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DES GB2013 E

DEUTSCHEEUROSHOPANNUALREPORT2013/CONSOLIDATEDFINANCIALSTATEMENTS 175 29. NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT The cash flow statement has been prepared in accordance with IAS 7 and is broken down into operating cash flow and cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities. Cash and cash equivalents consists of cash, bank balances and short-term deposits. COMPOSITION OF CASH AND CASH EQUIVALENTS 31.12.2013 31.12.2012 Cash and cash equivalents 40,810 161,006 OPERATING CASH FLOW After adjustment of the annual profit for non-cash income and expenses, operating cash flow was €129,813 thousand. All changes to cash flows from net finance costs are allocated to operating activities. CASH FLOW FROM OPERATING ACTIVITIES Changes in receivables, provisions and liabilities are allocated to cash flow from operating activities. Cash outflows from operating activities includes, among others: • interest income of €0.4 million (previous year: €0.5 million) • interest expense of €56.1 million (previous year: €62.5 million) • income taxes paid of €1.8 million (previous year: €1.0 million) • net allocations to provisions of €4.8 million (previous year: €11.2 million) CASH FLOW FROM INVESTING ACTIVITIES Cash additions/disposals of non-current assets during the year are recognised. In the year under review, investments totalling €18.1 million were made in the portfolio properties. In addition, invest- ment in operating and office equipment totalled €0.4 million. The purchase price for the shares in Altmarkt-Galerie Dresden amounted to €70.2 million and was paid at the end of April 2013. Cash and cash equivalents of €10.8 million were recognised during initial consolidation. € THOUSAND

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