Statement of Cash Flows, IFRS

Statement of cash flows, IFRS
EURm 2016 2015
Operating activities
Profit before taxes 1,871 1,888
Adjustments:
Depreciation and amortisation 18 16
Unrealised gains and losses arising from valuation -223 -170
Realised gains and losses on investments -92 -377
Change in liabilities for insurance and investment contracts 666 550
Other adjustments -550 -1,037
Adjustments total -180 -1,018
Change (+/-) in assets of operating activities
Investments *) -1,184 -201
Other assets -95 56
Total -1,280 -145
Change (+/-) in liabilities of operating activities
Financial liabilities 20 -7
Other liabilities 35 -77
Paid taxes -271 -318
Total -216 -401
Net cash from operating activities 195 323
Investing activities
Investments in group and associated undertakings 356 591
Net investment in equipment and intangible assets -13 -8
Net cash from investing activities 343 582
Financing activities
Dividends paid -1,192 -1,079
Issue of debt securities 2,271 1,011
Repayments of debt securities in issue -1,002 -931
Net cash from financing activities 78 -999
Total cash flows 616 -93
Cash and cash equivalents at 1 January 1,997 2,074
Effects of exchange rate changes -27 15
Cash and cash equivalents at 31 December 2,585 1,997
Net increase in cash and cash equivalents 616 -93
Additional information to the statement of cash flows: 2016 2015
Interest income received 432 427
Interest expense paid -117 -115
Dividend income received 122 93
*) 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).
The tables for the Financial Statements are also available in Excel format.