DIC Asset Aktiengesellschaft · Real estate company

DIC Asset
DIC Asset
DIC Asset
DIC Asset
DIC Asset

CONSOLIDATED STATEMENT OF CASH FLOW
from 1 January to 31 December

in EUR thousand 2019 2018
OPERATING ACTIVITIES    
Net operating profit before interest and taxes paid 112,449 78,399
Realised gains/losses on disposals of investment property -40,516 -18,646
Depreciation and amortisation 34,242 29,577
Changes in receivables and other assets 7,087 34,420
Other non-cash transactions -3,618 -20,909
Cash generated from operations 109,644 102,841
     
Interest paid -36,926 -41,476
Interest received 19 1,118
Income taxes received/paid -7,896 -629
Cash flows from operating activities 64,841 61,854
     
INVESTING ACTIVITIES    
Proceeds from disposal of investment property 175,973 100,053
Dividends received 13,043 10,200
Acquisition of investment property -254,710 -103,190
Capital expenditure on investment properties -48,992 -23,398
Acquisition/disposal of other investments 310,256 53,388
Investment in business combination -222,208 0
Loans to other entities 11,613 -12,420
Acquisition/disposal of office furniture and equipment, software -139 -151
Cash flows from investing activities -15,164 24,482
     
FINANCING ACTIVITIES    
Proceeds from issuing of corporate bond/promissory notes 180,000 201,000
Proceeds from other non-current borrowings 224,105 304,630
Repayment of borrowings -206,904 -377,340
Repayment of corporate bonds -175,000 -100,000
Lease payments -2,268 0
Payment of transaction costs -1,476 -5,547
Dividends paid -17,703 -24,561
Cash flows from financing activities 754 -1,818
     
Acquisition related increase in cash and cash equivalents 13,902 388
Net changes in cash and cash equivalents 50,431 84,518
Cash and cash equivalents as at 1 January 286,903 201,997
Cash and cash equivalents as at 31 December 351,236 286,903