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Quarterly statement of cash flows 2015

Table_77 Quarterly summary statement of cash flows 2015

 
 
(€ in thousands, quarterly data unaudited) Q1 2015 Q2 2015 Q3 2015 Q4 2015 FY 2015
Operating result -5,069 579 4,887 203 600
           
Financial gains / (losses) 1,970 1,974 -6,586 278 -2,364
Depreciation, amortisation and impairment 26,493 27,262 27,805 41,536 123,096
Equity-settled stock compensation expense -3,709 -1,116 -1,250 9,863 3,788
Change in provisions 946 1,124 672 -18,128 -15,386
Change in working capital:          
Change in inventories 823 -1,547 -5,776 8,968 2,468
Change in receivables and prepayments 13,211 -44,668 -3,838 17,257 -18,038
Change in current liabilities (excluding provisions)1 -46,562 44,301 33,021 -1,645 29,115
CASH GENERATED FROM OPERATIONS -11,897 27,909 48,935 58,332 123,279
           
Interest received 116 173 103 112 504
Interest paid -239 -315 -347 -57 -958
Corporate income taxes (paid) / received -1,209 20 -2,031 -830 -4,050
CASH FLOWS FROM OPERATING ACTIVITIES -13,229 27,787 46,660 57,557 118,775
           
Investments in intangible assets -18,791 -22,120 -23,369 -21,874 -86,154
Investments in property, plant and equipment -5,162 -5,026 -7,371 -4,018 -21,577
Acquisition of subsidiaries and other businesses 0 -16,961 -500 -29,190 -46,651
Dividend received 0 0 105 62 167
CASH FLOWS FROM INVESTING ACTIVITIES -23,953 -44,107 -31,135 -55,020 -154,215
           
Change in utilisation of credit facility -10,000 5,000 -15,000 15,000 -5,000
Change in non-controlling interest 0 -126 0 0 -126
Proceeds on issue of ordinary shares 11,198 15,680 3,035 4,484 34,397
CASH FLOWS FROM FINANCING ACTIVITIES 1,198 20,554 -11,965 19,484 29,271
           
NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS -35,984 4,234 3,560 22,021 -6,169
Cash and cash equivalents at the beginning of period 152,949 117,367 121,627 124,427 152,949
Effect of exchange rate changes on cash balances held in foreign currencies 402 26 -760 1,117 785
CASH AND CASH EQUIVALENTS AT THE END OF PERIOD 117,367 121,627 124,427 147,565 147,565
 
1. Includes movements in the non-current portion of deferred revenue presented under Non-current liabilities.