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|
2011 |
2010 |
|
in EUR '000 |
|
|
|
Profit of the period |
441,909 |
413,250 |
|
Change in underwriting provisions net |
464,526 |
1,759,443 |
|
Change in underwriting receivables and liabilities |
338 |
-93,484 |
|
Change in deposit receivables and liabilities, as well as in reinsurance receivables and liabilities |
53,421 |
-33,059 |
|
Change in other receivables and liabilities |
-18,070 |
182,731 |
|
Change in securities held for trading |
50,092 |
27,453 |
|
Gain/loss from disposal of investments |
-79,725 |
-144,732 |
|
Depreciation/appreciation of all other investments |
312,519 |
134,836 |
|
Change in pension, severance and other personnel provisions |
-7,797 |
2,361 |
|
Change in deferred tax asset/liability excl. tax liabilities |
53,658 |
-18,803 |
|
Change in other balance sheet items |
23,028 |
-28,372 |
|
Change in goodwill and other intangible assets |
33,373 |
8,646 |
|
Other cash-neutral income and expenses and adjustments to the result of the period |
210,985 |
-115,603 |
|
Cash flow from operating activities |
1,538,257 |
2,094,667 |
|
Cash inflow from the sale of fully and at equity consolidated companies |
0 |
21,825 |
|
Payments for the acquisition of fully and at equity consolidated companies |
-26,015 |
-248,313 |
|
Cash inflow from the sale of securities available for sale |
3,203,241 |
2,011,857 |
|
Payments for the acquisition of available for sale securities |
-3,465,122 |
-3,179,061 |
|
Cash inflow from the sale of securities held to maturity |
356,298 |
430,831 |
|
Payments for the addition of securities held to maturity |
-411,498 |
-476,609 |
|
Cash inflow from the sale of land and buildings |
43,519 |
138,530 |
|
Payments for the acquisition of land and buildings |
-482,064 |
-348,116 |
|
Change in unit- and index-linked life insurance items |
-279,711 |
-412,002 |
|
Change in other investments |
-70,755 |
49,119 |
|
Cash flow from investing activities |
-1,132,107 |
-2,011,939 |
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Decrease/increase in subordinated liabilities |
-7,500 |
-5,914 |
|
Dividend payments |
-177,664 |
-160,582 |
|
Cash in- and outflow from other financing activities |
-58,839 |
-25,275 |
|
Cash flow from financing activities |
-244,003 |
-191,771 |
|
Change in cash and cash equivalents |
162,147 |
-109,043 |
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|
|
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Cash and cash equivalents at beginning of period |
396,030 |
484,523 |
|
Change in cash and cash equivalents |
162,147 |
-109,043 |
|
Change in scope of consolidation |
6,537 |
36,352 |
|
Effects of foreign currency exchange differences on cash and cash equivalents |
3,403 |
-15,802 |
|
Cash and cash equivalents at end of period |
568,117 |
396,030 |
|
thereof non-profit housing societies |
117,480 |
106,073 |
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|
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Additional information |
|
|
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Received interest |
775,015 |
747,433 |
|
Received dividends |
177,083 |
182,683 |
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Interest paid |
67,168 |
58,744 |
|
Income taxes paid |
84,444 |
76,578 |
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Expected cash flow from reclassified securities |
47,905 |
50,062 |
|
Effective interest rate of reclassified securities |
5.07% |
5.41% |
