Statement of Cash Flows
of which
from
related
(EUR 000) 31.12.2009 parties
Cash flow from operating activities:
Gross cash flow from operating activities 145.798
Change in working capital 12.203 -44.967
Changes in other operating assets and liabilities -1.125 150
Net finance costs paid 4.819 1.997
Income taxes paid -38.738
Net cash generated from operating activities 122.957
Cash flow from investing activities:
Acquisitions of subsidiaries, net of cash acquired 618
Purchase of property, plant and equipment and intangible
assets -9.5
Proceeds from sale of property, plant and equipment and
intangible assets 353
Dividends received -
Other investing activities -3.21
Net cash used in investing activities -11.739
Cash flow from financing activities:
Net change in other financing activities -53.865 -13.435
Share capital increases
Dividends paid to minority interests
Net cash used in financing activities -53.865
Net increase (decrease) in cash and cash equivalents 57.353
Translation differences -348
Cash and cash equivalents at 1 January 71.536
Cash and cash equivalents at 31 December 128.541
Total Shareholders’ equity 301.536
Non-current liabilities
Borrowings 15:16 4.032
Severance pay and other employee liabilities 15:18 30.753
Deferred tax liabilities 16:11 2.81
Other liabilities 15:19 8.654
46.249
Current liabilities
Advances from customers 15:07 651.95
Trade payables 15.1 – 15.20 248.168
Borrowings 15:16 12.54
Income tax payables 15:09 3.667
Provisions for risks and charges 15:17 27.726
Derivatives 15:21 2.816
Other liabilities 15.1 – 15.19 80.217
1,027,084
Total liabilities 1,073,333
Total liabilities and Shareholders’ equity 1,374,869
of which
31.12.2008 from related parties
131.484
-19.621 -28.528
-11.407 -706
6.54 4.249
-53.771
53.225
623
-11.033
94
333
-2.075
-12.058
-33.478 1.348
-33.478
7.689
462
63.385
71.536
238.752
5.747
31.505
4.74
8.602
50.594
502.405
20.524 213.501
- 9.428
7.247
28.541
751
441 81.231
843.104
893.698
1,132,450