Statement of cash flows (FAS)

STATEMENT OF CASH FLOWS (FAS)
 
EUR 1 000 1 Jan–31 Dec 2014 1 Jan–31 Dec 2013
Cash flow from operations    
Profit before extraordinary items 17 925 10 858
Adjustments    
Depreciation and reduction of values 5 913 4 011
Financial income and expenses -37 769 -93 491
Other non-cash items 8 765 65 442
Cash generated from operations before net working capital -5 165 -13 180
     
Change in working capital    
Change in current receivables 35 326 -4 022
Change in current non-interest-bearing liabilities -11 966 -12 903
Cash generated from operations 18 194 -30 105
     
Interest expenses paid and other financial expenses -12 292 -37 701
Interest income received 7 059 29 607
Dividend received and equity refund 97 544 79 365
Income taxes paid 4 903 6 745
Net cash flow from operations 115 407 47 911
     
Cash flow from investing activities    
Purchase of tangible and intangible assets -2 982 -2 807
Proceeds from sale of tangible and intangible assets 5 -
Acquisition of Group companies and business operations -1 033 -44 522
Proceeds from sale of Group companies and business operations - 2 908
Loans granted -2 194 -1 821
Proceeds from repayments of loans 18 801 19 227
Total net cash used in investing activities 12 597 -27 015
     
Cash flow from financing activities    
Dividends paid -65 324 -59 754
Proceeds from issuance of share capital 5 366 7 052
Proceeds from long-term borrowings - 100 000
Repayments of long-term borrowings -433 -517
Proceeds from short-term borrowings 5 969 20 501
Repayments in short-term borrowings -33 845 -141 138
Change in intercompany cash pool, net -27 652 51 498
Group contributions received 29 000 42 670
Total net cash used in financing activities -86 917 20 312
     
Change in cash and cash equivalents 41 087 41 208
     
Cash and cash equivalents at beginning of period 77 978 36 770
Cash and cash equivalents at end of period 119 065 77 978
  41 087 41 208