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.