Statement of cash flows (FAS)

STATEMENT OF CASH FLOWS (FAS)
     
EUR 1 Jan–31 Dec 2017 1 Jan–31 Dec 2016
Cash flow from operations    
Profit before appropriations and taxes 63 491 664.32 6 765 595.28
Adjustments    
Depreciation and reduction of values 4 711 944.36 2 972 953.39
Financial income and expenses -63 086 108.02 -18 976 716.52
Other adjustments -14 323 663.19 -
Other non-cash items -101 650.30 -3 032 937.41
Cash generated from operations before net working capital -9 307 812.83 -12 271 105.26
     
Change in working capital    
Change in current receivables 18 230 024.50 -2 942 934.39
Change in current non-interest-bearing liabilities 166 032 634.06 -7 864 888.57
Cash generated from operations 174 954 845.73 -23 078 928.22
     
Interest expenses paid and other financial expenses -18 611 043.32 -14 277 137.62
Interest income received 10 787 730.68 11 382 172.35
Dividend received and equity refund 66 514 017.67 23 124 808.69
Income taxes paid -229 534.38 -11 311 094.93
Net cash flow from operations 233 416 016.38 -14 160 179.73
     
Cash flow from investing activities    
Purchase of tangible and intangible assets -5 586 732.99 -11 488 871.43
Proceeds from sale of tangible and intangible assets 214 520.00 -
Acquisition of Group companies and business operations -993 772.36 -5 621 835.91
Proceeds from sale of Group companies 15 568 071.00 58 902.81
Loans granted -106 696 981.30 -5 284 600.11
Proceeds from repayments of loans 66 662 490.53 8 463 082.59
Total net cash used in investing activities -30 832 405.12 -13 873 322.05
     
Cash flow from financing activities    
Dividends paid -101 000 681.25 -99 361 904.85
Proceeds from issurance of share capital - 782 860.22
Conveyance of own shares 432 763.55 1 010 361.17
Proceeds from short-term borrowings 1 661 071 287.25 661 492 416.88
Repayments in short-term borrowings -1 614 343 805.53 -647 547 178.36
Change in intercompany cash pool, net -188 837 696.16 4 934 106.39
Group contributions received 47 200 000.00 38 150 000.00
Total net cash used in financing activities -195 478 132.14 -40 539 338.55
     
Change in cash and cash equivalents 7 105 479.12 -68 572 840.33
     
Cash and cash equivalents at beginning of period 28 099 538.00 96 672 378.50
Cash and cash equivalents at end of period 35 205 017.12 28 099 538.17
  7 105 479.12 -68 572 840.33