Alpine 2015 Annual Report Download - page 18

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- 17 -
(4) Consolidated Statements of Cash Flows
(Millions of yen)
Fiscal year ended
March 31, 2014
Fiscal year ended
March 31, 2015
Cash flows from operating activities
Income before income taxes and minority interests 12,371 16,202
Depreciation 6,100 6,682
Increase (decrease) in provision for retirement
benefits (1,364) –
Increase (decrease) in net defined benefit liability 1,892 (53)
Increase (decrease) in provision for directors’
retirement benefits (323) (293)
Interest and dividend income (563) (705)
Interest expenses 45 22
Share of (profit) loss of entities accounted for using
equity method (1,029) (675)
Loss (gain) on sales of property, plant and equipment 18 (99)
Decrease (increase) in notes and accounts receivable
- trade 1,157 1,449
Decrease (increase) in inventories 3,325 869
Increase (decrease) in notes and accounts payable -
trade (2,005) (4,075)
Increase (decrease) in provision for product
warranties 792 (469)
Other, net (646) 1,090
Subtotal 19,768 19,946
Interest and dividend income received 1,032 1,062
Interest expenses paid (46) (22)
Income taxes paid (3,288) (3,768)
Income taxes refund 555 163
Net cash provided by (used in) operating activities 18,021 17,380
Cash flows from investing activities
Purchase of property, plant and equipment (6,894) (6,854)
Proceeds from sales of property, plant and equipment 92 273
Purchase of intangible assets (775) (911)
Payments of loans receivable (3,163) (1,729)
Collection of loans receivable 4,237 1,660
Other, net (703) 31
Net cash provided by (used in) investing activities (7,206) (7,529)
Cash flows from financing activities
Purchase of treasury shares (0) (700)
Cash dividends paid (1,394) (1,738)
Proceeds from share issuance to minority
shareholders – 204
Cash dividends paid to minority shareholders – (34)
Other, net (52) (61)
Net cash provided by (used in) financing activities (1,447) (2,330)
Effect of exchange rate change on cash and cash
equivalents 3,048 1,930
Net increase (decrease) in cash and cash equivalents 12,415 9,450
Cash and cash equivalents at beginning of period 34,052 46,680
Increase (decrease) in cash and cash equivalents
resulting from change of scope of consolidation 212 –
Cash and cash equivalents at end of period 46,680 56,130