Annual Report 2022

Cash flow statement

Cash flow statement – HHLA Group

in € thousand

 

Note

 

2022

 

2021

1. Cash flow from operating activities

 

 

 

 

 

 

Earnings before interest and taxes (EBIT)

 

 

 

220,403

 

228,175

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

 

 

 

175,851

 

178,501

Increase (+), decrease (-) in provisions

 

 

 

- 8,197

 

12,812

Gains (-), losses (+) from the disposal of non-current assets

 

 

 

- 141

 

264

Increase (-), decrease (+) in inventories, trade receivables and other assets not attributable to investing or financing activities

 

 

 

- 23,114

 

- 28,952

Increase (+), decrease (-) in trade payables and other liabilities not attributable to investing or financing activities

 

 

 

15,317

 

12,511

Interest received

 

 

 

6,127

 

4,039

Interest paid

 

 

 

- 27,178

 

- 29,683

Income tax paid

 

 

 

- 73,058

 

- 61,368

Exchange rate and other effects

 

 

 

- 6,691

 

- 434

Cash flow from operating activities

 

 

 

279,319

 

315,865

 

 

 

 

 

 

 

2. Cash flow from investing activities

 

 

 

 

 

 

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

 

 

 

1,339

 

2,106

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

 

 

 

- 165,508

 

- 176,807

Payments for investments in intangible assets

 

22.

 

- 13,600

 

- 11,014

Proceeds from disposal of non-current financial assets

 

 

 

0

 

125

Payments for investments in non-current financial assets

 

 

 

- 2,506

 

- 526

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

 

 

 

- 17,304

 

- 16,247

Proceeds (+), payments (-) for short-term deposits

 

 

 

45,000

 

- 25,000

Cash flow from investing activities

 

 

 

- 152,579

 

- 227,364

 

 

 

 

 

 

 

3. Cash flow from financing activities

 

 

 

 

 

 

Payments for capital procurement costs

 

 

 

0

 

- 1,165

Payments for increases in interests in fully consolidated companies

 

 

 

- 514

 

0

Dividends paid to shareholders of the parent company

 

21.

 

- 60,066

 

- 20,842

Dividends/settlement obligation paid to non-controlling interests

 

 

 

- 35,239

 

- 25,456

Payments for the redemption of lease liabilities

 

 

 

- 49,396

 

- 47,202

Proceeds from the issuance of bonds and the raising of (financial) loans

 

 

 

67,290

 

34,041

Payments for the redemption of (financial) loans

 

 

 

- 50,022

 

- 24,298

Cash flow from financing activities

 

 

 

- 127,947

 

- 84,922

 

 

 

 

 

 

 

4. Financial funds at the end of the period

 

 

 

 

 

 

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

 

 

 

- 1,208

 

3,579

Change in financial funds due to exchange rates

 

 

 

- 292

 

590

Financial funds at the beginning of the period

 

 

 

173,016

 

168,847

Financial funds at the end of the period

 

43.

 

171,516

 

173,016

Cash flow statement – HHLA subgroups

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

 

2022
Group

 

2022
Port Logistics

 

2022
Real Estate

 

2022
Consolidation

1. Cash flow from operating activities

 

 

 

 

 

 

 

 

Earnings before interest and taxes (EBIT)

 

220,403

 

201,610

 

18,442

 

351

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

 

175,851

 

168,023

 

8,179

 

- 351

Increase (+), decrease (-) in provisions

 

- 8,197

 

- 8,422

 

225

 

 

Gains (-), losses (+) from the disposal of non-current assets

 

- 141

 

- 270

 

129

 

 

Increase (-), decrease (+) in inventories, trade receivables and other assets not attributable to investing or financing activities

 

- 23,114

 

- 22,629

 

- 761

 

276

Increase (+), decrease (-) in trade payables and other liabilities not attributable to investing or financing activities

 

15,317

 

14,833

 

760

 

- 276

Interest received

 

6,127

 

6,155

 

54

 

- 82

Interest paid

 

- 27,178

 

- 24,572

 

- 2,688

 

82

Income tax paid

 

- 73,058

 

- 70,915

 

- 2,143

 

 

Exchange rate and other effects

 

- 6,691

 

- 6,691

 

0

 

 

Cash flow from operating activities

 

279,319

 

257,122

 

22,197

 

0

 

 

 

 

 

 

 

 

 

2. Cash flow from investing activities

 

 

 

 

 

 

 

 

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

 

1,339

 

1,338

 

1

 

 

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

 

- 165,508

 

- 144,574

 

- 20,934

 

 

Payments for investments in intangible assets

 

- 13,600

 

- 13,581

 

- 19

 

 

Payments for investments in non-current financial assets

 

- 2,506

 

- 2,506

 

0

 

 

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

 

- 17,304

 

- 17,304

 

0

 

 

Proceeds (+), payments (-) for short-term deposits

 

45,000

 

