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Pfleiderer Consolidated Statements of Cash Flow 2002
consolidated financial statements statement of income/statement of cash flows pfleiderer ag 71
Jan. 1 – Jan. 1 –
Dec. 31, 2002 Dec. 31, 2001
‘000 euros ‘000 euros
Cash flow from operating activities:
Results continued operations after minority interests 20,429 46,044
Changes:
Depreciation and amortization of long-lived assets 60,566 63,013
Change in accruals for pensions 2,282 2,113
Operative cash flow 83,277 111,170
Change in current assets 75,325 31,261
Change in other long-lived assets 9,133 – 13,986
Change in short-term liabilities, financial liabilities only – 13,146 11,297
Change in other long-term liabilities, financial liabilities only – 15,062 8,886
Change in adjustment item for minority interests – 5,978 1,365
Cash flow from operating activities 133,549 149,993
Cash flow from investing activities
Cash paid for investments in intangible assets – 5,694 – 9,566
Cash paid for investments in property, plant and equipment – 38,258 – 36,099
Cash paid for investments in financial assets – 792 – 701
Cash paid for acquisition of first-time consolidated companies 0 – 14,756
Cash received for disposal of intangible assets 261 4
Cash received for disposal of property, plant and equipment 7,177 10,590
Cash received for disposal of financial assets 6,480 6,761
Cash flow from investing activities – 30,826 – 43,767
Cash flow from operating activities after investing activities 102,723 106,226
Cash flow from financing activities
Change in financial liabilities – 163,254 – 16,236
Distribution to minority interests 0 – 825
Dividends paid by Pfleiderer AG – 8,537 – 8,537
Cash paid for purchase of treasury stock – 8 0
Cash flow from financing activities – 171,799 – 25,598
Change in cash and cash equivalents – 69,076 80,628
Effect of exchange rate fluctuations on cash and cash equivalents 95 2,312
Effects of discontinued operations on cash and cash equivalents 70,265 – 50,546
Effect of purchase accounting on cash and cash equivalents 1,207 0
Cash and cash equivalents at the beginning of the period 55,764 23,370
Cash and cash equivalents at the end of the period 58,255 55,764
The accompanying notes are an integral part of theses Consolidated Financial Statements.