LensCrafters 2010 Annual Report Download - page 123

Download and view the complete annual report

Please find page 123 of the 2010 LensCrafters annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 208

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208

|121 >
CONSOLIDATED
STATEMENT
OF CASH FLOWS
(thousands of Euro) 2010 2009
Increase in cash and cash equivalents 296,650 300,746
Cash and cash equivalents, beginning of the period 346,624 28,426
Effect of exchange rate changes on cash and cash equivalents 21,684 17,452
Cash and cash equivalents, end of the period 664,958 346,624
Supplemental disclosure of cash flows information:
Cash paid during the period for interest 115,010 94,095
Cash paid during the period for income taxes 186,045 70,839
The following is a reconciliation between the balance of cash and cash equivalents
according to the consolidated statement of cash flows and the balance of cash and cash
equivalents according to the consolidated balance sheets: – –
Cash and cash equivalents according to the consolidated statement of cash flows
(net of bank overdrafts) 664,958 346,624
Bank overdrafts 14,894 33,457
Cash and cash equivalents according to the consolidated balance sheets 679,852 380,081
(*) In accordance with IAS/IFRS.
(**) Other non–cash items include deferred taxes for Euro 31.5 million (Euro 14.2 million in 2009), gain on sale of business for Euro (8,2) million (Euro 0 million in 2009), income from the
reversal of some contingent liabilities recorded upon the sale the retail business Things Remembered, occurred in 2006 for Euro 19.9 million (Euro 0 million in 2009), other non–cash
items for Euro 1.1 million (Euro (0.4) million in 2009).
(***) Purchases of businesses – net of cash acquired include the purchase of the non–controlling interest in the Turkey subsidiady Luxottica Gözlük Endüstri ve Ticaret Anonim Sirketi for Euro
61.8 million (Euro 0 million in 2009), the purchase of the noncontrolling interest in the English subsidiary Sungluss Hut UK for Euro 32.3 million (Euro 0 million in 2009), the purchase of the
OP Pty Ltd. group in Australia for Euro 14.6 million (Euro 0 million in 2009) and other acquisitions for Euro 13.1 million (Euro 7.5 million in 2009). See notes to the consolidated fi nancial
statements.