Cash Flow Statement

Cash Flow Statement – HHLA Subgroups

in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the notes

 

2015
Group

 

2015
Port Logistics

 

2015
Real Estate

 

2015
Consolidation

1. Cash flow from operating activities

 

 

 

 

 

 

 

 

Earnings before interest and taxes (EBIT)

 

156,539

 

141,075

 

15,150

 

314

Depreciation, amortisation, impairment and reversals on non-financial non-current assets

 

124,238

 

119,473

 

5,079

 

- 314

Decrease in provisions

 

- 16,509

 

- 16,031

 

- 478

 

 

Result from the disposal of non-current assets

 

- 2,723

 

- 2,802

 

79

 

 

Change in inventories, trade receivables and other assets not attributable to investing or financing activities

 

968

 

3,370

 

- 1,850

 

- 552

Decrease in trade payables and other liabilities not attributable to investing or financing activities

 

- 4,414

 

- 1,157

 

- 3,809

 

552

Interest received

 

3,692

 

3,757

 

56

 

- 121

Interest paid

 

- 18,980

 

- 14,669

 

- 4,432

 

121

Income tax paid

 

- 41,107

 

- 39,857

 

- 1,250

 

 

Exchange rate and other effects

 

- 6,363

 

- 6,363

 

0

 

 

Cash flow from operating activities

 

195,341

 

186,796

 

8,545

 

0

 

 

 

 

 

 

 

 

 

2. Cash flow from investing activities

 

 

 

 

 

 

 

 

Proceeds from disposal of intangible assets, property, plant and equipment and investment property

 

13,774

 

13,730

 

44

 

 

Payments for investments in property, plant and equipment and investment property

 

- 150,800

 

- 149,910

 

- 890

 

 

Payments for investments in intangible assets

 

- 8,814

 

- 8,810

 

- 4

 

 

Proceeds from disposal of non-current financial assets

 

361

 

361

 

0

 

 

Payments for investments in non-current financial assets

 

- 1,685

 

- 1,685

 

0

 

 

Proceeds from disposal of interests in consolidated companies and other business units (including funds sold)

 

0

 

0

 

0

 

 

Payments for acquiring interests in consolidated companies and other business units (including funds purchased)

 

0

 

0

 

0

 

 

Proceeds from short-term deposits

 

16,950

 

16,950

 

0

 

 

Cash flow from investing activities

 

- 130,214

 

- 129,364

 

- 850

 

0

 

 

 

 

 

 

 

 

 

3. Cash flow from financing activities

 

 

 

 

 

 

 

 

Payments for increasing interests in fully consolidated companies

 

0

 

0

 

0

 

 

Dividends paid to shareholders of the parent company

 

- 40,482

 

- 36,425

 

- 4,057

 

 

Dividends/settlement obligation paid to non-controlling interests

 

- 32,400

 

- 32,400

 

0

 

 

Redemption of lease liabilities

 

- 7,144

 

- 7,144

 

0

 

 

Proceeds from the issuance of bonds and (financial) loans

 

121,265

 

46,265

 

75,000

 

 

Payments for the redemption of (financial) loans

 

- 126,482

 

- 57,376

 

- 69,106

 

 

Exchange-rate effects

 

2,518

 

2,518

 

0

 

 

Cash flow from financing activities

 

- 82,725

 

- 84,562

 

1,837

 

0

 

 

 

 

 

 

 

 

 

4. Financial funds at the end of the period

 

 

 

 

 

 

 

 

Change in financial funds (subtotals 1.–3.)

 

- 17,598

 

- 27,130

 

9,532

 

 

Change in financial funds due to exchange rates

 

- 2,604

 

- 2,604

 

0

 

 

Financial funds at the beginning of the period

 

185,617

 

190,896

 

- 5,279

 

 

Financial funds at the end of the period

 

165,415

 

161,162

 

4,253

 

0

Cash Flow Statement – HHLA Subgroups

in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the notes

 

2014
Group

 

2014
Port Logistics

 

2014
Real Estate

 

2014
Consolidation

1. Cash flow from operating activities

 

 

 

 

 

 

 

 

Earnings before interest and taxes (EBIT)

 

169,288

 

155,585

 

13,389

 

314

Depreciation, amortisation, impairment and reversals on non-financial non-current assets

 

124,886

 

120,640

 

4,560

 

- 314

Decrease in provisions

 

- 13,190

 

- 12,564

 

- 626

 

 

Result from the disposal of non-current assets

 

310

 

314

 

- 4

 

 

Change in inventories, trade receivables and other assets not attributable to investing or financing activities

 

- 2,654

 

- 2,965

 

470

 

- 159

Change in trade payables and other liabilities not attributable to investing or financing activities

 

16,727

 

12,330

 

4,238

 

159

Interest received

 

2,344

 

2,295

 

183

 

- 134

Interest paid

 

- 19,730

 

- 15,569

 

- 4,295

 

134

Income tax paid

 

- 38,724

 

- 35,803

 

- 2,921

 

 

Exchange rate and other effects

 

- 5,903

 

- 5,903

 

0

 

 

Cash flow from operating activities

 

233,354

 

218,360

 

14,994

 

0

 

 

 

 

 

 

 

 

 

2. Cash flow from investing activities

 

 

 

 

 

 

 

 

Proceeds from disposal of intangible assets, property, plant and equipment and investment property

 

3,047

 

2,824

 

223

 

 

Payments for investments in property, plant and equipment and investment property

 

- 89,195

 

- 64,959

 

- 24,236

 

 

Payments for investments in intangible assets

 

- 8,309

 

- 8,306

 

- 3

 

 

Proceeds from disposal of interests in consolidated companies and other business units (including funds sold)

 

0

 

51

 

0

 

- 51

Payments for acquiring interests in consolidated companies and other business units (including funds purchased)

 

- 61

 

- 61

 

- 51

 

51

Payments for short-term deposits

 

- 20,000

 

- 20,000

 

0

 

 

Cash flow from investing activities

 

- 114,518

 

- 90,451

 

- 24,067

 

0

 

 

 

 

 

 

 

 

 

3. Cash flow from financing activities

 

 

 

 

 

 

 

 

Payments for increasing interests in fully consolidated companies

 

- 259

 

- 259

 

0

 

 

Dividends paid to shareholders of the parent company

 

- 34,903

 

- 31,522

 

- 3,381

 

 

Dividends/settlement obligation paid to non-controlling interests

 

- 32,063

 

- 32,063

 

0

 

 

Redemption of lease liabilities

 

- 7,031

 

- 7,031

 

0

 

 

Proceeds from the issuance of bonds and (financial) loans

 

23,085

 

23,085

 

0

 

 

Payments for the redemption of (financial) loans

 

- 29,412

 

- 25,306

 

- 4,106

 

 

Exchange-rate effects

 

1,594

 

1,594

 

0

 

 

Cash flow from financing activities

 

- 78,989

 

- 71,502

 

- 7,487

 

0

 

 

 

 

 

 

 

 

 

4. Financial funds at the end of the period

 

 

 

 

 

 

 

 

Change in financial funds (subtotals 1.–3.)

 

39,847

 

56,407

 

- 16,560

 

 

Change in financial funds due to exchange rates

 

- 5,299

 

- 5,299

 

0

 

 

Financial funds at the beginning of the period

 

151,069

 

139,788

 

11,281

 

 

Financial funds at the end of the period

 

185,617

 

190,896

 

- 5,279

 

0