Statement of Cash Flows
of the WACKER Group
   
  For the Period January 1 to December 31
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€ million  | 
      Notes  | 
      2014  | 
      2013  | 
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Net income for the year  | 
      
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      195.4  | 
      6.3  | 
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Depreciation and impairments / write-ups of noncurrent assets  | 
      
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      599.0  | 
      564.4  | 
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Changes in provisions  | 
      
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      87.0  | 
      47.3  | 
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Changes in deferred taxes  | 
      
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      -40.7  | 
      -41.0  | 
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Other non-cash expenses and income  | 
      
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      -48.7  | 
      -43.9  | 
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Result from disposal of noncurrent assets  | 
      
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      9.5  | 
      3.2  | 
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Result from equity accounting and joint venture dividends  | 
      
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      1.1  | 
      39.4  | 
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Changes in inventories  | 
      
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      -64.3  | 
      95.8  | 
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Changes in trade receivables  | 
      
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      -42.1  | 
      -22.5  | 
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Changes in other assets  | 
      
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      28.2  | 
      13.1  | 
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Changes in other liabilities  | 
      
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      -11.4  | 
      2.8  | 
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Changes in advance payments received  | 
      
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      -227.8  | 
      -200.9  | 
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Cash flow from operating activities (gross cash flow)  | 
      485.2  | 
      464.0  | 
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Investment in intangible assets, property, plant and equipment, and investment property  | 
      
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      -525.1  | 
      -567.1  | 
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Proceeds from the disposal of intangible assets, property, plant and equipment  | 
      
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      1.9  | 
      4.9  | 
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Proceeds from the disposal of investments  | 
      
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      0.1  | 
      7.0  | 
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Cash receipts and payments for acquisitions  | 
      
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      25.8  | 
      –  | 
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Cash flow from long-term investing activities before securities  | 
      
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      -497.3  | 
      -555.2  | 
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Payments for the acquisition of securities and fixed-term deposits  | 
      
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      -128.6  | 
      -147.1  | 
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Cash receipts from the disposal of securities and fixed-term deposits  | 
      
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      120.3  | 
      252.8  | 
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Cash flow from investing activities  | 
      -505.6  | 
      -449.5  | 
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Dividends paid  | 
      
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      -24.8  | 
      -29.8  | 
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Dividends paid to non-controlling interests  | 
      
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      -0.9  | 
      -1.4  | 
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Bank loans raised  | 
      
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      198.3  | 
      84.3  | 
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Bank loans repaid  | 
      
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      -250.7  | 
      -124.7  | 
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Other financial liabilities raised  | 
      
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      –  | 
      306.3  | 
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Other financial liabilities repaid  | 
      
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      -10.5  | 
      -7.1  | 
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Cash flow from financing activities  | 
      -88.6  | 
      227.6  | 
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Changes due to exchange-rate fluctuations  | 
      
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      3.1  | 
      -2.9  | 
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Changes in cash and cash equivalents  | 
      -105.9  | 
      239.2  | 
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At the beginning of the year  | 
      
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      431.8  | 
      192.6  | 
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At the end of the year  | 
      
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      325.9  | 
      431.8  | 
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Additional information on payment transactions included in the cash flow from operating activities  | 
      
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Taxes paid  | 
      
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      -188.9  | 
      -37.9  | 
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Interest paid  | 
      
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      -52.1  | 
      -43.9  | 
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Interest received  | 
      
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      22.1  | 
      13.4  | 
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Dividends received  | 
      
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      4.0  | 
      3.5  | 
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