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Financial statements Parent's financial statements Parent's cash flow statement (FAS)
PARENT’S CASH FLOW STATEMENT (FAS) |
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| € | 1 Jan.–31 Dec. 2010 | 1 Jan.–31 Dec. 2009 |
| Cash flow from operating activities | ||
| Profit before extraordinary items | 191,170,255.03 | 127,304,287.13 |
| Adjustments: | ||
| Depreciation according to plan | 17,434,923.06 | 22,431,800.30 |
| Financial income and expenses | -13,813,089.93 | -11,208,558.82 |
| Other adjustments | -69,584,215.55 | -86,901,943.53 |
| 125,207,872.61 | 51,625,585.08 | |
| Change in working capital | ||
| Interest-free short-term trade receivables, increase/decrease (-/+) | -1,088,925.27 | 5,013,184.12 |
| Interest-free short-term debt, increase/decrease (+/-) | 11,765,141.48 | -7,364,940.23 |
| 10,676,216.21 | -2,351,756.11 | |
| Interests paid | -16,082,754.25 | -24,886,896.53 |
| Interests received | 25,698,497.53 | 50,091,388.56 |
| Dividends received | 21,851.99 | 15,919.30 |
| Taxes paid | -103,242,413.51 | -31,500,126.37 |
| -93,604,818.24 | -6,279,715.04 | |
| Cash flow from operating activities | 42,279,270.58 | 42,994,113.93 |
| Cash flow from investing activities | ||
| Purchases of other investments | -4,494,826.00 | 0.00 |
| Investments in tangible and intangible assets | -7,342,155.49 | -25,407,912.38 |
| Decrease in long-term receivables | 107,916,292.15 | 14,727,559.87 |
| Subsidiary acquired | -27,381,743.56 | 0.00 |
| Subsidiary disposed | 1,934,425.00 | 30,401,356.84 |
| Associated company acquired | -32,669,166.40 | 0.00 |
| Associated company disposed | 6,727.52 | 140,000.00 |
| Proceeds from other investments | 411,370.00 | 0.00 |
| Proceeds from sale of tangible and intangible assets | 103,295,518.59 | 164,968,531.04 |
| Cash flow from investing activities | 141,676,441.81 | 184,829,535.37 |
| Cash flow from financing activities | ||
| Increase/decrease (+/-) in current creditors | 114,638,294.24 | -165,768,732.94 |
| Increase/decrease (+/-) in non-current creditors | -5,492,357.02 | 17,681,692.46 |
| Increase/decrease (-/+) in short-term interest-bearing receivables | -120,104,979.56 | 248,003,649.29 |
| Short-term money market investments | -112,971,602.17 | -98,162,726.19 |
| Dividends paid | -88,547,166.90 | -97,850,410.00 |
| Group contributions received and paid | 51,637,711.18 | 21,584,005.65 |
| Increase in share capital | 4,208,314.54 | 4,577,454.34 |
| Others | -14,132,237.45 | -14,532,339.74 |
| Cash flow from financing activities | -170,764,023.14 | -84,467,407.13 |
| Change in liquid assets | 13,191,689.25 | 143,356,242.17 |
| Liquid assets at 1 January | 425,387,795.98 | 282,031,553.81 |
| Liquid assets at 31 December | 438,579,485.23 | 425,387,795.98 |