Consolidated Statement of Cash Flows

in € million

 

Notes

 

Jan. 1–June 30, 2017

 

Jan. 1–June 30, 2018

1)

thereof restricted cash € 93.7 million (June 30, 2017: € 55.5 million).

 

 

 

 

 

 

 

Profit for the period

 

 

 

1,064.6

 

1,200.0

Net income from fair value adjustments of investment properties

 

8

 

-1,164.7

 

-1,372.9

Revaluation of assets held for sale

 

6

 

-53.1

 

-34.6

Depreciation and amortization

 

 

 

14.9

 

23.3

Interest expenses/income

 

 

 

148.7

 

196.0

Income taxes

 

 

 

588.0

 

646.7

Results from disposals of investment properties

 

 

 

-37.0

 

-45.9

Results from disposals of other non-current assets

 

 

 

-0.1

 

0.4

Other expenses/income not affecting net income

 

 

 

2.2

 

0.5

Change in working capital

 

 

 

-66.1

 

-70.8

Income tax paid

 

 

 

-22.0

 

-29.2

Cash flow from operating activities

 

 

 

475.4

 

513.5

 

 

 

 

 

 

 

Proceeds from disposals of investment properties and assets held for sale

 

 

 

687.3

 

361.8

Proceeds from disposals of other assets

 

 

 

0.5

 

0.6

Payments for acquisition of investment properties

 

13

 

-422.5

 

-544.5

Payments for acquisition of other assets

 

 

 

-34.2

 

-46.5

Payments for acquisition of shares in consolidated companies, in due consideration of liquid funds

 

2

 

-1,412.9

 

-2,934.2

Interest received

 

 

 

2.8

 

4.1

Cash flow from investing activities

 

 

 

-1,179.0

 

-3,158.7

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

 

15

 

 

995.8

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

 

15

 

-271.8

 

-385.6

Proceeds from issuing financial liabilities

 

15

 

1,161.6

 

3,486.8

Cash repayments of financial liabilities

 

16

 

-1,413.7

 

-630.9

Payments for transaction costs in relating to capital measures

 

16

 

-9.4

 

-45.0

Payments for other financing costs

 

 

 

-34.6

 

-3.5

Payments for the acquisition of shares in non-controlling interests

 

 

 

-9.0

 

-68.0

Proceeds for the sale of shares of consolidated companies

 

 

 

247.9

 

16.2

Interest paid

 

 

 

-130.1

 

-121.0

Cash flow from financing activities

 

 

 

-459.1

 

3,244.8

 

 

 

 

 

 

 

Net changes in cash and cash equivalents

 

 

 

-1,162.7

 

599.6

Cash and cash equivalents at the beginning of the period

 

 

 

1,540.8

 

266.2

Cash and cash equivalents at the end of the period1)

 

 

 

378.1

 

865.8