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

SÜDZUCKER GROUPCONSOLIDATED STATEMENTS OF CASH FLOW FOR THE FINANCIALYEARS ENDEDFEBRUARY 28, 2003, 2002, AND 20012002/03 2001/02 2000/01(5 million)Group net earnings for the year . . . . . . . . . . . . . . . . . . . . . . . . . . . 315.4 281.1 209.3Depreciation of non-current assets . . . . . . . . . . . . . . . . . . . . . . . . . 264.6 463.2 287.0Write-ups of non-current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . (3.5) (5.4) (0.8)Decrease in medium-term and long-term provisions andaccruals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7.6) (33.6) (12.8)Other expenses not using cash/gain on disposals of financialassets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.3 (154.3) 15.2Gross cashflow from operating activities ................... 580.2 551.0 497.9Gain on disposals of items included in non-current assets . . . . (54.5) (9.4) (7.1)Increase/Decrease(-) in short-term provisions and accruals . . . . (117.9) 134.6 (48.7)Increase in inventories, receivables and other assets . . . . . . . . . (6.2) (42.4) (156.6)Increase/Decrease in liabilities (excluding financial liabilities) . 6.9 (224.0) 54.9Net cash flow from operating activities .................... 408.5 409.8 340.4Cash received on disposals of items included in non-currentassets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136.3 456.4 36.4Capital expendituresTangible and intangible non-current assets . . . . . . . . . . . . . . . (206.5) (218.8) (214.5)Financial assets, including acquisitions of consolidatedsubsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (45.8) (1,670.5) (37.0)Cash included in acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (44.3) (56.9) 3.5Net cash flow from investing activities ..................... (160.3) (1,489.8) (211.6)Net cash flow from operating activities and from investingactivities ............................................. 248.2 (1,080.0) 128.8Capital increases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.0 549.4 68.1Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (119.8) (233.1) (145.4)Treasury shares acquired and re-issued . . . . . . . . . . . . . . . . . . . . 19.4 (3.3) (9.3)Bonds issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.0 500.0 300.0Receipt/repayment of financial liabilities . . . . . . . . . . . . . . . . . . . . (147.5) 120.5 (129.9)Cash flow from financing activities ........................ (247.9) 933.5 83.5Change in cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . 0.3 (146.5) 212.3Effect of exchange rate changes on cash and cash equivalents (1.7) 0.8 0.6Cash and cash equivalents at the beginning of the year . . . . . . . 428.9 574.6 361.7Cash and cash equivalents at the end of the year ............ 427.5 428.9 574.6of which: cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 206.6 303.9 189.9of which: other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 220.9 125.0 384.7F-4