EXEL Industries // 2020 Universal registration document

Consolidated fi nancial statements 5 Consolidated statement of cash fl ows

Consolidated statement of cash fl ows

5.4

Notes

09/30/2019

09/30/2020

(in € thousands)

A. Cash fl ows from operating activities Net income attributable to owners of the parent

(10,687)

4,096

Attributable to non-controlling interests

4

3

- Share in earnings of equity-method associates

169

(258)

+ Allowances for depreciation of fi xed assets

22,404

15,182

+ Net allowances for provisions and asset impairments (1)

(4,739)

9,276

+ Goodwill impairment

26,282

-

- Net gains on disposals of fi xed assets

(28)

2,066

Operating cash fl ows

33,404

30,365

Net working capital (+ use, - source)

(20,462)

(9,258)

23

Net cash fl ow provided by operating activities (3)

53,866

39,623

B. Cash fl ows from investing activities Purchases of fi xed assets (2)

(11,043)

(10,268)

Proceeds from the sale of fi xed assets

258

366

Impact of changes in Group structure

(48,405)

-

CASH BUDGETED FOR CAPITAL EXPENDITURES

(59,190)

(9,902)

C. Cash flows from financing activities Increase in share capital and premium

-

-

Net dividends paid in the fi scal year

-

(7,739)

Increase in borrowings

40,042

7,485

Repayment of borrowings

(29,590)

(15,921)

Repayment of lease liabilities

(5,816)

-

Change in Treasury shares

(33)

(73)

CASH FROM FINANCING ACTIVITIES

(4,603)

(16,248)

D. E ff ect of foreign exchange rates on cash

1,922

1,493

NET CHANGE IN CASH AND CASH EQUIVALENTS (A + B + C + D)

(2,643)

14,966

Net cash and cash equivalents at beginning of the fi scal year

47,911

32,945

Net change during the fi scal year

(2,642)

14,966

NET CASH AND CASH EQUIVALENTS AT CLOSE OF THE FISCAL YEAR

45,269

47,911

Marketable securities

3

3

Cash and Cash equivalent

99,289

88,960

Current bank facilities and overdrafts

(54,022)

(41,052)

NET CASH AND CASH EQUIVALENTS AT CLOSE OF THE FISCAL YEAR

45,269

47,911

(1) Excluding current asset provisions.

(2) Purchases are net of changes in payables on fi xed assets.

(3) Of which interest paid

3,545

4,541

and of which corporate income tax paid (or refunded).

(1,473)

15,978

EXEL Industries group I 2020 Universal Registration Document

56