A rePort: How is a head- liner actually produced? friedrich ... - polytec

54
CONSOLIDATED CASH FLOW STATEMENT
FOR THE FINANCIAL YEAR 2006
compared with the fi gures from the previous year
IN TEUR 2006 2005
Earnings before tax 27,334.5 21,606.1
- Income taxes -7,536.0 -12,256.6
+ (-) Depreciation (appreciation) of fi xed assets 17,769.6 17,118.6
+ Book value of asset disposals 460.7 5,038.5
+ Non-cash expenses from fi rst-consolidation and deconsolidation 0.0 586.9
+ (-) Increase (decrease) in long-term provisions 751.1 868.0
= Consolidated fi nancial cash fl ow 38,779.9 32,961.5
- (+) Profi t (loss) from asset disposals -48.5 118.9
- Book value of asset disposals -460.7 -5,038.5
= Consolidated cash fl ow from earnings 38,270.7 28,041.9
- (+) Increase (decrease) in inventories, advance payments made 10,288.4 -3,982.2
- (+) Increase (decrease) in trade and other receivables 2,914.0 -6,353.8
+ (-) Increase (decrease) in trade and other payables -2,631.1 -2,743.4
+ (-) Increase (decrease) in short-term provisions -401.2 1,829.6
= Consolidated cash fl ow from operating activities 48,440.8 16,792.1
- Investments in fi xed assets -21,271.8 -21,012.0
- Acquisition of consolidated subsidiaries
(Purchase price less the acquired cash and cash equivalents) 0.0 690.2
- Disposal of deconsolidated subsidiaries
(Revenue less cash and cash equivalents) 0.0 -178.2
+ (-) Profi t (loss) from asset disposals 48.5 -118.9
+ Translation differences 87.0 -736.7
+ Book value of asset disposals 460.7 5,038.5
= Consolidated cash fl ow from investing activities -20,675.6 -16,317.1
+ (-) Increase (decrease) in interest-bearing loans and liabilities to banks -18,274.6 17,385.0
- Repayment of bearer bonds (less grant) 0.0 -8,795.7
+ (-) Grant of long-term loans (less repayment) 416.6 866.7
- Dividends -100.0 -9,400.0
+ Capital increase for cash 22,253.1 0.0
+ (-) Other changes in equity -425.6 700.5
= Consolidated cash fl ow from fi nancing activities 3,869.5 756.5
POLYTEC
ANNUAL REPORT 2006
CASH FLOW
STATEMENT