Shareholders, Supervisory Board and management bodies ...

02
Annual Report 2008
Management report
Business performance
in 2008
30
Annual Report 2008
2.2.4 Investment
Total investment in intangible and tangible assets during the 2008 financial year amounted to EUR
8.36m — EUR 0.53m up on the previous period (2007: EUR 7.83m).
Of this EUR 0.51m went to intangible assets, mostly software licences (2007: EUR 0.80 m). Additions
to land and buildings totalled EUR 2.02m (2007: EUR 1.69m) while EUR 4.27m (2007: EUR
3.67m) was invested in technical equipment. A further EUR 1.1m (2007: EUR 1.09m) was devoted
to fixtures, furniture and office equipment, while EUR 0.46m (2007: EUR 0.59m) in prepayments
and assets in the course of construction was capitalised.
Additions to financial assets were EUR 0.11m, compared to EUR 4.0m in 2007, when mature
obligations of EUR 2.00m were reinvested, and EUR 2.01m arose from additions to and reversals
of the same transaction.
2.2.5 Liquidity and financial position
There were net cash inflows of EUR 11.79m during the 2008 financial year, following inflows of EUR
8.13m in the previous period. The positive cash flow resulted chiefly from cash flow from operating
activities, and in particular, a reduction in working capital.
Cash in hand and at bank of EUR 32.41m as at 31 December 2008 included EUR 10.63m in EU
coordination funds, national foundation money and project related prepayments.
31. Dec. 2007 31. Dec. 2007 2007
FTE People Average
Austrian Research Centers GmbH – ARC 624.5 672 620.0
arsenal research (inc. civil servants assigned to U&L) 173.2 176 168.9
Advanced Computer Vision GmbH (ACV) 6.9 7 9.7
Nuclear Engineering Seibersdorf GmbH 50.8 53 48.8
ARC Leichtmetallkompetenzzentrum
Ranshofen GmbH 31.7 34 34.9
ECHEM GmbH 2.8 4 2.4
ECHEMplus employees 26.3 30 24.9
Group 916.2 976 909.6