Statement of cash flow
Statement of cash flow for the period from 1 January to 31 December 2020
| All figures in €'000 | 2020 | 2019 |
| Net profit (total) | 43,241 | 36,925 |
| Income taxes paid/reimbursed | -15,746 | 1,199 |
| Interest received | 15,297 | 16,791 |
| Interest paid | -2,568 | -512 |
| Earnings from investments accounted for using the equity method | -3,729 | -2,998 |
| Dividends received from investments accounted for using the equity method | 3,441 | 2,567 |
| Depreciation/impairments/write-ups of intangible assets and property, plant and equipment | 27,691 | 15,012 |
| Depreciation/impairments/write-ups of financial assets | 365 | 60 |
| Allowances for bad debts | 2,734 | 1,538 |
| Earnings from the disposal of intangible assets and property, plant and equipment | -192 | 199 |
| Earnings from the disposal of financial assets | -46 | -9 |
| Adjustments from income taxes, interest and other non-cash transactions | -4,484 | -43,755 |
| Changes in operating assets and liabilities | ||
| Receivables from banks in the banking business | -23,381 | -33,875 |
| Liabilities due to banks in the banking business | 9,062 | 16,784 |
| Receivables from clients in the banking business | -11,208 | -112,686 |
| Liabilities due to clients in the banking business | 377,076 | 255,950 |
| Rights of use as per IFRS 16 | -8,493 | -53,275 |
| Inventories | -7,284 | -10,533 |
| Other assets | -36,406 | -2,198 |
| Other liabilities | 28,502 | 97,301 |
| Provisions | 14,203 | 7,111 |
| Cash flow from operating activities | 408,075 | 191,597 |
| Purchase of intangible assets and property, plant and equipment | -9,291 | -9,300 |
| Proceeds from disposal of intangible assets and property, plant and equipment | 326 | 152 |
| Repayment of /investment in other investments (fixed and time deposits) | -5,000 | -5,000 |
| Repayment of/investment in fixed income securities | -11,849 | -5,467 |
| Payments/proceeds from purchase/disposal of other financial assets | -2,509 | -1,729 |
| Payments for the acquisition of the DI Group | - | -11,950 |
| Cash flow from investing activities | -28,323 | -33,293 |
| Dividends paid to shareholders of MLP SE | -22,959 | -21,867 |
| Proceeds from taking out loans | 3,507 | - |
| Principal payments of leasing liabilities | -12,036 | -11,584 |
| Cash flow from financing activities | -31,488 | -33,451 |
| Change in cash and cash equivalents | 348,264 | 124,853 |
| Cash and cash equivalents at beginning of period | 510,778 | 385,926 |
| Liabilities to banks due on demand (excluding the banking business) | -3,244 | - |
| Cash and cash equivalents at end of period | 855,797 | 510,778 |
| Composition of cash and cash equivalents | ||
| Cash and cash equivalents | 859,041 | 510,778 |
| Liabilities to banks due on demand (excluding the banking business) | -3,244 | - |
| Cash and cash equivalents at end of period | 855,797 | 510,778 |
The notes on the statement of cash flow appear in Note 33.
