|
in € thousand |
2014 |
2013 |
|
Profit/(loss) for the year including share attributable to non-controlling interests |
|
|
|
Profit for the year |
292,877 |
287,858 |
|
of which interest and dividend payments |
–25,372 |
–12,261 |
|
Non-controlling interests |
–3,014 |
–3,198 |
|
Change in technical provisions (net) |
1,140,249 |
435,952 |
|
Change in deferred acquisition costs |
–4,451 |
–62,520 |
|
Change in direct insurance receivables and liabilities |
19,526 |
–105,070 |
|
Change in other receivables and liabilities |
–110,874 |
–116,718 |
|
Change in securities at fair value through profit or loss |
59,044 |
231,072 |
|
Gain/(loss) on the disposal of investments |
–1,347,215 |
–181,034 |
|
Impairment losses/reversal of impairment losses on other investments |
–13,490 |
195,233 |
|
Change in pension and termination benefit provision |
24,913 |
20,137 |
|
Change in deferred tax assets and liabilities |
156,461 |
–42,104 |
|
Change in other statement of financial position items |
12,615 |
20,406 |
|
Change in goodwill and intangible assets |
52,260 |
14,293 |
|
Other non-cash income and expenses as well as adjustments to profit for the year |
–95,051 |
–66,279 |
|
Net cash flows from operating activities |
183,849 |
628,027 |
|
of which cash flows from income taxes |
–35,141 |
–72,844 |
|
|
|
|
|
Proceeds from disposal of consolidated companies |
34,303 |
17,659 |
|
Payments for acquisition of consolidated companies |
–72,247 |
–7,988 |
|
Proceeds from disposal and maturity of other investments |
9,614,624 |
5,393,791 |
|
Payments for acquisition of other investments |
–9,236,185 |
–6,875,941 |
|
Change in unit-linked and index-linked life insurance investments |
–54,039 |
–308,847 |
|
Net cash flows used in investing activities |
286,457 |
–1,781,325 |
|
|
|
|
|
Increase in share capital |
0 |
725,326 |
|
Change in treasury shares held |
0 |
0 |
|
Dividend payments |
–109,342 |
–53,357 |
|
Proceeds and payments from other financing activities |
–1,843 |
141,041 |
|
Net cash flows used in financing activities |
–111,185 |
813,009 |
|
|
|
|
|
Change in cash and cash equivalents |
359,121 |
–340,289 |
|
Change in cash and cash equivalents due to movements in exchange rates |
–334 |
–2,800 |
|
Cash and cash equivalents at beginning of the year |
616,976 |
960,065 |
|
Cash and cash equivalents at end of period |
975,764 |
616,976 |
|
of which cash flow from income taxes |
–35,141 |
–72,844 |
Cash and cash equivalents correspond to item L. of the assets: Current bank balances and cash-in-hand.
