Consolidated Statement of Cash Flows II

Consolidated statement of cash flows for the years ended 31 December
In CHF million  
Notes  2011 2010
 
Total net cash flows from operating activities
  –2 089 –786
 
Cash flows from investing activities
 
Purchases of investments in associates
16  –10
Sales of investments in associates
16  0 2
Dividends received from associates
16  4 3
Purchases of property and equipment
  –29 –24
Sales of property and equipment
  2 41
Purchases of computer software and other intangible assets
  –20 –21
Acquisition of insurance portfolio, net of cash and cash equivalents
31  100
Acquisitions of subsidiaries, net of cash and cash equivalents
29  –9
Total net cash flows from investing activities
  38 1
 
Cash flows from financing activities
 
Issuance of debt instruments
  490 50
Redemption of debt instruments
  –196 –280
Reduction in par value
  –143 –77
Purchases of treasury shares
  –9 –1
Sales of treasury shares
  1 10
Capital contributions from non-controlling interests
  1 0
Borrowing costs paid
  –112 –109
Dividends paid to non-controlling interests
  –1 0
Total net cash flows from financing activities
  31 –407
 
Total change in cash and cash equivalents
  –2 020 –1 192
 
Cash and cash equivalents as at 1 January
  6 940 8 683
Foreign currency differences
  164 –551
Total change in cash and cash equivalents
  –2 020 –1 192
Cash and cash equivalents as at end of period
  5 084 6 940
 
Components of cash and cash equivalents
 
Cash on hand and demand deposits
  2 615 3 120
Cash equivalents
  23 1 487
Cash and cash equivalents for the account and risk of the Swiss Life Group's customers
  2 446 2 333
Total cash and cash equivalents as at end of period
  5 084 6 940


 

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