Consolidated cash flow statement as at 30 September 2014
Consolidated cash flow statement as at 30 September 2014
| in EUR thousand |
1.1. – 30.9.2014 |
1.1. – 30.9.20131 |
||
|---|---|---|---|---|
| I. | Cash flow from operating activities | |||
| Net income | 760,131 | 666,279 | ||
| Appreciation/depreciation | 33,105 | 21,701 | ||
| Net realised gains and losses on investments | (137,356) | (97,413) | ||
| Change in fair value of financial instruments | 8,823 | 18,796 | ||
| Realised gains and losses on deconsolidation | (2,602) | (6,661) | ||
| Income from the recognition of negative goodwill | – | (176) | ||
| Amortisation of investments | 58,522 | 71,857 | ||
| Changes in funds withheld | (344,432) | (168,622) | ||
| Net changes in contract deposits | (32,913) | 163,211 | ||
| Changes in prepaid reinsurance premium (net) | 351,545 | 247,264 | ||
| Changes in tax assets/provisions for taxes | 201,845 | 558 | ||
| Changes in benefit reserve (net) | 43,876 | (98,205) | ||
| Changes in claims reserves (net) | 935,513 | 1,041,278 | ||
| Changes in deferred acquisition costs | (77,797) | 42,863 | ||
| Changes in other technical provisions | 4,610 | 62,488 | ||
| Changes in clearing balances | (223,420) | (275,908) | ||
| Changes in other assets and liabilities (net) | (202,143) | (13,369) | ||
| Cash flow from operating activities | 1,377,307 | 1,675,941 | ||
| 1 Adjusted pursuant to IAS 8 (cf. Section 2 of the notes) | ||||
| in EUR thousand |
1.1. – 30.9.2014 |
1.1. – 30.9.2013 |
||
|---|---|---|---|---|
| II. | Cash flow from investing activities | |||
| Fixed-income securities – held to maturity | ||||
| Maturities | 442,833 | 883,773 | ||
| Purchases | (4,582) | (46,980) | ||
| Fixed-income securities – loans and receivables | ||||
| Maturities, sales | 348,139 | 390,717 | ||
| Purchases | – | (254,586) | ||
| Fixed-income securities – available for sale | ||||
| Maturities, sales | 8,193,066 | 6,091,855 | ||
| Purchases | (9,318,583) | (7,876,488) | ||
| Fixed-income securities – at fair value through profit or loss | ||||
| Maturities, sales | 9,636 | 74,639 | ||
| Purchases | (24,556) | (11,548) | ||
| Equity securities – available for sale | ||||
| Sales | 9,923 | 9,715 | ||
| Purchases | (8,546) | (9,247) | ||
| Other financial assets – at fair value through profit or loss | ||||
| Sales | 19,321 | 44 | ||
| Purchases | (6,409) | (325) | ||
| Other invested assets | ||||
| Sales | 114,426 | 93,553 | ||
| Purchases | (191,724) | (120,456) | ||
| Affiliated companies and participating interests | ||||
| Sales | – | 9,178 | ||
| Purchases | (44,975) | (2,787) | ||
| Real estate and real estate funds | ||||
| Sales | 53,364 | 35,039 | ||
| Purchases | (201,107) | (371,855) | ||
| Short-term investments | ||||
| Changes | (948) | (144,281) | ||
| Other changes (net) | (29,367) | (23,142) | ||
| Cash flow from investing activities | (640,089) | (1,273,182) | ||
| III. | Cash flow from financing activities | |||
| Contribution from capital measures | 2,991 | 119 | ||
| Payment on capital measures | (2,152) | (3,985) | ||
| Structural change without loss of control | (10) | 80 | ||
| Dividends paid | (402,728) | (409,763) | ||
| Proceeds from long-term debts | 554,627 | 50,954 | ||
| Repayment of long-term debts | (757,608) | (28) | ||
| Acquisition/disposal of treasury shares | (13) | 5 | ||
| Cash flow from financing activities | (604,893) | (362,618) | ||
| IV. | Exchange rate differences on cash | 47,259 | (20,908) | |
| Cash and cash equivalents at the beginning of the period | 642,936 | 572,188 | ||
| Change in cash and cash equivalents (I.+II.+III.+IV.) | 179,584 | 19,233 | ||
| Changes in the consolidated group | (4,059) | (3,833) | ||
| Cash and cash equivalents at the end of the period | 818,461 | 587,588 | ||
| Supplementary information on the cash flow statement1 | ||||
| Income taxes paid (on balance) | (36,343) | (216,956) | ||
| Dividend receipts2 | 65,230 | 42,413 | ||
| Interest received | 966,095 | 1,083,589 | ||
| Interest paid | (127,905) | (151,111) | ||
| 1 The income taxes paid as well as the dividend receipts and interest received are included entirely in the cash flow from operating activities. The interest paid is attributable in an amount of EUR 28,347 thousand (EUR 32,233 thousand) to the cash flow from operating activities and in an amount of EUR 118,275 thousand (EUR 118,878 thousand) to the cash flow from financing activities. 2 Including dividend-like profit participations from investment funds |
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