Net cash flow provided by operating activities was € 20.3 billion in 2006, down € 27.0 billion from a year ago. This decline resulted primarily from higher volumes of collateralized refinancing activities at Dresdner Bank, previously discussed under “Balance Sheet Review – Banking Assets and Liabilities”.
Higher net cash flow used in investing activities, at € 34.5 billion in 2006 compared to € 22.9 billion in the prior year, was mainly attributable to an increased balance of loans and advances to banks and customers.
Net cash flow provided by financing activities rose by € 24.1 billion to € 15.6 billion in 2006. The primary contributing factor were net inflows from liabilities to banks and customers included within financing cash flow of € 13.5 billion, compared to net outflows of € 19.2 billion in 2005.
Overall, cash and cash equivalents increased by € 1.4 billion in 2006 to € 33.0 billion as of December 31, 2006.
The Allianz Group holds cash and cash equivalents in more than 30 different currencies, although such cash and cash equivalents are held primarily in Euros, U.S. Dollars and Swiss Francs. For additional information on the Allianz Group’s cash and cash equivalents please see page 158. You find it in the PDF file "Notes to the Consolidated Financial Statements", which you can download on page Notes to the Consolidated Financial Statements.
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