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Consolidated cash flow statement 2010
EUR’000
CASh FLOWS FROM OPERATING ACTIVITIES
Note
2010 2009
Operating profit 61,233 67,603
Adjustments for:
Amortization, depreciation and impairments 4.1+4.2 54,007 51,886
(Gain) / loss on sale of property, plant and equipment 4.1 (107) (568)
Finance income / (expense) 5.6 (30,987) (37,077)
Income tax (expense) / benefit 5.7 (5,917) (3,701)
Cash flows from operating activities before changes
in working capital and provisions
78,229 78,143
Change in:
Inventories 4.5 (7,837) 7,817
Other investments, including derivatives 4.3 (1,561) 4,295
Trade and other receivables 4.6 (22,242) 1,701
Trade and other payables 4.13 30,259 4,913
Total change in working capital (1,381) 18,726
Change in tax, employee benefits and other provisions 4.11+4.12 (1,044) (1,950)
Net cash generated from operating activities 75,804 94,919
CASh FLOWS FROM INVESTING ANd ACQuISITION ACTIVITIES
Proceeds from sale of property, plant and equipment 4.1 595 3,457
Purchase of property, plant and equipment 4.1 (44,128) (46,194)
Purchase of intangible assets 4.2 (4,088) (2,332)
Purchase of other investments 4.3 0 (949)
Acquisition of subsidiary, net of cash acquired 6.1 (45,513) (10,930)
Net cash used in investing and acquisition activities (93,134) (56,948)
CASh FLOWS FROM FINANCING ACTIVITIES
Proceeds from issue of share capital / changes in equity 4.9 37,497 0
Dividends paid 4.9 0 (75)
Proceeds from / (repayment of) other loans and borrowings 4.10 (4,330) (13,548)
Net cash (used in) / from financing activities 33,167 (13,623)
Translation adjustment 6 185
Movement in cash and cash equivalents 15,843 24,533
Cash and cash equivalents as at January 1 4.7 58,377 33,844
Cash and cash equivalents as at december 31 4.7 74,220 58,377
The accompanying notes are an integral part of these consolidated financial statements.
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