45,000

 

0

 

 

Cash flow from investing activities

 

- 152,579

 

- 131,627

 

- 20,952

 

0

 

 

 

 

 

 

 

 

 

3. Cash flow from financing activities

 

 

 

 

 

 

 

 

Payments for increases in interests in fully consolidated companies

 

- 514

 

- 514

 

0

 

 

Dividends paid to shareholders of the parent company

 

- 60,066

 

- 54,386

 

- 5,680

 

 

Dividends/settlement obligation paid to non-controlling interests

 

- 35,239

 

- 35,239

 

0

 

 

Payments for the redemption of lease liabilities

 

- 49,396

 

- 46,348

 

- 3,048

 

 

Proceeds from the issuance of bonds and the raising of (financial) loans

 

67,290

 

22,290

 

45,000

 

 

Payments for the redemption of (financial) loans

 

- 50,022

 

- 17,881

 

- 32,141

 

 

Cash flow from financing activities

 

- 127,947

 

- 132,078

 

4,131

 

0

 

 

 

 

 

 

 

 

 

4. Financial funds at the end of the period

 

 

 

 

 

 

 

 

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

 

- 1,208

 

- 6,584

 

5,376

 

 

Change in financial funds due to exchange rates

 

- 292

 

- 292

 

0

 

 

Financial funds at the beginning of the period

 

173,016

 

164,655

 

8,361

 

 

Financial funds at the end of the period

 

171,516

 

157,779

 

13,737

 

0

Cash flow statement – HHLA subgroups

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

 

2021
Group

 

2021
Port Logistics

 

2021
Real Estate

 

2021
Consolidation

1. Cash flow from operating activities

 

 

 

 

 

 

 

 

Earnings before interest and taxes (EBIT)

 

228,175

 

212,574

 

15,250

 

351

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

 

178,501

 

171,486

 

7,366

 

- 351

Increase (+), decrease (-) in provisions

 

12,812

 

13,025

 

- 213

 

 

Gains (-), losses (+) from the disposal of non-current assets

 

264

 

263

 

1

 

 

Increase (-), decrease (+) in inventories, trade receivables and other assets not attributable to investing or financing activities

 

- 28,952

 

- 29,946

 

1,057

 

- 63

Increase (+), decrease (-) in trade payables and other liabilities not attributable to investing or financing activities

 

12,511

 

11,859

 

589

 

63

Interest received

 

4,039

 

4,110

 

33

 

- 104

Interest paid

 

- 29,683

 

- 27,153

 

- 2,634

 

104

Income tax paid

 

- 61,368

 

- 56,771

 

- 4,597

 

 

Exchange rate and other effects

 

- 434

 

- 434

 

0

 

 

Cash flow from operating activities

 

315,865

 

299,013

 

16,852

 

0

 

 

 

 

 

 

 

 

 

2. Cash flow from investing activities

 

 

 

 

 

 

 

 

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

 

2,106

 

2,106

 

0

 

 

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

 

- 176,807

 

- 153,324

 

- 23,483

 

 

Payments for investments in intangible assets

 

- 11,014

 

- 10,995

 

- 19

 

 

Proceeds from disposal of non-current financial assets

 

125

 

125

 

0

 

 

Payments for investments in non-current financial assets

 

- 526

 

- 526

 

0

 

 

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

 

- 16,247

 

- 16,247

 

0

 

 

Proceeds (+), payments (-) for short-term deposits

 

- 25,000

 

- 25,000

 

0

 

 

Cash flow from investing activities

 

- 227,364

 

- 203,862

 

- 23,502

 

0

 

 

 

 

 

 

 

 

 

3. Cash flow from financing activities

 

 

 

 

 

 

 

 

Payments for capital procurement costs

 

- 1,165

 

- 1,165

 

0

 

 

Dividends paid to shareholders of the parent company

 

- 20,842

 

- 15,163

 

- 5,679

 

 

Dividends/settlement obligation paid to non-controlling interests

 

- 25,456

 

- 25,456

 

0

 

 

Payments for the redemption of lease liabilities

 

- 47,202

 

- 44,225

 

- 2,977

 

 

Proceeds from the issuance of bonds and the raising of (financial) loans

 

34,041

 

14,041

 

20,000

 

 

Payments for the redemption of (financial) loans

 

- 24,298

 

- 20,371

 

- 3,927

 

 

Cash flow from financing activities

 

- 84,922

 

- 92,339

 

7,417

 

0

 

 

 

 

 

 

 

 

 

4. Financial funds at the end of the period

 

 

 

 

 

 

 

 

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

 

3,579

 

2,812

 

767

 

0

Change in financial funds due to exchange rates

 

590

 

590

 

0

 

 

Financial funds at the beginning of the period

 

168,847

 

161,253

 

7,594

 

 

Financial funds at the end of the period

 

173,016

 

164,655

 

8,361

 

0

Topic filter