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Consolidated Statement of Cash Flows

of the HUGO BOSS Group for the period from January 1 to December 31, 2013

Consolidated Statement of Cash Flows (in EUR thousand)

 

 

 

 

 

 

 

 

 

Notes

 

2013

 

20121

1

Due to the changes in accounting policies and the corrections made, certain amounts shown here do not correspond to the figures reported in prior years (for details see Notes to the consolidated financial statements, PDF: (PDF:) Changes in accounting policies/corrections).

 

 

(34)

 

 

 

 

Net income

 

 

 

333,359

 

310,576

Depreciation/amortization

 

(10)

 

105,262

 

91,936

Unrealized net foreign exchange gain/loss

 

 

 

18,916

 

5,780

Other non-cash transactions

 

 

 

(3,965)

 

2,783

Income tax expense/refund

 

(7)

 

100,107

 

97,616

Interest income and expenses

 

(6)

 

14,428

 

18,021

Change in inventories

 

 

 

(36,307)

 

22,678

Change in receivables and other assets

 

 

 

(30,584)

 

(44,986)

Change in trade payables and other liabilities

 

 

 

21,988

 

6,532

Result from disposal of non-current assets

 

 

 

2,741

 

543

Change in provisions for pensions

 

(25)

 

(2,414)

 

(1,069)

Change in other provisions

 

 

 

5,628

 

1,752

Income taxes paid

 

 

 

(104,799)

 

(103,665)

Cash flow from operations

 

 

 

424,360

 

408,497

Interest paid

 

(6)

 

(10,005)

 

(18,780)

Interest received

 

(6)

 

1,984

 

2,685

Cash flow from operating activities

 

 

 

416,339

 

392,402

Investments in property, plant and equipment

 

(12)

 

(160,243)

 

(147,800)

Investments in intangible assets

 

(11)

 

(13,083)

 

(18,002)

Acquisition of subsidiaries and other business entities less cash and cash equivalents acquired

 

(34)

 

(11,659)

 

(7,212)

Effects from disposal of subsidiaries

 

 

 

(1,698)

 

0

Cash receipts from sales of property, plant and equipment and intangible assets

 

 

 

366

 

1,173

Cash flow from investing activities

 

 

 

(186,317)

 

(171,841)

Dividends paid to equity holders of the parent company

 

(23)

 

(215,330)

 

(199,103)

Dividends paid to non-controlling interests

 

 

 

(2,448)

 

(3,153)

Change in current financial liabilities

 

 

 

(254,645)

 

20,341

Cash receipts from non-current financial liabilities

 

 

 

111,350

 

16,895

Repayment of non-current financial liabilities

 

 

 

(2,012)

 

(1,317)

Cash flow from financing activities

 

 

 

(363,085)

 

(166,337)

Exchange-rate related changes in cash and cash equivalents

 

 

 

(2,301)

 

(14)

Change in cash and cash equivalents

 

 

 

(135,364)

 

54,210

Cash and cash equivalents at the beginning of the period

 

 

 

254,606

 

200,396

Cash and cash equivalents at the end of the period

 

(17)

 

119,242

 

254,606
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