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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