Kemira Oyj Cash Flow Statement (FAS)

Kemira Oyj Cash Flow Statement (FAS)

(EUR)

Year ended 31 December
2013 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Operating result 141,177,720.18 68,680,077.86
Adjustments to operating result
Depreciation, amortization and impairment 34,130,718.97 29,881,605.41
Income taxes 5,809,899.08 -6,145,810.39
Finance expenses, net -147,046,343.79 -86,898,894.14
Other non-cash income and expenses not involving cash flow 63,701,307.67 -49,960,750.36
Operating profit before change in working capital 97,773,302.11 -44,443,771.62
Change in working capital
Increase () / decrease (+) in inventories 8,955,363.02 16,924,532.63
Increase (–) / decrease (+) in trade and other receivables -47,197,356.58 103,915,855.57
Increase (+) / decrease (–) in trade payables and other liabilities -5,033,556.25 37,050,721.40
Change in working capital -43,275,549.81 157,891,109.60
Cash generated from operations 54,497,752.30 113,447,337.98
Interest and other finance cost paid -47,766,225.86 -33,074,989.98
Interest and other finance income received 11,609,335.19 18,093,852.07
Realized exchange gains and losses 8,679,990.78 8,931,950.42
Dividends received 228,906,770.99 136,551,879.14
Income taxes paid -2,473,464.65 -3,279.65
Net cash generated from operating activities 253,454,158.75 243,946,749.98
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisitions of subsidiaries -24,218,481.57 -7,847,070.15
Acquisitions of associated companies, and other shares -4,084,808.00 -401,356.55
Purchase of intangible assets -16,146,329.32 -7,773,477.18
Purchase of other plant, property and equipment -8,107,154.15 -4,511,370.28
Proceeds from sale of subsidiaries and other shares 100,034,117.62 26,832,000.00
Proceeds from sale of other plant, property and equipment and intangible assets 3,245,955.74 3,789.64
Change in loan receivables, net increase (–) / decrease (+) -13,485,092.74 -28,371,943.60
Net cash used in investing activities 37,238,207.58 -22,069,428.12
Cash flow before financing 290,692,366.33 221,877,321.86
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from non-current interest-bearing liabilities (+) 0.00 70,185,247.34
Repayment from non-current interest-bearing liabilities (–) -35,245,666.37 -25,407,302.63
Short-term financing, net increase (+) / decrease (–) -131,411,404.02 -240,482,574.61
Dividends paid -80,577,701.47 -80,575,845.00
Received group contribution 12,071,000.00 68,194,000.00
Net cash used in financing activities -235,163,771.86 -208,086,474.90
Net increase (+) / decrease (–) in cash and cash equivalents 55,528,594.47 13,790,846.96
Cash and cash equivalents at 1 Jan 59,363,179.93 48,947,678.11
Exchange gains (+) / losses (–) on cash and cash equivalents 2,808,714.00 -3,375,345.14
Cash and cash equivalents at 31 Dec 117,700,488.40 59,363,179.93
Net increase (+) / decrease (–) in cash and cash equivalents 55,528,594.47 13,790,846.96