Consolidated Cash Flow Statement

of Messer Group GmbH, Sulzbach/Taunus, for the Financial Year 2018 (in K€)

 

Jan. 1 - Dec. 31, 2018

Jan. 1 - Dec. 31, 2017

Group profit before tax

187,582

113,145

Income taxes paid

(42,268)

(24,121)

Depreciation, amortization and impairment losses on property, plant and equipment and intangible assets

142,913

150,704

Impairment losses on non-current financial assets

129

18

Gains arising as a result of changes in the group reporting entity

(8,477)

Loss / (gains) on disposals of fixed assets

(1,683)

(57)

Changes in investments in associated companies

4,466

2,773

Interest result, net

22,673

18,647

Other non-cash financial result

8,918

9,664

Changes in assets resulting from finance lease arrangements (IFRIC 4)

14,176

22,062

Changes in inventories

4,464

(7,664)

Changes in receivables and other assets

(15,942)

(7,827)

Changes in provisions

4,642

9,475

Changes in trade payables and other liabilities

705

(5,585)

Cash flows from operating activities

322,298

281,234

Purchase of property, plant and equipment and intangible assets

(231,921)

(142,264)

Purchase of investments and other non-current assets

(1,721)

(46)

Disbursements for the acquisition of subsidiaries

(7,494)

(1,566)

Capital reductions at the level of associated companies

(196)

449

Proceeds from disposals of property, plant and equipment and intangible assets

2,721

2,944

Proceeds from disposals of subsidiaries and loans

20,303

1,817

Interest received

2,932

1,206

Cash flows from investing activities

(215,376)

(137,460)

Changes in capital by shareholders of Messer Group GmbH

(5,000)

Proceeds from non-current financial debt

70,909

18,712

Proceeds from current financial debt

6,511

15,791

Repayments of non-current financial debt

(5,221)

(4,158)

Repayments of current financial debt

(28,628)

(53,133)

Dividends paid to non-controlling interests

(20,224)

(20,759)

Decrease/ (increase) of majority shareholdings without loss of control

4,144

Amounts paid in by other shareholders

3,837

Interest paid

(19,260)

(19,509)

Other financial result, net

(3,143)

(10,179)

Cash flows from financing activities

8,925

(78,235)

Changes in cash and cash equivalents

115,847

65,539

Cash and cash equivalents
       at the beginning of the period


176,014


113,984

Exchange rate impact on cash and cash equivalents

(590)

(2.465)

Cash classified as held for sale

(13,795)

(1,044)

       at the end of the period

277,476

176,014