Cash flow statement for the 2008 financial year
|
2008 |
2007 1) |
|
|
Figures in EUR million |
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|
I. 1. Net income |
121 |
999 |
|
I. 2. Changes in technical provisions |
1,834 |
1,893 |
|
I. 3. Changes in deferred acquisition costs |
–322 |
–228 |
|
I. 4. Changes in funds held and in accounts receivable and payable |
–2,772 |
–867 |
|
I. 5. Net changes in contract deposits |
1,924 |
207 |
|
I. 6. Changes in other receivables and liabilities |
9 |
414 |
|
I. 7. Changes in financial instruments held for trading |
–234 |
29 |
|
I. 8. Net gains and losses on investments |
–148 |
–242 |
|
I. 9. Changes in other balance sheet items |
–81 |
–109 |
|
I. 10. Other non-cash expenses and income as well as adjustments to net income |
632 |
1,448 |
|
I. Cash flows from operating activities |
963 |
3,544 |
|
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|
II. 1. Cash inflow from the sale of consolidated companies |
–7 |
384 |
|
II. 2. Cash outflow from the purchase of consolidated companies |
–21 |
–527 |
|
II. 3. Cash inflow from the sale of real estate |
29 |
756 |
|
II. 4. Cash outflow from the purchase of real estate |
–102 |
–53 |
|
II. 5. Cash inflow from the sale and maturity of financial instruments |
21,169 |
14,868 |
|
II. 6. Cash outflow from the purchase of financial instruments |
–23,055 |
–17,632 |
|
II. 7. Changes in investments for the account and risk of holders of life insurance policies |
946 |
–704 |
|
II. 8. Changes in other invested assets |
–76 |
–535 |
|
II. Cash flows from investing activities |
–1,117 |
–3,443 |
|
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|
III. 1. Dividends paid |
–213 |
–122 |
|
III. 2. Net changes from other financing activities |
–247 |
408 |
|
III. Cash flows from financing activities |
–460 |
286 |
|
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|
Change in cash and cash equivalents (I.+II.+III.) |
–614 |
387 |
|
Cash and cash equivalents at the beginning of the financial year |
2,038 |
1,670 |
|
Cash and cash equivalents – exchange rate differences on cash |
–12 |
–19 |
|
Cash and cash equivalents of companies no longer included in the consolidated financial statements |
4 |
— |
|
Cash and cash equivalents at the end of the financial year |
1,408 |
2,038 |
|
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|
Additional information |
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|
Taxes paid |
201 |
103 |
| Interest paid | 284 | 237 |
1) Adjusted on the basis of IAS 8 |
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