palfinger at a glance
palfinger at a glance
palfinger at a glance
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conSolid<strong>at</strong>ed St<strong>at</strong>ement OF CASH FLOWS<br />
conSolid<strong>at</strong>ed FINANCIAL St<strong>at</strong>ementS FOR THE Year ENDED 31 DECEMBER 2011<br />
> search Print<br />
CONSolid<strong>at</strong>ed St<strong>at</strong>ement OF CASH FLOWS<br />
EUR thousand<br />
Note<br />
Jan–Dec<br />
2011<br />
Jan–Dec<br />
2010<br />
Result before income tax 57,000 29,833<br />
Write-downs (+)/write-ups (–) of non-current assets 52 28,633 22,739<br />
Gains (–)/losses (+) on the disposal of non-current assets (332) (104)<br />
Interest income (–)/interest expenses (+) 54 10,669 10,378<br />
Income from associ<strong>at</strong>ed companies (10,924) (2,446)<br />
Expense for stock option programme 53 60<br />
Other non-cash income (–)/expenses (+) (2,192) 3,986<br />
Increase (–)/decrease (+) in assets (41,120) (15,876)<br />
Increase (+)/decrease (–) in provisions 3,168 (5,604)<br />
Increase (+)/decrease (–) in liabilities 10,891 15,467<br />
Cash flows gener<strong>at</strong>ed from oper<strong>at</strong>ions 55,846 58,433<br />
Interest received 500 518<br />
Interest paid (10,410) (9,987)<br />
Dividends received from associ<strong>at</strong>ed companies 3,008 3,981<br />
Income tax paid (11,282) (3,827)<br />
Cash flows from oper<strong>at</strong>ing activities 37,662 49,118<br />
Cash receipts from the sale of intangible assets<br />
and property, plant and equipment 2,275 1,564<br />
Cash payments for the acquisition of intangible assets<br />
and property, plant and equipment (24,438) (18,917)<br />
Cash payments for the acquisition of subsidiaries<br />
net of cash acquired 1) (11,494) (36,334)<br />
Cash payments for investments in associ<strong>at</strong>ed companies 0 (1,026)<br />
Cash receipts from the sale of associ<strong>at</strong>ed companies 1,058 0<br />
Cash receipts from the sale of securities 25 34<br />
Increase (–)/decrease (+) in other non-current assets (2,027) 604<br />
Other cash receipts/cash payments 0 (8)<br />
Cash flows from investing activities (34,601) (54,083)<br />
Dividends to shareholders of PALFINGER AG (7,788) 0<br />
Dividends to non-controlling shareholders (3,811) (1,085)<br />
Cash payments for the buyback of own shares (500) 0<br />
Loans taken out for acquisitions 12,720 28,055<br />
Repayment of loans for acquisitions (12,425) (25,320)<br />
Long-term refinancing of redemptions and m<strong>at</strong>uring short-term loans 20,000 0<br />
Increase (+)/decrease (–) in other financial liabilities 42 (12,103) (14,294)<br />
Cash flows from financing activities (3,907) (12,644)<br />
Total cash flows (846) (17,609)<br />
EUR thousand 2011 2010<br />
Funds as <strong>at</strong> 1 Jan 2) 15,865 33,073<br />
Effects of foreign exchange differences 118 401<br />
Total cash flows (846) (17,609)<br />
Funds as <strong>at</strong> 31 Dec 36 15,137 15,865<br />
1) See Scope of consolid<strong>at</strong>ion.<br />
2) See Note (36) Cash and cash equivalents.<br />
110<br />
<strong>palfinger</strong> Annual Report 2011
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