Consolidated cash flow statement
Change in cash and cash equivalents |
2020 |
2019 |
||||
|---|---|---|---|---|---|---|
Result of the period |
242,668 |
413,088 |
||||
Change in underwriting provisions net |
-496,340 |
697,415 |
||||
Change in underwriting receivables and liabilities |
-38,154 |
50,372 |
||||
Change in other receivables and other liabilities (excl. leases) |
76,321 |
96,646 |
||||
Change in financial assets recognised at fair value through profit and loss |
-14,756 |
-14,292 |
||||
Gain/ |
-132,379 |
-211,826 |
||||
Appreciation/ |
129,354 |
125,734 |
||||
Change in provisions for pensions and similar obligations and provisions for other employee benefits |
-2,311 |
111,061 |
||||
Change in deferred taxes |
-95,263 |
-4,081 |
||||
Change in intangible assets |
286,510 |
189,028 |
||||
Change in right-of-use assets and lease receivables and liabilities |
65 |
44,995 |
||||
Change in other balance sheet items |
-55,569 |
51,974 |
||||
Other cash-neutral income and expenses1 |
410,474 |
-251,350 |
||||
Cash flow from operating activities |
310,620 |
1,298,764 |
||||
Payments for the acquisition of subsidiaries |
-8,895 |
-68,631 |
||||
Payments for the acquisition of at equity consolidated companies |
0 |
-153 |
||||
Cash inflow from the sale of available for sale financial assets |
2,699,733 |
2,946,231 |
||||
Payments for the acquisition of available for sale finanical assets |
-3,360,990 |
-3,420,012 |
||||
Cash inflow from disposals/ |
425,385 |
260,575 |
||||
Payments for the acquisition of held to maturity financial assets |
-156,934 |
-64,117 |
||||
Cash inflow from the sale of property |
7,783 |
70,834 |
||||
Payments for the acquisition of property |
-152,911 |
-387,667 |
||||
Cash inflow for the sale of intangible assets |
4,606 |
6,088 |
||||
Payments for the acquisition of intangible assets |
-117,462 |
-170,239 |
||||
Change in financial investments for unit-linked and index-linked life insurance |
695,280 |
120,203 |
||||
Change of loans |
-102,570 |
-19,252 |
||||
Change in other investments (excl. deposits on assumed reinsurance business) |
165,623 |
-159,864 |
||||
Cash flow from investing activities |
98,648 |
-886,004 |
||||
Cash outflows from subordinated liabilities |
-64,518 |
-64,917 |
||||
Dividend payments |
-155,389 |
-142,573 |
||||
Cash inflow from other financing activities |
153,239 |
131,142 |
||||
Cash outflow from other financing activities |
-23,682 |
-130,335 |
||||
Cash outflows from lease liabilities |
-33,282 |
-33,615 |
||||
Cash flow from financing activities |
-123,632 |
-240,298 |
||||
Change in cash and cash equivalents |
285,636 |
172,462 |
||||
|
|
|
||||
Cash and cash equivalents at beginning of period2 |
1,443,358 |
1,347,279 |
||||
Change in cash and cash equivalents |
285,636 |
172,462 |
||||
Changes in scope of consolidation |
30,603 |
-77,478 |
||||
Effects of foreign currency exchange differences on cash and cash equivalents |
-14,450 |
1,095 |
||||
Cash and cash equivalents at end of period2 |
1,745,147 |
1,443,358 |
||||
|
||||||
Additional information statement of consolidated cash flows |
2020 |
2019 |
||||
|---|---|---|---|---|---|---|
Received interest1 |
707,750 |
766,045 |
||||
Received dividends1 |
46,777 |
56,300 |
||||
Interest paid2 |
70,424 |
85,923 |
||||
Income taxes paid1 |
210,520 |
73,458 |
||||
|
|
|
||||
Expected cash flow from reclassified securities |
6,086 |
7,562 |
||||
Effective interest rate of reclassified securities |
3.80% |
4.60% |
||||
|
||||||
Reconciliation of liabilities from financing activities |
31.12.2020 |
|||||||
|---|---|---|---|---|---|---|---|---|
Subordinated liabilities (including interest)1 |
Liabilities to financial institutions |
Lease liabilities |
Financing liabilities2 |
|||||
Book value as of 31.12. of the previous year |
1,496,971 |
215,418 |
199,332 |
74,539 |
||||
Cash changes |
-64,518 |
103,795 |
-33,282 |
25,762 |
||||
Cash inflows |
0 |
124,739 |
0 |
28,500 |
||||
Payments |
0 |
-16,803 |
-33,282 |
-889 |
||||
Interest paid |
-64,518 |
-4,141 |
0 |
-1,849 |
||||
Non-cash changes |
63,908 |
6,054 |
23,712 |
1,903 |
||||
Additions |
64,614 |
6,055 |
26,415 |
2,303 |
||||
Disposals |
0 |
0 |
-247 |
0 |
||||
Measurement changes |
0 |
0 |
-16 |
-387 |
||||
Exchange rate differences |
-706 |
-1 |
-2,440 |
-13 |
||||
Book value as of 31.12. |
1,496,361 |
325,267 |
189,762 |
102,204 |
||||
|
||||||||
Reconciliation of liabilities from financing activities |
31.12.2019 |
||||||||
|---|---|---|---|---|---|---|---|---|---|
Subordinated liabilities (including interest)1 |
Liabilities to financial institutions |
Liabilities from public funding |
Lease liabilities |
Financing liabilities2 |
|||||
Book value as of 31.12. of the previous year |
1,490,839 |
1,230,601 |
105,143 |
|
1,520,242 |
||||
Cash changes |
-64,917 |
-10,602 |
2,695 |
-33,615 |
8,714 |
||||
Cash inflows |
0 |
81,663 |
4,344 |
0 |
45,135 |
||||
Payments |
-350 |
-81,766 |
-1,621 |
-33,615 |
-26,925 |
||||
Interest paid |
-64,567 |
-10,499 |
-28 |
0 |
-9,496 |
||||
Non-cash changes |
71,049 |
-1,004,581 |
-107,838 |
232,947 |
-1,454,417 |
||||
Additions |
64,490 |
10,628 |
218 |
317,485 |
13,526 |
||||
Disposals |
0 |
0 |
-180 |
-32 |
-16,432 |
||||
Changes in scope of consolidation |
6,000 |
-1,015,209 |
-107,876 |
-84,487 |
-1,420,785 |
||||
Reclassifications |
301 |
0 |
0 |
0 |
-31,077 |
||||
Measurement changes |
0 |
0 |
0 |
0 |
342 |
||||
Exchange rate differences |
258 |
0 |
0 |
-19 |
9 |
||||
Book value as of 31.12. |
1,496,971 |
215,418 |
0 |
199,332 |
74,539 |
||||
|
|||||||||