100 % FUTURE - ALNO

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E. DISCONTINUED OPERATIONS
In fiscal 2007, the profit/loss of GEBA Möbelwerke GmbH, Löhne, (GEBA), which was sold in April
2007, and the profit/loss arising from the deconsolidation of the company, were reported separately
from the profit/loss from continuing operations in the consolidated income statement. In the 2009
fiscal year, a settlement agreement was reached with the purchasers at that time, which led to the
release of the provision for legal costs amounting to EUR 407 thousand, which was recognized in
2007 in the profit/loss from discontinued operations. For this reason, the income from the release
was also reported in the profit/loss from discontinued operations in the previous year.
F. NOTES TO THE CONSOLIDATED
CASH FLOW STATEMENT
GENERAL INFORMATION
In accordance with IAS 7 (Cash Flow Statements), the consolidated cash flow statement shows how
the Group’s cash and cash equivalents have changed due to cash flows from operating, investing
and financing activities, as well as due to fluctuations in exchange rates over the course of the year
under review.
The composition of cash and cash equivalents as of the relevant fiscal year-end can be seen under D.9.
RESULTS
In the case of net cash and cash equivalents employed for operating activities, there was a cash
inflow of EUR 11,540 thousand in the year under review (previous year: EUR 21,210 thousand).
The decline of EUR 9,670 thousand results primarily from a reduction in cash flow from operating
activities before working capital changes. This worsened by EUR 11,057 thousand, from EUR 4,303
thousand to EUR – 6,754 thousand. After a working capital reduction of EUR 16,907 thousand in the
previous year, a further reduction of EUR 18,294 thousand was achieved in 2010. The introduction
of factoring at two subsidiaries exerted a particularly positive impact in this context. This allowed
a significant reduction in capital tied up in trade accounts receivable. These fell by EUR 14,638
thousand year-on-year.
In terms of investing activities, there was a cash outflow of EUR 14,300 thousand in the year under
review, compared with EUR 15,967 thousand in the previous year. The decline results primarily from
the reported cash outflows arising from the sale of various pieces of land at the Pfullendorf location.
The EUR 7,791 thousand increase in cash flow from financing activities to EUR 2,488 thousand
arises especially from the cash inflows of EUR 10,000 thousand from the two capital increases that
were implemented in 2010. The cash outflows for the capital increase that was performed in 2011
were also reported in cash flow from financing activities.