Statement of Cash Flows

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(€ thousands) 2014 2013*
Earnings after income taxes 46,178 79,865
Depreciation and amortisation expense / Write-ups 68,357 60,291
Increase in non-current provisions 12,120 7,554
Loss on disposal of fixed assets – 3,068 – 834
Other non-cash expenses / income 746 – 4,528
Cash flow 124,333 142,348
 
Decrease / Increase in inventories – 11,334 8,168
Decrease / Increase in trade receivables and other assets – 28,910 30,490
Decrease / Increase in current provisions 2,168 – 11,541
Decrease in advances received from customers – 2,915 – 40,692
Increase in liabilities (excluding financial liabilities) 5,240 6,575
Other non-cash expenses / income (operating)
– 35,751 – 7,000
Cash flows from operating activities 88,582 135,348
 
Proceeds from disposal of intangible assets 25 25
Payments to acquire intangible assets – 9,553 – 1,719
Proceeds from disposal of property, plant and equipment 5,877 1,990
Payments to acquire property, plant and equipment – 76,494 – 53,954
Proceeds from disposal of non-current financial assets 30 80
Payments to acquire non-current financial assets – 1,518 – 3,972
Net cash flows from the acquisition and sale of consolidated companies and other business units (less acquired cash and cash equivalents) 178 – 3,161
Changes in term deposits (maturity of more than 3 and up to 12 months) – 22,406 45,003*
Other non-cash expenses / income (investing)
Cash flows from investing activities – 103,861 – 15,708*
 
Proceeds from additions to equity / Payments related to capital decreases (Notes No. 8)
Dividends paid for prior year (including non-controlling interest) (Notes No. 8) – 23,239 – 33,975
Net cash flows from financial liabilities – 13,667 11,359
Payments resulting from financial receivables – 576 286
Other non-cash expenses / income (financing)
Cash flows from financing activities – 37,482 – 22,330
 
Net change in cash and cash equivalents – 52,761 97,310*
Effects of exchange rate changes on cash and cash equivalents 10,787 – 5,039
Effects of changes in consolidated Group 803 3,139
Cash and cash equivalents at beginning of reporting period (1 Jan. 2014 / 1 Jan. 2013) 331,641* 236,231*
Cash and cash equivalents at end of reporting period (31 Dec. 2014 / 31 Dec. 2013) 290,470 331,641*
 
31 Dec. 2014 31 Dec. 2013 1 Jan. 2013
Cash and cash equivalents 290,470 331,641 236,231
Term deposits with a maturity of more than 3 and up to 12 months 126,935 101,835 150,000
Term deposits to hedge credit balances for partial retirement arrangements and long-term working hours accounts with a maturity of more than 3 and up to 12 months 15,268 17,962 14,800
Cash and cash equivalents with a maturity of under 3 months 432,673 451,438 401,031
*
Correction under IAS 8.42, see Section I. General Information on the Group

See also Section VII. Statement of Cash Flows in the Notes to the Consolidated Financial Statements.

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