FINANCIAL STATEMENTS 2010 - Finnlines

CASH FLOW STATEMENT, PARENT COMPANY, FAS
EUR 1 Jan-31 Dec 2010 1 Jan-31 Dec 2009
Cash flows from operating activities
Result for the reporting period 0.00 0.00
Adjustments for:
Depreciation, amortisation & impairment loss 29,890,879.90 13,241,767.70
Gains (-) and Losses (+) of disposals of fixed assets and other non-current assets -291,487.55 -9,544.76
Unrealised foreign exchange gains (-) and losses (+) 97,561.80
Other non-cash items -7,519,907.20
Financial income and expenses 16,735,891.85 7,942,214.13
Income taxes -19.41 -62.72
Other adjustments -3,959,530.59 -42,177,689.03
34,855,827.00 -20,905,752.88
Changes in working capital:
Change in inventories, addition (-) and decrease (+) 679,265.10 -2,735,135.26
Change in accounts receivable, addition (-) and decrease (+) -1,734,239.16 -11,909,626.12
Change in accounts payable, addition (+) and decrease (-) 15,034,611.60 15,315,682.55
48,835,464.54 -20,234,831.71
Interest paid -26,501,326.46 -35,570,666.46
Dividends received 761,661.60
Interest received 9,681,223.97 26,416,717.85
Other financing items -1,782,031.30 -1,516,456.75
Income taxes paid 11,495.97 -2,325.47
-18,590,637.82 -9,911,069.23
Net cash generated from operating activities 30,244,826.72 -30,145,900.94
Cash flows from investing activities
Investments in tangible and intangible assets -33,151,063.25 -112,880,946.70
Proceeds from sale of tangible and intangible assets 379,138.56 211,205.72
Acquisition of subsidiaries, net of cash acquired -97,286.32 -433,547.52
Disposal of subsidiaries 115.40 206.460.60
Disposal of associated companies 1,650,000.00
Purchase of investments -251,134.00
Proceeds from sale of investments 7,440.80
Proceeds from repayments of loan receivables 17,608,804.08 132,359,880.51
Net cash used in investing activities -13,602,850.73 19,211,918.61
Net cash before financing activities 16,641,975.99 -10,933,982.33
Cash flows from financing activities
Proceeds from issue of share capital 33,709,934.50
Proceeds from short-term borrowings 33,744,462.53 10,133,913.25
Repayment of short-term borrowings -33,479,605.04 -25,724,875.65
Proceeds of long-term borrowings 48,721,130.44 27,148,560.90
Repayment of long-term borrowings -65,224,539.86 -76,555,188.45
Hybrid bond 20,905,500.00
Hybrid bond repayment -20,905,500.00
Group contribution received 1,613,139.00 42,177,689.03
Net cash used in financing activities -14,625,412.93 10,890,033.58
Change in cash and cash equivalents 2,016,563.06 -43,948.75
Cash and cash equivalents on 1 Jan 2,518,097.41 2,562,046.16
Cash and cash equivalents in intra-group reorganisations 76,028.56
Cash and cash equivalents on 31 Dec 4,610,689.03 2,518,097.41
(figures in EUR thousand, if not stated otherwise)
FINNLINES PLC Financial Statements 2010
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