) |
(84,562) |
|
Effect on net income from deconsolidation |
(6,661) |
- |
|
Income from the recognition of negative goodwill |
(175) |
- |
|
Amortisation of investments |
33,037 |
18,879 |
|
Changes in funds withheld |
(137,259) |
(164,405) |
|
Net changes in contract deposits |
119,966 |
129,892 |
|
Changes in prepaid reinsurance premium (net) |
296,171 |
379,974 |
|
Changes in tax assets/provisions for taxes |
24,899 |
25,819 |
|
Changes in benefit reserve (net) |
63,952 |
60,625 |
|
Changes in claims reserves (net) |
719,543 |
531,229 |
|
Changes in deferred acquisition costs |
(17,742) |
(40,485) |
|
Changes in other technical provisions |
11,058 |
14,897 |
|
Changes in clearing balances |
(931,567) |
(425,852) |
|
Changes in other assets and liabilities (net) |
33,886 |
43,124 |
|
Cash flow from operating activities |
415,385 |
736,625 |
in EUR thousand |
|
1.1. - 31.3.2013 |
1.1. - 31.3.2012 |
II. |
Cash flow from investing activities |
|
|
|
Fixed-income securities – held to maturity |
|
|
|
Maturities |
330,017 |
146,191 |
|
Purchases |
(46,980) |
- |
|
Fixed-income securities – loans and receivables |
|
|
|
Maturities, sales |
89,969 |
166,857 |
|
Purchases |
(75,192) |
(39,418) |
|
Fixed-income securities – available for sale |
|
|
|
Maturities, sales |
2,340,604 |
2,434,153 |
|
Purchases |
(2,763,155) |
(3,285,477) |
|
Fixed-income securities – at fair value through profit or loss |
|
|
|
Maturities, sales |
21,205 |
11,918 |
|
Purchases |
(6,525) |
(31,599) |
|
Equity securities – available for sale |
|
|
|
Sales |
3,907 |
- |
|
Purchases |
(2,398) |
(1,568) |
|
Other financial assets – at fair value through profit or loss |
|
|
|
Sales |
- |
185 |
|
Other invested assets |
|
|
|
Sales |
27,091 |
11,239 |
|
Purchases |
(25,624) |
(32,637) |
|
Affiliated companies and participating interests |
|
|
|
Sales |
- |
23 |
|
Purchases |
- |
(8,202) |
|
Real estate and real estate funds |
|
|
|
Sales |
13,351 |
28,954 |
|
Purchases |
(180,098) |
(33,901) |
|
Short-term investments |
|
|
|
Changes |
(44,517) |
(32,666) |
|
Other changes (net) |
(4,641) |
(3,770) |
|
Cash flow from investing activities |
(322,986) |
(669,718) |
|
|
|
|
III. |
Cash flow from financing activities |
|
|
|
Contribution from capital measures |
309 |
94 |
|
Payment on capital measures |
(2,555) |
(3,982) |
|
Structural change without loss of control |
(22) |
- |
|
Dividends paid |
(47,504) |
(45,408) |
|
Proceeds from long-term debts |
4,551 |
- |
|
Repayment of long-term debts |
(9,947) |
(9,046) |
|
Cash flow from financing activities |
(55,168) |
(58,342) |
|
|
|
|
IV. |
Exchange rate differences on cash |
9,721 |
(12,688) |
|
Cash and cash equivalents at the beginning of the period |
572,188 |
506,963 |
|
Change in cash and cash equivalents (I. + II. + III. + IV.) |
46,952 |
(4,123) |
|
Changes in the consolidated Group |
(3,833) |
- |
|
Cash and cash equivalents at the end of the period |
615,307 |
502,840 |
|
Supplementary information on the cash flow statement2 |
|
|
|
Income taxes paid (on balance) |
(59,914) |
(38,608) |
|
Dividend receipts3 |
10,384 |
5,760 |
|
Interest received |
347,307 |
347,177 |
|
Interest paid |
(66,109) |
(63,757) |
See: Quarterly financial report incl. notes (PDF 1.0 MB)