LensCrafters 2011 Annual Report Download - page 181

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| 105 >CONSOLIDATED FINANCIAL STATEMENTS - CONSOLIDATED STATEMENT OF CASH FLOWS
(thousands of Euro) 2011 2010
Increase in cash and cash equivalents 185,997 296,650
Cash and cash equivalents, beginning of the period 664,957 346,624
Effect of exchange rate changes on cash and cash equivalents 28,078 21,684
Cash and cash equivalents, end of the period 879,032 664,958
Supplemental disclosure of cash flows information:
(thousands of Euro) 2011 2010
Cash paid during the period for interest 132,969 115,010
Cash paid during the period for income taxes 229,326 186,045
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) 879,032 664,958
Bank overdrafts 26,068 14,894
Cash and cash equivalents according to the consolidated balance sheets 905,100 679,852
(*) In accordance with IAS/IFRS.
(**) Other non-cash items include deferred taxes for Euro 15.5 million (Euro 31.5 million in 2010), gain on sale of business for Euro 0.0 million (Euro
(8.2) million in 2010), income from acquisition of business for Euro (19.3) million in 2011 (Euro 0 million in 2010), the reversal of some contingent
liabilities recorded upon the sale the retail business Things Remembered, occurred in 2006 for Euro 0.0 million (Euro (19.9) million in 2010),
other non-cash items for Euro (0.9) million (Euro 1.1 million in 2010).
(***) Purchases of businesses – net of cash acquired include the purchase of the remaining 60 percent of MOI for Euro 89.9 million. (Euro 0.0 million
in 2010), the purchase of two retail chains in Mexico for Euro 19 million (Euro 0.0 million in 2010), non-controlling interest in the Turkey subsidiary
Luxottica Gözlük Endüstri ve Ticaret Anonim Tirketi for Euro 0.0 million (Euro 61.8 million in 2010), the purchase of the non-controlling interest
in the English subsidiary Sungluss Hut UK for Euro 0.0 (Euro 32.3 million in 2010), the purchase of the OP Pty Ltd group in Australia for Euro 0.0
million (Euro 14.6 million in 2010) and other acquisitions for Euro 14.8 million (Euro 13.1 million in 2010).
See notes to the consolidated  nancial statements.