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Annual Report 2014/15Detailed Picture

AUDITED BY PwC

Sub

Cash flow statement 1 September - 31 August

       
EUR million Note 2014/15 2013/14
       
Operating profit   0.4 0.7
       
Non-cash adjustments 5.2 (34.1) 3.2
Change in working capital   (1.7) (2.8)
Interest payments received   12.6 14.0
Interest payments made   (12.3) (3.7)
Dividends received   167.3 130.9
Taxes paid   (2.6) (5.5)
Cash flow from operating activities   129.6 136.8
       
Investments in intangible assets   (0.2) (0.2)
Investments in subsidiaries   (16.3) (78.4)
Cash flow used for investing activities   (16.5) (78.6)
       
Free cash flow   113.1 58.2
       
Dividends paid   (181.4) (111.6)
Exercise of options   8.0 27.7
Purchase of treasury shares, net   (38.0) (80.0)
Repayment to/from Group companies   (31.7) 17.6
Long-term loans   130.0 86.8
Cash flow used for financing activities   (113.1) (59.5)
       
Net cash flow for the year     - (1.3)
       
Cash and cash equivalents at 1 September   1.6 2.9
Net cash flow for the year     - (1.3)
Cash and cash equivalents at 31 August   1.6 1.6