2007 - April
2007 - April
2007 - April
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1.0<br />
APRIL GROUP statutory financial statements at December 31 st , <strong>2007</strong><br />
Cash-flow statement<br />
In thousand euros <strong>2007</strong> 2006 2005<br />
CASH POSITION AT YEAR-START 25,790 34,159 47,456<br />
Cash-flow 100,169 34,055 35,785<br />
Of which, dividends received from subsidiaries 94,246 34,418 39,303<br />
CHANGE IN WORKING CAPITAL REQUIREMENTS -4,205 -392 4,246<br />
NET CASH-FLOW FROM HOLDING COMPANY COORDINATION ACTIVITIES 121,754 33,663 40,031<br />
INVESTMENT OPERATIONS<br />
Acquisition of intangible fixed assets -249 -2 -48<br />
Acquisition of tangible fixed assets -44 -80 -62<br />
Disposal of tangible and intangible fixed assets 1 42<br />
Acquisition of equity securities -180,581 -14,461 -23,457<br />
Disposal of equity securities 25,182 85 9,190<br />
Acquisition of other long-term investments -124,519 -44,550 -40,257<br />
Disposal of other long-term investments 162,841 27,615 8,148<br />
NET CASH-FLOW FROM INVESTMENT OPERATIONS -117,370 -31,392 -46,444<br />
FINANCING OPERATIONS<br />
Sum received for capital increase linked to exercising of stock options 1,402 2,752 2,010<br />
Dividends paid out to parent company shareholders -16,227 -13,392 -8,894<br />
Loans drawn down 30,000 0 0<br />
Loans paid back<br />
NET CASH-FLOW FROM FINANCIAL OPERATIONS 15,175 -10,640 -6,884<br />
CASH POSITION AT YEAR-END 19,559 25,790 34,159<br />
Of which :<br />
Marketable securities 18,230 24,023 33,722<br />
Treasury stock classified as marketable securities 967 1,369 363<br />
Cash and cash equivalents 362 398 74<br />
153<br />
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