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24. Consolidated statement of cash flows

The consolidated statement of cash flows was prepared using the indirect method. Cash and cash equivalents include cash on hand, cash at banks, and checks. The effects of changes in the scope of consolidated financial statements were eliminated and reported in the cash flows from investing activities.

 

 

2013/14

 

2014/15

 

 

 

 

 

Interest received

 

19.3

 

16.4

Interest paid

 

177.4

 

180.3

Taxes paid

 

105.2

 

113.4

 

 

 

 

 

 

 

In millions of euros

Interest received and paid as well as taxes paid are included in the cash flows from operating activities.

Non-cash expenses and income

 

 

 

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2013/14

 

2014/15

 

 

 

 

 

Depreciation, amortization, and impairment

 

590.2

 

636.6

Result from sale of assets

 

9.4

 

2.5

Changes in pensions and other employee obligations, non-current provisions, and deferred taxes

 

10.5

 

4.8

Other non-cash income and expenses

 

52.5

 

–62.4

 

 

662.6

 

581.5

 

 

 

 

 

 

 

In millions of euros

Cash flows from operating activities include dividend income of EUR 69.1 million (2013/14: EUR 68.1 million) from associates and joint ventures as well as other investments. Thereof EUR 53.0 million (2013/14: EUR 51.1 million) accounted for voestalpine Tubulars GmbH & Co KG.

Cash flows from investing activities include inflows of cash and cash equivalents in the amount of EUR 0.1 million (2013/14: EUR 3.9 million) from initial consolidation of acquired and/or newly consolidated companies and outflows of the purchase price in the amount of EUR 52.2 million (2013/14: EUR 22.3 million). The sale of subsidiaries resulted in an outflow of cash and cash equivalents from cash flows from investing activities of EUR 12.6 million (2013/14: EUR 0.0 million) and an inflow of the sale price in the amount of EUR 137.4 million (2013/14: EUR 0.7 million).

Long-term loans in the amount of EUR 1,251.0 million (2013/14: EUR 294.9 million) were taken out in the business year 2014/15. Borrowings, bonds, debt obligations, and loans with an original term of more than one year in the amount of EUR 900.0 million (without hybrid bond) (2013/14: EUR 772.3 million) were redeemed.

About voestalpine

The voestalpine Group is a steel-based technology and capital goods group that operates worldwide. With its top-quality products, the Group is one of the leading partners to the automotive and consumer goods industries in Europe and to the oil and gas industries worldwide.

Facts

50 Countries on all 5 continents
500 Group companies and locations
48,100 Employees worldwide

Earnings FY 2014/15

€ 11.2 Billion

Revenue

€ 1.5 Billion

EBITDA

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