12 March 2014
Siim Kaevats, Avonmore
Siim Kaevats, Avonmore
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
2013 SUMMARY CASH FLOW<br />
€m 2013 20<strong>12</strong><br />
EBITDA 214.6 201.5<br />
Dividends from Joint Ventures & Associates 10.9 13.8<br />
Working capital movement (39.9) (59.1)<br />
Net interest and tax paid (55.8) (48.1)<br />
Business sustaining capital expenditure (35.7) (30.1)<br />
Other outflows (6.5) (13.2)<br />
Free cash flow from continuing operations 87.6 64.8<br />
Loans repaid by / (to) Joint Ventures & Associates 7.2 (3.3)<br />
Strategic capital expenditure / acquisitions (76.5) (89.2)<br />
Disposals 8.5 26.6<br />
Restructuring costs (3.0) (6.5)<br />
Equity dividends (27.9) (25.3)<br />
Net cash flow from continuing operations (4.1) (32.9)<br />
Cash flow from discontinued operations - <strong>12</strong>2.8<br />
Cash flow pre currency exchange/fair value adjustments (4.1) 89.9<br />
Currency exchange / fair value adjustments 6.3 13.8<br />
Cash flow for the year 2.2 103.7<br />
2013 FULL YEAR RESULTS<br />
www.glanbia.com 30
Change language