Annual Report 2024

Cash flow statement

Cash flow statement – HHLA subgroups

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

 

2024
Group

 

2024
Port Logistics

 

2024
Real Estate

 

2024
Consolidation

1. Cash flow from operating activities

 

 

 

 

 

 

 

 

Earnings before interest and taxes (EBIT)

 

134,270

 

117,804

 

16,114

 

351

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

 

174,757

 

165,599

 

9,509

 

- 351

Increase (+), decrease (-) in provisions

 

1,717

 

- 9,083

 

10,800

 

 

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

 

1,709

 

1,709

 

0

 

 

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

 

- 54,874

 

- 42,485

 

- 10,522

 

- 1,867

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

 

10,303

 

12,867

 

- 4,431

 

1,867

Interest received

 

12,140

 

10,203

 

2,440

 

- 503

Interest paid

 

- 36,103

 

- 32,306

 

- 4,300

 

503

Income tax paid

 

- 47,741

 

- 44,185

 

- 3,556

 

 

Exchange rate and other effects

 

- 231

 

- 231

 

0

 

 

Cash flow from operating activities

 

195,947

 

179,892

 

16,054

 

0

 

 

 

 

 

 

 

 

 

2. Cash flow from investing activities

 

 

 

 

 

 

 

 

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

 

2,892

 

2,892

 

0

 

 

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

 

- 244,716

 

- 226,547

 

- 18,169

 

 

Payments for investments in intangible assets

 

- 22,575

 

- 22,563

 

- 12

 

 

Proceeds from the sale 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)

 

- 14,566

 

- 14,566

 

0

 

 

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

 

- 20,000

 

- 20,000

 

0

 

 

Cash flow from investing activities

 

- 298,964

 

- 280,783

 

- 18,181

 

0

 

 

 

 

 

 

 

 

 

3. Cash flow from financing activities

 

 

 

 

 

 

 

 

Payments for capital procurement costs

 

- 625

 

- 625

 

0

 

 

Payments for increases in interests in fully consolidated companies

 

- 125

 

- 125

 

0

 

 

Proceeds from reductions in interests in fully consolidated companies

 

0

 

0

 

0

 

 

Dividends paid to shareholders of the parent company

 

- 11,751

 

- 5,801

 

- 5,950

 

 

Dividends/settlement obligation paid to non-controlling interests

 

- 26,093

 

- 26,093

 

0

 

 

Payments for the redemption of lease liabilities

 

- 54,074

 

- 50,476

 

- 3,598

 

 

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

 

309,425

 

309,425

 

0

 

 

Payments for the redemption of (financial) loans

 

- 70,528

 

- 70,028

 

- 500

 

 

Cash flow from financing activities

 

146,229

 

156,277

 

- 10,048

 

0

 

 

 

 

 

 

 

 

 

4. Financial funds at the end of the period

 

 

 

 

 

 

 

 

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

 

43,211

 

55,386

 

- 12,175

 

0

Change in financial funds due to exchange rates

 

31

 

31

 

0

 

 

Financial funds at the beginning of the period

 

242,310

 

174,555

 

67,755

 

 

Financial funds at the end of the period

 

285,552

 

229,972

 

55,580

 

0

Cash flow statement – HHLA subgroups

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

 

2023
Group

 

2023
Port Logistics

 

2023
Real Estate

 

2023
Consolidation

1. Cash flow from operating activities

 

 

 

 

 

 

 

 

Earnings before interest and taxes (EBIT)

 

109,389

 

92,902

 

16,136

 

352

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

 

178,401

 

169,105

 

9,647

 

- 352

Increase (+), decrease (-) in provisions

 

- 31,143

 

- 30,629

 

- 514

 

 

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

 

- 12,826

 

- 12,826

 

0

 

 

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

 

50,621

 

49,210

 

- 862

 

2,273

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

 

8,891

 

7,461

 

3,703

 

- 2,273

Interest received

 

9,344

 

7,546

 

1,957

 

- 159

Interest paid

 

- 32,942

 

- 29,817

 

- 3,284

 

159

Income tax paid

 

- 55,949

 

- 54,107

 

- 1,842

 

 

Exchange rate and other effects

 

589

 

589

 

0

 

 

Cash flow from operating activities

 

224,375

 

199,434

 

24,941

 

0

 

 

 

 

 

 

 

 

 

2. Cash flow from investing activities

 

 

 

 

 

 

 

 

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

 

22,290

 

21,657

 

633

 

 

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

 

- 258,422

 

- 241,726

 

- 16,696

 

 

Payments for investments in intangible assets

 

- 18,613

 

- 18,609

 

- 4

 

 

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

 

90

 

90

 

0

 

 

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

 

- 16,811

 

- 16,811

 

0

 

 

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

 

20,000

 

20,000

 

0

 

 

Cash flow from investing activities

 

- 251,466

 

- 235,399

 

- 16,067

 

0

 

 

 

 

 

 

 

 

 

3. Cash flow from financing activities

 

 

 

 

 

 

 

 

Payments for capital procurement costs

 

- 283

 

- 283

 

0

 

 

Payments for increases in interests in fully consolidated companies

 

- 8,000

 

- 8,000

 

0

 

 

Proceeds from reductions in interests in fully consolidated companies

 

47,128

 

47,128

 

0

 

 

Dividends paid to shareholders of the parent company

 

- 60,336

 

- 54,386

 

- 5,950

 

 

Dividends/settlement obligation paid to non-controlling interests

 

- 43,894

 

- 43,894

 

0

 

 

Payments for the redemption of lease liabilities

 

- 51,185

 

- 47,779

 

- 3,406

 

 

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

 

248,491

 

178,491

 

70,000

 

 

Payments for the redemption of (financial) loans

 

- 34,210

 

- 18,710

 

- 15,500

 

 

Cash flow from financing activities

 

97,711

 

52,567

 

45,144

 

0

 

 

 

 

 

 

 

 

 

4. Financial funds at the end of the period

 

 

 

 

 

 

 

 

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

 

70,620

 

16,602

 

54,018

 

0

Change in financial funds due to exchange rates

 

174

 

174

 

0

 

 

Financial funds at the beginning of the period

 

171,516

 

157,779

 

13,737

 

 

Financial funds at the end of the period

 

242,310

 

174,555

 

67,755

 

0

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