Access America 2003 Annual Report Download - page 24

Download and view the complete annual report

Please find page 24 of the 2003 Access America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 40

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40

Financial
Statements
22
Cash Flow Statement of Mondial Assistance Group
for the Financial Year 2003
in thousand EUR 2003
Net result of the period 15 618
Change in unearned premiums reserve 3 124
Change in claims and claim handling costs 5 044
Change in other technical reserves 12 300
Change in deferred acquisition costs -635
Change in deposits held by others under reinsurance business assumed -907
Change in deposits held under reinsurance business ceded 1 871
Change in accounts receivable / payable on reinsurance business -8 965
Change in loans and advances to banks and customers -599
Change in liabilities to banks and customers -4 325
Change in other receivables and liabilities 40 557
Change in deferred tax assets / liabilities 5 263
Adjustments to reconcile amortization of goodwill 2 317
Depreciations 2 099
Other 147
Cash flow from operating activities 72 909
Change in securities available for sale* -5 388
Change in real estate 5 409
Change in other investments -267
Change in cash and cash equivalents from the acquisition of consolidated affiliated companies -2 521
Other -2 178
Cash flow from investing activities -4 945
Dividend payouts -8 432
Other from shareholder equity and minority interests -8 485
Cash flow from financing activities -16 917
Effect of exchange rate changes on cash and cash equivalents 0
Change in cash and cash equivalents 51 047
Cash and cash equivalents at beginning of period 122 136
Cash and cash equivalents at end of period 173 183
* including unrealised loss/gain reserves on investments available for sale
Due to first time disclosure the cash-flow statement reflects 2003 movements only.