1. Annual report 2014
  2. Board of Directors' Report
  3. Financial statements
  4. Parent Company Cash Flow Statement
  • Supervisory Board
  • Risk management
  • Insider administration
  • Audit
  • Internal audit
  • Remuneration
  • VR City Traffic
  • Properties
  • Conductor
  • For the investor
    • PARENT COMPANY CASH FLOW STATEMENT (€) 1.1.-31.12.2014 1.1.-31.12.2013
    Cash flow from operating activities
    Operating profit 65,511,820 60,243,893
    Planned depreciations 107,935,380 105,568,163
    Other non-cash flow items -17,184,346 -29,397,423
    Cash flow before change in net workin capital 156,262,854 136,414,632
    Change in inventories -5,553,712 -337,652
    Change in short-term receivables 13,692,182 -10,556,430
    Change in short-term liabilities 1,216,587 -28,139,005
    Change in net working capital 9,355,057 -39,033,087
    Interest paid -5,300,066 -2,659,523
    Dividends received 2,500,696 4,198,773
    Interest received 3,436,797 2,929,857
    Income taxes paid -66,890 -81,681
    Cash flow from financial items and taxes 570,537 4,387,425
    Net cash from operating activities 166,188,448 101,768,970
    Cash flow from investing activities
    Capital expenditure on fixed assets -110,201,737 -147,055,681
    Disposals of fixed assets 25,644,925 80,742,131
    Subsidiaries/business operations sold 0 15,944,135
    Change in other long-term investments -4,294,317 -21,011,298
    Granted loans 0 0
    Repayment of loan receivables 773,572 10,397,504
    Net cash from investing activities -88,077,557 -60,983,210
    Cash flow before financing activities 78,110,891 40,785,760
    Cash flow from financing activities
    Dividends paid -30,000,000 0
    Change in long-term receivables 193,785 5,166,272
    Group contributions received 5,998,100 4,106,000
    Change in funds transeferred to group accounts 7,170,294 7,389,067
    Net cash from financing activities -16,637,821 16,661,339
    Change in cash and cash equivalents 61,473,071 57,447,099
    Cash and cash equivalents 1.1. 259,172,680 201,725,581
    Cash and cash equivalents 31.12. 320,645,751 259,172,680