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Annual Report 2014/15Detailed Picture

AUDITED BY PwC

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Cash flow statement 1 September - 31 August

       
EUR million Note 2014/15 2013/14
       
Operating profit   232.5 195.1
       
Non-cash adjustments 5.2 57.7 53.9
Change in working capital   (8.1) (11.8)
Interest payments received   0.8 0.9
Interest payments made   (11.4) (12.5)
Taxes paid   (50.0) (49.2)
Cash flow from operating activities   221.5 176.4
       
Investments in intangible assets   (15.4) (12.2)
Investments in property, plant and equipment   (55.1) (50.6)
Sale of property, plant and equipment   0.1 1.0
Cash flow used for investing activities   (70.4) (61.8)
       
Free cash flow   151.1 114.6
       
Borrowings   90.6 405.2
Repayment of long-term loans   (8.8) (375.0)
Exercise of options   8.0 27.7
Purchase of treasury shares, net   (38.0) (80.0)
Dividends paid   (181.4) (111.6)
Non-controlling interests, dividends, etc.   (2.1) (0.3)
Cash flow used for financing activities   (131.7) (134.0)
       
Net cash flow for the year   19.4 (19.4)
       
Cash and cash equivalents at 1 September   57.6 77.5
Unrealized exchange gains/(losses) included in cash and cash equivalents   (0.6) (0.5)
Net cash flow for the year   19.4 (19.4)
Cash and cash equivalents at 31 August   76.4 57.6