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Quarterly statement of cash flows 2016



Table_77 Quarterly summary statement of cash flows 2015

(€ in thousands, quarterly data unaudited) Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016
Operating result -4,313 12,752 953 -498 8,894
           
Financial gains/(losses) 954 -553 -1,960 2,794 1,235
Depreciation, amortisation and impairment 29,870 30,941 32,140 39,052 132,003
Change in provisions -3,217 4,805 -2,422 10,483 9,649
Equity-settled stock compensation expense 947 987 816 525 3,275
Change in working capital:          
Change in inventories -8,132 6,020 -10,535 6,830 -5,817
Change in receivables and prepayments 11,672 -58,744 19,192 42,063 14,183
Change in current liabilities (excluding provisions)1 -44,046 38,499 22,571 -22,325 -5,301
CASH GENERATED FROM OPERATIONS -16,265 34,707 60,755 78,924 158,121
           
Interest received 42 44 42 57 185
Interest paid -264 -338 -364 -261 -1,227
Corporate income taxes (paid)/received -1,870 -1,151 -6,695 -3,046 -12,762
CASH FLOWS FROM OPERATING ACTIVITIES -18,357 33,262 53,738 75,674 144,317
           
Investments in intangible assets -21,304 -25,678 -27,489 -21,973 -96,444
Investments in property, plant and equipment -7,735 -4,558 -4,409 -4,439 -21,141
Acquisition of subsidiaries and other businesses -2,331 0 0 0 -2,331
Dividend received 0 80 50 60 190
CASH FLOWS FROM INVESTING ACTIVITIES -31,370 -30,156 -31,848 -26,352 -119,726
           
Repayment of borrowings -4,287 0 0 0 -4,287
Change in utilisation of credit facility 20,000 13,000 -30,000 -38,000 -35,000
Change in non-controlling interest 0 0 -98 0 -98
Dividends paid 144 -271 -11 0 -138
Proceeds on issue of ordinary shares 1,235 6,433 1,255 1,116 10,039
CASH FLOWS FROM FINANCING ACTIVITIES 17,092 19,162 -28,854 -36,884 -29,484
           
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS -32,635 22,268 -6,964 12,438 -4,893
Cash and cash equivalents at the beginning of period 147,565 114,630 136,391 129,262 147,565
Effect of exchange rate changes on cash balances held in foreign currencies -300 -507 -165 827 -145
CASH AND CASH EQUIVALENTS AT THE END OF PERIOD 114,630 136,391 129,262 142,527 142,527
 
1. Includes movements in the non-current portion of deferred revenue presented under Non-current liabilities.