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Financial statements Parent's financial statements Parent's cash flow statement (FAS)
Parent's cash flow statement (FAS) |
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| € | 1 Jan.-31 Dec. 2009 | 1 Jan.-31 Dec. 2008 |
| Cash flow from operating activities | ||
| Profit before extraordinary items | 127,304,287.13 | 175,010,668.09 |
| Adjustments: | ||
| Depreciation according to plan | 22,431,800.30 | 22,542,266.17 |
| Financial income and expenses | -11,208,558.82 | -37,555,785.57 |
| Other adjustments | -86,901,943.53 | -115,916,129.96 |
| 51,625,585.08 | 44,081,018.73 | |
| Change in working capital | ||
| Interest-free short-term trade receivables, increase/decrease (-/+) | 5,013,184.12 | 4,314,998.23 |
| Interest-free short-term debt, increase/decrease (+/-) | -7,364,940, 23 | 3,239,414.65 |
| -2,351,756.11 | 7,554,412.88 | |
| Interests paid | -24,886,896.53 | -39,864,151.14 |
| Interests received | 50,091,388.56 | 72,980,921.01 |
| Dividends received | 15,919.30 | 6,220,481.75 |
| Taxes paid | -31,500,126.37 | -62,090,706.16 |
| -6,279,715.04 | -22,753,454.54 | |
| Cash flow from operating activities | 42,994,113.93 | 28,881,977.07 |
| Cash flow from investing activities | ||
| Purchases of other investments | - | -50,000.00 |
| Investments in tangible and intangible assets | -25,407,912.38 | -28,940,941.87 |
| Increase in long-term receivables | - | -61,937,039.62 |
| Decrease in long-term receivables | 14,727,559.87 | - |
| Subsidiary disposed | 30,401,356.84 | 149,729,156.38 |
| Associated company disposed | 140,000.00 | 1,388,000.00 |
| Proceeds from other investments | - | 223,047.00 |
| Proceeds from sale of tangible and intangible assets | 164,968,531.04 | 141,294,028.63 |
| Cash flow from investing activities | 184,829,535.37 | 201,706,250.52 |
| Cash flow from financing activities | ||
| Decrease in current creditors | -165,768,732.94 | -106,807,060.53 |
| Increase in non-current creditors | 17,681,692.46 | - |
| Decrease in non-current creditors | - | -4,618,842.74 |
| Increase/decrease (-/+) in short-term interest-bearing receivables | 248,003,649.29 | 45,784,249.44 |
| Short-term money market investments | -98,162,726.19 | -18,400,959.74 |
| Dividends paid | -97,850,410.00 | -156,428,592.00 |
| Group contributions received and paid | 21,584,005.65 | 99,866,000.00 |
| Increase in share capital | 4,577,454.34 | 379,018.16 |
| Others | -14,532,339.74 | 10,549,067.77 |
| Cash flow from financing activities | -84,467,407.13 | -129,677,119.64 |
| Change in liquid assets | 143,356,242.17 | 100,911,107.95 |
| Liquid assets at 1 January | 282,031,553.81 | 181,120,445.86 |
| Liquid assets at 31 December | 425,387,795.98 | 282,031,553.81 |
