Wärtsilä Corporation Annual report 2014

Note

Make a note?

Consolidated statement of cash flows
MEUR 2014 2013 Note
Cash flow from operating activities:
Net profit for the financial period 351 393
Adjustments for:
Depreciation, amortisation and impairment 119 123 8
Financial income and expenses 28 19 10
Gains and losses on sale of intangible assets and property, plant and equipment and other changes 2 -29
Share of result of associates and joint ventures -24 -22 15
Income taxes 99 113 11
Cash flow before changes in working capital 574 598
Changes in working capital:
Receivables, non-interest-bearing, increase (-) / decrease (+) -52 -64
Inventories, increase (-) / decrease (+) 206 -88 17
Liabilities, non-interest-bearing, increase (+) / decrease (-) -122 211
Changes in working capital 32 60
Cash flow from operating activities before financial items and taxes 606 658
Financial items and taxes:
Interest and other financial income 29 23
Interest and other financial expenses -36 -7
Income taxes paid -147 -97
Financial items and paid taxes -154 -81
Cash flow from operating activities 452 578
Cash flow from investing activities:
Investments in associates and joint ventures -1 15
Investments in available-for-sale financial assets -1 -4 16
Investments in property, plant and equipment and intangible assets -99 -129 13 14
Proceeds from sale of property, plant and equipment and intangible assets 14 7
Proceeds from sale of available-for-sale financial assets 16 34 16
Loan receivables, increase (-) / decrease (+), and other changes -1 13
Dividends received 1 1
Cash flow from investing activities -71 -79
Cash flow after investing activities 381 499
Cash flow from financing activities:
Contribution by non-controlling interests 16
Proceeds from non-current debt 100 153 25
Repayments and other changes in non-current debt -81 -157 25
Current loans, increase (+) / decrease (-) -18 -135
Dividends paid -211 -202
Cash flow from financing activities -210 -324
Change in cash and cash equivalents, increase (+) / decrease (-) 172 176
Cash and cash equivalents at the beginning of the financial period 388 225
Exchange rate changes 12 -13
Net change in cash effect from discontinued operations 1
Cash and cash equivalents at the end of the financial period 571 388
The notes are an integral part of these consolidated financial statements.
Figures in consolidated statement of cash flows include both continuing and discontinued operations.

Note

Make a note?

Close

For the best experience of our Annual Report, please update your browser to a newer version.