Consolidated cash flow statement // in k€
|
1st half 2010 |
1st half 2009 |
||
|
Income before tax |
60,288 |
70,458 |
|
|
+ |
Amortization and depreciation |
40,584 |
30,266 |
|
+ |
Financial result (without gains/losses from currency translation) |
23,417 |
12,551 |
|
+ |
Loss from disposal of assets |
31 |
38 |
|
- |
Reversal of accrued investment grants |
-5,653 |
-5,360 |
|
- |
Other material non-cash income |
-13,277 |
-14,319 |
|
= |
Cash flow from operating result |
105,390 |
93,634 |
|
+/- |
Changes in prepayments and customer advances (balance) |
15,014 |
-5,227 |
|
- |
Increase of inventories (devoid of prepayments) |
-12,179 |
-119,630 |
|
-/+ |
Increase/decrease of trade receivables |
22,225 |
-57,303 |
|
+ |
Increase of trade liabilities |
17,434 |
29,364 |
|
+/- |
Changes in other net assets |
4,008 |
-17,363 |
|
= |
Cash flow from operating result and changes in net assets |
151,892 |
-76,525 |
|
+ |
Interest received |
1,605 |
8,765 |
|
- |
Taxes on income paid |
-14,956 |
-32,991 |
|
= |
Cash flow from operating activities |
138,541 |
-100,751 |
|
- |
Cash outflow for asset investments |
-136,004 |
-144,207 |
|
+ |
Cash inflow from the disposal of assets |
10,939 |
1,151 |
|
+ |
Cash inflow from financial investments |
10,207 |
161,951 |
|
+/- |
Cash inflow/outflow from the disposal/acquisition of consolidated entities (less acquired liquid funds) |
-9,001 |
5,775 |
|
= |
Cash flow from investment activities |
-123,859 |
24,670 |
|
+ |
Cash inflow from borrowings |
498,044 |
0 |
|
- |
Cash outflow for redemption of borrowings |
-8,894 |
-8,926 |
|
- |
Interest paid |
-19,300 |
-19,167 |
|
- |
Dividend distribution to shareholders of SolarWorld AG |
-17,649 |
-16,758 |
|
- |
Cash outflow from purchase of treasury shares |
-41,644 |
0 |
|
- |
Payments to non-controlling interests |
-2,774 |
0 |
|
= |
Cash flow from financing activities |
407,783 |
-44,851 |
|
+/- |
Net changes in cash and cash equivalents |
422,465 |
-120,932 |
|
+/- |
Exchange rate effects on cash and cash equivalents |
7,316 |
-164 |
|
+ |
Cash and cash equivalents at the beginning of the period |
428,089 |
431,689 |
|
= |
Cash and cash equivalents at the end of the period |
857,870 |
310,593 |
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