Consolidated Statement of Cash Flows

January 1 until December 31

in € million

 

Notes

 

2016

 

2015

Also see the corresponding explanations in the Notes.

1)

Thereof restricted cash € 51.7 million (Dec. 31, 2015: € 84.2 million)

 

 

 

 

 

 

 

Profit for the period

 

 

 

2,512.9

 

994.7

Net income from fair value adjustments of investment properties

 

8

 

-3,236.1

 

-1,323.5

Revaluation of assets held for sale

 

7

 

-52.0

 

-51.7

Depreciation and amortization

 

12

 

27.0

 

13.4

Interest expenses/income

 

 

 

433.0

 

414.0

Income taxes

 

17

 

1,346.9

 

739.8

Results from disposals of investment properties

 

 

 

-50.2

 

-67.3

Results from disposals of other non-current assets

 

 

 

-0.4

 

1.6

Other expenses/income not affecting net income

 

 

 

-2.6

 

-0.4

Change in working capital

 

 

 

-85.9

 

29.6

Repayments of tax liabilities (EK02)

 

 

 

 

-44.4

Income tax paid

 

 

 

-63.7

 

-16.0

Cash flow from operating activities

 

 

 

828.9

 

689.8

 

 

 

 

 

 

 

Proceeds from disposals of investment properties and assets held for sale

 

 

 

1,418.5

 

449.1

Proceeds from disposals of other assets

 

 

 

1.8

 

1.3

Proceeds from disposals of shares in consolidated companies

 

3

 

 

7.4

Payments for acquisition of investment properties

 

21

 

-548.8

 

-604.6

Payments for acquisition of other assets

 

19/20

 

-459.7

 

-37.8

Proceeds (last year: payments) for acquisition of shares in consolidated companies, in due consideration of liquid funds

 

3

 

0.3

 

-3,058.7

Interest received

 

 

 

4.3

 

3.5

Cash flow from investing activities

 

 

 

416.4

 

-3,239.8

 

 

 

 

 

 

 

Capital contributions on the issue of new shares (including premium)

 

29

 

 

2,372.0

Cash paid to shareholders of Vonovia SE and to shareholders of non-controlling interests

 

29

 

-445.4

 

-295.8

Payments to hybrid capital investors

 

29

 

-40.0

 

-40.0

Proceeds from issuing financial liabilities

 

32

 

2,576.9

 

5,007.1

Cash repayments of financial liabilities

 

32

 

-4,219.0

 

-2,390.1

Payment for transaction costs in relating to capital measures

 

 

 

-27.7

 

-165.3

Payments for other financing costs

 

 

 

-272.3

 

-57.7

Payments for the acquisition of shares in non-controlling interests

 

 

 

-19.3

 

-66.5

Proceeds for the sale of shares of consolidated companies

 

 

 

 

56.7

Interest paid

 

 

 

-365.6

 

-327.3

Cash flow from financing activities

 

 

 

-2,812.4

 

4,093.1

 

 

 

 

 

 

 

Net changes in cash and cash equivalents

 

 

 

-1,567.1

 

1,543.1

Cash and cash equivalents at the beginning of the period

 

 

 

3,107.9

 

1,564.8

Cash and cash equivalents at the end of the period 1)

 

27

 

1,540.8

 

3,107.9