Consolidated statement of cash flows, IFRS

M €

1-3/2016

1-3/2015

1-12/2015

Cash flow from operating activities

Profit for the period

44.0

48.1

179.4

Adjustments

-2.1

-2.3

9.0

Change in net working capital

1.2

0.1

0.0

Interest paid

-11.1

-12.2

-42.4

Interest received

0.2

0.2

0.6

Other financial items

-0.1

-0.2

-0.5

Taxes paid

-3.0

-3.4

-24.8

Net cash flow from operating activities

29.1

30.4

121.3

Cash flow from investing activities

Acquisition of investment properties

-50.7

-48.3

-230.9

Acquisition of property, plant and equipment and intangible assets

0.0

-0.1

-0.5

Proceeds from sale of investment properties

45.3

3.2

15.4

Proceeds from sale of tangible and intangible assets

0.0

Proceeds from sale of associated companies

0.0

Purchases of financial assets

-13.0

-1.0

-39.0

Proceeds from sale of financial assets

1.0

3.7

53.7

Non-current loans, granted

0.0

-0.2

Repayments of non-current receivables

0.0

0.0

0.5

Interest and dividends received on investments

0.1

0.2

1.3

Net cash flow from investing activities

-17.2

-42.3

-199.8

Cash flow from financing activities

Non-current loans, raised

5.4

47.8

195.9

Non-current loans, repayments

-44.4

-46.6

-134.2

Current loans, raised

102.8

54.8

252.3

Current loans, repayments

-56.2

-49.9

-209.1

Dividends paid

-22.2

Net cash flow from financing activities

7.5

6.1

82.7

Change in cash and cash equivalents

19.4

-5.8

4.2

Cash and cash equivalents in the beginning of period

118.6

114.4

114.4

Cash and cash equivalents at the end of period

138.0

108.5

118.6