Annual Report 2001 - KSPG AG

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Consolidated financial statements 2001 of Kolbenschmidt Pierburg AG
Kolbenschmidt Pierburg Group
Cash flow statement for fiscal 2001
€million Note (33) 2000 2001
Cash & cash equivalents at Jan. 1 (BoP) 45.2 54.8
Group net income 7.4 31.8
Amortization/depreciation/write-down of fixed assets 147.5 147.9
Change in pension accruals 5.9 (5.3)
Cash flow 160.8 174.4
Net result from fixed-asset disposal 0.2 0.1
Change in other accruals 27.9 (23.3)
Change in inventories
Change in receivables, liabilities (excl. financial debts)
(38.8) 9.5
and prepaid & deferred items 1.8 (24.3)
Gain from deconsolidation 0.0 (5.4)
Other noncash expenses and income, net (22.7) (3.5)
Net cash provided by operating activities 129.2 127.5
Cash outflow for additions to tangible and intangible assets (171.1) (174.7)
Cash inflow from the disposal of tangible and intangible assets 6.6 1.3
Cash outflow for additions to consolidated subsidiaries and financial assets (10.0) (11.9)
Cash inflow from the disposal of consolidated subsidiaries and financial assets 0.6 21.0
Net cash used in investing activities (173.9) (164.3)
Capital paid in 0.0 15.4
Dividends paid out (20.5) (34.6)
Financial debts raised 97.6 37.9
Financial debts redeemed (22.9) (15.7)
Net cash provided by financing activities 54.2 3.0
Cash-based change in cash & cash equivalents 9.5 (33.8)
Parity-related change in cash & cash equivalents 0.1 0.2
Total net change in cash & cash equivalents 9.6 (33.6)
Cash & cash equivalents at Dec. 31 (EoP) 54.8 21.2
Kolbenschmidt Pierburg Group
Statement of changes in equity
€million Note (15) Group
net income Stockproratable
holders’
Reserves to Kolben- equity of
Addi- Reserves from fair schmidt Kolbentional
retained Currency and Pierburg AG schmidt
Capital paid-in from translation other All other stock- Pierburg Minority Total
stock capital earnings differences valuation reserves holders AG interests equity
Balance at January 1, 2000 68.1 162.1 80.5 11.8 92.3 0.0 322.5 13.0 335.5
Capital contributions 0.0 0.0 0.0
Dividend payments (20.5) (20.5) (20.5) (20.5)
Currency adjustments (3.6) (3.6) (3.6) 1.1 (2.5)
Group net income 0.0 7.6 7.6 (0.2) 7.4
Balance
at December 31, 2000 68.1 162.1 60.0 8.2 0.0 68.2 7.6 306.0 13.9 319.9
Adjustment from the first-time
application of IAS 39 12.9 12.9 12.9 12.9
Balance at January 1, 2001 68.1 162.1 60.0 8.2 12.9 81.1 7.6 318.9 13.9 332.8
Capital contributions 3.6 11.9 0.0 15.5 15.5
Dividend payments (34.6) (34.6) (34.6) (34.6)
Currency adjustments 0.5 0.5 0.5 1.3 1.8
Differences from changes
in consolidation group (1.9) (1.9) (1.9) (1.9)
Other comprehensive income 7.6 (0.3) 7.3 (7.6) (0.3) (0.3)
Group net income 0.0 32.1 32.1 (0.3) 31.8
Balance
at December 31, 2001 71.7 174.0 31.1 8.7 12.6 52.4 32.1 330.2 14.9 345.1
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