Wärtsilä Corporation Financial statements bulletin 2014

        

Consolidated statement of cash flows
MEUR 2014 2013
Cash flow from operating activities:
Net profit for the financial period 351 393
Adjustments for:
Depreciation, amortisation and impairment 119 123
Financial income and expenses 28 19
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
Income taxes 99 113
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
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
Investments in available-for-sale financial assets -1 -4
Investments in property, plant and equipment and intangible assets -99 -129
Proceeds from sale of property, plant and equipment and intangible assets 14 7
Proceeds from sale of available-for-sale financial assets 16 34
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
Repayments and other changes in non-current debt -81 -157
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
Figures in consolidated statement of cash flows include both continuing and discontinued operations.

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