4.4 Legal risk - Scor

20.1.4 CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER
In EUR million 2012 2011 2010
Net cash flow provided by (used in) operations Note 12 761 530 656
Acquisitions of consolidated entities, net of cash acquired - (48) -
Disposals of consolidated entities, net of cash disposed of (1) (3) 9 -
Acquisitions of real estate investments (95) (150) (88)
Disposals of real estate investments 84 30 23
Acquisitions of other insurance business investments (2) (12,577) (15,570) (11,012)
Disposals of other insurance business investments (2) 12,227 15,351 10,382
Acquisitions of tangible and intangible assets (74) (202) (36)
Disposals of tangible and intangible assets - - 1
Cash flows provided by (used in) investing activities (438) (580) (730)
Issuance of equity instruments 9 76 (3)
Treasury share transactions (65) (41) (5)
Dividends paid (203) (201) (137)
Cash generated by issuance of financial debt 294 770 70
Cash used to redeem financial debt (75) (290) (206)
Interest paid on financial debt (106) (42) (33)
Cash flows generated by (used in) financing activities (146) 272 (314)
Effect of change in foreign exchange rates on cash and cash
equivalents 8 52 70
TOTAL CASH FLOW 185 274 (318)
Cash and cash equivalents at 1 January Note 12 1,281 1,007 1,325
Net cash flows from operations 761 530 656
Net cash flows from investing activities (438) (580) (730)
Net cash flows from financing activities (146) 272 (314)
Effect of change in foreign exchange rates on cash and cash
equivalents 8 52 70
CASH AND CASH EQUIVALENTS AT 31 DECEMBER 1,466 1,281 1,007
(1) Settlement of certain contingencies in 2012 related to the US Fixed Annuity Business sold in 2011 – refer to Note 3 – Acquisitions and disposals
(2) Acquisitions and disposals of other insurance business investments also include movements relating to bonds and other short term investments which have a maturity
date of < 3 months, and are classified as cash equivalents
195