Alpine 2012 Annual Report Download - page 20

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- 19 -
(4) Consolidated Statements of Cash Flows
(Millions of yen)
Fiscal year ended
March 31, 2011
Fiscal year ended
March 31, 2012
Net cash provided by (used in) operating activities
Income before income taxes and minority interests 8,509 6,980
Depreciation and amortization 7,442 6,740
Increase (decrease) in provision for retirement benefits 83 338
Increase (decrease) in provision for directors’ retirement
benefits (25) (8)
Impairment loss – 199
Interest and dividends income (493) (479)
Interest expenses 197 113
Equity in (earnings) losses of affiliates (949) (760)
Loss (gain) on sales of property, plant and equipment (32) (29)
Decrease (increase) in notes and accounts
receivable-trade (1,395) (8,299)
Decrease (increase) in inventories (5,009) (5,640)
Increase (decrease) in notes and accounts payable-trade 1,424 11,763
Increase (decrease) in provision for product warranties 835 83
Loss (gain) on settlement and valuation of options (102) –
Other, net 5,729 1,295
Subtotal 16,213 12,296
Interest and dividends income received 876 488
Interest expenses paid (203) (85)
Income taxes paid (2,595) (3,251)
Income taxes refund 79 474
Net cash provided by (used in) operating activities 14,371 9,921
Net cash provided by (used in) investing activities
Purchase of short-term investment securities (3,000) –
Proceeds from sales of short-term investment securities 3,000 –
Purchase of property, plant and equipment (3,707) (4,783)
Proceeds from sales of property, plant and equipment 247 69
Purchase of intangible assets (1,254) (401)
Payments of loans receivable (3,659) (5,502)
Collection of loans receivable 3,020 3,014
Other, net 1,003 (107)
Net cash provided by (used in) investing activities (4,349) (7,710)
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable 7 87
Repayment of long-term loans payable (4,602) –
Cash dividends paid (697) (1,392)
Cash dividends paid to minority shareholders (13) –
Other, net (105) (76)
Net cash provided by (used in) financing activities (5,411) (1,381)
Effect of exchange rate change on cash and cash equivalents (570) (765)
Net increase (decrease) in cash and cash equivalents 4,039 63
Cash and cash equivalents at beginning of period 39,844 43,883
Cash and cash equivalents at end of period 43,883 43,947