Statement of cash flows

  For the first six months of
 (€’000)   Note 2013   of which,
related parties
 2012   of which,
related parties
Cash flows from operating activities:            
Gross cash flows from operating activities    13  62,617  -   57,668  -
Change in working capital    13  (66,445)  59,003   (83,139)  41,250
Changes in other operating assets and liabilities   13  (4,157)  27   (17,834)  (710)
Net interest paid    13  3,312  170   (1,767)  (22)
Income taxes paid   13  (14,999)  -  (6,128)  -
Cash flows used in operating activities      (19,672)  -  (51,200)  -
Cash flows from investing activities:            
Acquisitions/coverage of losses of companies, net of cash acquired     (103)  -  (375)  -
Investments in property, plant and equipment and intangible assets    (4,957)  -  (5,401)  -
Sales of property, plant and equipment and intangible assets      (123)  -  1,396  -
Sales of equity investments      -  -  840  -
Changes in non-current financial assets      33  -  -  - 
Cash flows used for strategic transactions      (631)  -  (216)  - 
Other investing activities      -  -  -  -
Cash flows used in investing activities      (5,781)  -  (3,756)   -
Cash flows from financing activities:            
Net change from other financing activities      28,776   44,770  30,241   (32,614) 
Share capital increases      -   -  2  -
Dividends paid      (28,800)  -  (28,000)  -
Other financing activities      (2)  -  9,212  -
Cash flows generated by/(used in) financing activities      (26)  -  11,455  -
Net increase/(decrease) in cash and cash equivalents     (25,479)  -  (43,501)  -
Exchange rate gains and losses, net      (2,764)  -  1,267  -
Opening cash and cash equivalents      146,837  -   160,928  -
Closing cash and cash equivalents      118,594  -   118,694  - 

 

Registered Office: 16151 Genoa Via Paolo Mantovani, 3 - 5
Paid-in Share Capital EUR 70,000,000 R.E.A. n. 421689 Register of Enterprises of Genoa Tax Code 01371160662
A Finmeccanica Company