EXEL industries - 2019 Universal Registration Document
Consolidated fi nancial statements 4 Consolidated statement of cash fl ows
Consolidated statement of cash fl ows
4.4
Notes
09/30/2018
09/30/2019
(in € thousands)
A. Cash fl ows from operating activities Net income attributable to the Group
4,096
39,218
Attributable to non-controlling interests
3
3
- Share in earnings of equity-method associates
(258)
(410)
+ Allowances for depreciation of fi xed assets
15,182
15,079
+ Net allowances for provisions and asset impairments (1)
9,276
(3,277)
- Net gains on disposals of fi xed assets
2,066
(133)
Operating cash fl ows
30,365
50,481
Net working capital (+ use, - source)
23
(9,258)
43,347
Net cash fl ow provided by operating activities c (3)
39,623
7,134
B. Cash fl ows from investing activities Purchases of fi xed assets c (2)
(10,268)
(19,280)
Proceeds from the sale of fi xed assets
366
567
Impact of changes in Group structure
-
-
CASH BUDGETED FOR CAPITAL EXPENDITURES
(9,902)
(18,713)
C. Cash fl ows from fi nancing activities Increase in share capital and premium
-
-
Net dividends paid in the fi scal year
(7,739)
(10,384)
Increase in borrowings
7,485
15,811
Repayment of borrowings
(15,921)
(30,142)
Change in Treasury shares
(73)
(29)
CASH FROM FINANCING ACTIVITIES
(16,248)
(24,744)
D. E ff ect of foreign exchange rates on cash
1,493
(1,426)
NET CHANGE IN CASH AND CASH EQUIVALENTS (A + B + C + D)
14,966
(37,749)
Net cash and cash equivalents at beginning of the fi scal year
32,945
70,695
Net change during the fi scal year
14,966
(37,749)
NET CASH AND CASH EQUIVALENTS AT CLOSE OF THE FISCAL YEAR
47,911
32,945
Marketable securities
3
76
Cash and Cash equivalent
88,960
78,854
Current bank facilities and overdrafts
(41,052)
(45,985)
NET CASH AND CASH EQUIVALENTS AT CLOSE OF THE FISCAL YEAR
47,911
32,946
(1) Excluding current asset provisions
(2) Purchases are net of changes in payables on fi xed assets.
(3) Of which interest expense paid
4,541
4,108
and of which corporate income tax paid (or refunded)
15,978
9,821
EXEL Industries Group I 2019 Universal Registration Document
58
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