(Values in thousands of euros)
| Note | H1 2014 | H1 2013 (§) | |
|---|---|---|---|
| Cash and cash equivalents | 15 | 908,631 | 371,252 |
| Current account facilities | 18 | (126,624) | (37,289) |
| Total opening cash and cash equivalents | 782,007 | 333,963 | |
| Operating activities | |||
| Net profit attributable to owners of the parent and non-controlling interest from continuing operations | 19,911 | 197,136 | |
| Amortization of intangible assets | 32 | 15,307 | 1,088 |
| Amortization of rights to infrastructure under concession | 32 | 369 | 186 |
| Depreciation of property, plant and equipment | 32 | 63,106 | 52,824 |
| Net impairment losses and provisions | 32 | 1,981 | 3,755 |
| Accrual for post-employment benefits and employee benefits | 32 | 5,782 | 3,394 |
| Net (gains) losses on the sale of assets | (3,643) | (694) | |
| Deferred taxes | 35 | 6,734 | (6,304) |
| Share of loss of equity-accounted investees | 34 | (5,022) | (203,531) |
| Other non-monetary items | 81,007 | (22,707) | |
| Cash flow from operating activities | 185,532 | 25,147 | |
| Decrease (increase) in inventories | (292,946) | (85,09) | |
| Decrease (increase) in trade receivables | 17,24 | (137,927) | |
| Decrease (increase) in intragroup loans and receivables | 26,842 | 8,315 | |
| (Decrease) increase in progress payments and advances from customers | (25,792) | (86,95) | |
| (Decrease) increase in trade payables | (57,835) | 3,317 | |
| (Decrease) increase in intragroup payables | 25,42 | 128,006 | |
| Decrease (increase) in other assets/liabilities | (55,930) | 50,636 | |
| SICAD 2 impact on items within working capital (*) | (183,689) | ||
| Total change in working capital | (546,690) | (119,693) | |
| Cash flows generated (used) in operations | (361,158) | (94,546) | |
| Investing activities | |||
| Net investments in intangible assets | 2 - 3 | (8,518) | (67,265) |
| Acquisitions, net of cash acquired | (6,083) | ||
| Investments in property, plant and equipment | 1-16 | (90,322) | (61,965) |
| Proceeds from the sale or reimbursement value of property, plant and equipment | 16,466 | 4,24 | |
| Investments in non-current financial assets | 4 | (2,928) | (25,976) |
| Dividends and capital repayments from equity-accounted investees | 4 | 427 | 441 |
| Proceeds from the sale or reimbursement value of non-current financial assets | (16) | 75 | |
| Cash flows generated (used) in investing activities | (84,891) | (156,533) | |
| Financing activities | |||
| Share capital increase | 17 | 161,46 | - |
| Dividends distributed | (420) | (12,979) | |
| Increase in bank and other loans | 222,475 | 621,323 | |
| Decrease in bank and other loans | (403,606) | (271,02) | |
| Change in other financial assets/liabilities | 80,321 | (35,559) | |
| Change in consolidation scope | (1,394) | 171,829 | |
| Cash flows generated (used) in financing activities | 58,836 | 473,594 | |
| Net cash flows generated (used) in discontinued operations | 16 | 76,462 | (18,676) |
| Net exchange rate losses on cash and cash equivalents | 130,108 | 7,563 | |
| Increase (decrease) in cash and cash equivalents | (180,643) | 211,402 | |
| Cash and cash equivalents | 15 | 645,061 | 683,047 |
| Current account facilities | 18 | (43,697) | (137,682) |
| Total closing cash and cash equivalents | 601,364 | 545,365 |
(§) Figures restated following the application of the new IFRSs - please see section "Effects of the application of the new financial reporting standards". Furthermore, the income statement data was reclassified in accordance with IFRS 5 following the decision to hold Todini Costruzioni Generali and Fisia Babcock Environment available for sale.
(*) The overall effect of the application of SICAD 2, described in the Directors' report and in the explanatory notes in the "Foreign currency translation of the assets and liabilities related to Venezuela" section, amounted to €55 million.