Consolidated Statement of Cash Flows II

Consolidated statement of cash flows for the years ended 31 December

In CHF million   
Notes20152014
TOTAL NET CASH FLOWS FROM OPERATIN G ACTIVITI ES -713650
CASH FLOWS FROM INVESTING ACTIVITIES 
Purchases of investments in associates 0-
Sales of investments in associates 14
Dividends received from associates1518110
Purchases of property and equipment -13-80
Sales of property and equipment 36
Purchases of computer software and other intangible assets -11-11
Acquisitions of subsidiaries, net of cash and cash equivalents28-7-222
TOTAL NET CASH FLOWS FROM INVESTING ACTIVITIES 154-291
CASH FLOWS FROM FINANCING ACTIVITIES 
Issuance of debt instruments 7745
Redemption ofdebt instruments -401-50
Distribution out of capital contribution reserve -207-176
Purchases of treasury shares -35-15
Capital contributions from non-controlling interests 3-
Borrowing costs paid -138-146
Dividends paid to non-controlling interests -1-1
TOTAL NET CASH FLOWS FROM FINANCING ACTIVITIES -5-383
TOTAL CHANGE IN CASH AND CASH EQUIVALENTS -563-24
Cash and cash equivalents as at 1 January 6 0626 088
Foreign currency differences -203-3
Total change in cash and cash equivalents -563-24
CASH AND CASH EQUIVALENTS AS AT END OF PERIOD 5 2966 062
COMPONENTS OF CASH AND CASH EQUIVALENTS 
Cash on hand and demand deposits 2 6603 740
Cash equivalents 1114
Cash and cash equivalents for the account and risk
of the Swiss Life Group's customers
 2 6252 309
TOTAL CASH AND CASH EQUIVALENTS AS AT END OF PERIOD 5 2966 062

My Annual Report

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