- 1 Consolidated income statement
- 3 Changes in equity
- 2 Consolidated balance sheet
- 4 Consolidated cash flow statement
- 5 Accounting policies
- 6 Subsidiaries
- 7 Acquisition of subsidiaries
- 8 Sales of subsidiaries
- 9 Segment information
- 10 Operating result
- 11 Financial result
- 12 Income taxes
- 13 Earnings per share
- 14 Paid and proposed dividends
- 15 Goodwill and other intangible assets
- 16 Property, plant and equipment
- 17 Goodwill impairment
- 18 Financial assets
- 19 Loans to investee companies
- 20 Inventories
- 21 Trade and other receivables
- 22 Cash and marketable securities
- 23 Outstanding capital and reserves
- 24 Pension liabilities
- 25 Provisions
- 26 Financial liabilities and trade payables
- 27 Related parties
- 28 Financial risk management
- 29 Share-based transactions
- 30 Fair value
- 31 Outstanding fund commitments
- 32 Auditor's report
- 33 Limited to statutory consolidation
4 Consolidated cash flow statement
This cash flow, which is based on the Gimv group and the majority shareholdings that the Gimv group consolidates, gives a distorted picture, because the Gimv group has no claim on the cash balances of its majority shareholdings. Gimv group is responsible solely for the value of the group's investment in the company in question.
| IFRS Statutory consolidation | 31-3-2011 | 31-3-2010 |
I. NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES |
34 743 | 57 383 |
1. Cash generated from operations |
45 643 | 65 499 |
1.1. Operating result |
133 740 | 113 773 |
1.2. Adjustment for |
-55 934 | -41 847 |
1.2.1. Interest income (-) |
-12 235 | -17 640 |
1.2.2. Dividends (-) |
-2 559 | -1 584 |
1.2.3. Realised gains on disposal of investments |
-78 146 | -41 844 |
1.2.4. Realised losses on disposal of investments |
2 336 | 8 151 |
1.2.5. Depreciation and amortisation |
36 030 | 35 306 |
1.2.6. Impairment losses |
44 827 | 7 243 |
1.2.7. Translation differences |
1 586 | - |
1.2.8. Unrealised gains (losses (-)) on financial assets at fair value through profit & loss |
-54 768 | -42 191 |
1.2.9. Increase (decrease (-)) in provisions |
673 | 9 722 |
1.2.10. Increase (decrease (-)) in pension liabilities (assets) |
730 | 2 846 |
1.2.11. Other adjustments |
5 591 | -1 857 |
1.3. Change in working capital |
-32 163 | -6 427 |
1.3.1. Increase (decrease (-)) in inventories |
-4 402 | 11 418 |
1.3.2. Increase (decrease (-)) in trade and other receivables |
-36 540 | -13 607 |
1.3.3. Increase (decrease (-)) in trade and other payables |
14 882 | 3 051 |
1.3.4. Other changes in working capital |
-6 103 | -7 289 |
2. Income taxes paid (received) |
-10 900 | -8 116 |
II. NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES |
-52 716 | -17 467 |
1. Purchase of property, plant and equipment (-) |
- | -19 955 |
2. Purchase of investment property (-) |
-21 | -34 |
3. Purchase of intangible assets (-) |
-3 330 | - |
4. Proceeds from disposal of property, plant and equipment (+) |
2 232 | 4 562 |
5. Proceeds from disposal of investment property (+) |
202 | 53 |
6. Proceeds from disposal of intangible assets (+) |
- | 617 |
7. Proceeds from disposal of financial assets at fair value through profit & loss (+) |
74 497 | 84 552 |
8. Proceeds from repayment of loans granted to investee companies (+) |
9 934 | 22 297 |
9. Investment in financial assets at fair value through profit & loss (-) |
-125 946 | -102 351 |
10. Loans granted to investee companies (-) |
-24 739 | -33 820 |
11. Net investment in other financial assets |
-27 | 15 |
12. Acquisitions of subsidiaries, associates or joint ventures, net of cash acquired (-) |
-130 | 7 882 |
13. Interest received |
12 235 | 17 640 |
14. Dividends received |
2 559 | 1 584 |
15. Government grants received |
- | - |
16. Other cash flows from investing activities |
-183 | -509 |
III. NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES |
-82 113 | -109 013 |
1. Proceeds from capital increase |
52 | - |
2. Proceeds from borrowings |
8 904 | -2 862 |
3. Proceeds from finance leases |
242 | 511 |
4. Proceeds from the sale of treasury shares |
- | - |
5. Capital repayment |
- | - |
6. Repayment of borrowings (-) |
-19 262 | -22 865 |
7. Repayment of finance lease liabilities (-) |
-4 685 | -5 396 |
8. Purchase of treasury shares (-) |
- | - |
9. Interest paid (-) |
-17 896 | -24 311 |
10. Dividends paid (-) |
-56 622 | -54 695 |
11. Other cash flows from financing activities |
7 154 | 606 |
IV. NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (I till III) |
-100 086 | -69 096 |
V. CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
345 835 | 414 932 |
VI. EFFECT OF EXCHANGE RATE DIFFERENCES ON CASH AND CASH EQUIVALENTS |
- | - |
VII. CASH AND CASH EQUIVALENTS, END OF PERIOD (IV till VI) |
245 749 | 345 835 |