cash flow statement
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|
in € millions |
2007 * |
2008 * |
||
|---|---|---|---|---|
|
net income for the year |
117.9 |
30.6 |
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|
Result from the disposal of discontinued operations |
– 71.8 |
0.0 |
||
|
Amortization of intangible assets |
9.1 |
8.9 |
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|
Depreciation of tangible assets |
20.0 |
17.1 |
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Write-off of financial assets |
0.1 |
0.0 |
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Other non-payment related expenses / income |
5.9 |
12.8 |
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|
cash earnings |
81.2 |
69.4 |
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|
Result on the disposal of assets |
– 17.0 |
– 2.0 |
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|
Changes in provisions |
23.6 |
– 47.9 |
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Changes in current assets and liabilities: |
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Changes in inventories |
– 8.8 |
0.2 |
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Changes in receivables and deferred charges |
11.5 |
– 80.3 |
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Changes in liabilities and deferred income (excl. financial debt) |
– 28.2 |
– 0.6 |
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|
cash flow from operating activities |
62.3 |
– 61.2 |
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|
(of that discontinued operations) |
(– 9.9) |
(0.0) |
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|
Payments from disposals of fixed assets |
39.1 |
3.9 |
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Payments for capital expenditures on intangible assets |
– 14.8 |
– 13.6 |
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Payments for capital expenditures on tangible assets |
– 15.9 |
– 18.9 |
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|
Payments for investments in financial assets |
– 1.0 |
0.0 |
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Outgoing payments in connection with the sale of consolidated companies and other business units |
|
|
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Payments for the acquisition of consolidated companies |
|
|
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Payments for the acquisition of finance lease receivables |
0.0 |
– 77.1 |
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|
cash flow from investing activities |
161.3 |
– 105.7 |
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|
(of that discontinued operations) |
(– 3.9) |
(0.0) |
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|
free cash flow |
223.6 |
– 166.9 |
||
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Payments for the acquisition of treasury shares |
0.0 |
– 27.9 |
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Payments of dividends |
0.0 |
– 26.1 |
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Payments for repaying liabilities due to banks and liabilities similar to bonds |
– 71.2 |
35.3 |
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cash flow from financing activities |
– 71.2 |
– 18.7 |
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|
(of that discontinued operations) |
(3.9) |
(0.0) |
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payment-related changes in cash and cash equivalents |
152.4 |
– 185.6 |
||
|
(of that discontinued operations) |
(– 9.9) |
(0.0) |
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Exchange rate-related and other changes in cash and cash equivalents |
– 4.1 |
3.7 |
||
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(of that discontinued operations) |
(– 3.5) |
(0.0) |
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changes in cash and cash equivalents |
148.3 |
– 181.9 |
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Cash and cash equivalents at the beginning of the period |
74.9 |
223.2 |
||
|
(of that discontinued operations) |
(13.4) |
(0.0) |
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cash and cash equivalents at the end of the period** |
223.2 |
41.3 |
||
|
(of that discontinued operations) |
(0.0) |
(0.0) |
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|
(of that continuing operations ) |
(223.2) |
(41.3) |
* Please see discussion of the cash flow statement in the Notes to the financial statements.
** Funds on hand correspond to the item “Cash and cash equivalents” on the balance sheet.