| |
2011
|
2010
|
2009
|
2008
|
2007
|
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
Profits before taxes Continuing Activities |
12.65
|
16.76
|
21.44
|
-
|
-
|
Profits before taxes Discontinued Activities |
0.00
|
-1.40
|
0.04
|
-
|
-
|
Profits before taxes |
-
|
15.36
|
21.47
|
32.74
|
40.06
|
Plus / minus adjustments for : |
|
|
|
|
|
Sale of Affiliated Company |
-
|
0.00
|
0.00
|
0.00
|
-8.50
|
Depreciation of fixed assets |
3.86
|
3.84
|
3.59
|
3.73
|
3.52
|
|
0.00
|
1.19
|
0.00
|
-
|
-
|
Foreign exchange differences |
0.62
|
-0.21
|
0.28
|
1.23
|
-0.46
|
Income from investment activities |
-4.86
|
-6.70
|
-7.06
|
-10.86
|
-11.58
|
Interest and other related expenses |
3.12
|
2.45
|
2.41
|
4.39
|
5.55
|
|
-
|
-
|
-
|
-
|
-
|
|
-
|
-
|
-
|
-
|
-
|
Plus/minus adjustments for changes in working capital accounts or accounts related to operating activities: |
|
|
|
|
|
Decrease / (increase) in inventories |
-4.79
|
-1.32
|
9.46
|
-4.15
|
1.02
|
Decrease / (increase) in receivables |
-2.37
|
-1.90
|
3.19
|
2.81
|
4.75
|
(Decrease) / increase in liabilities (other than to banks) |
2.52
|
1.42
|
-4.76
|
-3.28
|
-0.27
|
Less : |
|
|
|
|
|
Interest and other related expenses, paid |
-3.16
|
-2.24
|
-2.28
|
-3.89
|
-4.87
|
Tax Paid |
-2.12
|
-3.28
|
-4.37
|
-5.05
|
-4.53
|
|
-
|
-
|
-
|
-
|
-
|
Total inflows / (outflows) from continuing operating activities (a) |
5.46
|
8.60
|
21.94
|
-
|
-
|
Total inflows / (outflows) from discontinued operating activities (a) |
0.00
|
1.96
|
0.67
|
-
|
-
|
Total inflows / (outflows) from continuing and discontinued operating activities (a) |
5.46
|
10.57
|
22.61
|
17.68
|
24.70
|
|
-
|
-
|
-
|
-
|
-
|
CASH FLOWS FROM INVESTMENT ACTIVITIES |
|
|
|
|
|
Receipts of securities sales |
|
|
|
|
|
Acquisition of subsidiaries, associates, joint ventures and other investments |
-4.20
|
-2.42
|
-0.14
|
-6.61
|
18.11
|
Acquisition of tangible and intangible assets |
-8.17
|
-6.23
|
-5.86
|
-6.87
|
-4.92
|
Revenues from sale of tangible and intangible assets |
0.24
|
0.21
|
0.16
|
4.26
|
1.37
|
Interest received |
1.15
|
1.37
|
0.45
|
0.90
|
0.68
|
Dividends received |
3.04
|
4.95
|
6.25
|
6.44
|
1.55
|
|
-
|
-
|
-
|
-
|
-
|
Net inflows / (outflows) from continuing investment activities (b) |
-7.95
|
-2.13
|
0.86
|
-
|
-
|
Net inflows / (outflows) from discontinued investment activities (b) |
0.00
|
-0.41
|
-0.01
|
-
|
-
|
Net inflows / (outflows) from continuing and discontinued investment activities (b) |
-7.95
|
-2.53
|
0.85
|
-1.88
|
16.78
|
|
-
|
-
|
-
|
-
|
-
|
CASH FLOWS FROM FINANCIAL ACTIVITIES |
|
|
|
|
|
|
-
|
-
|
-
|
-
|
-
|
Proceeds from share capital increase |
0.00
|
0.00
|
0.00
|
0.00
|
0.82
|
Proceeds from loans granted / assumed |
17.00
|
-
|
32.00
|
44.21
|
1.01
|
Loan payments |
-22.59
|
-2.00
|
-39.45
|
-60.50
|
-11.30
|
Payment of finance lease liabilities (payments of principal) |
-0.07
|
-0.01
|
0.00
|
0.00
|
0.00
|
Payments for purchase of own shares |
-0.91
|
-0.66
|
-3.70
|
-6.48
|
1.14
|
Dividends paid |
0.00
|
-0.35
|
-1.04
|
-6.52
|
-4.94
|
Net inflows / (outflows) from continuing financial activities (c) |
-6.58
|
8.81
|
-12.20
|
-
|
-
|
Net inflows / (outflows) from discontinued financial activities (c) |
0.00
|
-0.61
|
-0.49
|
-
|
-
|
Net inflows / (outflows) from continuing and discontinued financial activities (c) |
-6.58
|
8.20
|
-12.69
|
-29.28
|
-13.27
|
|
-
|
-
|
-
|
-
|
-
|
Net increase / decrease in cash and cash equivalents for the period (a)+(b)+(c) |
-9.07
|
16.23
|
10.78
|
-13.49
|
28.22
|
Cash and cash equivalents, beginning of the period |
47.16
|
30.82
|
23.16
|
43.16
|
14.26
|
Translation to € effects |
0.05
|
0.11
|
-3.12
|
-6.52
|
0.69
|
Cash and cash equivalents, end of the period |
38.15
|
47.16
|
30.82
|
23.16
|
43.17
|