Annual Report 2020

Consolidated cash flow statement

From January 1 to December 31, 2020, in EUR ’000
2020
1. Cash flows from operating activities
Profit for the period (consolidated net loss including profit and loss applicable to non-controlling interests) -433,748
+/– Depreciation, amortization, and write-downs of fixed assets / reversals of write-downs of fixed assets 641,869
+/– Increase / decrease in provisions 33,609
+/– Other non-cash expenses / income -16,860
–/+ Increase / decrease in inventories, trade receivables, and other assets not related to investing or financing activities 64,934
+/– Increase / decrease in trade payables and other liabilities not related to investing or financing activities 236,142
–/+ Gain / loss on disposal of fixed assets 5,064
+/– Interest expense / interest income 108,009
- Other investment income -1,200
Income of exceptional size and incidence -90,000
+ Expenditure of exceptional size and incidence 347,075
+/– Interest payments / receipts related to interest other than for the provision of capital 1,922
+/– Income tax expense / income 92,383
+ Cash receipts relating to income of exceptional size and incidence 90,000
Cash payments relating to expenditure of exceptional size and incidence -102,632
–/+ Income taxes paid -100,044
876,523
2. Cash flows from investing activities
+ Proceeds from disposal of intangible fixed assets 1,565
Payments to acquire intangible fixed assets -12,918
+ Proceeds from disposal of tangible fixed assets 15,198
Payments to acquire tangible fixed assets -432,587
+ Proceeds from disposal of long-term financial assets 4,230
Payments to acquire long-term financial assets -3,803
Payments to acquire entities included in the basis of consolidation -67,433
+ Cash receipts from the investment of cash funds for short-term cash management 28,966
Cash payments from the investment of cash funds for short-term cash management -7,344
+ Interest received 6,006
+ Dividends received 4,053
-464,067
3. Cash flows from financing activities
+ Proceeds from capital contributions by minority shareholders 857
+ Proceeds from the issuance of bonds and from borrowings 240,198
Cash repayments of bonds and borrowings -283,304
+ Proceeds from grants / subsidies received 7,635
Interest payment due to leasing agreements -22
Interest paid -75,462
Dividends paid to shareholders of the parent entity -5,340
Dividends paid to minority shareholders -17,554
-132,992
4. Cash funds at end of period
Net change in cash funds (subtotals 1 – 3) 279,464
+/– Effect on cash funds of exchange rate movements and remeasurements 55,563
+ Cash funds at beginning of period 428,815
763,842
Cash in hand, bank balances, and checks 567,238
Bank balances with an initial term of more than 3 months -4,026
+ Liabilities to banks with an initial term of less than 3 months -134,397
Cash funds at beginning of period  428,815
thereof from quota-consolidated entities 1,878
Cash-in-hand, bank balances, and checks 870,580
Bank balances with an initial term of more than 3 months -4,622
+ Liabilities to banks with an initial term of less than 3 months -102,116
Cash funds at end of period 763,842
thereof from quota-consolidated entities 20,425
The short-term liabilities which were netted against cash balances contained EUR 74,750k (previous year: EUR 89,659k) that were related to short-term liabilities based on a committed credit line with a remaining tenor of more than one year.
Cash funds amounting to EUR 724k that are restricted on disposal are included.