Access America 2004 Annual Report Download - page 24

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Financial Statements
22
Financial Statements
Cash Flow Statement of Mondial Assistance Group for the Financial Year 2004
in thousand EUR 2004 2003
Net result of the period 23 121 15 618
Change in unearned premiums reserve 32 614 3 124
Change in claims and claim handling costs 15 046 5 044
Change in other technical reserves 1 094 12 300
Change in deferred acquisition costs (596) (635)
Change in deposits held by others under reinsurance business assumed (2 116) (907)
Change in deposits held under reinsurance business ceded (111) 1 871
Change in accounts receivable / payable on reinsurance business (4 086) (8 965)
Change in loans and advances to banks and customers 603 (599)
Change in liabilities to banks and customers 477 (4 325)
Change in other receivables and liabilities (37 783) 40 557
Change in deferred tax assets / liabilities (2 501) 5 263
Adjustments to reconcile amortization of goodwill 2 577 2 317
Depreciations 10 370 2 099
Other (1 938) 147
Cash flow from operating activities 36 771 72 909
Change in securities available for sale* (45 082) (5 388)
Change in real estate 3 018 5 409
Change in other investments 254 (267)
Change in cash and cash equivalents from the acquisition of cons. affiliated companies 34 (2 521)
Other (11 059) (2 178)
Cash flow from investing activities (52 835) (4 945)
Cash inflow from capital increases 51 0
Dividend payouts (19 946) (8 432)
Other from shareholder equity and minority interests (1 365) (8 485)
Cash flow from financing activities (21 260) (16 917)
Change in cash and cash equivalents (37 324) 51 047
Cash and cash equivalents at beginning of period 173 183 122 136
Cash and cash equivalents at end of period 135 859 173 183
* including unrealised loss/gain reserves on investments available for sale