| Statement of cash flows, IFRS |
|
|
|
|
|
|
| EURm |
|
|
|
2015 |
2014 |
| Operating activities |
|
|
|
|
|
| Profit before taxes |
|
|
|
1,888 |
1,759 |
| Adjustments: |
|
|
|
|
|
| Depreciation and amortisation |
|
|
|
16 |
21 |
| Unrealised gains and losses arising from valuation |
|
|
|
-170 |
-64 |
| Realised gains and losses on investments |
|
|
|
-377 |
-280 |
| Change in liabilities for insurance and investment contracts |
550 |
874 |
| Other adjustments |
|
|
|
-1,037 |
-661 |
| Adjustments total |
|
|
|
-1,018 |
-110 |
|
|
|
|
|
|
| Change (+/-) in assets of operating activities |
|
|
|
|
|
| Investments *) |
|
|
|
-201 |
389 |
| Other assets |
|
|
|
56 |
-146 |
| Total |
|
|
|
-145 |
243 |
|
|
|
|
|
|
| Change (+/-) in liabilities of operating activities |
|
|
|
|
|
| Financial liabilities |
|
|
|
-7 |
-6 |
| Other liabilities |
|
|
|
-77 |
53 |
| Paid taxes |
|
|
|
-318 |
-279 |
| Total |
|
|
|
-401 |
-232 |
|
|
|
|
|
|
| Net cash from operating activities |
|
|
|
323 |
1,660 |
|
|
|
|
|
|
| Investing activities |
|
|
|
|
|
| Investments in group and associated undertakings |
|
|
|
591 |
391 |
| Net investment in equipment and intangible assets |
-8 |
-15 |
| Net cash from investing activities |
|
|
|
582 |
377 |
|
|
|
|
|
|
| Financing activities |
|
|
|
|
|
| Dividends paid |
|
|
|
-1,079 |
-913 |
| Issue of debt securities |
1,011 |
1,199 |
| Repayments of debt securities in issue |
|
|
|
-931 |
-1,012 |
| Net cash used in financing activities |
|
|
|
-999 |
-725 |
|
|
|
|
|
|
| Total cash flows |
|
|
|
-93 |
1,311 |
|
|
|
|
|
|
| Cash and cash equivalents at 1 January |
|
|
|
2,074 |
785 |
| Effects of exchange rate changes |
|
|
|
15 |
-22 |
| Cash and cash equivalents at 31 December |
|
|
|
1,997 |
2,074 |
| Net increase in cash and cash equivalents |
|
|
|
-93 |
1,311 |
|
|
|
|
|
|
| Additional information to the statement of cash flows: |
|
|
|
2015 |
2014 |
| Interest income received |
|
|
|
427 |
538 |
| Interest expense paid |
|
|
|
-115 |
-109 |
| Dividend income received |
|
|
|
93 |
102 |
|
|
|
|
|
|
| *) Investments include investment property, financial assets and investments related to unit-linked insurance contracts. |
|
|
|
|
|
|
| The items of the statement of cash flows cannot be directly concluded from the balance sheets due to e.g. exchange rate differences, and acquisitions and disposals of subsidiaries during the period. |
| Cash and cash equivalents include cash at bank and in hand and short-term deposits (max. 3 months). |
|
|
|
|
|
|
| Note to the Group's statement of cash flows |
|
|
|
|
|
|
| Acquisitions in 2014 |
|
|
|
|
|
|
| Suomi Mutual assigned its guaranteed interest group pension portfolio to Mandatum Life Insurance Company Ltd on 30 December, 2014. As a result, EURm 100 cash and cash equivalents were transferred. |
