Parent Company's Cash Flow Statement (FAS)

€ 000

1/1/–31/12/2011

1/1/–31/12/2010

 

 

 

Cash flow from operations:

 

 

Net profit

 -1,409

2,946

Adjustments to net profit

2,607

-2,448

Change in working capital

-419

4,711

Interest paid

-728 -621

Interest income

29 11

Taxes paid

-1,265 -1,495

Net cash flow from operations

-1,183 3,104
     

Cash flow from investments:

 

 

Purchase of tangible and intangible assets

-209 -46

Acquisition of subsidiary, net of cash acquired

- -

Cash flow from investments

-209 -46

 

   

Cash flow from financing:

   

Proceeds from share issue

- 79

Acquisition of own shares

- -

Repayment of current term loans

-17,000 -4,000

Repayments of non-current loans

- -1,000

Withdrawals of current loans

4,000 -

Withdrawals of non-current loans

13,000 -
Group financing items * 1,730 4,537

Dividends paid and other profit distribution

-5,577 -2,885

Cash flow from financing

-3,847 -3,269

 

   

Change in liquid assets

-5,239 -211

 

   

Liquid assets at beginning of period

8,135 8,345

Change in liquid assets

-5,239 -211

Liquid assets at end of period

2,896 8,135
     

* Group financing items comprise changes in loans and receivables between the parent company and its subsidiaries.