LISI 2012 FINANCIAL REPORT
78
4
COMPANY FINANCIAL STATEMENTS
2.3
Cash flow movement table
(In €'000)
2012
2011
2010
Operating activities
Operating cash flow
15,731
13,440
8,193
Effect of changes in inventory on cash
Effect of changes in accounts receivable and accounts payable
(449)
(12,850)
12,882
Cash provided by or used for operations (A)
15,282
590
21,075
Investment operations
Cash used to acquire tangible and intangible assets
(281)
(97)
(7)
Cash received from the disposal of tangible and intangible assets
7
797
Cash used to acquire financial assets
(2)
Cash received from the disposal of financial assets
18
5
Net cash used for acquisitions and disposals of subsidiaries
(33,337)
31,920
Cash payments and collections from loans to subsidiaries
4,260
4,616
3,313
Cash provided by or used for investment activities (B)
(29,342)
36,445
4,108
Financing operations
Cash received from shareholders as part of a capital increase
1,015
Dividends paid to shareholders of the parent company
(13,531)
(10,913)
(7,216)
Cash received from new loans
25,093
82,384
268
Repayment of financing loans (C)
(27,332)
(5,273)
(5,295)
Cash provided by or used for investment activities (B)
(15,769)
66,197 (11,227)
Effect of change in foreign exchange rates (D)
Changes in cash (A+B+C+D) *
(29,829)
103,233
13,956
Cash at January 1
st
(E)
161,227
57,995
44,039
Cash at December 31
st
(A+B+C+D+E)
131,397
161,227
57,995
Marketable securities
79,460
64,445
73,580
Cash subsidiaries’ current accounts
177,259
151,766
41,022
Banking facilities, subsidiaries’ current accounts
(125,322)
(54,984)
(56,607)
Closing cash position **
131,397
161,227
57,995
* The overall change in cash position corresponds to the total of net cash flows generated by the various categories compartments: operations, investment, and
financing.
** The cash position is the algebraic sum of the balance sheet assets and liabilities.
