1. Annual report 2014
  2. Board of Directors' Report
  3. Financial statements
  4. Consolidated Cash Flow Statement
  • Supervisory Board
  • Risk management
  • Insider administration
  • Audit
  • Internal audit
  • Remuneration
  • VR City Traffic
  • Properties
  • Conductor
  • For the investor
    • CONSOLIDATED CASH FLOW STATEMENT (1 000 €) 1.1.-31.12.2014 1.1.-31.12.2013
    Cash flow from operating activities
    Operating profit 90,378 70,595
    Adjustments to operating profit 1) 97,320 90,885
    Changes in net working capital 12,588 -29,812
    Interest received 2,929 2,959
    Interest paid and payments for other financial expenses -5,116 -3,121
    Dividends received 15 240
    Income taxes paid -2,726 -1,997
    Net cash from operating activities 195,387 129,748
    Cash flow from investing activities
    Capital expenditure on fixed assets -125,884 -157,222
    Disposal of fixed assets 30,620 85,973
    Subsidiaries/business operations sold 0 15,944
    Change in other long-term investments -4,294 -21,011
    Change in long-term receivables 256 5,059
    Net cash from investing activities -99,302 -71,257
    Cash flow from financing activities 96,085 58,492
    Cash flow from financing activities
    Change in long-term liabilities -303 0
    Change in short-term liabilities -88 -171
    Dividends paid -30,000 0
    Net cash from financing activities -30,392 -171
    Change in cash and cash equivalents 65,693 58,321
    Cash and cash equivalents 1.1. 265,303 206,982
    Cash and cash equivalents 31.12. 330,996 265,303
    1) Planned depreciations, other non-cash flow items and items showed elsewhere in cash flow.