Pallet-Management-Services - AFM
Pallet-Management-Services - AFM
Pallet-Management-Services - AFM
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IFCO SYSTEMS N.V. cash flow statements<br />
EUR in thousands Year ended December 31,<br />
2006 2005<br />
Cash flows from continuing operating activities:<br />
Net loss<br />
Adjustments for:<br />
(9,525) (15,356)<br />
Stock-based compensation expense 528 1,308<br />
Foreign currency (income) loss, net (1,629) 3,439<br />
Net finance costs (1)<br />
Cash generated from continuing operations, excluding the cash flow effect<br />
11,391 9,398<br />
of changes in working capital 765 (1,211)<br />
Changes in working capital of continuing operations:<br />
Receivables (1)<br />
20,861 (41)<br />
Trade and other payables (1)<br />
4,193 3,341<br />
Other assets and liabilities 370 (420)<br />
Cash flow effect of changes in operating assets and liabilities of continuing operations<br />
25,424 2,880<br />
Cash generated from continuing operations before income tax payments 26,189 1,669<br />
Cash flows from investing activities:<br />
Reduction of other financial assets 0 0<br />
Net cash used in investing activities 0 0<br />
Cash flows from financing activities:<br />
Principal payments of long-term debt 0 0<br />
(Decrease)/Increase of interest bearing debt (1)<br />
(12,829) 7,901<br />
Interest paid (11,435) (5,730)<br />
Interests received 980 980<br />
Net proceeds from exercise of stock options 1,149 894<br />
Expenses for warrant exchange program (747) 0<br />
Net payments for treasury share buyback (3,344) 0<br />
Net cash used in financing activities (26,226) 4,045<br />
Net increase (decrease) in cash and cash equivalents (37) 5,714<br />
Cash and cash equivalents, beginning of period 5,747 33<br />
Cash and cash equivalents, end of period<br />
5,710 5,747<br />
(1) Net finance costs (interest income and interest expense) have been excluded<br />
30
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