notes to the cash flow statement
According to ias 7, the cash flow statement reports cash flows separately for incoming and outgoing funds from operating, investing and financing activities. The calculation of cash flows is derived from the Group consolidated financial statements of the kuka Aktiengesellschaft by the indirect method.
Cash and cash equivalents in the cash flow statement comprise all cash and cash equivalents disclosed on the balance sheet; i. e., cash in hand, checks and cash with banks provided they are available within three months. None of the cash and cash equivalents is subject to restraints on disposal.
Cash flow from operating activities is derived indirectly from the earnings after taxes on income.
Under the indirect method, the relevant changes to the balance sheet items associated with operating activities are adjusted for currency translation effects and changes to the scope of consolidation.
The initial consolidations resulted in amounts to be recognized as additions to non-current assets of € 0.1 million (prior year: € 0.2 million), additions to inventories equal to € 1.1 million (prior year: € 0.0 million), as well as to receivables and other assets equal to € 1.0 million (prior year: € 0.1 million), cash and cash-equivalents of € 1.3 million (prior year: € 0.4 million). On the liability side, the initial consolidations required the recognition of reserves in the amount of € 0.1 million (prior year: € 0.0 million), and other liabilities in the amount of € 3.5 million (prior year: € 0.4 million).
The sales price for the company in the former Packaging Division was € 176.1 million and was settled in cash funds. The proceeds from the sale of companies are net of cash and cash equivalents in the amount of € 15.9 million. The resulting amounts for derecognition were € 107.8 million in non-current assets, € 97.5 million in inventories as well as € 121.4 million in receivables and other assets. The liabilities to be taken into account included provisions of € 77.0 million, liabilities due to financial institutions of € 23.3 million as well as other liabilities including trade payables and liabilities to affiliated or associated companies of € 158.9 million.
Cash inflows / outflows from operating activities also include the following items: Interest paid in the amount of € 7.8 million (prior year: € 12.8 million), interest received in the amount of € 8.8 million (prior year: € 2.3 million) and income taxes paid in the amount of € 30.3 million (€ 0.9 million).