Annual report 2012

Consolidated Statement of Cash Flows

Consolidated Statement of Cash Flows as at 31 December 2012

EUR thousand Note 2012 2011
Cash flows from operating activities      
Profit before tax   46,262 48,818
Adjustments for:      
Depreciation and amortisation expense 13 , 14 , 18 179,032 192,366
Impairment and write-offs of property, plant and equipment   6,600 3,930
Gain or loss on disposal of property, plant and equipment   -983 -1,318
Finance income 10 -8,022 -10,074
Finance costs 10 24,291 24,506
Change in assets held for sale 20 639 1,203
Change in trade and other receivables 22 -18,725 -5,544
Change in other non-current assets   9,218 -2,733
Change in inventories 21 159 -1,832
Change in provisions 27 87 7,805
Change in deferred income 26 , 32 -14,221 127
Change in accruals   -3,628 1,922
Change in trade and other payables   40,481 5,678
Income tax paid   -15,644 -23,201
Net cash from operating activities   245,546 241,653
Cash flows from investing activities      
Receipts from investing activities   40,026 28,614
Proceeds from sale of property, plant and equipment   994 2,717
Dividends received   4,186 4,389
Interest received   3,792 2,119
Disposal of non-current investments   3,912 0
Disposal of current investments   27,142 19,389
Disbursements from investing activities   -203,672 -119,910
Acquisition of property, plant and equipment   -100,342 -78,718
Acquisition of intangible assets   -27,749 -16,841
Acquisition of investments   -64,707 -24,351
Interest bearing loans   -10,874 0
Cash used in investing activities   -163,646 -91,296
Cash flows from financing activities      
Receipts from financing activities   390 258
Paid in capital   390 120
Non-current borrowings   0 88
Current borrowings   0 50
Disbursements from financing activities   -99,481 -136,076
Repayment of current borrowings   0 -1,567
Repayment of non-current borrowings   -35,582 -91,674
Interest paid   -18,426 -20,741
Dividends paid   -45,473 -22,094
Cash flow used in financing activities   -99,091 -135,818
Net increase/decrease in cash and cash equivalents   -17,191 14,539
Closing balance of cash 24 44,074 61,265
Opening balance of cash 24 61,265 46,726