Sampo Group’s Online Annual Report 2012 and Sampo’s video ‘25 Years as a Listed Company’ have been granted the international Red Dot Communication Design 2013 Awards.

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Statement of cash flows, IFRS

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      2012 2011
Operating activities    
  Profit before taxes 1,616 1,228
  Adjustments:    
    Depreciation and amortisation 17 18
    Unrealised gains and losses arising from valuation -290 530
    Realised gains and losses on investments -93 -130
    Change in liabilities for insurance and investment contracts 513 -95
    Other adjustments -615 -885
  Adjustments total -468 -562
         
  Change (+/-) in assets of operating activities    
    Investments *) 350 17
    Other assets 16 -130
  Total 366 -113
         
  Change (+/-) in liabilities of operating activities    
    Financial liabilities -169 101
    Other liabilities 21 -307
    Paid taxes -275 -241
  Total -422 -447
         
  Net cash from operating activities 1,092 106
         
Investing activities    
    Investments in group and associated undertakings 230 -119
    Net investment in equipment and intangible assets -16 -17
  Net cash from investing activities 215 -136
         
Financing activities    
    Acquisition of own shares - -24
    Dividends paid -663 -637
    Issue of debt securities 2,181 2,440
    Repayments of debt securities in issue -2,362 -1,703
  Net cash used in financing activities -845 75
         
Total cash flows 462 46
         
Cash and cash equivalents at 1 January 567 524
Effects of exchange rate changes 5 2
Cash and cash equivalents at 31 December 1,034 572
Net increase in cash and cash equivalents 462 46
         
Additional information to the statement of cash flows: 2012 2011
Interest income received 694 697
Interest expense paid -177 -194
Dividend income received 82 102
         
*) Investments include investment property, financial assets and investments related to unit-linked insurance contracts.
         
The items of the statement of cash flows cannot be directly concluded from the balance sheets due to e.g. exchange rate differences, and acquisitions and disposals of subsidiaries during the period.
         
Cash and cash equivalents include cash at bank and in hand and short-term deposits (max. 3 months).
         
Notes to the Group’s statement of cash flows
         
Disposals 2012
         
If P&C Insurance Holding AB sold the Russian insurance company SOAO Region on 30 Nov, 2012. The net net consideration paid was EURm 8. The cash and cash equivalents transferred amounted to EURm 1.
         
The assets and liabilities of the disposed company did not have a material effect on the Group's income statement, balance sheet or cash flows.