Cash flow statement

  • Positive cash flow from operating and investment activities.
  • Negative cash flow from financing activities.

In 2014, the cash flow from operating activities of the Triglav Group was positive and equalled EUR 9.0 million. This represents a decrease of 30% over the preceding year, which is mostly the result of lower net written insurance premium, higher claim handling costs and higher income tax.

Cash flow from investing activities dropped by 19% over 2013 to EUR 44.3 million nominally. The positive cash flow from investing activities arose primarily from lower net cash outflows for the purchase of short-term financial investments and from inflows from interest income, dividends and profit distributions in other companies. The decrease in cash outflows for the acquisition of short-term financial investments significantly surpassed the negative change in net cash flow from long-term financial investments.

Cash flow from financing activities was negative and reached EUR –59.3 million (index 106). Cash inflows from financing activities were lower due to reduced short-term lending to subsidiaries. Cash outflows from dividends paid amounting to EUR 38.6 million (index 85) and cash outflows for paid bond interest equalling EUR 1.8 million (index 64) also went down.

The closing balance of cash and cash equivalents amounted to EUR 22.9 million, which is 21% below the 2013 figure.

Summary cash flow statement

in EUR

2014

2013

Index

A.

Cash flow from operating activities

Income statement items

3,631,368

36,421,523

10

Changes in net current assets – operating balance sheet items

5,319,558

-23,685,222

Total cash flow from operating activities

8,950,926

12,736,301

70

B.

Cash flows from investing activities

Cash inflows from investing activities

2,562,368,993

2,738,674,286

94

Cash outflows from investing activities

-2,518,031,961

-2,683,771,800

94

Total cash flow from investing activities

44,337,032

54,902,486

81

C.

Cash flows from financing activities

a.

Cash inflows from financing activities

4,657,483

39,263,813

12

b.

Cash outflows from financing activities

-63,914,304

-95,034,085

67

c.

Total cash flow from financing activities

-59,256,821

-55,770,272

106

D.

Opening balance of cash and cash equivalents

29,068,558

17,251,420

168

E1.

Net cash flow for the period

-5,968,863

11,868,515

E2.

Foreign exchange differences

-124,381

-51,377

242

E3.

Cash transferred to non-current assets held for sale

-116,926

0

F.

Closing balance of cash and cash equivalents

22,858,388

29,068,558

79

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