Interim Statement Q1 2020

Consolidated Statement of Cash Flows

in € million

Jan. 1–Mar. 31, 2019

Jan. 1–Mar. 31, 2020

*

Thereof restricted cash € 58.0 million (Mar. 31, 2019: € 70.9 million).

 

 

 

Profit for the period

201.4

211.6

Net income from fair value adjustments of investment properties

-56.9

-4.1

Revaluation of assets held for sale

-6.0

-5.4

Depreciation and amortization

16.5

19.3

Interest expenses/income and other financial result

112.5

94.9

Income taxes

114.7

106.5

Results from disposals of investment properties

-17.4

-23.8

Other expenses/income not affecting net income

1.9

-0.2

Change in working capital

23.7

-36.8

Income tax paid

22.2

-13.4

Cash flow from operating activities

412.6

348.6

 

 

 

Proceeds from disposals of investment properties and assets held for sale

325.8

135.6

Proceeds from disposals of other assets

696.3

–

Payments for investments of investment properties

-366.0

-417.9

Payments for investments of other assets

-14.2

-37.2

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

–

-29.2

Interest received

2.7

3.5

Cash flow from investing activities

644.6

-345.2

 

 

 

Cash paid to non-controlling interests

-4.7

-1.8

Proceeds from issuing financial liabilities

1,951.0

784.7

Cash repayments of financial liabilities

-1,205.8

-726.2

Cash repayments of lease liabilities

-7.7

-8.3

Payments for transaction costs in connection with capital measures

-15.4

-2.7

Payments for other financing costs

-14.7

-1.8

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

-339.4

-3.6

Interest paid

-95.0

-115.6

Cash flow from financing activities

268.3

-75.3

 

 

 

Net changes in cash and cash equivalents

1,325.5

-71.9

Cash and cash equivalents at the beginning of the period

547.7

500.7

Cash and cash equivalents at the end of the period*

1,873.2

428.8