Consolidated cash flow

(EUR million)Note

31.12.2007

 

31.12.2006

 
       
Cash flows from operating activities     
 Cash receipts from customers 228.2 220.3 
 Other income from business operations 0.0 0.0 
 Cash paid to suppliers and employees -184.0 -173.7 
 Cash flow from business operations before financial items and taxes44.1 46.6 
 Interest received 3.4 2.2 
 Interest paid -0.4 -0.1 
 Other financial items, net -0.4 -3.3 
 Dividend received from business operations 0.0 0.0 
 Direct tax paid -10.8 -9.7 
Cash flow from business operations (A) 36.0 35.7 
       
Cash flow from investing activities     
 Investments in tangible and intangible assets -7.4 -7.2 
 Acquisition of subsidiary, net of cash acquired40.0 -15.7 
 Proceeds from sale of fixed assets 0.0 0.1 
 Loans granted 0.0 0.0 
 Other investments 0.0 -0.1 
 Repayments on loan receivables 0.0 0.0 
Cash flow from investing activities (B) -7.4 -22.9 
       
Cash flow from financing activities       
 Equity issue 0.0 6.1 
 Repayment of short-term loans -0.2 -0.5 
 Dividend paid and other distribution of profit -15.5 -13.4 
Cash flow from financing activities (C)  -15.7 -7.8 
       
Change in liquid funds (A+B+C) increase (+) / decrease (-) 12.9 5.0 
       
Liquid funds at beginning of period 87.3 81.4 
 Foreign exchange effect on cash -1.0 0.9 
 Net increase in cash and cash equivalents 12.9 5.0 
Liquid funds at end of period21, 2299.2 87.3