Statement of cash flow
Statement of cash flow for the period from January 1 to December 31, 2015
| All figures in €'000 | 2015 | 2014 |
| Net profit (total) | 19,783 | 28,955 |
| Income taxes paid | -2,422 | -6,930 |
| Interest received | 21,951 | 23,568 |
| Interest paid | -4,990 | -4,038 |
| Earnings from investments accounted for using the equity method | -1,836 | -1,127 |
| Dividends received from investments accounted for using the equity method | 1,127 | 902 |
| Dividends received | 1 | 0 |
| Depreciation/impairments/write-ups of intangible assets and property, plant and equipment | 15,113 | 13,417 |
| Depreciation/impairments/write-ups of financial assets | 71 | 521 |
| Allowances for bad debts | 18 | 1,859 |
| Earnings from the disposal of intangible assets and property, plant and equipment | 121 | -1,911 |
| Earnings from the disposal of financial assets | -74 | 17 |
| Adjustments from income taxes, interest and other non-cash transactions | -20,811 | -22,281 |
| Changes in operating assets and liabilities | ||
| Receivables from banks in the banking business | -41,022 | -69,206 |
| Liabilities due to banks in the banking business | 5,715 | 7,456 |
| Receivables from clients in the banking business | -46,650 | -3,778 |
| Liabilities due to clients in the banking business | 94,840 | 61,244 |
| Other assets | 2,447 | -13,212 |
| Other liabilities | 20,906 | 8,969 |
| Provisions | -5,513 | 7,911 |
| Cash flow from operating activities | 58,775 | 32,333 |
| Purchase of intangible assets and property, plant and equipment | -12,776 | -15,418 |
| Proceeds from disposal of intangible assets and property, plant and equipment | 440 | 2,845 |
| Repayment of/investment in time deposits | -15,000 | – |
| Repayment of/investment in held-to-maturity investments | -23,506 | 20,514 |
| Purchase of other financial assets | 19,916 | -17,159 |
| Proceeds from disposal of other financial assets | 10,785 | 4,900 |
| Net cash inflow/outflow from the acquisition of subsidiaries | 2,127 | – |
| Cash flow from investing activities | -18,014 | -4,318 |
| Dividends paid to shareholders of MLP AG | -18,339 | -17,260 |
| Cash flow from financing activities | -18,339 | -17,260 |
| Change in cash and cash equivalents | 22,422 | 10,754 |
| Cash and cash equivalents at beginning of period | 72,119 | 61,364 |
| Cash and cash equivalents at end of period | 94,540 | 72,119 |
| Composition of cash and cash equivalents | ||
| Cash and cash equivalents | 77,540 | 49,119 |
| Loans _3 months | 17,000 | 23,000 |
| Cash and cash equivalents at end of period | 94,540 | 72,119 |
The notes on the consolidated statement of cash flow appear in Note 33.
