Statement of cash flow
Statement of cash flow for the period from January 1 to December 31, 2016
| All figures in €'000 | 2016 | 2015 |
| Net profit (total) | 14,696 | 19,783 |
| Income taxes paid/reimbursed | 2,899 | -2,422 |
| Interest received | 21,418 | 21,951 |
| Interest paid | -3,296 | -4,990 |
| Earnings from investments accounted for using the equity method | -2,106 | -1,836 |
| Dividends received from investments accounted for using the equity method | 1,836 | 1,127 |
| Dividends received | 2 | 1 |
| Depreciation/impairments/write-ups of intangible assets and property, plant and equipment | 23,962 | 15,113 |
| Depreciation/impairments/write-ups of financial assets | -327 | 71 |
| Allowances for bad debts | 1,968 | 18 |
| Earnings from the disposal of intangible assets and property, plant and equipment | 545 | 121 |
| Earnings from the disposal of financial assets | -45 | -74 |
| Adjustments from income taxes, interest and other non-cash transactions | -23,262 | -20,811 |
| Changes in operating assets and liabilities | ||
| Receivables from banks in the banking business | 9,366 | -41,022 |
| Liabilities due to banks in the banking business | 14,626 | 5,715 |
| Receivables from clients in the banking business | -84,745 | -46,650 |
| Liabilities due to clients in the banking business | 168,501 | 94,840 |
| Other assets | -12,377 | 2,447 |
| Other liabilities | 6,341 | 20,906 |
| Provisions | 4,689 | -5,513 |
| Cash flow from operating activities | 144,691 | 58,775 |
| Purchase of intangible assets and property, plant and equipment | -18,351 | -12,776 |
| Proceeds from disposal of intangible assets and property, plant and equipment | 6,773 | 440 |
| Repayment of/investment in time deposits | -20,000 | -15,000 |
| Repayment of/investment in held-to-maturity investments | -1,980 | -23,506 |
| Purchase of other financial assets | -14,999 | 19,916 |
| Proceeds from disposal of other financial assets | 5,196 | 10,785 |
| Net cash inflow/outflow from the acquisition of subsidiaries | 2,078 | 2,127 |
| Cash flow from investing activities | -41,282 | -18,014 |
| Dividends paid to shareholders of MLP AG | -13,120 | -18,339 |
| Cash flow from financing activities | -13,120 | -18,339 |
| Change in cash and cash equivalents | 90,288 | 22,422 |
| Cash and cash equivalents at beginning of period | 94,540 | 72,119 |
| Cash and cash equivalents at end of period | 184,829 | 94,540 |
| Composition of cash and cash equivalents | ||
| Cash and cash equivalents | 184,829 | 77,540 |
| Loans ≤ 3 months | – | 17,000 |
| Cash and cash equivalents at end of period | 184,829 | 94,540 |
The notes on the statement of cash flow appear in Note 31.
