Consolidated Statement of Cash Flow (IFRS)

Consolidated Statement of Cash Flow (IFRS)

(EUR million)

Year ended 31 December
Note 2013 2012
CASH FLOW FROM OPERATING ACTIVITIES
Net profit for the period -25.9 22.4
Adjustments for
Depreciation, amortization and impairment 6 11 12 13 99.3 146.8
Income taxes 9 28.5 6.2
Finance expenses, net 7 39.0 15.7
Share of profit or loss of associates 8 1.1 -11.2
Other non-cash income and expenses not involving cash flow 60.2 39.4
Operating profit before change in net working capital 202.2 219.3
Change in net working capital
Increase (-) / decrease (+) in inventories -3.5 26.3
Increase (-) / decrease (+) in trade and other receivables 14.1 17.2
Increase (+) / decrease (-) in trade payables and other liabilities 14.1 -64.6
Change in working capital 24.7 -21.1
Cash generated from operations 226.9 198.2
Interest and other finance cost paid -27.7 -28.7
Interest and other finance income received 8.4 8.0
Realized exchange gains and losses 19.0 13.4
Dividends received 0.2 15.6
Income taxes paid -26.5 -30.2
Net cash generated from operating activities 200.3 176.3
CASH FLOW FROM INVESTING ACTIVITIES
Purchases of subsidiaries, net of cash acquired 27 -58.6 0.0
Purchases of available-for-sale financial assets -4.1 -0.4
Purchases of property, plant, equipment and intangible assets -134.8 -133.7
Change in long-term loan receivables decrease (+) / increase (-) -0.5 -0.2
Proceeds from sale of subsidiaries, net of cash disposed 26 87.5 0.0
Proceeds from sale of associates and paid-in-capital from associates 97.7 26.8
Proceeds from sale of available-for-sale financial assets 2.8 0.0
Proceeds from sale of property, plant and equipment 5.4 3.0
Net cash used in investing activities -4.6 -104.5
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from non-current interest-bearing liabilities (+) 0.0 1.6
Repayment from non-current interest-bearing liabilities (-) -95.1 -81.5
Short-term financing, net increase (+) / decrease (-) -32.6 43.3
Dividends paid -85.1 -85.1
Other finance items -1.1 -0.9
Net cash used in financing activities -213.9 -122.6
Net decrease (-) / increase (+) in cash and cash equivalents -18.2 -50.8
Cash and cash equivalents at 31 Dec 102.0 132.7
Exchange gains (+) / losses (-) on cash and cash equivalents -3.4 -2.3
Cash and cash equivalents at 1 Jan 123,61) 185.8
Net decrease (-) / increase (+) in cash and cash equivalents -18.2 -50.8
1) Cash and cash equivalents at year ended 31 December, 2012 includes EUR 9.1 million investments, which have now been reclassified as Available-for-sale investments.
Comparative figures for 2012 have been restated according to the revised IAS 19 `Employee BenefitsĀ“, additional information is disclosed in the Group's accounting policies.
The notes are an integral part of these Consolidated Financial Statements.