Consolidated statement of cash flows

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED
MARCH 31, 2008
IFRS, unaudited

in € thousands Q1|2008 Q1|2007



Net income for the year 22,538 17,773
Income taxes 11,805 9,911
Net financial income 1,469 – 3,148
Amortization/depreciation
of non-current assets
5,774 1,808
Other non-cash income/expense 1,128 1,317
Operating cash flow before
changes in working capital
42,714 27,661
Changes in inventories,
receivables and other current assets
– 5,115 – 15,110
Changes in payables
and other liabilities
18,055 12,274
Income taxes paid – 17,838 – 4,423
Interest paid – 2,733 – 257
Interest received 1,164 3,188
Net cash from operating activities 36,247 23,333
Proceeds from sale of
tangible/intangible assets
177 245
Purchase of
tangible/intangible assets
– 2,388 – 1,322
Proceeds from the sale
of financial assets
8 194
Purchase of financial assets – 33 – 249
Payment for acquisitions, net – 38,356 0
Net cash used in investing activities – 40,592 – 1,132
Proceeds from issue of share capital 657 5,422
Dividends paid 0 0
Proceeds from financial liabilities 0 0
Repayments of financial liabilities – 10,156 – 90
Payments for hedging instruments – 675 0
Net cash provided by/ used in
financing activities
– 10,174 5,332
Change in cash and cash equivalents
from cash relevant transactions
– 14,519 27,533
Adjustment from currency translation – 2,011 – 1,132
Net change in cash and
cash equivalents
– 16,530 26,401
Cash and cash equivalents
at the beginning of the period
81,294 184,774
Cash and cash equivalents
at the end of the period
64,764 211,175