CONSOLIDATED CASH FLOW STATEMENT (1,000 €) |
1 Jan.–31 Dec. 2013 | 1 Jan.–31 Dec. 2012 | |||
Cash flow from operating activities | |||||
Operating profit | 70,595 | 52,357 | |||
Adjustments to operating profit 1) | 90,885 | 94,780 | |||
Change in net working capital | -29,812 | -66,335 | |||
Interest received | 2,959 | 2,145 | |||
Interest paid and payments for other financial expenses | -3,121 | -651 | |||
Dividends received | 240 | 14 | |||
Taxes paid/received | -1,997 | -1,688 | |||
Net cash from operating activities | 129,748 | 80,622 | |||
Cash flow from investing activities | |||||
Capital expenditure on fixed assets and shares | -157,222 | -111,374 | |||
Other fixed assets disposals | 85,973 | 20,980 | |||
Subsidiaries/business operations sold | 15,944 | 40,881 | |||
Change in other long-term investments | -21,011 | -1,302 | |||
Repayments of loan receivables | 5,059 | 3,967 | |||
Net cash from investing activities, total | -71,257 | -46,848 | |||
Cash flow before financing activities | 58,492 | 33,774 | |||
Cash flow from financing activities | |||||
Current loans - raised/repaid | -171 | -1351 | |||
Dividends paid | |||||
Net cash used in financing activities, total | -171 | -1351 | |||
Change in cash reserves | 58,321 | 32,423 | |||
Cash reserves on 1 Jan. | 206,982 | 174,559 | |||
Cash reserves on 31 Dec. | 265,303 | 206,982 | |||
1) Depreciation according to plan, other non-monetary items, and items shown elsewhere in cash flow. |