Annual report - Alcopa

A. Consolidated Financial Statements
3. Income Statement
4. Cash Flow Statement
(in EUR 000) Comment Dec 2008 Dec 2009
I. Operating income 15 1 255 139 1 059 481
A. Turnover 1 199 694 1 010 692
B. Other operating income 55 445 48 789
II. Operating charges 16 1 214 955 1 042 401
A. Raw materials, consumables and goods for resale
1. Purchases 949 918 709 919
2. Increase (-), decrease (+) in stocks - 2 811 97 078
B. Services and other goods 143 963 123 448
C. Remuneration, social security and pensions 99 345 87 856
D. Depreciation and amounts written off of tangible
and intangible assets 13 983 13 315
E. Increase (decr.) on amounts written off stocks and trade rec. 4 452 - 35
F. Increase (decr.) on provisions for liabilities and charges 106 3 792
G. Other operating charges 3 577 4 116
I. Depreciation of consolidation differences 2 421 2 912
III. Operating profit 40 184 17 079
IV. Financial income 17 18 188 9 827
A. Income from financial fixed assets 102 286
B. Income from current assets 3 578 2 165
C. Other financial income 14 508 7 376
V. Financial charges 18 30 357 14 945
A. Interest and other debt charges 14 113 6 249
D. Other financial charges 16 243 8 696
VI. Profit on ordinary activities 28 016 11 962
VII.VIII. Extraordinary income / charges 19 - 1 787 - 1 045
IX. Profit for the year before taxation 26 229 10 916
X. Deferred taxes 20 - 3 426 175
A. Transfer from deferred taxes 3 897 675
B. Transfer to deferred taxes 471 850
XI. Income taxes 20 7 392 7 102
A. Income taxes 8 441 7 432
B. Adjustment from income taxes 1 049 330
XII. Profit for the year after taxation 22 263 3 639
XIII. Share in the result of the enterprises accounted for using the
equity method 37 149
XIV. Consolidated profit for the period 22 300 3 788
A. Share of minority interests in the result 1 649 971
B. Share of the group in the result 21 20 651 2 817
(in EUR 000) Comment Dec 2008 Dec 2009
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OPERATING ACTIVITIES 23
Share of the group in the result 20.651 2.817
Share of minority interests in the result 1.649 971
Share in the result of the enterprises accounted for using
the equity method, net of dividends received - 37 - 149
Depreciation of tangible fixed assets 12.728 12.071
Depreciation of formation expenses, intangible fixed assets
and consolidation differences 3.676 4.199
Increase (decrease) on amounts written off stocks and trade receivables 4.452 - 35
Amortisation of investment grants -3 - 7
Write-downs (write-backs) on financial fixed assets 0 0
Increase (decrease) on provisions for liabilities and charges 4.100 2.519
Increase (decrease) in deferred taxes - 1.928 - 120
(Gain) loss on disposal of fixed assets - 3.532 - 6.164
Cash flow 41.757 16.102
(Increase) decrease in net working capital requirements for operations - 7.129 114.458
Impact of changes in scope of consolidation and translation adjustments
on working capital requirements and on net cash and equivalents - 471 - 2.656
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 34.157 127.904
INVESTMENT ACTIVITIES 24
Acquisitions of formation expenses and intangible fixed assets - 719 - 1.823
Acquisition of tangible fixed assets - 26.216 - 23.691
Acquisition of subsidiaries (including consolidation differences) - 26.240 - 1.928
New loans extended 0 0
Sale of tangible fixed assets 23.319 24.071
Sale of intangible fixed assets 143
Sale of financial assets and investments 597 464
Change in consolidated fixed assets circle - 10.675 370
Impact of translation differences on fixed assets - 72
NET CASH PROVIDED BY (USED IN) INVESTMENT ACTIVITIES - 39.934 - 2.465
FINANCING ACTIVITIES 25
Capital increase 0 0
Investment grants 21 0
Net change in loans - 49.576 - 87.413
Dividends paid by the parent company to its shareholders - 6.312 - 5.481
Dividends paid by subsidiaries to the minority shareholders - 168 - 192
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES - 56.036 - 93.086
TOTAL NET CASH 26 - 61.813 32.351
Cash and equivalents at the beginning of the year 113.281 51.468
Cash and equivalents at the end of the year 51.468 83.819
INCREASE (DECREASE) IN NET CASH AND EQUIVALENTS - 61.813 32.351
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