Parent company cash flow statement (FAS)

EUR million 1 Jan–31 Dec 2015 Adjusted
1 Jan–31 Dec 2014
Cash flows from operating activities


Profit/loss before extraordinary items -24.0 -23.4

Adjustments



Depreciation and impairment 7.8 6.3


Finance income and costs 18.5 10.1


Other adjustments 0.4 -12.5
Cash flow before change in working capital 2.7 -19.5





Change in working capital


Increase(-)/decrease(+) in trade and other receivables 4.4 0.1

Increase(+)/decrease(-) in current liabilities -0.9 -51.1
Cash flow from operations before financial items and taxes 6.2 -70.5





Interest and other finance costs paid -76.8 -51.7
Dividends received
12.4
Interest and other finance income received 40.2 57.1
Income tax paid 0.0 0.0
Cash flow from operating activities -30.5 -52.8




Cash flows from investing activities


Purchases of tangible and intangible assets -0.7 -5.1

Proceeds from sale of tangible and intangible assets 1.1 1.6

Investments in other assets
0.0

Return on invested capital
2.9

Proceeds from sale of other investments 0.7 1.2

Disposed subsidiary shares
53.9
Cash flow from investing activities 1.1 54.5




Cash flows from financing activities


Increase(-)/decrease(+) of long-term loan receivables -120.1 1.7

Share issue for cash consideration
29.3

Group contributions received 22.2 1.2

Change in Group receivables/liabilities 206.0 43.0

Proceeds from short-term borrowings 29.5 128.0

Repayments of short-term borrowings -79.7 -304.3

Proceeds from long-term borrowings
370.0

Repayments of long-term borrowings -29.1 -210.0
Cash flow from financing activities 28.8 58.8




Increase(+)/decrease(–) in cash and cash equivalents -0.6 60.5
Cash and cash equivalents at begining of financial year 118.9 58.4
Cash and cash equivalents at the end of financial year 118.3 118.9