Cash flow statement, parent company, FAS

EUR 1 000 1 Jan–31 Dec 2008 1 Jan–31 Dec 2007
     
Cash flow from operations    
Profit for the reporting period 0 360
     
Adjustments for:    
Depreciation, amortisation & impairment loss 11 694 14 864
Gains (-) and Losses (+) of disposals of fixed assets and other non-current assets -452 3 295
Unrealised currency differences -196 490
Financial income and expenses 6 761 9 448
Income taxes   31
Other adjustments -4 444 -3 622
  13 362 24 867
Changes in working capital:    
Change in inventories, addition (+), decrease (-) 459 -839
Change in accounts receivable, addition (+), decrease (-) 1 643 -716
Change in accounts payable, addition (+), decrease (-) -4 585 82
  10 879 23 394
     
Interest paid -49 837 -29 290
Dividends received 474 2 609
Interest received 43 484 26 461
Other financing items -758 -3 682
Income taxes paid   438
  -6 637 -3 463
Net cash flow from operations 4 242 19 932
     
Cash flows from investing activities    
Investments in tangible and intangible assets -104 049 -319 229
Proceeds from sale of tangible and intangible assets 530 516
Acquisition of subsidiaries, net of cash acquired   -501
Proceeds from sale of investments   241
Loans granted -58 424 -43 580
Proceeds from repayments of loans 15 747 759
Net cash used in investing activities -146 195 -361 794
     
Net cash before financing activities -141 953 -341 862
     
Cash flows from financing activities    
Proceeds from short-term borrowings   112 731
Repayment of short-term borrowings -76 493  
Proceeds of long-term borrowings 279 606 350 879
Repayment of long-term borrowings -77 794 -95 592
Dividends paid -180 -17 091
Net cash used in financing activities 125 139 350 927
     
Change in cash and cash equivalents -16 815 9 065
Cash and cash equivalents on 1 Jan 19 377 10 322
Effect of foreign exchange rate changes   -10
Cash and cash equivalents on 31 Dec 2 562 19 377