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Kabel Deutschland GmbH, Unterfoehring
Consolidated Statement of Cash Flows
for the Period from April 1, 2009 to March 31, 2010
April 1, 2009 - April 1, 2008 - April 1, 2007 -
Note March 31, 2010 March 31, 2009 March 31, 2008
T€ T€ T€
1. Cash flows from operating activities
Net profit / loss for the period 15.583 -71.959 -33.840
Adjustments to reconcile net profit / loss to cash provided by operations:
Benefit / Taxes on income 25.895 -6.152 764
Interest expense 162.364 232.539 171.839
Interest income -4.541 -3.486 -2.057
Accretion / Depreciation and amortization on fixed assets 450.165 402.654 293.949
Accretion / Depreciation on investments and other securities 0 -76 3.712
Gain / Loss on disposal / sale of fixed assets (intangible assets;
property and equipment; financial assets) 3.454 1.407 822
Income from associates -3.392 -14.052 -899
Compensation expense relating to share-based payments 15.669 2.063 23.042
665.197 542.938 457.332
Changes in assets and liabilities:
Increase (-) / decrease (+) of inventories 3.482 10.359 -1.936
Increase (-) / decrease (+) of trade receivables 18.624 27.758 -29.507
Increase (-) / decrease (+) of other assets 4.824 -14.084 4.544
Increase (+) / decrease (-) of trade payables -25.353 38.759 42.691
Increase (+) / decrease (-) of other provisions -17.250 23.154 -11.658
Increase (+) / decrease (-) of deferred income -1.553 27.737 -15.753
Increase (+) / decrease (-) of provisions for pensions 2.070 3.352 3.582
Increase (+) / decrease (-) of other liabilities 1.554 12.287 -2.125
Cash provided by operations 651.595 672.260 447.170
Income taxes paid (-) / received (+) -2.554 -3.576 -2.487
Net cash from operating activities 649.041 668.684 444.683
2. Cash flows from investing activities
Cash received from disposal / sale of fixed assets (intangible assets;
property and equipment; financial assets) 1.025 1.107 258
Cash received from sale of investments 0 13.000 38.076
Cash paid for investments in intangible assets -78.695 -85.285 -63.020
Cash paid for investments in property and equipment -248.483 -287.729 -253.413
Cash received (+) / paid (-) for acquisitions, net of cash acquired 1.3 53.885 -527.827 -29.696
Cash paid for investments in financial assets 0 0 -39.666
Interest received 3.115 2.509 1.777
Dividends received from associates 0 0 227
Net cash used in investing activities -269.153 -884.225 -345.457
3. Cash flows from financing activities
Cash received from / payments to shareholders 25.399 -6.900 -13.504
Cash payments to minorities -1.586 -1.109 0
Cash received non-current financial liabilities 199.000 785.000 391.000
Cash repayments of non-current financial liabilities -199.000 -310.000 -331.000
Cash payments for reduction of finance lease liabilities -8.858 -8.229 -7.240
Interest and transaction costs paid -179.093 -206.838 -177.127
Net cash from financing activities -164.138 251.924 -137.871
4. Cash and cash equivalents at the end of the period
Changes in cash and cash equivalents (subtotal of 1 to 3) 215.750 36.383 -38.645
Valuation adjustments on cash and cash equivalents 0 76 0
Cash and cash equivalents at the beginning of the period 51.922 15.463 54.108
Cash and cash equivalents at the end of the period 3.1 267.672 51.922 15.463
Additional Information
Investments relating to capital lease 0 0 2.447
Other non cash investments 0 0 0
The accompanying notes to this cash flow statement form an integral part to these consolidated financial statements.