Consolidated statement of cash flows

Consolidated statement of cash flows

22

in € million

Q1 2016

Q1 2015

Earnings before interest and taxes

89.0

82.1

 

 

 

Amortisation, depreciation and impairment charges of non-current assets

101.0

95.5

Other non-cash income (–) and expenses (+)

8.9

10.3

Gains (–) / losses (+) on disposal of non-current assets

0.9

0.0

Changes in leased assets (excluding depreciation) and lease receivables / liabilities

−32.9

−17.2

Change in inventories

−86.4

−75.9

Change in trade receivables / payables

1.8

−26.5

Cash payments for defined benefit obligations

−5.3

−5.1

Change in other provisions

9.1

−5.5

Change in other operating assets / liabilities

10.4

17.7

Taxes paid

−17.5

−18.2

Cash flow from operating activities

78.9

57.1

 

 

 

Cash payments for purchase of non-current assets

−27.8

−27.4

Cash receipts from disposal of non-current assets

1.1

2.8

Change in rental assets (excluding depreciation)

−46.0

−38.8

Dividends received

0.2

0.3

Acquisition of subsidiaries (net of cash acquired) and other equity investments

−27.3

−2.7

Cash receipts / cash payments for sundry assets

0.5

−10.9

Cash flow from investing activities

−99.3

−76.7

 

 

 

Cash receipts / cash payments for changes in ownership interests in subsidiaries without change of control

−0.1

Financing costs paid

−2.5

−1.8

Proceeds from borrowings

783.3

214.8

Repayment of borrowings

−735.3

−206.9

Interest received

1.5

1.0

Interest paid

−35.1

−20.2

Cash receipts from other financing activities

3.2

12.9

Cash flow from financing activities

15.2

−0.3

 

 

 

Effect of foreign exchange rate changes on cash and cash equivalents

−1.2

4.3

 

 

 

Change in cash and cash equivalents

−6.4

−15.6

Cash and cash equivalents at the beginning of the period

103.1

98.9

Cash and cash equivalents at the end of the period

96.6

83.4