TomTom 2005 Annual Report Download - page 59

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59
Consolidated฀statements฀of฀cash฀flows฀of฀TomTom฀NV฀
for฀the฀years฀ended฀December฀31
฀ Notes฀ 2004฀ 2005
(in฀
฀thousands)
Cash฀flow฀from฀operating฀activities
Operating฀profit฀ ฀ 43,437฀ 195,077
Adjustments฀for฀non-cash฀items:฀ ฀
฀ Depreciation฀of฀property,฀plant฀and฀equipment฀ ฀ 836฀ 1,844
฀ Amortisation฀of฀intangible฀assets฀ ฀ 292฀ 1,579
฀ Foreign฀exchange฀results฀ ฀ -451฀ 8,679
฀ Additions฀to฀provisions฀ ฀ 324฀ 20,888
฀ Additions฀to฀stock฀compensation฀reserve฀ 18฀ 2,511฀ 8,974
Changes฀in฀working฀capital:฀ ฀
฀ Increase฀in฀inventories฀ ฀ -11,184฀ -89,782
฀ Increase฀in฀receivables฀and฀prepayments฀ ฀ -23,677฀ -121,710
฀ Increase฀in฀current฀liabilities฀ ฀ 32,376฀ 76,928
฀ ฀
Cash฀generated฀from฀operations฀ ฀ 44,464฀ 102,477
Interest฀received฀฀ ฀ 169฀ 3,136
Corporate฀income฀taxes฀paid฀ ฀ -8,387฀ -62,528
฀ ฀
Net฀cash฀flow฀from฀operating฀activities฀ ฀ 36,246฀ 43,085
฀ ฀
Cash฀flow฀used฀in฀investing฀activities
฀ ฀
Investments฀in฀intangible฀assets฀ ฀ -653฀ -16,464
Investments฀in฀property,฀plant฀and฀equipment฀ ฀ -2,321฀ -4,957
฀ ฀
Total฀cash฀flow฀used฀in฀investing฀activities฀ ฀ -2,974฀ -21,421
฀ ฀
Cash฀flow฀from฀financing฀activities
฀ ฀
Proceeds฀on฀issue฀of฀ordinary฀shares฀฀ ฀ 0฀ 116,546
฀ ฀
Total฀cash฀flow฀from฀financing฀activities฀ ฀ 0฀ 116,546
฀ ฀
Net฀increase฀in฀cash฀and฀cash฀equivalents฀ ฀ 33,272฀ 138,210
Cash฀and฀cash฀equivalents฀at฀beginning฀of฀period฀ ฀ 6,895฀ 40,167
Cash฀and฀cash฀equivalents฀at฀end฀of฀period฀฀ ฀ 40,167฀ 178,377
฀ ฀