Consolidated statement of cash flows

Consolidated statement of cash flows

043

in € million

Note

2017

2016

*

Net working capital comprises inventories, trade receivables and unbilled construction contracts (net) less trade payables and advances received

Earnings before interest and taxes

 

549.4

434.8

 

 

 

 

Amortisation, depreciation and impairment charges of non-current assets

[15]

636.4

454.7

Other non-cash income (–) / expenses (+)

 

24.6

45.0

Gains (–) / losses (+) on disposal of non-current assets

 

–0.2

1.7

Changes in leased assets (excluding depreciation) and lease receivables / liabilities

[18] [22] [31]

–143.6

–120.4

Change in rental assets (excluding depreciation) and liabilities for Finance Leases

[19][34]

–205.8

–158.2

Change in net working capital*

 

–109.6

–28.6

Cash payments for defined benefit obligations

[29]

–28.2

–20.6

Change in other provisions

[32]

–4.0

4.7

Change in other operating assets / liabilities

 

33.2

–90.0

Taxes paid

 

–136.3

–108.7

Cash flow from operating activities

[37]

615.8

414.3

 

 

 

 

Cash payments for purchase of non-current assets

[37]

–218.3

–166.7

Cash receipts from disposal of non-current assets

[37]

4.0

6.4

Dividends received

 

9.3

9.6

Acquisition of subsidiaries (net of cash acquired) and other equity investments

[5][37]

–13.3

–2,118.7

Cash receipts / payments for sundry assets

 

–19.3

5.0

Cash flow from investing activities

[37]

–237.6

–2,264.3

 

 

 

 

Capital contribution from shareholders for the carried out capital increase

[37]

598.6

456.7

Capital increase from issuing of employee shares

[28]

2.3

3.2

Acquisition of treasury shares

 

–4.3

–2.8

Dividend of KION GROUP AG

 

–86.9

–76.0

Dividends paid to non-controlling interests

 

–2.7

–2.1

Cash receipts / payments for changes in ownership interests in subsidiaries without change of control

 

0.5

0.3

Financing costs paid

[37]

–7.4

–23.2

Proceeds from borrowings

[37]

2,425.3

4,362.5

Repayment of borrowings

[37]

–3,340.0

–2,618.5

Interest received

 

7.5

8.0

Interest paid

[37]

–58.1

–76.3

Cash receipts / payments from other financing activities

 

–7.3

–5.5

Cash flow from financing activities

[37]

–472.5

2,026.3

 

 

 

 

Effect of foreign exchange rate changes on cash and cash equivalents

 

–12.2

0.2

 

 

 

 

Change in cash and cash equivalents

 

–106.4

176.5

 

 

 

 

Cash and cash equivalents at the beginning of the year

[37]

279.6

103.1

Cash and cash equivalents at the end of the year

[37]

173.2

279.6