Cash flow statement

  • Positive cash flow from operating and investment activities.
  • Negative cash flow from financial activities.

In 2013, the cash flow from operating activities of the Triglav Group was positive and equalled EUR 12.7 million, having decreased by 65% over the preceding year, which is mostly owing to lower net written insurance premium, current tax receivables and the principal repayment of ZT01 subordinated bonds.

Cash flow from investing activities amounted to EUR 54.9 million, whereas in 2012 it was negative at EUR –14.8 million. In 2013, a positive cash flow from investing activities arose primarily from lower net cash outflows for the purchase of non-current investments, the decrease of which significantly surpassed the negative change in net cash flow from short-term investments.

Cash flow from financing activities was negative and reached EUR –55.8 million (index 212). The reasons were higher cash outflows from dividends paid and profit sharing (index 286) and cash outflows for payments of long-term financial liabilities (index 350). Bond interest payments totalled EUR 2.8 million. The closing balance of cash and cash equivalents amounted to EUR 29.1 million, having climbed above the 2012 year-end figure by 68%.

Summary cash flow statement

2013

2012

Index

A.

Operating cash flow

a.

Income statement items

36,421,523

45,877,945

79

b.

Changes in net current assets - operating balance sheet items

-23,685,222

-9,804,340

242

c.

Total operating cash flow

12,736,301

36,073,605

35

B.

Cash flows from investing activities

a.

Cash inflows from investing activities

2,738,674,286

2,712,442,552

101

b.

Cash outflows from investing activities

-2,683,771,800

-2,727,253,065

98

c.

Total cash flow from investing activities

54,902,486

-14,810,513

C.

Cash flows from financing activities

a.

Cash inflows from financing activities

39,263,813

33,413,521

118

b.

Cash outflows from financing activities

-95,034,085

-59,716,158

159

c.

Total cash flow from financing activities

-55,770,272

-26,302,637

212

D.

Opening balance of cash and cash equivalents

17,251,420

22,771,666

76

E1.

Net cash flow for the period

11,868,515

-5,039,545

E2.

Foreign exchange differences

-51,377

-480,702

11

F.

Closing balance of cash and cash equivalents

29,068,558

17,251,419

168

This page uses cookies, so you can get a better user experience. You can read details about how they are used on this link. Do you agree with their use?