PARENT COMPANY CASH FLOW STATEMENT (1 000 €) 1.1.-31.12.2015 1.1.-31.12.2014
Cash flow from operating activities
Operating profit 45,028 65,512
Adjustments to operating profit 1) 93,181 90,751
Changes in net working capital -22,497 9,355
Interest received 2,305 3,437
Interest paid and payments for other financial expenses -2,713 -5,300
Dividends received 721 2,501
Income taxes paid -6,445 -67
Net cash from operating activities 109,582 166,188
Cash flow from investing activities
Capital expenditure on fixed assets -82,661 -110,202
Disposal of fixed assets 19,968 25,645
Subsidiaries sold 3 0
Change in other long-term investments 15,270 -4,294
Change in long-term loan receivables 649 774
Net cash from investing activities -46,771 -88,078
Cash flow before financing activities 62,811 78,111
Cash flow from financing activities
Change in long-term other receivables 138 231
Change in long-term liabilities 33 19
Change in short-term liabilities -4 -57
Group contribution 17,850 5,998
Dividends paid -100,003 -30,000
Change in funds transferred to Group accounts -2,453 7,170
Net cash from financing activities -84,440 -16,638
Change in cash and cash equivalents -21,629 61,473
Cash and cash equivalents 1.1. 320,646 259,173
Cash and cash equivalents 31.12. 299,016 320,646
1) Planned depreciations, other non-cash flow items and items showed elsewhere in cash flow.