Tamro Web Annual Report 2006/07 - Consolidated Cash Flow Statement of Parent Company

Consolidated Cash Flow Statement of Parent Company

(in EUR millions)

1 Feb 2006- 31 Jan 2007

1 Feb 2005- 31 Jan 2006

Operating profit

10.3

10.5

Depreciation, value adjustments and other adjustments

3.6

3.8

Financial income and expenses

-0.3

0.8

Other income and expenses

-0.1

-0.5

Taxes

-1.7

-4.4

CASH FLOW BEFORE CHANGES IN NET WORKING CAPITAL

11.8

10.2

Inventories, increase (-), decrease (+)

-2.8

0.6

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

10.7

17.3

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

13.7

-15.1

CHANGE IN NET WORKING CAPITAL

21.6

2.8

CASH FLOW FROM OPERATING ACTIVITIES

33.4

13.0

Investments in tangible and intangible assets

-3.3

-18.8

Proceeds from disposal of tangible and intangible assets and financial investments

56.3

0.2

CASH FLOW FROM INVESTING ACTIVITIES

53.0

-18.6

FREE CASH FLOW

86.4

-5.6

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

0.0

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

-4.0

99.7

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

-0.1

0.1

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

-5.4

23.8

Other changes

0.4

-0.2

Dividends

-68.7

-121.4

CASH FLOW FROM FINANCING ACTIVITIES

-77.8

2.0

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

8.6

-3.6

CASH AND CASH EQUIVALENTS, OPENING BALANCE

0.7

4.3

CASH AND CASH EQUIVALENTS, CLOSING BALANCE

9.3

0.7