LensCrafters 2015 Annual Report Download - page 178

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Separate financial statements as of December 31, 2015 Page 7 of 8
STATEMENT OF CASH FLOWS
(in euro) Notes
12/31/2015
of which
related
parties
12/31/2014
of which
related
parties
Income before provision for income taxes,
net of dividend income
681,527,647
1,531,484,339
644,744,918
1,365,997,070
Stock-based compensation 32
24,226,842
-
13,416,589
-
Amortization, depreciation and impairment 31
135,181,870
-
56,952,405
-
Finance expense 36
63,269,506
4,654,815
65,989,603
9,747,420
Finance income 35
(3,065,380)
(1,018,109)
(6,338,676)
(2,129,779)
Changes in accounts receivable 5
133,397,126
133,594,348
(74,228,786)
(72,617,718)
Changes in accounts payable 17
67,349,554
50,702,146
41,818,616
7,960,176
Changes in other assets/liabilities
53,787,034
16,387,615
61,888,880
5,642,342
Changes in inventories 6
(35,543,153)
-
17,180,826
-
Total non-cash adjustments
438,603,399
204,320,815
176,679,457
(51,397,559)
Interest paid
(61,720,267)
(3,393,923)
(54,296,762)
(9,747,420)
Interest received
2,923,942
668,745
5,727,202
2,129,779
Taxes paid
(275,091,837)
-
(185,841,080)
-
Dividend income 34
91,654,708
91,654,708
108,074,660
108,074,660
Total cash adjustments
(242,233,454)
88,929,530
(126,335,980)
100,457,019
A Cash generated from operating activities
877,897,592
1,824,734,684
695,088,395
1,415,056,530
(Purchase)/disposal of property, plant and equipment
§ Purchase 10
(11,666,534)
-
(14,110,915)
-
§ Disposal 10
146,064
-
120,966
-
(Purchase)/disposal of intangible assets
§ Purchase 11
(36,776,383)
-
(36,135,955)
-
§ Disposal 11
2,772,834
-
3,048,354
-
Changes in investments in subsidiaries
§ Increase 12
(83,474,493)
(83,474,493)
(243,909,104)
(243,909,104)
§ Liquidation 12
5,248,727
5,248,727
8,726,360
8,726,360
Dividends paid 24
(689,713,756)
-
(308,343,023)
-
B Cash used in investing activities
(813,463,541)
(78,225,766)
(590,603,317)
(235,182,744)
Long-term debt
§ Proceeds 21
23,861,699
-
510,492,308
§ Repayments 21
(527,373,036)
(27,211,725)
(324,083,643)
(24,078,305)
Long-term loans given
§ Disbursements 14
-
-
(2,547,273)
(2,029,338)
§ Repayments
2,761,699
-
-
-
Changing in cash pooling payable and receivable 9/20
221,245,054
221,245,054
(104,819,676)
(104,819,676)
Capital increase 24
47,679,295
-
69,986,635
-
C Cash generated from/(used in) financing activities
(231,825,289)
194,033,329
149,028,351
(130,927,319)
D Cash and cash equivalents, beginning of period
390,571,582
-
137,058,153
-
E Total cash flow generated from/(used) in period (A+B+C)
(167,391,238)
1,940,542,247
253,513,429
1,048,946,467
Cash and cash equivalents, end of period (D+E)
223,180,344
-
390,571,582
-