Hornbach-Baumarkt-AG Group

CONSOLIDATED FINANCIAL STATEMENTS Cash Flow Statement of the HORNBACH-Baumarkt-AG Group 91
Cash Flow Statement of the HORNBACH-Baumarkt-AG Group
Notes 2012/2013 2011/2012
€ 000s € 000s
Consolidated net income 52,299 77,378
Depreciation and amortization of non-current assets 10 56,493 57,104
Change in provisions 2,058 7,477
Gains/losses on disposals of non-current assets and of noncurrent
assets held for sale (861) (159)
Change in inventories, trade receivables and other assets (5,762) (15,157)
Change in trade payables and other liabilities (7,370) (25,046)
Other non-cash income/expenses (1,977) 2,181
Cash flow from operating activities 94,880 103,778
Proceeds from disposal of non-current assets and of non-current
assets held for sale 3,346 11,118
Payments for investments in property, plant, and equipment (113,324) (93,008)
Payments for investments in intangible assets (2,729) (2,621)
Payments for acquisitions of shareholdings and other business
units (545) (8,148)
Cash flow from investing activities (113,252) (92,659)
Dividends paid 21 (15,904) (15,904)
Proceeds from taking up long-term debt and bond issue 22 248,125 80,000
Repayment of long-term debt and bond (293,657) (93,100)
Proceeds from group financing activities (76) (62)
Payments for transaction costs (2,304) (1,591)
Change in current financial debt (4,779) (21)
Cash flow from financing activities (68,595) (30,678)
Cash-effective change in cash and cash equivalents (86,967) (19,559)
Change in cash and cash equivalents due to changes in exchange
rates (105) 1,219
Cash and cash equivalents at March 1 404,250 422,590
Cash and cash equivalents at balance sheet date 317,178 404,250
Cash and cash equivalents include cash on hand, credit balances at banks, and other short-term deposits.
The other non-cash income/expenses item mainly relates to deferred taxes, unrecognized exchange rate
gains/losses, and prorated reversals of accrued expenses for financial liabilities.
The cash flow from operating activities was reduced by income tax payments of € 29,469k (2011/2012:
€ 30,461k) and interest payments of € 30,206k (2011/2012: € 26,513k) and increased by interest received of
€ 2,100k (2011/2012: € 5,983k).
The proceeds from disposal of non-current assets and of non-current assets held for sale include proceeds of
€ 1,348k from disposals in previous years (2011/2012: € 2,718k).