Statement of cash flows (FAS)

STATEMENT OF CASH FLOWS (FAS)
 
EUR 1 000 1 Jan–31 Dec 2015 1 Jan–31 Dec 2014
Cash flow from operations    
Profit before extraordinary items 12 188 17 925
Adjustments    
Depreciation and reduction of values 3 241 5 913
Financial income and expenses -25 757 -37 769
Other non-cash items -5 220 8 766
Cash generated from operations before net working capital -15 548 -5 165
     
Change in working capital    
Change in current receivables 6 874 35 326
Change in current non-interest-bearing liabilities -5 382 -11 967
Cash generated from operations -14 056 18 194
     
Interest expenses paid and other financial expenses -18 848 -12 293
Interest income received 11 867 7 059
Dividend received and equity refund 34 609 97 544
Income taxes paid -2 610 4 903
Net cash flow from operations 10 962 115 407
     
Cash flow from investing activities    
Purchase of tangible and intangible assets -3 046 -2 982
Proceeds from sale of tangible and intangible assets 22 5
Acquisition of Group companies and business operations -68 306 -1 033
Loans granted -18 775 -2 194
Proceeds from repayments of loans 14 815 18 801
Total net cash used in investing activities -75 290 12 597
     
Cash flow from financing activities    
Dividends paid -95 227 -65 324
Proceeds from issuance of share capital 3 601 5 366
Repayments of long-term borrowings - -433
Proceeds from short-term borrowings 58 567 5 969
Repayments in short-term borrowings -6 339 -33 843
Change in intercompany cash pool, net 47 233 -27 652
Group contributions received 34 100 29 000
Total net cash used in financing activities 41 935 -86 917
     
Change in cash and cash equivalents -22 393 41 087
     
Cash and cash equivalents at beginning of period 119 065 77 978
Cash and cash equivalents at end of period 96 672 119 065
  -22 393 41 087