Annual Report 2002 - Software AG
Annual Report 2002 - Software AG
Annual Report 2002 - Software AG
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E. Statement of cash flows<br />
Statement of cash flows for January 1, <strong>2002</strong> to December 31, <strong>2002</strong><br />
EUR thousand <strong>2002</strong> 2001<br />
Consolidated net income 33,523 38,688<br />
Depreciation/amortization/asset write-ups 35,236 32,275<br />
Increase/release of long-term provisions 153 369<br />
Gain/loss from the disposal of fixed assets -36,194 -302<br />
Decrease/increase in inventories, receivables and other current assets 61,535 43,800<br />
Decrease/increase in payables and other liabilities -53,529 -31,669<br />
Net cash used in/provided by operating activities 40,724 83,161<br />
Cash received from the sale of tangible assets 1,719 927<br />
Investments in tangible assets -6,409 -6,693<br />
Cash received from the sale of intangible assets 58 22<br />
Investments in intangible assets -1,304 -1,053<br />
Cash received from the sale of financial assets 39,902 3,510<br />
Investments in financial assets -4,030 -108<br />
Investments in associated companies -2,050 -279,280<br />
Net cash used in/provided by investing activities 27,886 -282,675<br />
Contribution from capital increase 148 24,303<br />
Dividends paid -11,722 -10,123<br />
Cash proceeds from short-term borrowings 2,050 92,212<br />
Repayment of loans and liabilities from acquisitions -30,192 -68,521<br />
Net cash used in/provided by financing activities -39,716 37,871<br />
Change in cash funds for exchange rate movements,<br />
changes in group structure for cash funds -3,715 -3,438<br />
Net change in cash and cash equivalents 25,179 -165,081<br />
Cash and cash equivalents at the beginning of the period 50,244 215,325<br />
Cash and cash equivalents at the end of the period 75,423 50,244
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