Annual Report 2012 - Knorr-Bremse AG.
Annual Report 2012 - Knorr-Bremse AG.
Annual Report 2012 - Knorr-Bremse AG.
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CONSOLIDATED CASH FLOW STATEMENT<br />
167<br />
Consolidated Cash Flow Statement in Compliance with GAS 2<br />
(German Accounting Standard)<br />
Cash funds are comprised of the Group’s cash and cash equivalents, and marketable securities.<br />
<strong>2012</strong> TEUR 2011 TEUR<br />
Result for the period (including minority interests in consolidated<br />
295,027 329,296<br />
results)<br />
Depreciation and amortization on/Additions to intangibles and fixed<br />
159,840 164,625<br />
assets<br />
Increase in accruals 87,846 110,699<br />
Income from disposals of intangibles, fixed assets and investments 2,032 (25,542)<br />
Decrease (2011: increase) in inventories, receivables and other<br />
52,109 (70,092)<br />
assets not related to investing or financing activities<br />
Decrease (2011: increase) in payables and other liabilities not<br />
(81,460) 33,315<br />
related to investing or financing activities<br />
Cash flows from operating activities 515,394 542,301<br />
Disbursements for investments in intangible assets (8,375) (10,472)<br />
Proceeds from disposals of intangible assets 154 854<br />
Disbursements for investments in fixed assets (157,428) (148,391)<br />
Proceeds from disposals of fixed assets 3,841 36,669<br />
Disbursements for investments in financial assets (2,809) (6,855)<br />
Proceeds from disposals of financial assets 3,089 592<br />
Disbursements for the acquisition of consolidated companies and<br />
other business units<br />
Proceeds from disposals of consolidated companies and other<br />
business units<br />
(7,836) (52,423)<br />
194<br />
Cash flows from investing activities (169,170) (180,026)<br />
Proceeds from additions to shareholders’ equity 210 114<br />
Disbursements to company owners and minority shareholders (184,933) (177,415)<br />
Proceeds from borrowings 8,091 59,463<br />
Disbursements for the redemption of borrowings (10,138) (36,938)<br />
Cash flows from financing activities (186,770) (154,776)<br />
Change in cash funds resulting from exchange rate movements and<br />
changes in group structure<br />
(7,979) 12,018<br />
Changes in cash funds resulting from cash-relevant<br />
151,475 219,517<br />
transactions<br />
Cash funds at the beginning of the period 532,396 312,879<br />
Cash funds at the end of the period 683,871 532,396<br />
Interest paid out in fiscal year <strong>2012</strong> amounted to TEUR 5,832 (2011: TEUR 7,588), interest received to<br />
TEUR 10,323 (2011: TEUR 11,759). Income tax paid out in <strong>2012</strong> amounted to TEUR 116,251 (2011: TEUR<br />
111,577), tax refunds received to TEUR 6,893 (2011: TEUR 12,760).