Annual Report 2012 - Investor Relations

50Consolidated financial statementsConsolidated cash flow statementNotes2012TCHFNet loss (–) –1,234 –92,086Depreciation 5 13,937 19,762Impairments 6 – 54,073Net loss from disposal of property and equipment 7 – 230Decrease / (increase) in provisions (including deferred taxes) –6,338 26,319(Decrease) in pension plan obligations 21 –144 –368Other non-cash items –2 313Decrease / (increase) in trade accounts receivable 6,882 –1,703Increase / (decrease) in inventories –6,921 14,678Increase / (decrease) in trade accounts payable 6,052 –4,469Decrease / (increase) in other receivables, accrued income and prepaid expenses 3,146 –737Decrease / (increase) in other liabilities, accrued expenses and deferred income –852 1,547Cash flow from operating activities 14,526 17,559Purchase of tangible fixed assets 16 –6,036 –19,4622011TCHFProceeds from the disposal of tangible fixed assets 16 – 329Purchase of intangible assets 17 –431 –2,662Cash flow from investment activities –6,467 –21,795Free cash flow 8,059 –4,238Repayment (–) of current financial liabilities –14,049 –9,200Increase in non-current financial liabilities 6,624 4,000Repayment (–) of other non-current liabilities –348 –Cash dividend – –3,482Cash flow from financing activities –7,773 –8,682Translation effects on cash and cash equivalents –27 –78Increase / (decrease) in cash and cash equivalents 286 –12,918Cash and cash equivalents as at 1 January 48,751 61,747Cash and cash equivalents as at 31 December 49,010 48,751The Notes form an integral part of the consolidated financial statements.