Statement of cashflow - TrygVesta Group

DKKm		2007	2008

	Cash generated from operations
	Premiums	16,800	17,412
	Claims paid	-11,376	-12,934
	Ceded business	-122	-22
	Expenses	-2,705	-2,890
	Change in other payables and other amounts receivable	-308	-591
	Cash flow from insurance operations	2,289	975
	Interest income	1,164	1,573
	Interest expenses	-186	-135
	Dividend received	169	40
	Taxes	-693	-628
	Other items	-55	-53
	Cash generated from operations, continuing business	2,688	1,772
	Cash generated from operations, discontinued and divested business	0	0
	Total cash generated from operations	2,688	1,772

	Investments
	Acquisition of real property	-16	-1,098
	Sale of real property	17	26
	Acquisition of equity investments and unit trust units (net)	1,062	2,080
	Purchase/Sale of bonds (net)	-856	-1,180
	Deposits in Credit institutions	-303	-87
	Purchase of operation equipment	-187	0
	Sale of operation equipment	5	110
	Foreign currence hedging	-98	615
	Investments, continuing business	-376	466
	Investments, discontinued and divested business	0	0
	Total investments	-376	466

	Funding
	Purchase of own shares	-50	-1,160
	Dividend paid	-2,244	-1,156
	Change in debt to credit institutions	-65	110
	Funding, continuing business	-2,359	-2,206
	Funding, discontinuied and divested business	0	0
	Total funding	-2,359	-2,206

	Change in cash and cash equivalents, net	-47	32
	Price adjustment of cash and cash equivalents, beginning of period	7	-48
	Change in cash and cash equivalents, gross	-40	-16
	Cash and cash equivalents, beginning of period	338	298
	Cash and cash equivalents, end of period	298	282