Cash Flow Statement
1 October to 30 September
|
in EUR thousand |
2009/2010 |
2008/2009 |
|
Net income after tax |
27,759 |
1,160 |
|
Income tax |
14,098 |
914 |
|
Interest and similar income/expenses, net |
8,348 |
11,147 |
|
Depreciation, amortisation and impairments |
21,800 |
31,235 |
|
EBITDA |
72,005 |
44,457 |
|
Change in inventories |
35,250 |
54,299 |
|
Change in trade receivables |
–20,840 |
48,062 |
|
Change in trade payables |
10,816 |
–33,181 |
|
Change in advance payments made/received, net |
–35,507 |
–25,379 |
|
Gain/loss on disposal of assets |
327 |
507 |
|
Income from investments accounted for using the equity method |
–3,979 |
–2,043 |
|
Dividends received from investments accounted for using the equity method |
2,794 |
236 |
|
Change in other financial/non-financial assets |
–2,940 |
3,239 |
|
Change in other financial/non-financial liabilities |
–20,162 |
–6,081 |
|
Cash flow from operating activities before interest and tax |
37,764 |
84,115 |
|
Interest received |
2,273 |
2,991 |
|
Interest paid |
–2,745 |
–4,794 |
|
Income tax paid |
–14,023 |
–20,545 |
|
Cash flow from operating activities |
23,268 |
61,767 |
|
Purchase of intangible assets and property, plant and equipment |
–17,203 |
–18,823 |
|
Proceeds from disposal of assets |
975 |
486 |
|
Cash flow from investing activities |
–16,228 |
–18,337 |
|
Free cash flow (FCF) before financing* |
7,040 |
43,430 |
|
Payments/proceeds from loans and borrowings |
–2,368 |
637 |
|
Dividends paid |
– |
–29,642 |
|
Cash flow from financing activities |
–2,368 |
–29,005 |
|
Effect of foreign exchange rate changes on free cash flow |
220 |
–18 |
|
Net increase/decrease in cash and cash equivalents |
4,893 |
14,407 |
|
Cash and cash equivalents as at 1 October |
103,689 |
90,003 |
|
Effects of foreign exchange rate changes on cash on hand |
4,842 |
–721 |
|
Cash and cash equivalents at 30 September |
113,423 |
103,689 |
|
Of which restricted |
3,006 |
2,271 |
|
Free cash flow before financing, interest and tax payments* |
21,536 |
65,779 |
|
* The Demag Cranes Group uses FCF and FCF before financing, interest and tax payments to show the amounts available either for distribution for shareholders or to fund other financial needs. |
||
Further information on the Consolidated Cash Flow Statement is provided in Note 30.
