2015 | 2014 | ||
---|---|---|---|
Restated* | |||
Note | |||
Income before taxes | -152,193 | -21,809 | |
Change in | |||
Result from sales/liquidations of subsidiaries / disposal groups | 9/25 | -2,910 | 7,590 |
Own costs capitalised | 7/8 | -7,100 | -7,291 |
Depreciation/amortisation and impairment | 3/7/8 | 114,835 | 50,645 |
Appreciations | 7 | -5,568 | - |
Net financial result | 4 | 70,664 | 41,237 |
Share of results of associates | 9 | 12,990 | 6,467 |
Change in pension provisions (without interests) | 18 | 748 | -3,354 |
Change in other long term provisions (without interests) | 2,935 | 6,218 | |
Other income and expenses not affecting cash | 2,616 | -270 | |
Change in net-current assets (excl. securities and other financial instruments) | 5,890 | 35,528 | |
Other financial cash outflow and inflow | -23,032 | -7,348 | |
Income taxes paid | -2,934 | -9,513 | |
Cash flow from operating activities | 16,941 | 98,100 | |
Additions of tangible and intangible assets | 7/8 | -19,897 | -22,626 |
Sales of tangible and intangible assets | 1,971 | 2,182 | |
Disposal of subsidiaries / disposal groups | 25/26 | 60,685 | - |
Additions of investments in associates | 9 | - | -3,423 |
Granting of active loans | -14,000 | -4,500 | |
Repayments of non current financial assets | 635 | 5,083 | |
Additions of current and non-current financial assets | -14,957 | -156,948 | |
Disposals of current and non-current financial assets | 140,300 | 147 | |
Dividends received | 331 | 810 | |
Interest received | 3,157 | 2,620 | |
Cash flow from investing activities | 158,225 | -176,655 | |
Increase in financial liabilities | 59,285 | 97,155 | |
Repayment of financial liabilities | -60,903 | -13,665 | |
Dividend payments | -931 | -7,618 | |
Sale of treasury shares | - | 1,414 | |
Purchase of non-controlling interests | 9 | - | -190 |
Capital increase done by non-controlling interests | - | 318 | |
Interest paid | -16,623 | -16,741 | |
Cash flow from financing activities | -19,172 | 60,673 | |
Translation differences | -8,562 | -4,481 | |
Change in cash and cash equivalents | 147,432 | -22,363 | |
Cash and cash equivalents at 1 January | 15 | 250,701 | 273,064 |
Cash and cash equivalents at 31 December | 15 | 398,133 | 250,701 |
The notes are an integral part of these consolidated financial statements.
* See page 50