Consolidated cash flow statement

Consolidated earnings

Write-downs/write-ups on investments

Of which write-downs/write-ups on equity-accounted participations

Write-downs/write-ups on intangible assets

Write-downs/write-ups on property, plant and equipment

Write-downs/write-ups on receivables

Change in net technical provisions

Change in non-technical provisions

Change in provision for investment risk

Loss/gain on disposal of property, plant and equipment

Change in deferred charges

Change in deferred income taxes

Change in receivables

Change in deferred credits

Change in liabilities

Cash flow from operating activities

Investment/divestment of investments

Valuation adjustments to investments

Investment/divestment of intangible assets

Investment/divestment of property, plant and equipment

Cash flow from investment activities

Dividends to shareholders

Dividends to non-controlling interests

Change in non-controlling interest/third parties

Cash flow from financing activities

Total cash flow = change in cash and cash equivalents

Cash and cash equivalents opening amount at 1.1

Cash and cash equivalents closing amount at 31.12

Change in cash and cash equivalents¹