Frontpage Financial statements Parent's financial statements Parent's cash flow statement (FAS)

Parent's cash flow statement (FAS)

   
1 Jan.-31 Dec. 2009 1 Jan.-31 Dec. 2008
     
Cash flow from operating activities    
Profit before extraordinary items 127,304,287.13 175,010,668.09
Adjustments:    
Depreciation according to plan 22,431,800.30 22,542,266.17
Financial income and expenses -11,208,558.82 -37,555,785.57
Other adjustments -86,901,943.53 -115,916,129.96
  51,625,585.08 44,081,018.73
Change in working capital    
Interest-free short-term trade receivables, increase/decrease (-/+) 5,013,184.12 4,314,998.23
Interest-free short-term debt, increase/decrease (+/-) -7,364,940, 23 3,239,414.65
  -2,351,756.11 7,554,412.88
     
Interests paid -24,886,896.53 -39,864,151.14
Interests received 50,091,388.56 72,980,921.01
Dividends received 15,919.30 6,220,481.75
Taxes paid -31,500,126.37 -62,090,706.16
  -6,279,715.04 -22,753,454.54
     
Cash flow from operating activities 42,994,113.93 28,881,977.07
     
Cash flow from investing activities    
Purchases of other investments - -50,000.00
Investments in tangible and intangible assets -25,407,912.38 -28,940,941.87
Increase in long-term receivables - -61,937,039.62
Decrease in long-term receivables 14,727,559.87 -
Subsidiary disposed 30,401,356.84 149,729,156.38
Associated company disposed 140,000.00 1,388,000.00
Proceeds from other investments - 223,047.00
Proceeds from sale of tangible and intangible assets 164,968,531.04 141,294,028.63
Cash flow from investing activities 184,829,535.37 201,706,250.52
     
Cash flow from financing activities    
Decrease in current creditors -165,768,732.94 -106,807,060.53
Increase in non-current creditors 17,681,692.46 -
Decrease in non-current creditors - -4,618,842.74
Increase/decrease (-/+) in short-term interest-bearing receivables 248,003,649.29 45,784,249.44
Short-term money market investments -98,162,726.19 -18,400,959.74
Dividends paid -97,850,410.00 -156,428,592.00
Group contributions received and paid 21,584,005.65 99,866,000.00
Increase in share capital 4,577,454.34 379,018.16
Others -14,532,339.74 10,549,067.77
Cash flow from financing activities -84,467,407.13 -129,677,119.64
     
Change in liquid assets 143,356,242.17 100,911,107.95
     
Liquid assets at 1 January 282,031,553.81 181,120,445.86
Liquid assets at 31 December 425,387,795.98 282,031,553.81