Consolidated statement of cash flows, IFRS

M €

1-9/2016

1-9/2015

1-12/2015

Cash flow from operating activities

Profit for the period

124.4

134.0

179.4

Adjustments

22.9

7.7

9.0

Change in net working capital

-19.5

-7.7

0.0

Interest paid

-29.3

-34.1

-42.4

Interest received

0.4

0.5

0.6

Other financial items

-0.8

-0.3

-0.5

Taxes paid

-28.6

-21.2

-24.8

Net cash flow from operating activities

69.4

78.9

121.3

Cash flow from investing activities

Acquisition of investment properties

-345.6

-158.9

-230.9

Acquisition of property, plant and equipment and intangible assets

-0.1

-0.3

-0.5

Proceeds from sale of investment properties

84.4

8.5

15.4

Proceeds from sale of tangible and intangible assets

0.0

Proceeds from sale of associated companies

0.6

0.0

0.0

Purchases of financial assets

-13.0

-13.0

-39.0

Proceeds from sale of financial assets

5.2

27.4

53.7

Non-current loans, granted

-0.4

0.0

-0.2

Repayments of non-current receivables

0.1

0.5

0.5

Interest and dividends received on investments

0.3

1.1

1.3

Net cash flow from investing activities

-268.4

-134.8

-199.8

Cash flow from financing activities

Non-current loans, raised

232.6

145.6

195.9

Non-current loans, repayments

-92.5

-110.5

-134.2

Current loans, raised

316.2

151.4

252.3

Current loans, repayments

-232.3

-148.6

-209.1

Dividends paid

-37.0

-22.2

-22.2

Net cash flow from financing activities

187.0

15.7

82.7

Change in cash and cash equivalents

-12.0

-40.2

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

106.6

74.2

118.6