Sennheiser 2012 Annual Report Download - page 44

Download and view the complete annual report

Please find page 44 of the 2012 Sennheiser 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 46

  • 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

8786
NOTES ON THE CONSOLIDATED FINANCIAL STATEMENTS 2012
NOTES ON THE CONSOLIDATED FINANCIAL STATEMENTS 2012
(€ IN THOUSANDS) 2012 PREVIOUS YEAR
Payment received from disposals of items of fixed assets 823 626
Investments (–) in tangible assets –14,539 –10,616
Payment received from disposals of intangible assets 11 0
Investments (–) in intangible assets –1,746 –1,675
Payment received from disposals of financial assets 7 0
Investments (–) in financial assets 0 –8
Payments (–) for the acquisition of consolidated companies –5,679 0
Cash flow from investment activities –21,123 –11,673
Other changes in shareholders’ funds excluding net profits
for the year
Cash flow from financing activities –15,589 –7,084
Changes in cash and cash equivalents 891 46,705
Change in cash and cash equivalents resulting from foreign
exchange and valuation effects
–200 407
Cash and cash equivalents at the start of the period 75,522 28,410
Cash and cash equivalents at the end of the period 76,213 75,522
COMPOSITION OF FINANCIAL FUNDS Dec. 31, 2012 PREVIOUS YEAR
Cash and cash equivalents 69,109 70,997
Ongoing obligations (–) to credit institutions –49 –353
Receivables from the cash pool 7,196 4,919
Obligations from the cash pool (–) –43 –41
76,213 75,522
CASH FLOW STATEMENT FOR THE FINANCIAL YEAR 2012
(€ IN THOUSANDS) 2012 PREVIOUS YEAR
Results of the year, including the shares of profits of
minority shareholders
43,494 45,682
Depreciation on items of fixed assets 13,144 13,834
Depreciation on current assets exceeding the usual depreciation 0 2,585
Increase in medium- and long-term provisions 2,220 2,071
Increase (–)/decrease in indemnity claims –231 100
Changes in the special items –6 –6
Rate fluctuations (+/–) relating to fixed assets 279 –423
Cash earnings according to DVFA/SG principles 58,900 63,843
Decrease (–)/increase in short-term provisions –231 969
Loss from the disposals of items or fixed assets 44 278
Increase in inventories, trade receivables and other assets that are
not allocated to the investment or financing activities
–24,893 –45
Increase in trade payables and other liabilities that are not allocated
to the investment or financing activities
3,783 417
Cash flow from current business activities 37,603 65,462