Consolidated cash flow statement (IFRS)

EUR 1,000 Note 1 Jan–31 Dec 2013 1 Jan–31 Dec 2012
Cash flows from operating activities

Profit before taxes -117,521 29,073
Adjustments 34

Depreciation and impairment 45,329 40,983

Share of the profit of associates and joint ventures -562 -1,064

Finance income and costs 26,669 21,363

Other adjustments
-10,042 -4,308
Cash flow before change in working capital
-56,127 86,048


Change in working capital

Increase (-)/decrease(+) in trade and other receivables
-54,459 38,774

Increase (-)/decrease(+) in inventories
-18,589 -52,438

Increase (+)/decrease(-) in current liabilities
156,225 8,843
Cash flow from operations before financial items and taxes
27,050 81,227





Interest paid
-18,177 -18,414
Other finance costs paid
-18,346 -14,435
Dividends received
361 694
Interest received
1,285 1,669
Other finance income received
16,304 9,668
Income tax paid
-202 -2,657
Cash flows from operating activities
8,275 57,751


Cash flows from investing activities

Purchases of property, plant and equipment
-26,025 -61,450

Proceeds from sale of property, plant and equipment
15,814 35,500

Purchases of intangible assets
-15,563 -12,819

Proceeds from sale of intangible assets
569 771

Investments in other assets
-92,010 -59,104

Proceeds from sale of other investments
124,587 152

Acquired subsidiary shares less cash and cash equivalents at time of purchase
-11,849 -1,928

Disposed subsidiary shares less cash and cash equivalents at time of sale
-2,265 55,356

Purchases of shares in associates and joint ventures
167
Cash flows from investing activities
-6,742 -43,355


Cash flows from financing activities

Increase (-)/decrease(+) of long-term loan receivables -185 4,397

Proceeds from short-term borrowings
490,682 247,015

Repayments of short-term borrowings
-456,614 -250,474

Proceeds from long-term borrowings
301,271 235,097

Repayments of long-term borrowings
-291,437 -291,726

Hybrid bond
69,095

Repayments of finance lease liabilities
-14,678 -13,566

Dividends paid
-11,744 -10,003
Cash flows from financing activities
17,296 -10,164


Increse (+) / decrease (‒) in cash and cash equivalents
18,829 4,232
Cash and cash equivalents at beginning of financial year 24 34,926 30,395
Translation difference of cash and cash equivalents
-2,683 298
Cash and cash equivalents at end of financial year
51,072 34,926