[27] Notes to the Group Cash Flow Statement.

The Group cash flow statement has been drawn up in accordance with IAS 7 “Statements of Cash Flows.”

Cash and cash equivalents include not only cash amounting to €85,336k (2014/2015: €37,838k) but also current bank liabilities repayable at any time amounting to €11,078k (2014/2015: €91,664k), as these could be considered in the management of cash.

The output value of the Group cash flow statement is EBITA (earnings before interest, taxes and amortization of goodwill), which amounted to €143,568k in the year under review (2014/2015: €21,851k). Adding amortization and depreciation of property rights, licenses and property, plant and equipment and write-downs on reworkable service parts gives EBITDA of €206,366k (2014/2015: €76,058k).

In addition, the income taxes paid of –€37,482k (2014/2015: –€36,222k), the elimination of the result from the sale of subsidiaries of –€13,836k (2014/2015: €0k), the change in working capital of €15,174 (2014/2015: €45,738k) and the change in accruals of –€43,898k (2014/2015: €16,910k) resulted in cash flow from operating activities of €104,894k (2014/2015: €96,902k). Within cash flow from operating activities, the allocation of €30,000k (2014/2015: €0k) to the CTA also had an effect.

Lease payments from customers for Wincor Nixdorf products and lease payments from Wincor Nixdorf for operating lease assets are presented in cash flow from operating activities. Lease payments for assets, which classify as a finance lease and are capitalized, are recorded in cash flow from financing activities.

 

€k

 

Sept. 30, 2016

 

Total

Intangible assets and Property, Plant and Equipment

–1,593

Inventories

–18,905

Trade receivables, other receivables and deferred tax assets

–50,144

Cash and cash equivalents

–3,613

Accruals

5,284

Trade payables and other liabilities

45,094

Net assets and liabilites

–23,877

Consideration received consisting cash and cash equivalents

19,969

Cash and cash equivalents over which control is lost

–3,614

Net cash and cash equivalents over which control is obtained

16,355