Group 2014 |
Group 2013 |
Parent company 2014 |
Parent company 2013 |
|||
EUR 1,000 |
||||||
Cash flows from operating activities |
||||||
Profit/loss before non-recurring items |
90,335 |
75,868 |
2,731 |
4,652 |
||
Adjustments: |
||||||
Depreciation according to plan and impairment |
52,282 |
53,700 |
676 |
691 |
||
Other income and expenses not including payments |
-3,204 |
-576 |
||||
Financial income and expenses |
46,333 |
40,303 |
-4,136 |
-5,303 |
||
Other adjustments |
-9,885 |
-8,739 |
5 |
-1,017 |
||
Cash flow from operating activities before change in working capital |
175,862 |
160,556 |
-723 |
-978 |
||
Change in working capital: |
||||||
Change in sales receivables and other receivables |
1,409 |
1,180 |
-22,255 |
-14,787 |
||
Change in inventories |
10,089 |
-632 |
||||
Change in accounts payable and other liabilities |
-4,331 |
-1,539 |
-135 |
328 |
||
Change in developer’s liability for debts |
-6,595 |
-1,151 |
||||
Cash flows from operating activities before financial items, provisions and taxes |
176,434 |
158,413 |
-23,114 |
-15,436 |
||
Interest paid and payments on other operational financial costs |
-44,016 |
-46,754 |
-2,756 |
-1,371 |
||
Financial income from operating activities |
1,011 |
2,294 |
799 |
551 |
||
Direct taxes paid |
-18,391 |
-15,483 |
-5,000 |
-4,042 |
||
Cash flows from operating activities (A) |
115,037 |
98,470 |
-30,071 |
-20,298 |
||
Cash flows from investing activities |
||||||
Investments in tangible and intangible assets |
-155,521 |
-148,527 |
-222 |
-295 |
||
Contributions received for investments |
340 |
1,627 |
||||
Capital gains from the disposal of tangible and intangible assets |
11,586 |
10,077 |
144 |
|||
Other investments |
-460 |
-212 |
||||
Capital gains on other investments |
46 |
892 |
||||
Long-term loans granted |
-23 |
-99,423 |
||||
Repayments on long-term loan receivables |
40 |
43 |
23 |
|||
Repayments on short-term loan receivables |
2,298 |
|||||
Subsidiary shares acquired *) |
-44,330 |
-60,673 |
-988 |
|||
Subsidiary shares divested *) |
5,816 |
5,745 |
4,230 |
3,042 |
||
Participating interests acquired |
-396 |
-410 |
||||
Participating interests divested |
590 |
102 |
589 |
|||
Interest and dividends received on investments |
1,005 |
650 |
6,204 |
3,986 |
||
Cash flows from investing activities (B) |
-181,284 |
-190,709 |
9,813 |
-90,226 |
||
Cash flows from financing activities |
||||||
Withdrawals of long-term loans |
111,944 |
181,977 |
100,000 |
|||
Repayments on long-term loans |
-60,957 |
-58,800 |
-429 |
-7,754 |
||
Change in short-term loans |
17,440 |
5,849 |
17,443 |
5,848 |
||
Acquired financial securities |
-17,810 |
-75,599 |
-6 |
-4,075 |
||
Capital gains from financial securities |
11,637 |
66,937 |
7 |
14,453 |
||
Dividends paid |
-16,286 |
-14,805 |
-16,286 |
-14,805 |
||
Group contributions received |
16,677 |
13,900 |
||||
Cash flows from financing activities (C) |
45,968 |
105,559 |
17,406 |
107,567 |
||
Change in cash and cash equivalents (A+B+C) |
-20,279 |
13,319 |
-2,851 |
-2,957 |
||
Cash and cash equivalents at beginning of period |
142,283 |
128,963 |
3,784 |
6,741 |
||
Cash and cash equivalents at end of period |
122,004 |
142,283 |
932 |
3,784 |
||
*) Shares acquired and divested less cash and cash equivalents on acquisition date.
Cash and cash equivalents include bank accounts, liquid deposit notes and certificates of deposit.