1. Annual report 2013
  2. Board of Directors' Report
  3. Financial statements
  4. Consolidated Cash Flow Statement
  • Supervisory Board
  • Risk management
  • Insider administration
  • Audit
  • Internal audit
  • Remuneration
  • VR City Traffic
  • Properties
  • Conductor
  • For the investor
    • CONSOLIDATED CASH FLOW STATEMENT
    (1,000 €)    		 1 Jan.–31 Dec. 2013 1 Jan.–31 Dec. 2012
    Cash flow from operating activities
    Operating profit 70,595 52,357
    Adjustments to operating profit 1) 90,885 94,780
    Change in net working capital -29,812 -66,335
    Interest received 2,959 2,145
    Interest paid and payments for other financial expenses -3,121 -651
    Dividends received 240 14
    Taxes paid/received -1,997 -1,688
    Net cash from operating activities 129,748 80,622
    Cash flow from investing activities
    Capital expenditure on fixed assets and shares -157,222 -111,374
    Other fixed assets disposals 85,973 20,980
    Subsidiaries/business operations sold 15,944 40,881
    Change in other long-term investments -21,011 -1,302
    Repayments of loan receivables 5,059 3,967
    Net cash from investing activities, total -71,257 -46,848
    Cash flow before financing activities 58,492 33,774
    Cash flow from financing activities
    Current loans - raised/repaid -171 -1351
    Dividends paid
    Net cash used in financing activities, total -171 -1351
    Change in cash reserves 58,321 32,423
    Cash reserves on 1 Jan. 206,982 174,559
    Cash reserves on 31 Dec. 265,303 206,982
    1) Depreciation according to plan, other non-monetary items, and items shown elsewhere in cash flow.