| (Values in €/000) | Note | 2013 | 2012 (§) |
|---|---|---|---|
| Cash and cash equivalents | 14 | 876,983 | 155,912 |
| Current account facilities | 16 | (82,819) | (92,143) |
| Total opening cash and cash equivalents | 794,164 | 63,769 | |
| Operating activities | |||
| Profit for the year | 113,829 | 739,323 | |
| Amortisation of intangible assets | 28 | 2,997 | 1,002 |
| Depreciation of property, plant and equipment | 28 | 14,136 | 30,824 |
| Net impairment losses and provisions | 28 | 8,942 | (4,885) |
| Accrual for post-employment benefits and employee benefits | 19 | 6,563 | 5,956 |
| Net (gains) losses on the sale of assets | 27–28 | (1,094) | (2,148) |
| Deferred taxes and national tax consolidation system | 31 | 1,533 | (11,740) |
| Impairment losses on equity investments | 30 | 16,698 | 231,764 |
| Dividends distributed by subsidiaries | (3,390) | (901,665) | |
| Other non-monetary items | (3,937) | 13,102 | |
| of which: non-recurring | |||
| Total income statement | 156,277 | 101,533 | |
| Decrease (increase) in inventories | 55,582 | (157,118) | |
| Decrease (increase) in trade receivables | (101,519) | (71,566) | |
| Decrease (increase) in intragroup loans and receivables | 26,983 | 93,058 | |
| (Decrease) increase in progress payments and advances from clients | 62,194 | (11,111) | |
| (Decrease) increase in trade payables | (48,916) | 24,586 | |
| (Decrease) increase in intragroup payables | (10,295) | 208,235 | |
| Decrease (increase) in other assets/liabilities | (81,992) | (22,264) | |
| of which: cash flows from related party transactions | 32 | (5,061) | (981) |
| Total operating cash flows | (97,963) | 63,820 | |
| Cash flows from operating activities | 58,314 | 165,353 | |
| Investing activities | |||
| Net investments in intangible assets | |||
| Acquisition of the Cociv share | (20,015) | ||
| Investments in property, plant and equipment | 1 | (1,933) | (17,119) |
| Proceeds from the sale or reimbursement value of property, plant and equipment | 5,104 | 8,367 | |
| Investments in non-current financial assets | (46,402) | (20,579) | |
| Dividends received from subsidiaries | 2,725 | 765,043 | |
| Proceeds from the sale or reimbursement value of non-current financial assets | 44,012 | 16,821 | |
| Cash flows from (used in) investing activities | (16,509) | 752,533 | |
| Financing activities | |||
| Share capital increase | |||
| Dividend distribution | 15 | (602,238) | (36,641) |
| Increase in bank and other loans | 72,901 | 39,555 | |
| Decrease in bank and other loans | (88,407) | (188,437) | |
| Change in other financial assets/liabilities | 635 | (1,968) | |
| Cash flows from (used in) financing activities | (617,109) | (187,491) | |
| Increase (decrease) in cash and cash equivalents | (575,304) | 730,395 | |
| Cash and cash equivalents | 14 | 304,032 | 876,983 |
| Current account facilities | 16 | (85,172) | (82,819) |
| Total closing cash and cash equivalents | 218,860 | 794,164 | |
| Other information: | |||
| Income taxes paid during the year | (59,486) | (6,468) | |
| Net interest paid during the year | (17,566) | (23,699) |
(§) Figures restated following the application of IAS 19 revised.