Technologies · Systems · Solutions - Dürr

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2. Notes to the consolidated
cash flow statement
Amounts in €k
Net loss of the Group according to US GAAP
from January 1, 2003, to December 31, 2003
Adjustments to IFRS
–31,270
Recognition of development costs 1,737
Revaluation of the provisions for pension obligations –645
Revaluation of restructuring liabilities –514
Reversal of provisions for phased retirement 314
Profit/loss from minority interests –55
Profit/loss from associates –9
Other adjustments 357
Effects on deferred taxes –503
Total adjustments to IFRS
Net loss of the Group according to IFRS
682
from January 1 to December 31, 2003 –30,588
The accounting and measurement as well as the explanations and disclosures on the IFRS con-
solidated financial statements for the 2004 reporting period are based on the same accounting
and measurement methods used as a basis for the comparative figures for the 2003 reporting
period. The accounting and measurement principles are explained in note 10.
The cash flow statement shows how the cash of the Group changed in the course of the report-
ing period as a result of cash received and paid. In accordance with IAS 7 (Cash Flow Statements),
a distinction is made between cash received from operating activities and that received from
investing and financing activities. The consolidated cash flow statement is presented on page 79.
The cash and cash equivalents presented in the cash flow statement contain all liquid assets
shown in the balance sheet, i.e. cash in hand, checks and bank balances with an original term
of less than three months. The effects of exchange rate changes on cash and cash equivalents
amount to € 5,860 thousand (2003: € –10,367 thousand).
The cash flow from investing and financing activities is determined on the basis of payments
made or received. The cash flow from operating activities, on the other hand, is derived indirectly
from the earnings before interest and taxes. When performing the indirect calculation, changes
in balance sheet items considered in connection with ordinary activities are adjusted for effects
from currency translation and changes in the consolidated Group. Changes in the balance sheets
concerned can therefore not be reconciled with the figures based on the published consolidated
balance sheet.
Acquisitions, net of cash acquired
In the 2004 reporting period, additional shares were acquired in exchange for cash in Carl
Schenck AG, Darmstadt, of € 3,417 thousand and in Schenck Australia Pty. Ltd., North Ryde
(Australia), of € 2,029 thousand (we refer to note 7).