Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows
in € million |
Notes |
Jan. 1- June 30, 2022* |
Jan. 1- June 30, 2023 |
||||
Profit for the period* |
1,870.4 |
-4,130.4 |
|||||
Net income from fair value adjustments of |
-3,115.9 |
6,382.9 |
|||||
Change in value from properties sold |
-38.3 |
-20.4 |
|||||
Depreciation and amortization* |
1,104.9 |
349.8 |
|||||
Interest expenses/income and other financial result |
137.9 |
317.6 |
|||||
Income taxes* |
1,016.8 |
-1,738.3 |
|||||
Profit on the disposal of investment properties |
-41.9 |
-34.0 |
|||||
Results from disposals of other non-current assets |
-0.2 |
-4.1 |
|||||
Other expenses/income not affecting cash* |
317.5 |
8.8 |
|||||
Change in working capital |
-92.9 |
-153.0 |
|||||
Income tax paid |
-118.7 |
-67.5 |
|||||
Cash flow from operating activities |
1,039.6 |
911.4 |
|||||
Proceeds from disposals of investment properties and |
2,699.4 |
201.4 |
|||||
Proceeds from disposals of other assets |
9.7 |
601.2 |
|||||
Proceeds from the disposal of other financial assets |
1,199.6 |
– |
|||||
Payments for investments in investment properties |
-1,138.5 |
-445.1 |
|||||
Payments for investments in other assets |
-77.7 |
-592.2 |
|||||
Payments for acquisition of other financial assets |
-1,300.0 |
-139.0 |
|||||
Interest received |
7.4 |
27.5 |
|||||
Cash flow from investing activities |
1,399.9 |
-346.2 |
|||||
Cash paid to shareholders of Vonovia SE and non-controlling interests |
-691.1 |
-388.0 |
|||||
Proceeds from issuing financial liabilities |
5,172.9 |
1,071.3 |
|||||
Cash repayments of financial liabilities |
-6,361.5 |
-1,547.6 |
|||||
Cash repayments of lease liabilities |
-23.1 |
-21.1 |
|||||
Payments for transaction costs in connection with capital measures |
-36.1 |
-3.3 |
|||||
Payments for other financing costs |
-8.7 |
-2.3 |
|||||
Payments in connection with the disposal of shares in non-controlling interests |
-52.2 |
-0.1 |
|||||
Proceeds for the sale of shares of consolidated companies |
– |
1,083.2 |
|||||
Interest paid |
-298.8 |
-378.4 |
|||||
Cash flow from financing activities |
-2,298.6 |
-186.3 |
|||||
Influence of changes in foreign exchange rates on cash and cash equivalents |
-4.5 |
-4.7 |
|||||
Net changes in cash and cash equivalents |
136.4 |
374.2 |
|||||
Cash and cash equivalents at the beginning of the period |
1,432.8 |
1,302.4 |
|||||
Cash and cash equivalents at the end of the period** |
1,569.2 |
1,676.6 |
|||||
- *The impairment test for goodwill was recalculated due to the conclusion of the purchase price allocation in connection with the acquisition of Deutsche Wohnen. As a result, the impairment loss to be recognized as of June 30, 2022, decreased by € 163.5 million, the negative net income from investments accounted for using the equity method increased by € 49.3 million and also the income taxes increased by € 40.2 million.
- **Includes € 101.6 million (June 30, 2022: € 449.9 million) in current securities classified as cash equivalents and total restricted cash of € 206.3 million (June 30, 2022: € 74.5 million).