DIC Asset Aktiengesellschaft · Real estate company
Investor Relations
Cash flow
| TEUR | 2012 |
2011 |
Operating activities |
||
| Net operating profit before interest and taxes paid |
74,403 |
71,625 |
| Realised gains/losses on disposals |
-3,765 |
-1,682 |
| Depreciation and amortisation |
33,522 |
29,788 |
| Movements in receivables, payables and provisions |
-1,949 |
-754 |
| Other non-cash transactions |
3,413 |
-3,948 |
| Cash flow generated from operations |
105,624 |
95,029 |
| Interest paid |
-61,440 |
-57,674 |
| Interest received |
1,605 |
4,143 |
| Income taxes paid |
-1,894 |
-3,137 |
| Cash flow from operating activities | 43,895 | 38,361 |
Investing activities |
||
| Proceeds from disposals of investment property |
76,016 |
25,339 |
| Aquisition of three joint venture portfolios |
0 |
-14,544 |
| Acquisition of investment property |
-61,550 |
-124,785 |
| Capital expenditure on investment property |
-20,942 |
-15,266 |
| Acquisitions/disposal of other investments |
-7,795 |
-3,661 |
| Loans to and from other entities |
-17,838 |
-22,689 |
| Acquisitions of office furniture and equipment |
-231 |
-185 |
| Cash flow from investing activities | -32,340 | -155,791 |
Financing activities |
||
| Proceeds from the issue of share capital |
0 |
52,250 |
| Proceeds from the issue of corporate bonds |
16,905 |
70,000 |
| Proceeds from other non-current borrowings |
39,151 |
129,351 |
| Repayment of borrowings |
-91,974 |
-128,877 |
| Deposits |
-2,000 |
-3,500 |
| Payment of transaction costs |
-1,181 |
-2,840 |
| Dividends paid |
-16,002 |
-16,002 |
| Cash flow from financing activities |
-55,101 |
100,382 |
| Net changes in cash and cash equivalents | -43,546 |
-17,048 |
| Cash and cash equivalents at 1 January |
100,244 |
117,292 |
| Cash and cash equivalents at 31 December | 56,698 | 100,244 |