Download - Bakkavor

Statement of Cash flow 2001
Cash flow from operating activities
2001 2000
42
Net income 4,189,390 2,377,210
Items not affecting working capital
Depreciation 3,311,283 2,242,321
Calculated inflation adjustments (680,328) (601,627)
Indexation on long term debt 248,598 1,006,597
Loss on sale of assets 46,176 12,190
Deferred income tax liability, change (276,858) 412,473
Affiliated companies (64,740) (269,911)
Working capital from operations 6,773,521 5,179,254
Change in current assets and liabilities
Stocks 3,122,463 (4,381,846)
Current receivables (6,764,156) (2,645,528)
Current liabilities (2,229,338) 1,003,744
Total 902,490 (844,376)
Investing activities
Tangible assets (2,702,265) (3,341,378)
Shareholdings (187,525,927) (14,209,127)
Investing activities (190,228,192) (17,550,505)
Financing activities
Bank loans (12,509,516) 16,203,844
New long term-debt 126,968,008 1,548,450
Subordinated loan 26,083,916 0
Payments of long-term debt (12,953,388) (621,957)
Dividends paid (1,094,238) (619,392)
Proceeds from issue of capital stock 64,221,019 4,102,895
Financing activities 190,715,801 20,613,840
Net increase in cash 1,390,099 2,218,960
Cash from acquired companies 8,545,594 821
Cash at beginning of year 3,572,731 2,275,996
Cash at end of year 13,508,423 4,495,776
Figures in EUR