Statement of Cash Flows
of the WACKER Group

Net income for the year

106.8

356.1

Depreciation and impairments/appreciation of noncurrent assets

528.8

501.0

Changes in provisions

107.6

39.2

Changes in deferred taxes

-24.4

8.1

Other non-cash expenses and income

-81.0

-45.5

Result from disposal of noncurrent assets

-2.0

0.4

Result from equity accounting and joint venture dividends

85.2

9.8

Changes in inventories

-20.4

-192.1

Changes in trade receivables

-49.2

43.0

Changes in other assets

-4.8

-45.6

Changes in other liabilities

-129.0

22.2

Changes in advance payments received

-154.4

170.4

Cash flow from operating activities (gross cash flow)

21

363.2

867.0

Investment in intangible assets, property, plant and equipment, and investment property

-942.9

-781.1

Investment in financial assets

-0.3

-18.4

Payments for loans to joint ventures and associates accounted for using the equity method

-117.8

-34.9

Proceeds from the disposal of intangible assets, property, plant and equipment

7.2

1.3

Proceeds from the disposal of investments

–

1.6

Cash flow from noncurrent investment activities before securities

-1,053.8

-831.5

Acquisition of securities

-151.3

-187.5

Disposal of securities

234.7

40.0

Cash flow from investment activities

21

-970.4

-979.0

Dividends paid

-109.3

-159.0

Dividends paid to non-controlling interests

-1.4

-1.1

Bank loans raised

505.9

262.6

Bank loans repaid

-66.1

-54.7

Other financial liabilities incurred

3.7

-0.8

Other financial liabilities repaid

-6.2

-9.6

Cash flow from financing activities

21

326.6

37.4

Changes due to exchange-rate fluctuations

-0.7

3.3

Changes in cash and cash equivalents

11

-281.3

-71.3

At the beginning of the year

473.9

545.2

At the end of the year

192.6

473.9

Additional information on payment transactions included in the cash flow from operating activities

Taxes paid

-85.2

-262.0

Interest paid

-37

-24.4

Interest received

24.2

13.2

Dividends received

2.8

2.1