Annual Report 2015

Consolidated Statement of Cash Flows

 

EUR million

Note

2015

2014

Result for the financial period

 

36.0

-4.4

Adjustments:

     
 

Depreciation and amortization

9

80.5

86.0

 

Impairment losses

9

11.9

4.4

 

Gains on sale of intangible and tangible assets

4

-46.4

-1.9

 

Losses on sale of intangible and tangible assets

10

1.5

1.0

 

Financial income

11

-13.9

-26.6

 

Financial expense

11

25.7

33.1

 

Income tax

12

7.4

-0.2

 

Other adjustments

 

8.1

-4.1

Cash flow before change in net working capital

 

110.7

87.3

         
 

Change in trade and other receivables

 

2.5

24.5

 

Change in inventories

 

0.2

2.3

 

Change in trade payables and other liabilities

 

-21.0

-5.4

Change in net working capital

 

-18.2

21.3

         

Cash flow before financial items and income tax

 

92.4

108.6

         
 

Interests paid

 

-15.6

-21.2

 

Interests received

 

7.0

7.6

 

Other financial items

 

1.0

3.1

 

Income tax paid

 

-3.0

-4.9

Cash flow from financial items and income tax

 

-10.6

-15.4

         

Cash flow from operating activities

 

81.9

93.2

         

Purchase of intangible assets

 

-17.7

-11.4

Purchase of property, plant and equipment

 

-34.7

-31.5

Proceeds from sale of intangible and tangible assets

 

122.2

1.9

Business acquisitions

2

-3.5

-3.6

Proceeds from sale of subsidiaries and business divestments less cash and cash equivalents

2

14.2

0.7

Financial assets at fair value through profit or loss

 

-42.0

0.2

Financial assets held to maturity

 

-83.0

-12.0

Cash flow from other investments

 

4.0

9.5

Cash flow from investing activities

 

-40.4

-46.3

         

Increases in current loans

30

4.3

-

Repayment of current loans

30

-

-12.5

Increases in non-current loans

30

-

0.2

Repayment of finance lease liabilities

30

-12.2

-10.9

Cash flow from financing activities

 

-8.0

-23.2

         

Change in cash and cash equivalents

 

33.4

23.7

         

Cash and cash equivalents at the beginning of the period

25

98.7

81.0

Effect of changes in exchange rates

 

-0.3

-5.9

Cash and cash equivalents included in assets held for sale

 

-1.8

-

Cash and cash equivalents at the end of the period

25

130.1

98.7