Parent company cash flow statement (FAS)

EUR 1,000 1 Jan–31 Dec 2013 1 Jan–31 Dec 2012
Cash flow from business operations


Profit/loss before extraordinary items -21,468 24,036

Adjustments


Depreciation according to plan 6,845 4,421


Finance income and costs 8,516 3,727


Other adjustments -39 -38,921
Cash flow before change in working capital -6,146 -6,737


Change in working capital

Increase(-)/decrease(+) in current interest-free business receivables -22,818 8,233

Increase(+)/decrease(-) in current interest-free liabilities -2,148 626
Cash flow from operations before financial items and taxes -31,112 2,123


Interest and other finance costs paid -31,648 -24,562
Dividends received 55 241
Interest and other finance income received 26,345 19,610
Direct taxes paid -8 70
Cash flow from business operations -36,367 -2,518


Cash flow from investments

Investments in tangible and intangible assets -8,672 -16,829

Proceeds from sale of tangible and intangible assets 77 1,244

Acquired subsidiary shares -5

Disposed subsidiary shares 42,633
Cash flow from investments -8,594 27,042


Cash flow from financing

Increase(-)/decrease(+) in non-current receivables 235

Group contributions received 19,400 22,900

Change in Group receivables/liabilities -5,281 22,712

Short-term loans drawn 270,621 215,744

Repayments of short-term loans -246,975 -246,249

Long-term loans drawn 300,000 300,916

Repayments of long-term loans -290,000 -264,715

Dividends paid -11,755 -9,820
Cash flow from financing 36,010 41,723


Increase(+)/decrease(-) in cash and cash equivalents -8,951 66,247
Cash and cash equivalents at begining of financial year 67,320 1,073
Cash and cash equivalents at the end of financial year 58,368 67,320