Statement of Cash Flows

  For the six months ended 30 June   
(EUR thousand) 2011 of which from related parties 2010 of which from related parties
Cash flow from operating activities:        
Gross cash flow from operating activities 59,436 - 63,904 -
Change in working capital (58,772) (1,531) (24,875) 70,209
Changes in other operating assets and liabilities (30,860) (17,253) 3,866 (14)
Net finance costs paid 587 506 (2,955) 223
Income taxes paid (27,957) - (15,359) -
Net cash generated from (used in) operating activities (57,566) - 24,581 -
Cash flow from investing activities:        
Acquisitions of subsidiaries, net of cash acquired (11) - (57) -
Purchase of property, plant and equipment and intangible assets (5,968) - (4,470) -
Proceeds from sale of property, plant and equipment and intangible assets 109 - 76 -
Strategic investments (6,150) - - -
Other investing activities - - - -
Net cash used in investing activities (12,020) - (4,451) -
Cash flow from financing activities:        
Net change in other financing activities 58,478 111,480 55,353 62,351
Share capital increases 292 - - -
Dividends paid to minority shareholders (33,592) - (30,982) -
Other financing activities (25,373) - -  
Net cash generated from (used in) financing activities (195) - 24,371 -
Net increase (decrease) in cash and cash equivalents (69,781) - 44,501 -
Translation differences (1,811) - 3,187 -
Cash and cash equivalents at 1 January 153,320 - 128,541 -
Cash and cash equivalents at the end of period 81,728 - 176,229 -