ANNUAL REPORT 2004 - ELMOS Semiconductor AG

GROUP STATUS REPORT FINANCIAL STATEMENTS GROUP STRUCTURE GLOSSARY
Consolidated statement of cash flow according to US-GAAP
Net cash provided by operating activities
Net income 16,308,500 10,015,622
Depreciation less appreciation 12,694,938 14,571,630
Non-cash effective expense 1,455,679 592,537
Minority interest 319,254 112,763
Equity in losses of unconsolidated subsidiaries – 57,233 247,090
Share options granted 201,600 100,800
Changes in net working capital
Accounts receivable – 1,211,027 – 3,779,074
Inventories – 3,015,266 1,948,233
Prepaid expenses and other assets 3,037,627 – 2,875,869
Accounts payable 3,093,834 – 3,516,759
Accrued liabilities 409,291 – 781,134
Accrued income taxes payable 1,618,345 – 10,091,636
Net cash used in investing activities
2004
Euro
2003
Euro
34,855,542 6,544,203
Capital expenditure – 33,549,920 – 25,341,827
Disposal of fixed assets 706,629 29,983,506
Purchase / disposal of marketable securities 1,199,958 – 1,088,507
Purchase / disposal of investments – 240,289 – 137,432
Purchase of cash and cash equivalents 720,851 0
Net cash provided by financing activities
– 31,162,771 3,415,740
Dividends paid – 2,509,000 0
Change by minority shareholders 187,202 0
Dividends paid by consolidated subsidiary
to minority shareholders – 170,000 – 75,000
Proceeds of long-term obligations 91,292 6,605,921
Repayment of long-term obligations – 3,625,761 – 3,213,545
Proceeds / repayment of notes payable 112,183 – 4,518,657
– 5,914,084 – 1,201,281
Decrease / increase in cash and cash equivalents – 2,221,313 8,758,662
Effect of exchange rate changes in cash and cash equivalents 80,981 – 370,563
Cash and cash equivalents at beginning of fiscal year 17,426,927 9,038,828
Cash and cash equivalents at end of fiscal year 15,286,595 17,426,927
See notes to consolidated financial statements
ÿ Financial statements
Notes
Auditor’s certificate
elmos annual report 2004
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