Cashflow statement

DKKm		2007	2006

	Cash generated from operations
	Premiums	16,800	15,935
	Claims paid	-11,376	-9,902
	Ceded business	-122	-153
	Expenses	-2,705	-2,698
	Change in other payables and other amounts receivable	-316	13
	Cash flow from insurance operations	2,281	3,195
	Interest income	1,164	886
	Interest expenses	-186	-207
	Dividend received	169	261
	Taxes	-693	-718
	Other items	-55	-31
	Cash generated from operations, continuing business	2,680	3,386
	Cash generated from operations, discontinued and divested business	0	-139
	Total cash generated from operations	2,680	3,247

	Investments
	Acquisition of real property	-16	-240
	Sale of real property	17	10
	Acquisition of equity investments and unit trust units (net)	1,062	163
	Purchase/Sale of bonds (net)	-856	-1,925
	Deposits in Credit institutions	-303	0
	Purchase of operation equipment	-187	-188
	Sale of operation equipment	5	82
	Acquisition of subsidiares	0	0
	Sale of subsidiares	0	142
	Acquisition of associate	0	0
	Sale of associated	0	14
	Foreign currence hedging	-98	107
	Investments, continuing business	-376	-1,835
	Investments, discontinued and divested business	0	0
	Total investments	-376	-1,835

	Funding
	Purchase of own shares	-50	-83
	Share options	8	16
	Dividend paid	-2,244	-1,428
	Change in debt to credit institutions	-65	-121
	Funding, continuing business	-2,351	-1,616
	Funding, discontinuied and divested business	0	0
	Total funding	-2,351	-1,616

	Change in cash an cash equivalents, net	-47	-204
	Price adjustment of cash and cash equivalents, begining of period	7	-2
	Additions relating to purchase of associate	0	1
	Change in cash and cash equivalents, gross	-40	-205
	Cash and cash equivalents, begining of period	338	543
	Cash and cash equivalents, end of period	298	338