70
I LISI FINANCIALREPORT2013
COMPANYFINANCIALSTATEMENTS
4
2.3
|
CASHFLOWMOVEMENTTABLE
(In€'000)
2013
2012
2011
Operatingactivities
Operatingcash flow
22,009
15,731
13,440
Effectof changes in inventoryoncash
Effectof changes inaccounts receivable andaccountspayable
(3,752)
(449)
(12,850)
Cashprovidedbyorusedforoperations (A)
18,257
15,282
590
Investmentoperations
Cashused toacquire tangibleand intangibleassets
(54)
(281)
(97)
Cash received from thedisposalof tangibleand intangibleassets
7
Cashused toacquire financial assets
(2)
Cash received from thedisposalof financial assets
18
Net cashused foracquisitionsanddisposalsof subsidiaries
(33,337)
31,920
Cashpaymentsandcollections from loans tosubsidiaries
4,000
4,260
4,616
Cashprovidedbyorusedfor investingactivities (B)
3,946
(29,342)
36,445
Financingoperations
Cash received fromshareholdersaspartofacapital increase
Dividendspaid toshareholdersof theparent company
(14,674)
(13,531)
(10,913)
Cash received fromnew loans
56,534
25,093
82,384
Repaymentof loans
(63,760)
(27,332)
(5,273)
Cashprovidedbyorusedforfinancingactivities (C)
(21,901)
(15,769)
66,197
Effectof change in foreignexchange rates (D)
Changes incash (A+B+C+D)*
301
(29,829)
103,233
Cashat January1
st
(E)
131,397
161,227
57,995
CashatDecember31
st
(A+B+C+D+E)
131,698
131,397
161,227
Marketablesecurities
85,574
79,460
64,445
Cash, subsidiaries’ currentaccounts
208,227
177,259
151,766
Banking facilities, subsidiaries’ currentaccounts
(162,103)
(125,322)
(54,984)
Closingcashposition**
131,698
131,397
161,227
*Theoverallchange incashpositioncorrespondstothetotalofnetcash flowsgeneratedbythevariouscategories :operations, investment,and financing.
**Thecashposition isthealgebraicsumofthebalancesheetassetsand liabilities.
