Consolidated cash flow statement as at
30 September 2017
| EUR thousand | ||
|---|---|---|
| I. Cash flow from operating activities | ||
| Net income | 609,699 | 830,431 |
| Appreciation / depreciation | 29,234 | 82,382 |
| Net realised gains and losses on investments | (343,256) | (153,585) |
| Change in fair value of financial instruments (through profit or loss) | (22,114) | (29,238) |
| Realised gains and losses on deconsolidation | – | (1,921) |
| Income from the recognition of negative goodwill | – | (10,543) |
| Amortisation of investments | 42,807 | 62,300 |
| Changes in funds withheld | 77,834 | 232,154 |
| Net changes in contract deposits | 58,625 | (301,652) |
| Changes in prepaid reinsurance premium (net) | 608,224 | 393,446 |
| Changes in tax assets / provisions for taxes | (107,555) | 110,369 |
| Changes in benefit reserve (net) | (544,779) | (34,391) |
| Changes in claims reserves (net) | 1,783,412 | 778,888 |
| Changes in deferred acquisition costs | (138,395) | (36,085) |
| Changes in other technical provisions | 35,207 | 12,072 |
| Changes in clearing balances | (608,716) | (189,450) |
| Changes in other assets and liabilities (net) | (11,493) | (88,567) |
| Cash flow from operating activities | 1,468,734 | 1,656,610 |
| II. Cash flow from investing activities | (682,501) | (863,120) |
| III. Cash flow from financing activities | (686,791) | (623,457) |
| IV. Exchange rate differences on cash | (55,843) | (1,843) |
| Cash and cash equivalents at the beginning of the period | 848,667 | 820,995 |
| Change in cash and cash equivalents (I. + II. + III. + IV.) | 43,599 | 168,190 |
| Cash and cash equivalents at the end of the period | 892,266 | 989,185 |
| Supplementary information on the cash flow statement2 | ||
| Income taxes paid (on balance) | (264,597) | (200,442) |
| Dividend receipts3 | 180,062 | 103,892 |
| Interest received | 1,198,566 | 1,124,989 |
| Interest paid | (225,413) | (160,353) |
| 1 Adjusted pursuant to IAS 8 respectively IFRS 3 2 The income taxes paid, dividend receipts as well as interest received and paid are included entirely in the cash flow from operating activities. 3 Including dividend-like profit participations from investment funds |
||