Consolidated cash flow statement as at 31 March 2017
| in EUR thousand | 1.1. – 31.3.2017 | 1.1. – 31.3.20161 |
|---|---|---|
| I. Cash flow from operating activities | ||
| Net income | 286,385 | 286,862 |
| Appreciation / depreciation | 1,374 | 19,477 |
| Net realised gains and losses on investments | (24,083) | (43,578) |
| Change in fair value of financial instruments (through profit or loss) | (10,945) | (10,467) |
| Realised gains and losses on deconsolidation | – | (1,387) |
| Amortisation of investments | 13,396 | 20,165 |
| Changes in funds withheld | (444,377) | 58,330 |
| Net changes in contract deposits | 117,997 | (137,071) |
| Changes in prepaid reinsurance premium (net) | 343,210 | 253,270 |
| Changes in tax assets / provisions for taxes | 45,022 | 1,827 |
| Changes in benefit reserve (net) | 41,818 | (249,866) |
| Changes in claims reserves (net) | 307,640 | 344,755 |
| Changes in deferred acquisition costs) | (13,359) | (3,186) |
| Changes in other technical provisions | 9,516 | 21 |
| Changes in clearing balances | (424,978) | (266,978) |
| Changes in other assets and liabilities (net) | 140,501 | 12,113 |
| Cash flow from operating activities | 389,117 | 284,287 |
| II. Cash flow from investing activities | (98,170) | (38) |
| III. Cash flow from financing activities | (84,583) | (41,171) |
| IV. Exchange rate differences on cash | (4,546) | (14,213) |
| Cash and cash equivalents at the beginning of the period | 848,667 | 820,995 |
| Change in cash and cash equivalents (I. + II. + III. + IV.) | 201,818 | 228,865 |
| Cash and cash equivalents at the end of the period | 1,050,485 | 1,049,860 |
| Supplementary information on the cash flow statement2 | ||
| Income taxes paid (on balance) | (56,993) | (66,665) |
| Dividend receipts3 | 54,309 | 18,593 |
| Interest received | 414,069 | 406,936 |
| Interest paid | (62,188) | (31,850) |
| 1 Adjusted pursuant to IAS 8, cf. Group annual financial report 2016 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 |
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