Sampo Group

Annual Report 2011
Statement of Changes in Equity, IFRS
Notes to the Accounts
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Statement of Cash Flows, IFRS
               
        2011 2010
Operating activities
  Profit before taxes 1,228 1,320
  Adjustments:        
    Depreciation and amortisation       18 29
    Unrealised gains and losses arising from valuation       530 -458
    Realised gains and losses on investments       -130 -279
    Change in liabilities for insurance and investment contracts -95 331
    Other adjustments       -885 -515
  Adjustments total     -562 -892
               
  Change (+/-) in assets of operating activities        
    Investments *)       17 74
    Other assets       -130 73
  Total     -113 148
               
  Change (+/-) in liabilities of operating activities        
    Financial liabilities       101 -9
    Other liabilities       -307 -132
    Paid taxes       -241 -288
  Total     -447 -429
               
  Net cash from operating activities     106 147
               
Investing activities          
    Investments in group and associated undertakings       -119 62
    Net investment in equipment and intangible assets       -17 5
  Net cash used in investing activities     -136 67
               
Financing activities          
    Acquisition of own shares       -24 -
    Dividends paid       -637 -554
    Issue of debt securities       2,440 1,954
    Repayments of debt securities in issue       -1,703 -1,848
  Net cash used in financing activities     75 -448
               
Total cash flows       46 -234
               
Cash and cash equivalents at 1 January       524 793
Effects of exchange rate changes       2 -32
Cash and cash equivalents at 31 December     572 527
Net increase in cash and cash equivalents       46 -234
               
Additional information to the statement of cash flows:       2011 2010
Interest income received       697 655
Interest expense paid       -194 -187
Dividend income received       102 64
               
*) Investments include investment property, financial assets and investments related to unit-linked insurance contracts.
               
The items of the statement of cash flows cannot be directly concluded from the balance sheets due to e.g. exchange rate differences, and acquisitions and disposals of subsidiaries during the period.
               
Cash and cash equivalents include cash at bank and in hand and short-term deposits (max. 3 months).
               
Statement of Changes in Equity, IFRS
Notes to the Accounts