4.4 Legal risk - Scor

20.1.6.12 NOTE 12 - CASH AND CASH EQUIVALENTS AND CASH FLOWS
In EUR million 2012 2011
Cash on hand and cash equivalent 806 698
Short-term deposits and investments 660 583
Cash and cash equivalents 1,466 1,281
Total cash and cash equivalents include short term deposits and investments, which mature less than three months from the
date of the initial investment and earn interest based on the daily rates for short term deposits. Money market funds meeting
certain criteria are also classified as cash equivalent.
Liquidity is defined as cash and cash equivalents (as presented above) and short term investments comprised primarily of
government bonds maturing between 3 and 12 months from date of purchase (as presented within Note 7 – Loans and
receivables). Total liquidity as at 31 December 2012 is EUR 2,735 million (2011: EUR 3,055 million).
NET CASH FLOW FROM OPERATIONS
The following table reconciles consolidated net income to net cash flow provided by (used in) operations as presented on
the statement of cash flows:
For the year ended 31 December
In EUR million 2012 2011 2010
Consolidated Group net income 418 330 418
Realized gains and losses on investment disposals (54) (168) (24)
Change in accumulated amortization and other
provisions 55 99 (1)
Changes in deferred acquisition costs (97) (37) 68
Net increase in contract liabilities 256 845 432
Change in fair value of financial instruments
recognized at fair value through income 57 43 28
Other non-cash items included in operating results 34 (601) (325)
Net cash flow provided by operations,
excluding changes in working capital 669 511 596
Change in loans and accounts receivable 181 4 73
Cash flows from other assets and liabilities - - -
Net tax (paid)/received (89) 15 (13)
Net cash flow provided by operations 761 530 656
During the year the Group received and paid out operational cash relating to investment income and taxes. Dividend and
interest cash receipts relating to investments held during the year were EUR 34 million (2011: EUR 50 million and 2010:
EUR 40 million) and EUR 354 million (2011: EUR 360 million and 2010: EUR 399 million). Tax cash outflows/inflows during
the year were EUR (89) million (2011: outflow of EUR 15 million and 2010: inflow of EUR 13 million).
In 2011, Life cash flow did not include AEGON operating settlements of EUR 108 million which were not received until
January 2012.
20.1.6.13 NOTE 13 - INFORMATION ON SHARE CAPITAL, CAPITAL MANAGEMENT, REGULATORY FRAMEWORK
AND SHAREHOLDERS’ EQUITY
SHARE CAPITAL
Authorized share capital
The authorized share capital of the Company at 31 December 2012 was 192,384,219 shares with a nominal value of
EUR 7.8769723 each compared with authorized share capital of 192,021,303 shares with a nominal value of
EUR 7.8769723 at the end of 2011 and with authorized share capital of 187,795,401 shares with a nominal value of
EUR 7.8769723 at the end of 2010.
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