7.7.2Cash flows from operating activities
Cash flows from operating activities
(in millions)20242023
Cash generated from operating activities
Result before tax from continuing and discontinued operations1,6081,389
Adjustments on non-cash items included in result:
Revaluation through profit or loss54059
Retained share of result of associates and joint ventures-16-8
Depreciation and amortisation11378
Impairments2836
Addition to provision37363
Other-25-133
Changes in operating assets and liabilities:
Net (increase) / decrease in investment property-86-43
Net (increase) / decrease in investments-1,9922,649
Net (increase) / decrease in investments related to direct participating contracts545132
Net (increase) / decrease in derivatives-930-1,381
Net (increase) / decrease in savings deposits-102644
Net (increase) / decrease in amounts due to banks6162,281
Net (increase) / decrease in reinsurance contracts-4831
Net increase / (decrease) in liabilities arising from insurance contracts-1,007-1,178
Net increase / (decrease) in liabilities arising from direct participating contracts-658-83
Net (increase) / decrease in other operating assets and liabilities780-1,157
Income tax received (paid)-102-82
Cash flows from operating activities-6993,597
Further details on cash flows from operating activities:
Interest received5,7933,710
Interest paid-3,587-2,188
Dividend received383280
Further details on lease payments:
Total cash outflow for leases-15-11