Consolidated Statement of Cash Flows II

Consolidated statement of cash flows for the years ended 31 December
In CHF million  
Notes  2010 2009
 
Total net cash flows from operating activities
  –786 –210
 
Cash flows from investing activities
 
Purchases of investments in associates
16  –2
Sales of investments in associates
  2 123
Dividends received from associates
16  3 5
Purchases of property and equipment
  –24 –45
Sales of property and equipment
  41 3
Purchases of computer software and other intangible assets
  –21 –14
Acquisitions of subsidiaries, net of cash and cash equivalents
29  –13
Disposals of subsidiaries, net of cash and cash equivalents
29  0 38
Total net cash flows from investing activities
  1 95
 
Cash flows from financing activities
 
Issuance of debt instruments
  50 90
Repurchase of debt instruments
  –113
Redemption of debt instruments
  –280 –277
Reduction in par value
  –77 –159
Purchases of treasury shares
  –1 –127
Sales of treasury shares
  10 227
Purchases of non-controlling interests
  –64
Capital contributions from non-controlling interests
  0 0
Borrowing costs paid
  –109 –159
Dividends paid to non-controlling interests
  0 0
Total net cash flows from financing activities
  –407 –582
 
Total change in cash and cash equivalents
  –1 192 –697
 
Cash and cash equivalents as at 1 January
  8 683 9 408
Foreign currency differences
  –551 –28
Total change in cash and cash equivalents
  –1 192 –697
Cash and cash equivalents as at end of period
  6 940 8 683
 
Components of cash and cash equivalents
 
Cash on hand and demand deposits
  3 120 5 724
Cash equivalents
  1 487 1 049
Cash and cash equivalents for the account and risk of the Swiss Life Group's customers
  2 333 1 910
Total cash and cash equivalents as at end of period
  6 940 8 683