Annual report 2008 - Advanced Inflight Alliance AG

38
ADVANCED INFLIGHT ALLIANCE AG, MUNICH
Consolidated Cash Flow Statement (IFRS)
Jan. 1 - Dec. 31, 2008 Jan. 1 - Dec. 31, 2007
TEUR TEUR
Net Income 6,831 3,327 4.1)
+ / - Adjustments to reconcile net income to net cash flows:
+ Depreciation and impairment of property, plant and equipment 799 584
+ Amortisation and impairment of intangible assets 3,175 1,265
+ Share-based payments expense 32 0
+ / - Other non-cash income and expense items 0 41
- / + Gain on disposal of property, plant and equipment 767 -456
- Finance income -348 -929
+ Finance costs 1,011 574
+ / - Movements in provisions 21 -403
Working capital adjustments:
- / + Movements in trade and other receivables and prepayments -6,848 1,057 4.2)
+ / - Movements in trade and other payables 3,710 1,410 4.3)
+ / - Movements in deferred taxes 4,933 -1,102
- Income tax paid -1,576 -795
= Net cashflows from operating activities 12,507 4,574
Investing activities
+ Proceeds from sale of property, plant and equipment 0 2,808
- Purchase of property, plant and equipment -1,629 -682
- Purchase of intangibles assets -1,144 -166
- Acquisition of subsidiaries, net of cash -17,147 0
+ Changes of other financial assets 3,680 13,268
+ Interest received 343 929
= Net cashflows from investing activities -15,898 16,157
Financing activities
+ Proceeds from borrowings 10,796 1,902
- Repayment of borrowings -5,951 -13,432
- Interest paid -1,013 -574
- Purchase of own shares -538 -2,679
= Net cashflows used in financing activities 3,294 -14,783
= Net increase in cash and cash equivalents -96 5,948
+ / - Changes in cash and cash equivalents -1,004 -1,085
+ Cash and cash equivalents at 1st January 18,955 14,778
+ Change in cash and cash equivalents due to basis of consolidation -381 0
= Cash and cash equivalents at 31st December 17,474 19,642
4.1) = Error correction acc. to IAS 8: Correction in connection with Revenue Recognition policy of EUR 378,055.86
4.2) = Error correction acc. to IAS 8: Correction in connection with Revenue Recognition policy of EUR 3,395,906.97
4.3) = Error correction acc. to IAS 8: Correction in connection with Revenue Recognition policy of EUR 3,017,851.11
(A) = Included in the cash and cash equivalents as of 1 January are securities in the amount of EUR thsd. 687, which could be cashed at any time.