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 |