Financial review 2009 Consolidated statement of comprehensive income 2009 EUR’000 2009 2008 Foreign currency translation differences for foreign operations note 4.9 1,299 (5,955) Other comprehensive income / (loss) 1,299 (5,955) Profit / (loss) 7,693 (13,783) Total comprehensive income / (loss) 8,992 (19,738) Attributable to: Equity hol<strong>de</strong>rs of the Company 8,992 (19,738) Total comprehensive income / (loss) 8,992 (19,738) The notes on page 87 are an integral part of these consolidated financial statements.
Consolidated cash flow statement 2009 EUR’000 CASH FLOWS FROM OPERATING ACTIVITIES note 2009 2008 Operating profit 67,704 57,469 Adjustments for: Amortization, <strong>de</strong>preciation and impairments 4.1+4.2 51,886 47,511 (Gain) / loss on sale of property, plant and equipment 4.1 (568) 0 Other non cash items 0 1,998 Finance income / (expense) 5.6 (37,077) (74,369) Income tax (expense) / benefit 5.7 (3,721) 3,117 Cash flows from operating activities before changes in working capital and provisions Change in: 78,224 35,726 Inventories 4.5 7,817 (8,258) Other investments, including <strong>de</strong>rivatives 4.3 4,295 (1,223) Tra<strong>de</strong> and other receivables 4.6 1,917 (10,193) Tra<strong>de</strong> and other payables 4.13 4,616 28,881 Total change in working capital 18,645 9,207 Change in other provisions and employee benefits 4.11+4.12 (1,950) (6,326) Net cash generated from operating activities 94,919 38,607 CASH FLOWS FROM INVESTING AND ACQUISITION ACTIVITIES Proceeds from sale of property, plant and equipment 4.1 3,457 1,083 Purchase of property, plant and equipment 4.1 (46,194) (35,958) Purchase of intangible assets 4.2 (2,332) (866) Purchase of other investments 4.3 (949) (48) Acquisition of subsidiary, net of cash acquired 6.1 (10,930) (1,780) Net cash used in investing and acquisition activities (56,948) (37,569) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issue of share capital 4.9 0 57,043 Divi<strong>de</strong>nds paid 4.9 (75) 0 Proceeds from / (repayment of) subordinated loans 4.10 0 69,212 Proceeds from / (repayment of) other loans and borrowings 4.10 (13,548) (97,407) Purchase of minority interest 0 (236) Net cash (used in) from financing activities (13,623) 28,612 Translation adjustment 185 (5,955) Movement in cash and cash equivalents 24,533 23,695 Cash and cash equivalents as at January 1 4.7 33,844 10,149 Cash and cash equivalents as at December 31 4.7 58,377 33,844 The notes on pages 79 to 111 are an integral part of these consolidated financial statements. page _ 66 / 67
Change language