The Group KD Group and KD Group dd

The Group KD Group Annual Report 2009
Consolidated Financial Statements as at and for the year ended 31 December 2009
(in EUR) Note 2009 2008
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of subsidiary, net of cash acquired 32 (2,647,049) 12,192,046
Increase in equity share of subsidiaries (1,822,573) (10,409,684)
Acquisition of associates 10 (4,018,887) (14,571,598)
Disposals of associates 10 9,808,855 2,962,628
Purchases of property, plant and equipment 7 (4,644,503) (17,653,619)
Proceeds from sale of property, plant and equipment 2,791,852 7,626,628
Purchases of intangible assets 9 (10,091,412) (5,353,929)
Proceeds from sale of intangible assets 5,260,956 26,908
Purchases of investment property 8 (1,555,931) (1,649,333)
Proceeds from sale of investment property 68,567 536,071
Loans granted to related parties 33 (6,782,642) (14,712,870)
Loan repayments received from related parties 33 8,511,098 11,533,545
Loans and deposits granted (311,816,857) (302,830,052)
Loan and deposit payments received 328,473,157 249,166,606
Interest received 2,306,550 2,096,420
Dividends received from associates 10 61,473 5,874,425
NET CASH FLOWS USED IN INVESTING ACTIVITIES 13,902,654 (75,165,808)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of ordinary shares – minority interest - 32,301
Purchase of treasury shares - -
Disposal of treasury shares - -
Proceeds from borrowings 65,162,870 86,357,994
Repayment of borrowings (79,959,157) (51,281,218)
Dividends paid to Company's shareholders 16 - (19,744,507)
Dividends paid to minority interest - (48,289)
NET CASH FLOWS USED IN FINANCING ACTIVITIES (14,796,287) 15,316,281
NET INCREASE IN CASH AND CASH EQUIVALENTS 9,426,094 3,172,387
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR 31,305,192 27,692,313
Foreign exchange gains on cash and cash equivalents (1,214) 440,492
CASH AND CASH EQUIVALENTS AT END OF THE YEAR 40,730,072 31,305,192
The notes are an integral part of these consolidated financial statements.
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