"Perspectives 2011" - Sustainability and Annual Report (pdf)

Workforce and work environmentEnvironmental and climate protectionFinancial reviewSustainable developmentP Supervisory board’s reportP Consolidated management reportq Consolidated financial statementsp Independent auditor’s reportConsolidated cash flow statementfor fiscal 20112011 2010€ thousand € thousandConsolidated net income 197,119 12,250Depreciation, amortization and write-downs on fixed assets 154,398 155,584Decrease in provisions −6,848 −48,530Other noncash changes/credits 4,890 −2,159Net cash from profits/losses from disposals of land held for sale −3,505 1,017Increase (2010: decrease) in inventories, trade receivables and other assets notbooked under investment or financing activities −13,712 6,383Decrease (2010: increase) in trade payables and other liabilities not booked underinvestment or financing activities −124,274 180,921Cash flow from operating activities 208,068 305,466Proceeds from disposals of property, plant and equipment 5,159 8,590Capital expenditure on property, plant and equipment −135,527 −82,187Proceeds from disposals of intangible fixed assets 9 0Capital expenditure on intangible fixed assets −1,392 −2,061Proceeds from the sale of land held for sale 439 678Capital expenditure on the purchase of land for sale −1,157 −3,110Proceeds from the sale of associated companies 1,600 0Capital expenditure on the purchase of minority shares in consolidated companies −577 0Proceeds from short-term management of cash assets 0 6,500Cash flow from investment activities −131,446 −71,590Receipts from associated companies as part of group-wide cash management 0 3,671Payments to associated companies as part of group-wide cash management −2,979 0Payments to minority shareholders −32,503 −15,136Proceeds from financing loans 31,100 2,500Repayment of financing loans −50,566 −63,839Cash flow from financing activities −54,948 −72,804Change in cash and cash equivalents 21,674 161,072Cash and cash equivalents at start of period 178,455 17,383Cash and cash equivalents and end of period 200,129 178,455Interest payments −238,675 −102,744Income tax payments −32,911 −5,041131