Group Cash Flow Statement1


 

 

€k

 

2007/2008

2006/2007

1)

For further explanations, see Note 27.

2)

After elimination of profit charges arising from the carve-out (Glossary, see Note 29.

3)

Include cash and cash equivalents and current bank borrowings.

EBITA (Glossary2

205,863

185,901

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

46,414

42,218

Write-down of reworkable service parts

7,743

4,907

EBITDA (Glossary2

260,020

233,026

Interest paid

–12,955

–9,355

Income taxes paid

–56,189

–37,207

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

–530

–269

Decrease/increase in accruals

–6,214

36,418

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

–878

1,212

Decrease/increase in working capital (Glossary

3,017

–39,795

Decrease/increase in other assets and other liabilities

9,938

–3,674

Cash flow from operating activities

196,209

180,356

Payments received from the disposal of property, plant and equipment

1,856

1,157

Payments received from the disposal of investments

17

32

Payments made for investment in intangible assets

–6,054

–8,378

Payments made for investment in property, plant and equipment

–60,464

–43,431

Payments made for acquisition of consolidated affiliated companies, jointly controlled entities and other business units

–1,969

–10,012

Payments made for investments

0

–2

Payments made for investment in reworkable service parts

–5,304

–5,552

Cash flow from investment activities

–71,918

–66,186

Payments made to equity holders

–88,026

–45,853

Payments received from loan draw-downs

16,434

43

Payments made for repayment of financial loans

–13

–20,744

Payments received from minority interest

0

120

Settlement of share-based payment program and payments made to minority interest

–164

–7,718

Payments made for repurchase of own shares

–43,533

–43,693

Payments made due to special items

–551

–1,038

Cash flow from financing activities

–115,853

–118,883

Net increase/decrease in cash and cash equivalents

8,438

–4,713

Change in cash and cash equivalents from exchange rate movements

–241

–39

Cash and cash equivalents at beginning of period3

–10,734

–5,982

Cash and cash equivalents at end of period3

–2,537

–10,734

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