Wincor-Nixdorf Half-year Interim Report 2007/2008

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1)	October 1, 2007 – March 31, 2008.
2)	October 1, 2006 – March 31, 2007.
3)	After elimination of profit charges arising from the carve-out (further information under Effect of Profit Charges arising from the Carve-out.).
4)	Include cash and cash equivalents and current bank borrowings.

6 months
2007/2008¹

6 months
2006/2007²

EBITA³

100,655

90,117

Amortization/depreciation of property rights, licenses and property, plant and equipment

21,428

19,670

Write-down of reworkable service parts

1,284

2,474

EBITDA³

123,367

112,261

Interest paid

–5,323

–3,564

Income taxes paid

–27,186

–15,965

Gains on disposal of intangible assets and property, plant and equipment

–505

–118

Decrease/increase in accruals

–2,075

20,621

Other non-cash expenses, less other non-cash income

6,599

1,069

Decrease in working capital

87,971

48,338

Increase in other assets and other liabilities

–40,832

–32,031

Cash flow from operating activities

142,016

130,611

Payments received from the disposal of property, plant and equipment

965

239

Payments received from the disposal of investments

Payments made for investment in intangible assets

–3,244

–4,499

Payments made for investment in property, plant and equipment

–26,123

–16,776

Payments made for acquisition of consolidated affiliated companies and other business units

–2,405

–2,003

Payments made for investment in reworkable service parts

–1,977

–5,232

Cash flow from investment activities

–32,766

–28,251

Payments made to equity holderss

–88,026

–45,853

Payments received from loan draw-downs

35,000

Payments made for repayment of financial loans

–1,022

–26,097

Payments received from minority interest

120

Payments made to minority interest and other distributions

–97

Payments made for repurchase of own shares

–43,533

–23,565

Payments made/received due to special items

–30

–466

Cash flow from financing activities

–97,708

–95,861

Change in liquidity

11,542

6,499

Change in cash and cash equivalents from exchange rate movements

–1,028

–35

Cash and cash equivalents at beginning of period⁴

–10,734

–5,982

Cash and cash equivalents at end of period⁴

–220

482

Group Cash Flow Statement