LISI 2012 FINANCIAL REPORT
71
3
Consolidated financial statements
TRANSITION FROMTHE PUBLISHED CASH FLOWMOVEMENT TABLE TO THE RESTATED CASH FLOWMOVEMENT TABLE
(in €'000)
12/31/2011
revised IAS19 12/31/2011 restated
Operating activities
Net earnings
58,078
952
59,030
Elimination of net charges not affecting cash flows :
- Depreciation and non-recurrent financial provisions
47,665
47,665
- Changes in deferred taxes
(241)
538
297
- Income on disposals, provisions for liabilities and others
(8,700)
(1,490)
(10,190)
Gross cash flow margin
96,801
96,801
Net changes in provisions provided by or used for current operations
(1,503)
(1,503)
Operating cash flow
95,299
95,299
Income tax expense (revenue
24,511
24,511
Elimination of net borrowing costs
4,009
4,009
Effect of changes in inventory on cash
(33,562)
(33,562)
Effect of changes in accounts receivable and accounts payable
13,203
13,203
Net cash provided by or used for operations before tax
103,459
103,459
Taxes paid
(28,138)
(28,138)
Cash provided by or used for operations (A)
75,321
(0)
75,321
Investment activities
Acquisition of consolidated companies
(100,000)
(100,000)
Cash acquired
5,569
5,569
Acquisition of tangible and intangible fixed assets
(65,182)
(65,182)
Acquisition of financial assets
Change in granted loans and advances
(150)
(150)
Investment subsidies received
Dividends received
Total cash used for investment activities
(159,764)
(159,764)
Divested cash
(6,476)
(6,476)
Disposal of consolidated companies
31,920
31,920
Disposal of tangible and intangible fixed assets
277
277
Disposal of financial assets
22
22
Total cash from disposals
25,742
25,742
Cash provided by or used for investment activities (B)
(134,021)
(134,021)
Financing activities
Capital increase
Net disposal (acquisition) of treasury shares
Dividends paid to shareholders of the Group
(10,913)
(10,913)
Dividends paid to minority interests of consolidated companies
Total cash from equity operations
(10,913)
(10,913)
Issue of long-term loans
87,914
87,914
Issue of short-term loans
229
229
Repayment of long-term loans
(2,062)
(2,062)
Repayment of short-term loans
(18,520)
(18,520)
Net interest expense paid
(4,052)
(4,052)
Total cash from operations on loans and other financial liabilities
63,509
63,509
Cash provided by or used for financing activities (C)
52,596
52,596
