Fennia Annual Report 2014

Parent Company Cash Flow Statement

Parent Company Cash Flow Statement


Indirect cash flow statement


EUR 1,000

2014

2013

     

Cash flow from business operations

  
 

Profit on ordinary activities

23,122

6,894

 

Adjustments

  
  

Change in technical provisions

86,643

59,528

  

Value adjustments and revaluations on investments

4,063

8,743

  

Depreciation according to plan

15,925

13,244

  

Other

-51,439

-30,166

 

Cash flow before change in net working capital

78,315

58,242

 

Change in net working capital:

  
  

Increase/decrease in non-interest-earning receivables

-1,131

-33,895

  

Increase/decrease in non-interest-earning payables

-4,248

4,267

 

Cash flow from business operations before financial items and taxes

72,936

28,614

 

Interest paid on other financial expenses from operations

-206

-274

 

Taxes

-1,318

5,606

Cash flow from business operations

71,412

33,946

     

Cash flow from capital expenditures

  
 

Capital expenditure on investments (excl. funds)

-104,270

-66,662

 

Capital gain from investments (excl. funds)

58,922

30,497

 

Investments and income from the sale of tangible and

  
 

intangible assets and other assets (net)

-17,468

-24,004

Cash flow from capital expenditures

-62,816

-60,169

     

Cash flow from financing

  
 

Dividends paid/Interest paid on guarantee capital and other profit distribution

-

-4,037

Change in funds

8,596

-30,259

     
     

Funds on 1 Jan.

9,419

39,678

Funds on 31 Dec.

18,014

9,419

   

8,596

-30,259