Südzucker International Finance B. V. Südzucker AG ... - Xetra

Consolidated financial statementsVI. Statement of cash flowsThe statement of cash flows, prepared in accordance with requirements set out in IAS 7, shows the change in cashand cash equivalents of the Südzucker Group from the three areas of operating, investing and financing activities.Gross cash flows from operating activities increased to D 580.2 million (D 551.0 million) and represents 13.2 %(11.5 %) of revenues. Cash outflows for tax payments totalled D 49.0 million (D 41.9 million), dividends received fromassociated companies included at equity and from other investments amounted to D 15.2 million (D 5.7 million).After considering changes in working capital, cash flow from operating activities amounted to D 408.5 million (D409.8 million).A total of D 160.3 million (D 1,489.8 million) was required to finance capital expenditures on non-current assets.Capital expenditures of D 206.5 million (D 218.8 million) for tangible and intangible non-current assets and of45.8 million (D 1,670.5 million, of which D 1,600.9 million for SLS) for financial assets, including the acquisition ofconsolidated subsidiaries, were partly offset by sales proceeds from disposals of D 136.3 million, most of whichrelated to sales of financial assets (D 112.2 million).Dividend distributions of D 119.8 million (D 233.1 million) mainly related to cash dividends paid to the shareholdersof Südzucker AG (2001/02: including a special dividend of D 143.0 million) and to minority interests in consolidatedsubsidiaries. Financial liabilities of D 147.5 million were repaid in 2002/03.F-34