Frontpage Consolidated Financial Statements Parent Company's Financial statements Parent's cash flow statement

Parent's cash flow statement


1 Jan.-31 Dec. 2011 1 Jan.-31 Dec. 2010
     
Cash flow from operating activities    
Profit before extraordinary items 32,867,268.65 191,170,255.03
Adjustments:    
Depreciation according to plan 15,912,629.43 17,434,923.06
Financial income and expenses -13,569,860.15 -13,813,089.93
Other adjustments -1,726,000.62 -69,584,215.55
  33,484,037.31 125,207,872.61
Change in working capital    
Interest-free short-term trade receivables, increase/decrease (-/+) 3,320,954.86 -1,088,925.27
Interest-free short-term debt, increase/decrease (+/-) -571,717.25 11,765,141.48
  2,749,237.61 10,676,216.21
     
Interests paid -18,981,566.75 -16,082,754.25
Interests received 35,143,055.26 25,698,497.53
Dividends received 105,961.20 21,851.99
Taxes paid -40,676,089.59 -103,242,413.51
  -24,408,639.88 -93,604,818.24
     
Cash flow from operating activities 11,824,635.04 42,279,270.58
     
Cash flow from investing activities    
Purchases of other investments -427,410.59 -4,494,826.00
Investments in tangible and intangible assets -22,247,633.99 -7,342,155.49
Increase in long-term receivables -52,827,011.44 0.00
Decrease in long-term receivables 0.00 107,916,292.15
Subsidiary acquired -5,651,403.87 -27,381,743.56
Subsidiary disposed 3,800.00 1,934,425.00
Associated company acquired 0.00 -32,669,166.40
Associated company disposed 0.00 6,727.52
Proceeds from other investments 0.00 411,370.00
Proceeds from sale of tangible and intangible assets 1,696,049.13 103,295,518.59
Cash flow from investing activities -79,453,610.76 141,676,441.81
     
Cash flow from financing activities    
Increase/decrease (+/-) in current creditors -42,791,255.48 114,638,294.24
Increase/decrease (+/-) in non-current creditors -6,896,644.64 -5,492,357.02
Increase/decrease (-/+) in short-term interest-bearing receivables -323,916,887.35 -120,104,979.56
Short-term money market investments 199,649,938.45 -112,971,602.17
Dividends paid -128,233,679.60 -88,547,166.90
Group contributions received and paid 103,123,780.45 51,637,711.18
Increase in reserve for invested non-restrictive equity 87,637.50 4,208,314.54
Increase in reserve for own shares -22,863,905.23 0.00
Others 302,338.55 -14,132,237.45
Cash flow from financing activities -221,538,677.35 -170,764,023.14
     
Change in liquid assets -289,167,653.07 13,191,689.25
     
Liquid assets at 1 January 438,579,485.23 425,387,795.98
Liquid assets at 31 December 149,411,832.16 438,579,485.23