iesy Repository GmbH - Irish Stock Exchange

COURTESY TRANSLATION FROM THE GERMAN LANGUAGE
KABELNETZ NRW Holdco GmbH, COLOGNE
UNAUDITED CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD
FROM JANUARY 1 TO MARCH 31, 2005
378
March 31,
2005
EUR k
March 31,
2004
EUR k
1. Cash flow from operating activities
Net loss before extraordinary items (7,325) (17,875)
Write-downs (+) on fixed assets 47,922 49,346
Increase (+)/ decrease (-) in accruals (804) 2,343
Other non-cash expenses (+)/ income (-) 1,268 1,195
Loss (+) on disposal of fixed assets 75 172
Increase (-) / decrease (+) in inventories, trade accounts receivable and other assets (11,727) (13,479)
Increase (+) / decrease (-) in trade payables and other liabilities 12,353 13,708
Cash flow from operating activities 41,762 35,410
2. Cash flow from investing activities
Cash received (+) from disposals of property, plant and equipment 528 245
Cash paid (-) for investments in property, plant and equipment (7,389) (3,666)
Cash received (+) from disposals of intangible assets 0 0
Cash paid (-) for investments in intangible assets (460) (1,541)
Cash flow from investing activities (7,321) (4,962)
3. Cash flow from financing activities
Cash paid (-) to shareholders (11,000) 0
Cash repayments (-) of capital lease liability (1,991) (1,843)
Cash repayments (-) of loans 0 0
Cash flow from financing activities (12,991) (1,843)
4. Cash and cash equivalents at the end of the period
Change in cash and cash equivalents (subtotal of 1 to 3) 21,450 28,605
Cash and cash equivalents from the change in the consolidated group 0 0
Cash and cash equivalents at the beginning of the period 86,574 109,501
Cash and cash equivalents at the end of the period 108,024 138,106
5. Composition of cash and cash equivalents
Cash on hand and in banks 108,024 138,106
Cash and cash equivalents at the end of the period 108,024 138,106