CONSOLIDATED CASHFLOW
STATEMENTS
CONSOLIDATED CASHFLOWSTATEMENTS
60
SUMMARY CONSOLIDATED CASH FLOWSTATEMENT FOR 2013 AND 2012
(
Thousands Euros)
Nota
31/12/13
31/12/12*
1.
OPERATING ACTIVITIES
Consolidated profit (loss) before tax
(32,837)
(393,242)
Adjustments:
Depreciation of tangible and intangible assets (
+
)
7, 8
and 9
106,359
110,962
Impairment losses (net) (
+
/-)
6, 7, 8
and 9
(25,133)
204,003
Allocations for provisions (net) (
+
/-)
21
(6,642)
57,546
Gains/Losses on the sale of tangible and intangible assets (
+
/-)
7, 8, 9
and 27.1
(2,119)
2,357
Gains/Losses on investments valued using the equity method (
+
/-)
10
8,095
6,071
Financial income (-)
27.2
(4,176)
(3,779)
Financial expenses and variation in fair value of financial instruments (
+
)
27.6
67,963
85,247
Net exchange differences (Income/(Expense))
7,762
7,470
Change in fair value of financial instruments
25.5
(40,851)
3,549
Other non-monetary items (
+
/-)
(15,476)
19,884
Adjusted profit (loss)
62,945
100,068
Net variation in assets / liabilities:
(
Increase)/Decrease in inventories
231
5,958
(
Increase)/Decrease in trade debtors and other accounts receivable
(2,534)
7,721
(
Increase)/Decrease in other current assets
8,501
(14,771)
Increase/(Decrease) in trade payables
(1,562)
16,248
Increase/(Decrease) in other current liabilities
(13,172)
(16,186)
Increase/(Decrease) in provisions for contingencies and expenses
(959)
(121)
Income tax paid
(7,168)
(9,132)
Total net cash flow from operating activities (I)
46,282
89,785
2.
INVESTMENT ACTIVITIES
Financial income
3,758
3,779
Investments (-):
Group companies, joint ventures and associates
-
(614)
Tangible and intangible assets and investments in property
(39,601)
(53,039)
Non-current financial investments
(17,596)
-
Financial investment and other current financial assets
-
-
Other assets
-
-
(57,197)
(53,653)
Disinvestment (
+
):
Group companies, joint ventures and associates
2
141,388
-
Tangible and intangible assets and investments in property
2,412
2,105
Non-current financial investments
-
3,839
Financial investment and other current financial assets
-
-
Other assets
287
632
144,087
6,576
Total net cash flow from investment activities (II)
90,648
(43,298)
3.
FINANCING ACTIVITIES
Dividends paid out (-)
-
-
Interest paid on debts (-)
(69,248)
(65,957)
Variations in (
+
/-):
Equity instruments
-
Capital
16.1
123,309
-
-
Reserves
107,512
43
-
Treasury shares
(23,634)
-
-
Equity effect regarding convertible bonds
17
27,230
-
Debt instruments:
-
Bonds and other tradable securities (
+
)
457,641
-
-
Loans from credit institutions (
+
)
137,815
15,000
-
Loans from credit institutions (-)
(765,684)
(39,249)
-
Leases
-
-
-
Other non-current liabilities (
+
/-)
(37,585)
(5,637)
Total net cash flow from financing activities (III)
(42,644)
(95,800)
4.
GROSS INCREASE/DECREASE INCASHAND CASHEQUIVALENTS (I+II+III)
94,286
(49,313)
5.
Effect of exchange rate variations on cash and cash equivalents (IV)
1,210
475
6.
Effect of variations in the scope of consolidation (V)
-
-
7.
NET INCREASE/DECREASE INCASHAND CASHEQUIVALENTS (I+II+III-IV+VI)
93,076
(49,788)
8.
Cash and cash equivalents at the start of the financial year
40,793
90,581
9.
Cash and cash equivalents at the end of the financial year (7+8)
133,869
40,793
*
Presented solely for comparison purposes. Audited balances adjusted according to changes in IFRS 11 (please refer to Note 2.1.1)
Notes 1 to 33 set forth in the Consolidated Annual Report and Annexes I to III form an integral part of the Consolidated Cash Flow Statement for 2013.
The Consolidated Cash Flow Statement for 2012 is presented solely for the purposes of comparison.
