Consolidated statement of cash flows for the years ended 31 December
| In CHF million | |||
| Notes | 2015 | 2014 | |
| TOTAL NET CASH FLOWS FROM OPERATIN G ACTIVITI ES | -713 | 650 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of investments in associates | 0 | - | |
| Sales of investments in associates | 1 | 4 | |
| Dividends received from associates | 15 | 181 | 10 |
| Purchases of property and equipment | -13 | -80 | |
| Sales of property and equipment | 3 | 6 | |
| Purchases of computer software and other intangible assets | -11 | -11 | |
| Acquisitions of subsidiaries, net of cash and cash equivalents | 28 | -7 | -222 |
| TOTAL NET CASH FLOWS FROM INVESTING ACTIVITIES | 154 | -291 | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Issuance of debt instruments | 774 | 5 | |
| Redemption ofdebt instruments | -401 | -50 | |
| Distribution out of capital contribution reserve | -207 | -176 | |
| Purchases of treasury shares | -35 | -15 | |
| Capital contributions from non-controlling interests | 3 | - | |
| Borrowing costs paid | -138 | -146 | |
| Dividends paid to non-controlling interests | -1 | -1 | |
| TOTAL NET CASH FLOWS FROM FINANCING ACTIVITIES | -5 | -383 | |
| TOTAL CHANGE IN CASH AND CASH EQUIVALENTS | -563 | -24 | |
| Cash and cash equivalents as at 1 January | 6 062 | 6 088 | |
| Foreign currency differences | -203 | -3 | |
| Total change in cash and cash equivalents | -563 | -24 | |
| CASH AND CASH EQUIVALENTS AS AT END OF PERIOD | 5 296 | 6 062 | |
| COMPONENTS OF CASH AND CASH EQUIVALENTS | |||
| Cash on hand and demand deposits | 2 660 | 3 740 | |
| Cash equivalents | 11 | 14 | |
| Cash and cash equivalents for the account and risk of the Swiss Life Group's customers | 2 625 | 2 309 | |
| TOTAL CASH AND CASH EQUIVALENTS AS AT END OF PERIOD | 5 296 | 6 062 |