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Corporate Responsibility Report 2012 - Hempel

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introduction<br />

about hempel<br />

Ethical behaviour<br />

HEALTH & SAFETY<br />

Environment<br />

Environment: Reducing VOC emissions<br />

Procurement<br />

our people<br />

Community engagement<br />

Financial results<br />

Cash flow statement<br />

In EUR thousands<br />

group<br />

2011 <strong>2012</strong><br />

Operating Profit 71,501 83,435<br />

Adjustment for non-cash operating items 37,765 43,022<br />

Change in working capital -13,466 23,986<br />

Corporation tax paid -32,834 -22,310<br />

Total cash flow from operating activities 62,967 128,133<br />

Business acquisitions, net -160,683 -9,153<br />

Purchase and sale of property, plant and equipment -27,600 -25,499<br />

Purchase and sale of intangible assets -4,517 -2,881<br />

Dividend received from associates 1,243 1,174<br />

Total cash flows from investing activities -191,557 -36,359<br />

Total cash flows from financing activities 126,576 -62,563<br />

Change in cash and cash equivalents -2,014 29,211<br />

41

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