Consolidated statement of cash flows
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2009
(January 1 to June 30, 2009 and January 1 to June 30, 2008)
IFRS, unaudited
| in € thousands | June 30, 2009 | June 30, 2008 | Q2|2009 | Q2|2008 |
| Net income for the year | 54,579 | 49,647 | 28,930 | 27,109 |
| Income taxes | 25,742 | 23,309 | 13,575 | 11,504 |
| Net financial income/expense | 255 | 2,887 | 661 | 1,418 |
| Amortization/depreciation of non-current assets | 13,399 | 12,491 | 7,050 | 6,717 |
| Other non-cash income/expense | 2,445 | 2,496 | 1,061 | 1,368 |
| Operating cash flow before changes in working capital | 96,420 | 90,830 | 51,277 | 48,116 |
| Changes in inventories, receivables and other current assets | 39,826 | -18,031 | 14,511 | -12,916 |
| Changes in payables and other liabilities | -10,488 | 18,594 | -11,227 | 539 |
| Income taxes paid | -46,457 | -29,643 | -22,122 | -11,805 |
| Interest paid | -3,962 | -3,618 | -2,214 | -885 |
| Interest received | 3,825 | 2,117 | 1,478 | 953 |
| Net cash from operating activities | 79,164 | 60,249 | 31,703 | 24,002 |
| Proceeds from sale of tangible/intangible assets | 117 | 187 | 91 | 10 |
| Purchase of tangible/intangible assets | -5,911 | -3,812 | -1,914 | -1,424 |
| Proceeds from the sale of financial assets | 65 | 1,109 | 9 | 1,101 |
| Purchase of financial assets | -605 | -718 | -49 | -685 |
| Payment for acquisitions, net | -4,512 | -38,819 | 59 | -463 |
| Net cash used in investing activities | -10,846 | -42,053 | -1,804 | -1,461 |
| Proceeds from issue of share capital | 1,026 | 1,116 | 391 | 459 |
| Dividends paid | -31,503 | -28,539 | -31,503 | -28,539 |
| Proceeds from financial liabilities | 0 | 0 | 0 | 0 |
| Repayments of financial liabilities | -1,007 | -10,237 | -159 | -81 |
| Payments for hedging instruments | 0 | -675 | 0 | 0 |
| Net cash provided by/ used in financing activities | -31,484 | -38,335 | -31,271 | -28,161 |
| Change in cash and cash equivalents from cash relevant transactions | 36,834 | -20,139 | -1,372 | -5,620 |
| Adjustment from currency translation | 2,350 | -1,745 | 741 | 266 |
| Net change in cash and cash equivalents | 39,184 | -21,884 | -631 | -5,354 |
| Cash and cash equivalents at the beginning of the period | 96,925 | 81,294 | 136,740 | 64,764 |
| Cash and cash equivalents at the end of the period | 136,109 | 59,410 | 136,109 | 59,410 |
