This website uses cookies to remember your personal preferences and gather statistics. Click here for more information about cookies.

Yes, I agree No, I do not agree X
Boskalis jaarverslagen 2012

Consolidated statement of cash flows

(in thousands of EUR)

 

Note

 

2015

 

2014

       

Cash flows from operating activities

      

Net group profit

   

443,530

 

492,228

Depreciation, amortization and impairment losses (in) tangible fixed assets

   

293,091

 

293,514

Impairment stake in Fugro N.V.

   

28,824

 

-

Cash flow

   

765,445

 

785,742

       

Adjustments for:

      

Finance income and costs

   

31,811

 

35,954

Income tax expense

   

87,452

 

124,163

Results from disposals

   

-3,847

 

-11,296

Movement provisions and employee benefits

   

11,389

 

-3

Movement in inventories

   

17,560

 

-454

Movement trade and other receivables

   

-57,584

 

35,744

Movement trade and other payables

   

97,285

 

-69,963

Movement due from and due to customers

   

19,250

 

109,599

Share in result of joint ventures and associated companies

   

-43,260

 

-56,411

Revaluation result reclassification of stake Fugro N.V.

   

-28,478

 

-

Cash generated from operating activities

   

897,023

 

953,075

       

Dividends received

   

69,444

 

26,964

Interest received

   

1,163

 

7,034

Interest paid

   

-31,252

 

-42,954

Income taxes paid

   

-90,904

 

-92,042

Net cash from operating activities

   

845,474

 

852,077

       

Cash flows from investing activities

      

Purchases of property, plant and equipment, excluding capitalized borrowing costs

 

[15]

 

-276,062

 

-266,028

Proceeds from disposals of property, plant and equipment

   

30,448

 

25,531

Investment in group companies, net of cash acquired

   

-

 

-43,841

Investment in additional share in Fugro N.V.

 

[5]

 

-147,062

 

-242,364

Disposal of (a part of) group companies, net of cash disposed

 

[5]

 

29,444

 

-26,292

Issued loan to a joint venture

   

-179

 

-7,153

Repayment of outstanding loan by joint venture

   

1,820

 

11,736

Net cash used in investing activities

   

-361,591

 

-548,411

       

Cash flows from financing activities

      

Proceeds from loans

   

19,253

 

318,125

Repayment of loans

   

-87,192

 

-515,749

Transaction costs paid related to raising financing

   

-

 

-3,610

Purchase of own shares

 

[22]

 

-

 

-27,724

Dividends paid to the Company's shareholders

   

-47,562

 

-37,108

Dividends paid to non-controlling interests

   

-2,037

 

-1,607

Net cash used in / from financing activities

   

-117,538

 

-267,673

       

Net increase (decrease) in cash and cash equivalents

   

366,345

 

35,993

       

Net cash and cash equivalents as at 1 January

 

[21]

 

395,436

 

354,304

       

Net increase in cash and cash equivalents

   

366,345

 

35,993

Currency translation differences

   

4,915

 

5,139

Movement in net cash and cash equivalents

   

371,260

 

41,132

       

Net cash and cash equivalents as at 31 December

 

[21]

 

766,696

 

395,436

    Added to My report add to My report