| (EUR 1 000) |
1-12/2009 |
1-12/2008 |
| OPERATING CASH FLOW |
|
|
| Cash receipts from customers |
129 302 |
158 974 |
| Operating expenses paid |
-126 232 |
-143 861 |
| Operating cash flow before financial items and taxes |
3 070 |
15 113 |
| INTEREST AND PAYMENT PAID FOR FINANCIAL EXPENSES |
-632 |
-1 131 |
| Interest received |
197 |
228 |
| Income taxes paid |
-557 |
-5 055 |
| OPERATING CASH FLOW (A ) |
2 078 |
9 155 |
| |
|
|
| INVESTING CASH FLOW |
|
|
| Purchase of tangible and intangible
assets |
-139 |
-1 774 |
| Disposals of subsidiaries |
93 |
0 |
| Acquisition of subsidiaries |
-966 |
-7 582 |
| Proceeds from sale of tangible and
intangible assets |
30 |
60 |
| Loan receivables, increase |
-977 |
0 |
| Proceeds from sale of investments |
3 |
47 |
| INVESTING CASH FLOW (B ) |
-1 956 |
-9 249 |
| Cash flow after investments (A+B) |
122 |
-94 |
| |
|
|
| FINANCING CASH FLOW |
|
|
| Purchase of own shares |
-44 |
-2 523 |
| Short-term loans, increase |
0 |
3 437 |
| Short-term loans, decrease |
-3 251 |
0 |
| Long-term loans, increase |
2 528 |
2 544 |
| Hybrid loan, increase |
10 000 |
0 |
| Long-term loans, decrease |
-3 112 |
-4 007 |
| Dividend paid and other profit distribution |
-1 574 |
-4 225 |
| FINANCING CASH FLOW (C ) |
4 547 |
-4 774 |
| |
|
|
VARIATION IN WORKING CAPITAL (A +
B + C)
INCREASE (+)/DECREASE (-) |
4669 |
-4868 |
| |
|
|
| Assets in the beginning of the period |
1 879 |
7 243 |
| Exchange gains or losses on cash
and bank equivalents |
102 |
-496 |
| Assets at the end of the period |
6 650 |
1 879 |
