|
|
|
|
(in thousands of euros) |
| |
2008 |
|
2007 |
|
| |
of which related parties |
|
of which related parties |
|
| |
Income from continuing operations before taxes |
(403) |
|
379 |
|
|
| |
Income from discontinued operations |
63 |
|
68 |
|
|
| |
Amortization, depreciation / impairment losses/reversals of intangible assets and property, plant and equipment |
222 |
|
219 |
|
|
| |
Gain from discontinued operations |
(73) |
|
(41) |
|
|
| |
Reversal Financial income/expenses |
30 |
|
42 |
|
|
| |
Reversal Loss of value of participations |
275 |
|
34 |
|
|
| |
Reversal Dividends |
(31) |
|
(34) |
|
|
| |
Reversal Result of financial assets at fair value |
1 |
|
20 |
|
|
| |
Share of earnings (losses) of associates and joint ventures (net of dividends received) |
205 |
|
46 |
|
|
| |
Income taxes |
(73) |
|
(123) |
|
|
| |
Change in inventories |
(145) |
|
25 |
|
|
| |
Change in trade receivables/payables |
96 |
|
(85) |
|
|
| |
Change in other receivables/payables |
(79) |
|
105 |
|
|
| |
Change in employee benefit obligations and other provisions |
(29) |
|
(109) |
|
|
| |
Other changes |
16 |
|
10 |
|
|
| A |
Net cash flows provided by (used for) operating activities |
76 |
|
554 |
|
|
| |
Investments in property, plant and equipment |
(311) |
|
(287) |
|
|
| |
Disposals of property, plant and equipment |
34 |
|
15 |
|
|
| |
Investments in intangible assets |
(26) |
|
(17) |
|
|
| |
Disposals of intangible assets |
95 |
|
5 |
|
|
| |
Acquisitions of investments in associates and joint ventures |
(171) |
|
(263) |
|
|
| |
Disposals of investments in associates and joint ventures |
31 |
|
3,355 |
|
|
| |
Speed Spa acquisition |
(434) |
|
- |
|
|
| |
Net cash flow from discontinued operations |
70 |
|
38 |
|
| |
Acquisitions of other financial assets |
(96) |
|
(156) |
|
|
| |
Disposal of other financial assets |
32 |
|
17 |
|
|
| |
Dividends received |
31 |
|
34 |
|
|
| |
Net investment in business combinations |
(1) |
|
(386) |
|
|
| B |
Net cash flows provided by (used for) investing activities |
(747) |
|
2,356 |
|
|
| |
Change in share capital and share premium reserve |
13 |
|
7 |
|
|
| |
Other changes in equity |
- |
|
(54) |
|
|
| |
Change in financial payables |
(409) |
(219) |
(1,288) |
|
|
| |
Change in financial receivables |
(66) |
|
(52) |
|
|
| |
Change in financial payables/receivables for acquisitions |
(401) |
|
395 |
|
|
| |
Financial income/expenses (net of gains on avail.-for-sale fin. assets ) |
(54) |
|
(97) |
|
|
| |
Dividends paid |
(168) |
(23) |
(74) |
|
|
| C |
Net cash flows provided by (used for) financing activities |
(1,084) |
|
(1,162) |
|
|
| |
|
|
|
|
|
| D |
Total cash flows provided by (used for) during the year (A+B+C) |
(1,755) |
|
1,748 |
|
|
| |
|
|
|
|
|
| E |
Net cash and cash equivalents, at beginning of the year |
2,010 |
|
259 |
|
|
| |
|
|
|
|
|
| F |
Exchange differences on translation of cash and cash equivalents |
(28) |
|
3 |
|
|
| |
|
|
|
|
|
| G |
Net cash and cash equivalents, at end of the year ( D+E+F) (°) |
227 |
|
2,010 |
|
|
| |
|
|
|
|
|
| |
(*) of which: |
|
|
| |
cash |
254 |
|
2,058 |
|
|
| |
bank overdrafts |
(27) |
|
(47) |
|
|
The consolidated statement of cash flows shows transactions with related parties that cannot be directly deduced from the other statements.
Consolidated Free Cash Flow