Consolidated Statement of Cash Flows

Profit for the period

Net income from fair value adjustments of investment properties

Revaluation of assets held for sale

Depreciation and amortization

Interest expenses/income

Income taxes

Results from disposals of investment properties

Results from disposals of other non-current assets

Other expenses/income not affecting net income

Change in working capital

Income tax paid

Proceeds from disposals of investment properties and assets held for sale

Proceeds from disposals of other assets

Payments for investments of investment properties

Payments for investments of other assets

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

Interest received

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

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

Proceeds from issuing financial liabilities

Cash repayments of financial liabilities

Cash repayments of lease liabilities

Payments for transaction costs in connection with capital measures

Payments for other financing costs

Payments in connection with the disposal of shares in non-controlling interests

Proceeds for the sale of shares of consolidated companies

Interest paid

Cash and cash equivalents at the beginning of the period

Cash and cash equivalents at the end of the period*