Consolidated cash flow statement
Change in cash and cash equivalents |
2023 |
2022 adjusted |
||
|---|---|---|---|---|
in EUR ‘000 |
|
|
||
Result for the period |
576,246 |
464,003 |
||
Adjustments for: |
-567,583 |
1,824,592 |
||
Amortisation, valuation and exchange rate differences of financial instruments |
-902,090 |
1,475,014 |
||
Impairment of goodwill and intangible assets |
103,301 |
48,068 |
||
Result from disposal of subsidiaries |
-1,751 |
8 |
||
Result from the disposals and depreciation of property |
110,085 |
84,500 |
||
Result from the disposal of financial assets incl. derivatives |
1,786 |
196,884 |
||
Share of profit of at equity accounted companies |
-16,466 |
-18,287 |
||
Dividends received included in the result for the period |
-58,891 |
-83,289 |
||
Income tax expenses |
196,443 |
121,694 |
||
Changes in: |
-80,793 |
-2,605,530 |
||
Financial assets incl. derivatives |
-754,203 |
-803,660 |
||
(Re-) insurance contracts |
618,307 |
-1,957,240 |
||
Contract assets and liabilities (IFRS 15) |
-5,668 |
132,573 |
||
Right-of-use assets and lease receivables and liabilities |
2 |
23,415 |
||
Receivables and liabilities (excl. leases) |
57,245 |
76,189 |
||
Intangible assets |
1,016 |
4,867 |
||
Property |
-7,019 |
-98,060 |
||
Other balance sheet items (other assets, Equipment (excl. property) and other liabilities) |
-35,015 |
-7,207 |
||
Provisions |
44,542 |
23,593 |
||
Other non-cash income and expenses* |
41,980 |
140,637 |
||
Paid/received income tax |
-109,175 |
-227,698 |
||
Cash flow from operating activities |
-139,325 |
-403,996 |
||
Received interest |
840,389 |
757,607 |
||
Received dividends |
58,891 |
83,289 |
||
Cash inflow from sale of subsidiaries |
0 |
90,995 |
||
Payments for the acquisition of subsidiaries |
-15,311 |
-407,433 |
||
Cash inflow from sale of financial instruments |
9,027,864 |
9,324,725 |
||
Payments for the acquisition of financial instruments |
-9,034,762 |
-9,434,482 |
||
Cash inflow from the sale of property |
10,928 |
4,809 |
||
Payments for the acquisition of property |
-264,793 |
-267,947 |
||
Cash inflow from the sale of intangible assets |
3,562 |
6,222 |
||
Payments for the acquisition of intangible assets |
-136,987 |
-135,378 |
||
Cash flow from investment activities |
489,781 |
22,407 |
||
Cash inflows from subordinated liabilities |
0 |
500,000 |
||
Payments from subordinated liabilities |
-469,987 |
-215,600 |
||
Cash inflows from financial liabilities excl. subordinated liabilities and lease liabilities |
532 |
68,007 |
||
Payments from financial liabilities excl. subordinated liabilities and lease liabilities |
-39,008 |
-76,830 |
||
Payments from lease liabilities |
-33,805 |
-33,217 |
||
Payments for the acquisition of non-controlling interests |
-284,707 |
-2,794 |
||
Paid dividends |
-185,708 |
-193,978 |
||
Paid interest |
-88,050 |
-78,057 |
||
Cash flow from financing activities |
-1,100,733 |
-32,469 |
||
Change in cash and cash equivalents |
-750,277 |
-414,058 |
||
|
||||
Development |
31/12/2023 |
31/12/2022 adjusted |
||
|---|---|---|---|---|
in EUR ‘000 |
|
|
||
Cash and cash equivalents at beginning of period* |
2,315,219 |
2,727,407 |
||
Change in cash and cash equivalents |
-750,277 |
-414,058 |
||
Changes in scope of consolidation |
8,643 |
4,765 |
||
Exchange rate differences on cash and cash equivalents |
-15,478 |
-2,895 |
||
Cash and cash equivalents at end of period* |
1,558,107 |
2,315,219 |
||
|
||||
Notes on the adjustment of the previous year’s figures compared to the consolidated cash flow statement published in the Group Annual Report 2022 can be found in the chapters Changes in accounting policies starting on page 81 and Identification of errors starting on page 82 (download as PDF file).