Consolidated Statement of Cash Flows
January 1 until December 31
|
in € million |
|
Notes |
|
2017 |
|
2018 |
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|
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Profit for the period |
|
|
|
2,566.9 |
|
2.402.8 |
|
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|
Net income from fair value adjustments of investment properties |
|
|
-3,434.1 |
|
-3,517.9 |
|
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|
Revaluation of assets held for sale |
|
|
-81.1 |
|
-68.5 |
|
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|
Depreciation and amortization |
|
|
372.2 |
|
737.9 |
|
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|
Interest expenses/income |
|
|
|
326.3 |
|
440.1 |
|
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|
Income taxes |
|
|
1,440.5 |
|
1,471.5 |
|
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|
Results from disposals of investment properties |
|
|
|
-70.4 |
|
-163.8 |
|
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|
Results from disposals of other non-current assets |
|
|
|
0.2 |
|
0.2 |
|
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|
Other expenses/income not affecting net income |
|
|
|
0.6 |
|
– |
|
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|
Change in working capital |
|
|
|
-123.7 |
|
-3.4 |
|
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|
Income tax paid |
|
|
|
-51.4 |
|
-166.4 |
|
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|
Cash flow from operating activities |
|
|
|
946.0 |
|
1,132.5 |
|
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|
|
|
|
|
|
|
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Proceeds from disposals of investment properties and assets held for sale |
|
|
|
1,165.2 |
|
1,054.2 |
|
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|
Proceeds from disposals of other assets |
|
|
|
16.4 |
|
7.4 |
|
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|
Payments for acquisition of investment properties |
|
|
-1,043.0 |
|
-1,358.8 |
|
|||||||||||
|
Payments for acquisition of other assets |
|
|
-80.2 |
|
-211.5 |
|
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|
Payments for acquisition of shares in consolidated companies, in due consideration of liquid funds |
|
|
-1,412.0 |
|
-3,387.7 |
|
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|
Interest received |
|
|
|
3.5 |
|
3.9 |
|
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|
Cash flow from investing activities |
|
|
|
-1,350.1 |
|
-3,892.5 |
|
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|
|
|
|
|
|
|
|
|
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|
Capital contributions on the issue of new shares (including premium) |
|
|
– |
|
995.8 |
|
|||||||||||
|
Cash paid to shareholders of Vonovia SE and non-controlling interests |
|
|
-277.9 |
|
-401.1 |
|
|||||||||||
|
Payments to hybrid capital investors |
|
|
-40.0 |
|
-40.0 |
|
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|
Proceeds from issuing financial liabilities |
|
|
2,920.5 |
|
5,064.2 |
|
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|
Cash repayments of financial liabilities |
|
|
-3,248.7 |
|
-1,901.6 |
|
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|
Payments for transaction costs in connection with capital measures |
|
|
-12.5 |
|
-54.9 |
|
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|
Payments for other financing costs |
|
|
|
-47.9 |
|
-22.3 |
|
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|
Payments for the acquisition of shares in non-controlling interests |
|
|
|
-137.1 |
|
-309.0 |
|
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|
Proceeds for the sale of shares of consolidated companies |
|
|
|
276.6 |
|
16.2 |
|
||||||||||
|
Interest paid |
|
|
|
-303.5 |
|
-305.8 |
|
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|
Cash flow from financing activities |
|
|
|
-870.5 |
|
3,041.5 |
|
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|
|
|
|
|
|
|
|
|
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|
Net changes in cash and cash equivalents |
|
|
|
-1,274.6 |
|
281.5 |
|
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|
Cash and cash equivalents at the beginning of the period |
|
|
|
1,540.8 |
|
266.2 |
|
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|
Cash and cash equivalents at the end of the period* |
|
|
266.2 |
|
547.7 |
|
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