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.