Annual Report 2007 - hci hammonia shipping ag

The Company Management Report Financial Statements NotesConsolidated cash flow statement23 Jun –EUR Note 2007 31 Dec 2006Consolidated net income/loss for the year 4,484,859.46 -3,619.00Depreciation, amortisation and impairment of intangibleassets and property, plant and equipment 443,822.20 0.00Impairment of goodwill 4,879,413.31 0.00Tax expense 21,979.86 -2,412.65Elimination of net interest income -418,049.14 0.00Other non-cash income and expenses -9,268,561.40 0.00Decrease/increase in working capital 1,445,128.54 6,000.00Increase in inventories -333,500.27 0.00Increase in trade receivables -80,592.02 0.00Increase in receivables from related parties -2,546.77 0.00Increase in other assets -468,876.48 0.00Increase in trade payables 553,615.72 6,000.00Increase in payables to related parties 1,442,543.43 0.00Increase in other liabilities 334,484.93 0.00Taxes paid -60,439.16 0.00Interest paid -7,892.53 0.00Interest received 453,844.14 0.00Cash flow from operating activities 35 1,974,105.28 -31.65Payments to acquire intangible assets and property,plant and equipment -95,654,345.71 0.00Net cash outflow from the acquisition ofsubsidiaries 2(c(iv)) -4,459,059.98 0.00Cash flow from investing activities -100,113,405.69 0.00Proceeds from the issue of equity instruments 146,135,884.55 50,000.00Transaction costs for loans -30,295.89 0.00Cash flow from financing activities 146,105,588.66 50,000.00Net change in cash and cash equivalents 47,966,288.25 49,968.35Cash and cash equivalents at beginning of period 49,968.35 0.00Effects of exchange rate changes on cashand cash equivalents 466,188.46 0.00Cash and cash equivalents at end of period 34 48,482,445.06 49,968.3528