Tamro Web Annual Report 2005 - Consolidated Cash Flow Statement of Parent Company

Consolidated Cash Flow Statement of Parent Company

(in EUR millions)

1 Feb 2005- 31 Jan 2006

1 Jan 2004- 31 Jan 2005

CASH FLOW BEFORE CHANGES IN NET WORKING CAPITAL

Operating profit

10.5

9.7

Depreciation, value adjustments and other adjustments

3.8

6.2

Financial income and expenses

0.8

9.0

Other income and expenses

-0.5

0.4

Taxes

-4.4

-2.1

10.2

23.2

CHANGE IN NET WORKING CAPITAL

Inventories, increase (-), decrease (+)

0.6

-5.0

Current receivables, increase (-), decrease (+)

17.3

-23.4

Non-interest bearing debts, increase (+), decrease (-)

-15.1

31.4

2.8

3.0

CASH FLOW FROM OPERATING ACTIVITIES

13.0

26.2

CASH FLOW FROM INVESTING ACTIVITIES

Investments in fixed assets

-18.8

-2.2

Investment in subsidiary shares

-82.4

Sale of fixed assets and other changes

0.2

-1.8

-18.6

-86.4

FREE CASH FLOW

-5.6

-60.2

CASH FLOW FROM FINANCING ACTIVITIES

Long-term receivables, increase (-), decrease (+)

0.0

257.6

Short-term receivables, increase (-), decrease (+)

99.7

-196.9

Long-term debt, increase (+), decrease (-)

0.1

-2.7

Short-term debt, increase (+), decrease (-)

23.8

81.8

Other changes

-0.1

-1.5

Dividends

-121.4

-84.7

2.1

53.6

CHANGE IN LIQUID ASSETS, INCREASE (+), DECREASE (-)

-3.5

-6.6

CASH AND CASH EQUIVALENTS, OPENING BALANCE

4.3

10.9

CASH AND CASH EQUIVALENTS, CLOSING BALANCE

0.7

4.3