|
(EUR thousands) |
2014 |
2013 |
|
Loss of the period |
-87,543 |
-223,931 |
|
Adjustments for: |
|
|
|
Income tax |
-2,492 |
31,893 |
|
Depreciation of tangible and intangible assets and investment property |
119,619 |
117,106 |
|
Bargain purchase |
0 |
-5,532 |
|
Impairment, consumption, destruction of PP& E, intangible assets and investment property |
-1,219 |
76,089 |
|
(Gain)/loss from the sale of fixed assets |
-89 |
-754 |
|
Impairment loss on inventories and receivables |
2,144 |
2,808 |
|
(Gain)/ loss on sale of financial assets |
0 |
-1,096 |
|
(Gain)/ loss of investments and derivatives fair value |
378 |
950 |
|
Fair value (profits)/loss of other financial assets at fair value through profit or loss |
0 |
2,829 |
|
Interest income |
-7,974 |
-8,736 |
|
Interest expenses |
103,041 |
94,896 |
|
Income from dividends |
-980 |
-223 |
|
Depreciation of grants |
-4,089 |
-4,368 |
|
Share of profit of equity-accounted investees, net of tax |
-2,206 |
-2,525 |
|
Foreign exchange differences |
812 |
747 |
|
|
119,403 |
80,151 |
|
|
|
|
|
Changes in working capital |
|
|
|
(Increase) / decrease in inventories |
-87,328 |
56,878 |
|
(Increase)/decrease in receivables |
-70,33 |
37,319 |
|
Increase/(decrease) in liabilities |
136,425 |
27,097 |
|
Increase/(decrease) in provisions |
3,463 |
3,721 |
|
Increase/(decrease) in employee benefits |
489 |
-1,181 |
|
|
-17,279 |
123,834 |
|
|
|
|
|
Cash flows from operating activities |
102,124 |
203,986 |
|
|
|
|
|
Cash flows from operating activities |
|
|
|
Cash flows from operating activities |
102,124 |
203,986 |
|
Interest paid |
-110,327 |
-99,175 |
|
Income tax paid |
-10,872 |
-10,699 |
|
Net cash flows from/(used in) operating activities |
-19,075 |
94,112 |
|
|
|
|
|
Cash flows from investing activities |
|
|
|
Acquisition of PP&E, investment property and intangible assets |
-195,996 |
-154,374 |
|
Proceeds from sale of PP&E, investment property and intangible assets |
817 |
4,579 |
|
Acquisition of subsidiary, net of cash acquired |
-2,289 |
-103 |
|
Dividends received |
3,571 |
2,786 |
|
Acquisition of available-for-sale financial assets |
-147 |
-10,215 |
|
Proceeds from Sale of available-for-sale financial assets |
16,221 |
12,514 |
|
Purchase of financial assets at fair value through profit or loss |
-1,1 |
-25,002 |
|
Proceeds from Sale of financial assets at fair value through profit or loss |
0 |
23,1 |
|
Interest received |
7,747 |
8,421 |
|
Proceeds from Collection of grants |
8,371 |
12,403 |
|
Acquisition of non controlling interests |
0 |
-2,138 |
|
Acquisition of subsidiary net of cash acquired-Cofidin |
0 |
7,198 |
|
Acquisition of subsidiary net of cash acquired-Viohalco SA |
-1,526 |
163 |
|
Net cash (from)/used in investing activities |
-164,330 |
-120,667 |
|
|
|
|
|
Cash flows from financing activities |
|
|
|
Proceeds from new borrowings |
338,791 |
1,028,531 |
|
Repayment of borrowings |
-226,873 |
-971,457 |
|
Payment of finance lease liabilities |
-87 |
-784 |
|
Dividends paid |
-3,888 |
-547 |
|
Proceeds/payments from share capital increase (portion of minority) |
889 |
0 |
|
Other |
0 |
-40 |
|
Net cash flows from financing activities |
108,832 |
55,704 |
|
Net (decrease)/ increase in cash and cash equivalents |
-74,574 |
29,149 |
|
Cash and cash equivalents at beginning of period |
173,401 |
144,251 |
|
Effects of movements in exchange rates on cash held |
785 |
0 |
|
Cash and cash equivalents at end of period |
99,612 |
173,401 |
