Cash Flow Statement

in € thousand

 

Note

 

2015

 

2014

1. Cash flow from operating activities

 

 

 

 

 

 

Earnings before interest and taxes (EBIT)

 

 

 

156,539

 

169,288

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

 

 

 

124,238

 

124,886

Decrease in provisions

 

 

 

- 16,509

 

- 13,190

Result from the disposal of non-current assets

 

 

 

- 2,723

 

310

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

 

 

 

968

 

- 2,654

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

 

 

 

- 4,414

 

16,727

Interest received

 

 

 

3,692

 

2,344

Interest paid

 

 

 

- 18,980

 

- 19,730

Income tax paid

 

 

 

- 41,107

 

- 38,724

Exchange rate and other effects

 

 

 

- 6,363

 

- 5,903

Cash flow from operating activities

 

 

 

195,341

 

233,354

 

 

 

 

 

 

 

2. Cash flow from investing activities

 

 

 

 

 

 

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

 

 

 

13,774

 

3,047

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

 

 

 

- 150,800

 

- 89,195

Payments for investments in intangible assets

 

22.

 

- 8,814

 

- 8,309

Proceeds from disposal of non-current financial assets

 

 

 

361

 

0

Payments for investments in non-current financial assets

 

 

 

- 1,685

 

0

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

 

 

 

0

 

0

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

 

 

 

0

 

- 61

Proceeds/payments for short-term deposits

 

 

 

16,950

 

- 20,000

Cash flow from investing activities

 

 

 

- 130,214

 

- 114,518

 

 

 

 

 

 

 

3. Cash flow from financing activities

 

 

 

 

 

 

Payments for increasing interests in fully consolidated companies

 

 

 

0

 

- 259

Dividends paid to shareholders of the parent company

 

21.

 

- 40,482

 

- 34,903

Dividends/settlement obligation paid to non-controlling interests

 

 

 

- 32,400

 

- 32,063

Redemption of lease liabilities

 

 

 

- 7,144

 

- 7,031

Proceeds from the issuance of bonds and (financial) loans

 

 

 

121,265

 

23,085

Payments for the redemption of (financial) loans

 

 

 

- 126,482

 

- 29,412

Exchange-rate effects

 

 

 

2,518

 

1,594

Cash flow from financing activities

 

 

 

- 82,725

 

- 78,989

 

 

 

 

 

 

 

4. Financial funds at the end of the period

 

 

 

 

 

 

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

 

 

 

- 17,598

 

39,847

Change in financial funds due to exchange rates

 

 

 

- 2,604

 

- 5,299

Financial funds at the beginning of the period

 

 

 

185,617

 

151,069

Financial funds at the end of the period

 

43.

 

165,415

 

185,617