Consolidated statement of cash flows
Consolidated Statement of Cash Flows for the three months ended March 31, 2009
(January 1 to March 31, 2009 and January 1 to March 31, 2008)
IFRS, unaudited
| in € thousands | Q1|2009 | Q1|2008 |
| Net income for the year | 25,649 | 22,538 |
| Income taxes | 12,167 | 11,805 |
| Net financial income | -406 | 1,469 |
| Amortization/depreciation of non-current assets | 6,349 | 5,774 |
| Other non-cash income/expense | 1,384 | 1,128 |
| Operating cash flow before changes in working capital | 45,143 | 42,714 |
| Changes in inventories, receivables and other current assets | 25,315 | -5,115 |
| Changes in payables and other liabilities | 739 | 18,055 |
| Income taxes paid | -24,335 | -17,838 |
| Interest paid | -1,748 | -2,733 |
| Interest received | 2,347 | 1,164 |
| Net cash from operating activities | 47,461 | 36,247 |
| Proceeds from sale of tangible/intangible assets | 26 | 177 |
| Purchase of tangible/intangible assets | -3,997 | -2,388 |
| Proceeds from the sale of financial assets | 56 | 8 |
| Purchase of financial assets | -556 | -33 |
| Payment for acquisitions, net | -4,571 | -38,356 |
| Net cash used in investing activities | -9,042 | -40,592 |
| Proceeds from issue of share capital | 635 | 657 |
| Dividends paid | 0 | 0 |
| Proceeds from financial liabilities | 0 | 0 |
| Repayments of financial liabilities | -848 | -10,156 |
| Payments for hedging instruments | 0 | -675 |
| Net cash provided by/ used in financing activities | -213 | -10,174 |
| Change in cash and cash equivalents from cash relevant transactions | 38,206 | -14,519 |
| Adjustment from currency translation | 1,609 | -2,011 |
| Net change in cash and cash equivalents | 39,815 | -16,530 |
| Cash and cash equivalents at the beginning of the period | 96,925 | 81,294 |
| Cash and cash equivalents at the end of the period | 136,740 | 64,764 |
