Consolidated Financial Statements - L. Possehl & Co. mbH

30
Statement of cash fl ows | Balance sheet
Consolidated Financial Statements
Consolidated statement of cash fl ows in €T
from January 1 to December 31, 2005
2005 2004
Consolidated net profi t 26,496 16,878
Write-ups/write-downs on fi xed assets 19,194 18,680
Changes in accruals and provisions -668 7,214
Other non-cash expenses and income -1,220 -578
Gains and losses from the disposal of fi xed assets -1,152 -1,572
Changes in working capital -18,612 -24,022
(1) Cash fl ow from operating activities 24,038 16,600
Proceeds from the disposal of intangible and tangible fi xed assets
Proceeds from the disposal of fi nancial investments and from the disposal
2,408 2,967
of consolidated companies and business units 10,102 28,697
Payments for investments in intangible and tangible fi xed assets
Payments for fi nancial investments and the acquisition
-17,036 -17,169
of consolidated companies and business units -22,710 -14,640
2) Cash fl ow from investing activities -27,236 -145
Payments to shareholders (including minority interests) -5,000 -3,868
Changes in bank debt 6,908 -12,667
Changes in other fi nancial claims/debt 12,365 35,250
3) Cash fl ow from fi nancing activities 14,273 18,715
Cash-relevant changes from (1) to (3) 11,075 35,170
Exchange rate, scope of consolidation and valuation related changes in fi nancial resources 1,043 -469
Cash and cash equivalents at the beginning of the year 44,558 9,857
Cash and cash equivalents at the end of the year 56,676 44,558