LISI FINANCIALREPORT2013 I
29
CONSOLIDATEDFINANCIALSTATEMENTS
3
1.3
|
CASHFLOWMOVEMENTTABLE
(in€'000)
12/31/13
12/31/12
Operatingactivities
Netearnings
74,540
57,115
Eliminationofnet chargesnotaffectingcash flows:
-Depreciationandnon-recurrent financialprovisions
60,695
59,444
-Changes indeferred taxes
793
(1,966)
- Incomeondisposals,provisions for liabilitiesandothers
8,405
8,326
Grosscashflowmargin
144,433
122,919
Net changes inprovisionsprovidedbyorused for currentoperations
(2,099)
(3,241)
Operatingcashflow
142,333
119,678
Income taxexpense (revenue)
35,987
33,681
Eliminationofnetborrowingcosts
2,824
3,390
Effectof changes in inventoryoncash
(12,640)
(6,030)
Effectof changes inaccounts receivableandaccountspayable
(4,278)
4,055
TOTALEQUITYANDLIABILITIES
164,227
154,774
Taxespaid
(45,206)
(34,442)
Cashprovidedbyorusedforoperations (A)
119,019
120,332
Investmentactivities
Acquisitionof consolidatedcompanies
(10)
Cashacquired
Acquisitionof tangibleand intangible fixedassets
(88,980)
(79,268)
Acquisitionof financial assets
Change ingranted loansandadvances
(457)
(438)
Investment subsidies received
Dividends received
Totalcashusedfor investmentactivities
(89,437)
(79,716)
Divestedcash
744
Disposalof consolidatedcompanies
2,805
Disposalof tangibleand intangible fixedassets
1,319
857
Disposalof financial assets
1
Totalcashfromdisposals
1,319
4,407
Cashprovidedbyorusedfor investmentactivities (B)
(88,118)
(75,309)
Financingactivities
Capital increase
(16)
Netdisposal (acquisition)of treasuryshares
Dividendspaid toshareholdersof theGroup
(14,674)
(13,531)
Dividendspaid tominority interestsof consolidatedcompanies
Totalcashfromequityoperations
(14,674)
(13,547)
Issueof long-term loans
5,137
37,665
Issueof short-term loans
72,269
704
Repaymentof long-term loans
(4,663)
(4,041)
Repaymentof short-term loans
(87,170)
(37,079)
Net interestexpensepaid
(2,826)
(3,510)
Totalcashfromoperationson loansandotherfinancial liabilities
(17,253)
(6,261)
Cashprovidedbyorusedforfinancingactivities (C)
(31,926)
(19,808)
Effectof change in foreignexchange rates (D)
226
(2,435)
Effectofadjustments in treasuryshares (D)*
(4,691)
496
Changes innetcash (A+B+C+D)
(5,489)
23,276
Cashat January1st (E)
91,269
67,993
Cashatyearend (A+B+C+D+E)
85,776
91,269
Cashandcashequivalents
94,000
102,160
Short-termbanking facilities
(8,224)
(10,892)
Closingcashposition
85,776
91,269
*The-€4.7million includesareclassification intotheopeningcashbalanceof itemsnotmeetingthecriteria forallocationtocashequivalents.
