Statement of Cash Flows

Statement of Cash Flows (€) Note 31 December
2011
of which with
related parties
31 December
2010
of which with
related parties
Cash flow from operating activities:          
Gross cash flow from operating activities 37 101,580,601 - 132,379,696 -
Change in working capital 37 (11,900,993) (15,929,786) 2,318,094 82,792,817
Changes in other operating assets and liabilities 37 (18,712,318) 123,867 (17,986,522) (223,479)
Net finance costs paid 37 1,636,780 1,968,317 122,674 (9,999,022)
Income taxes paid 37 (43,306,138) - (32,961,670) -
Net cash generated from operating activities   29,297,932 - 83,872,272 -
Cash flow from investing activities:          
Acquisitions of subsidiaries, net of cash acquired   (6,301,500) - (756,590) -
Purchase of property, plant and equipment and
intangible assets
  (7,493,304) - (8,322,279) -
Proceeds from sale of property, plant and
equipment and intangible asset
  - - - -
Dividends received   - - 15,000,000 -
Use (Purchases) of treasury shares   290,586 - 513,643 -
Other investing activities   (3,665,704) (2,935,682) 1,032,903 -
Net cash generated from (used in) investing
activities
  (17,169,922) - 7,467,677 -
Cash flow from financing activities:          
Net change in financial receivables and borrowings   12,857,947 113,058,932 (50,473,125) (47,785,231)
Share capital increases   - - - -
Loss coverage   - - - -
Dividends paid   (33,592,384) (33,592,384) (30,981,657) (30,981,657)
Change in reserves   - - - -
Net change in other financing activities   - - - -
Net cash used in financing activities   (20,734,437) - (81,454,782) -
Net increase (decrease) in cash and cash equivalents   (8,606,427) - 9,885,168 -
Cash and cash equivalents at 1 January   115,500,529 - 105,615,361 -
Cash and cash equivalents at 31 December   106,894,102 - 115,500,529 -
 

Registered Office: 16151 Genoa Via Paolo Mantovani, 3 - 5
Paid-in Share Capital EUR 70,000,000 R.E.A. n. 421689 Register of Enterprises of Genoa Tax Code 01371160662
A Finmeccanica Company