Annual report - HSE

5.4.4 Consolidated cash flow statement
in €
5 Financial Report of HSE Group
Annual Report HSE 2012
166
Item no. Item 2012 2011
A. CASH FLOWS FROM OPERATING ACTIVITIES
a) Items of income statement 168,972,633 133,802,117
Operating revenue (except from revaluation) and 1,844,345,680 1,354,779,496
financial income from operating receivables
Operating revenue (except from revaluation and (1,666,360,984) (1,194,232,263)
amortisation/depreciation) and financial expenses for
operating liabilities
Income taxes and other taxes not included in operating expenses (9,012,063) (26,745,116)
b) Changes in net operating assets in statement of financial position items (12,923,963) 1,703,341
Opening less closing operating receivables (61,266,763) (47,632,525)
Opening less closing other assets (1,117,598) (39,147)
Opening less closing deferred tax assets 1,360,649 (472,448)
Opening less closing assets (disposal groups) held for sale 3,274 (3,274)
Opening less closing inventories (2,285,745) 1,068,825
Closing less opening operating liabilities 53,797,236 54,538,913
Closing less opening other liabilities and provisions (3,450,053) (5,768,409)
Closing less opening deferred tax liabilities 35,037 11,406
c) Net cash from operating activities 156,048,670 135,505,458
B. CASH FLOWS FROM INVESTING ACTIVITIES
a) Cash receipts from investing activities 21,791,014 23,694,020
Cash receipts from interest 840,691 1,526,945
Cash receipts from dividends and shares in profits of others 879 523
Cash receipts from intangible assets (including advances) 14,067 619,244
Cash receipts from property, plant and equipment (including advances) 638,811 607,560
Cash receipts from investment property (including advances) 11,700 21,377
Cash receipts from short-term loans 8,076,979 20,429,670
Cash receipts from other long-term investments 207,887 488,701
Cash receipts from other short-term investments 12,000,000 0
b) Cash disbursements for investing activities (315,482,696) (359,818,894)
Cash disbursements to acquire intangible assets (including advances) (9,148,159) (20,548,497)
Cash disbursements to acquire property, plant and equipment (288,952,423) (318,666,285)
(including advances)
Cash disbursements from short-term loans granted (4,968,970) (18,491,488)
Cash disbursements from investments in subsidiaries, (152,621) (348,717)
associates and jointly controlled companies
Cash disbursements from other long-term investments (260,523) (1,763,907)
Cash disbursements from other short-term investments (12,000,000) 0
c) Net cash from investing activities (293,691,682) (336,124,874)
C. CASH FLOWS FROM FINANCING ACTIVITIES
a) Cash receipts from financing activities 356,233,098 407,599,511
Cash receipts from paid-in capital 924,000 2,765,800
Cash receipts from long-term loans received 562,144 197,214,363
Cash receipts from short-term loans received 354,746,954 207,619,348
b) Cash disbursements from financing activities (278,554,560) (232,280,577)
Interest paid on loans received (11,515,625) (8,309,626)
Cash disbursements from long-term loans received (42,357,168) (41,560,579)
Cash disbursements from short-term loans received (204,681,767) (182,410,372)
Cash disbursements from dividends and shares in profits (20,000,000) 0
c) Net cash from financing activities 77,678,538 175,318,934
D. CASH AND CASH EQUIVALENTS AT THE BEGINNING OF PERIOD 67,007,238 92,708,791
Effects of changes in exchange rates on cash and cash equivalents (247,567) (401,071)
Increase/(decrease) of cash and cash equivalents (59,964,474) (25,300,482)
E. CASH AND CASH EQUIVALENTS AT THE END OF PERIOD 6,795,197 67,007,238
* The accompanying notes are an integral part of the financial statements and should be read in conjunction with them.