DIC Asset Aktiengesellschaft · Real estate company
Investor Relations
Cash flow
| TEUR | 2011 |
2010 |
Operating activities |
||
| Net operating profit before interest and taxes paid |
76,736 | 86,972 |
| Realised gains/losses on disposals |
-1,682 | -5,118 |
| Depreciation and amortisation |
29,788 | 30,818 |
| Movements in receivables, payables and provisions |
-754 | 536 |
| Other non-cash transactions |
-7,026 | -4,984 |
| Cash flow generated from operations |
97,062 | 108,224 |
| Interest paid |
-57,674 | -69,274 |
| Interest received |
4,143 | 4,002 |
| Income taxes paid |
-5,170 | -5,235 |
| Cash flow from operating activities | 38,361 | 37,717 |
Investing activities |
||
| Proceeds from sale of investment property |
25,339 | 255,480 |
| Disposal of subsidiaries |
0 | 10,440 |
| Aquisition of stakes in the three joint venture portfolios |
-14,544 | 0 |
| Acquisition of investment property |
-124,785 | -5,068 |
| Capital expenditure on investment property |
-15,266 | -12,107 |
| Acquisitions/disposal of other investments |
-3,661 | -25,285 |
| Loans to and from other entities |
-22,689 | -21,841 |
| Acquisitions |
-185 | -106 |
| Cash flow from investing activities | -155,791 | 201,517 |
Financing activities |
||
| Proceeds from the issue of share capital |
52,250 | 47,025 |
| Proceeds from other non-current borrowings |
70,000 | 0 |
| Repurchase/disposal of own shares |
129,351 | 7,269 |
| Repayment of borrowings |
-128,877 | -202,356 |
| Deposits |
-3,500 | 0 |
| Payment of transaction costs |
-2,840 | -950 |
| Dividends paid |
-16,002 | -11,756 |
| Cash flow from financing activities |
100,382 |
-160,768 |
| Net changes in cash and cash equivalents | -17,048 | 78,466 |
| Cash and cash equivalents at 1 January |
117,292 | 38,826 |
| Cash and cash equivalents at 31 December | 100,244 | 117,292 |