IPSOS_HIGHLIGHTS_2017

Consolidated cash flow statement

In thousand euros

31/12/2017

31/12/2016

OPERATING ACTIVITIES

NET PROFIT

129,076

109,758

ITEMS WITH NO IMPACT ON CASH FLOW Amortisation and depreciation of property, plant and equipment and intangible assets

24,910

25,970

Net profit of equity associated companies - net of dividends received

(217)

46

Losses/(Gains) on asset disposals

(43)

2,481

Net change in provisions

(511) 9,549 (778)

(12,702)

Share-based payment expense Other non-cash income/(expenses)

9,737

978

Acquisition costs of consolidated companies

178

1,325

Finance costs

20,380 14,636

20,811 44,347

Income tax expense

OPERATING CASH FLOW BEFORE FINANCIAL EXPENSES AND TAX PAID

197,182

202,752

Changes in working capital requirement

(37,771) (21,245) (38,975)

22,819 (20,351) (38,046)

Interest paid

Income tax paid

CASH FLOW FROM OPERATING ACTIVITIES

99,191

167,174

INVESTMENT ACTIVITIES Acquisitions of property, plant and equipment and intangible assets Proceeds from disposals of property, plant and equipment and intangible assets

(17,518)

(17,631)

285

133

(Increase)/Decrease of financial assets

(1,201) (2,212)

(1,070) 23,900

Acquisitions of companies and consolidated activities, net of acquired cash

CASH FLOW FROM INVESTMENT ACTIVITIES

(20,647)

5,332

FINANCING ACTIVITIES Increase/(Decrease) in capital

-

(225)

(Purchase)/Proceeds of treasury shares Increase/(Decrease) in long-term borrowings

6,399

(85,050) (1,688)

(53,315)

Increase/(Decrease) in bank overdrafts and short-term debt

86

491

Purchase of minority interests

(12,785) (36,414)

(33,312) (36,358)

Dividends paid to parent company shareholders

Dividends paid to minority shareholders of consolidated companies

-

(431)

CASH PROVIDED BY FINANCING ACTIVITIES

(96,030)

(156,575)

NET CHANGE IN CASH

(17,485) (10,140) 164,892 137,267

15,932 (2,615) 151,576 164,892

Impact of foreign exchange rate movements

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR

23

Ipsos - Highlights 2017