Financial Information - Uralita

More documents

Recommendations

Info

FINANCIAL INFORMATION ANNUAL REPORT 2006 CONSOLIDATED CASH FLOW STATEMENT FOR THE YEARS ENDED 31 DECEMBER 2006 AND 2005 THOUSANDS OF EUROS 2006 2005 CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxes Adjustments: Operating income Depreciation of property, plant and equipment and amortization of intangible assets Deferred expenses recognized in income Allocation / (Reversal) of current provisions, net Other operating expenses Net finance costs Share of profit (loss) of companies accounted for by the equity method Loss on disposal and measurement of non-current assets Net impairment loss/ (reversal) on assets Provisions and other income or losses Net cash flows from operating activities before changes in working capital Increase / (Decrease) in inventories Increase / (Decrease) in receivables and other financial assets Increase / (Decrease) in payables Cash flows from operations Income tax paid NET CASH FLOWS FROM OPERATING ACTIVITIES 121,683 (2,927) 42,564 - 8,036 1,871 10,235 (356) (27,192) 5,898 19,521 179,333 3,446 (6,724) (30,083) 145,972 (34,542) 111,430 75,883 (1,669) 63,240 776 3,894 - 7,492 (305) (4,561) (4,085) (9,735) 130,930 2,297 46,407 (30,988) 148,646 (28,821) 119,825 CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends received Investments: • Property, plant and equipment and intangible assets • Financial assets Disposals: • Property, plant and equipment and intangible assets • Financial assets • Other non-current assets NET CASH FLOWS FROM INVESTING ACTIVITIES - 328 (58,398) (98,898) (1,433) (910) 91,468 26,774 - 194,915 180 441 31,817 122,650 CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid Interest paid Repayment of borrowings NET CASH USED IN FINANCING ACTIVITIES (30,671) (47,984) (8,290) (7,999) (91,823) (187,557) (130,784) (243,540) NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS Cash and cash equivalents at 1 January CASH AND CASH EQUIVALENTS AT 31 DECEMBER 12,463 (1,065) 10,957 12,022 23,420 10,957 The accompanying Notes 1 to 24 are an integral part of the consolidated cash flow statement for the year ended 31 December 2006. 137
ANNUAL REPORT 2006 FINANCIAL INFORMATION Notes to the Consolidated Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2006 1. CORPORATE INFORMATION Uralita, S.A. ("the Company" or "the parent company") is parent company to a Group of companies which, taken as a whole, engages in the manufacture and sale of construction industry products in the broadest sense. The Company was incorporated in Spain on 6 August 1920 in accordance with Spanish Corporation Law. Its registered office is located at Mejía Lequerica nº 10. Uralita, S.A. is required to prepare its own annual accounts and the consolidated annual accounts of the Group. 2. BASIS OF PRESENTATION AND ACCOUNTING PRINCIPLES 2.1. Basis of presentation The consolidated annual accounts of the Uralita Group for 2006 have been prepared by the Directors of the parent company at a meeting of its Board of Directors held 29 March 2007 from the Company’s accounting records and those of the rest of the companies comprising the Group to give a true and fair view of the Group’s net worth and financial situation at 31 December 2006 and the consolidated results of its operations, changes in equity and cash flows for the year then ended. The Group carries out its business through the companies detailed in Appendix I. Its main businesses, which in accordance with IAS 14 the Group has determined to be its primary segment reporting format, are the following: • Insulation • Gypsum • Roofing • Pipe Systems The financial statements have been prepared applying the accounting principles included in the International Financial Reporting Standards (IFRS) adopted by the European Union in accordance with the provisions of Regulation (CE) no. 1606/2002 of the European Parliament and of the Council of 19 July. In Spain, the obligation to present consolidated annual financial statements under EU-approved IFRS was established in the Final Disposition No 11 of 138
Page 1 and 2: ANNUAL REPORT 2006 130
Page 5 and 6: ANNUAL REPORT 2006 FINANCIAL INFORM
Page 7: ANNUAL REPORT 2006 FINANCIAL INFORM
Page 55: Typesetting and Design: ELBA Grupo

Financial Information - Uralita

Create successful ePaper yourself

Delete template?

Save as template?