Consolidated
Statement of Cash Flows
in thousands of guilders
1993
1992
Cash flow from operating activities
Trading profit
Earnings of non-consolidated participations
Depreciation and value adjustments
Changes in provisions
Working capital changes
Cash flow from operations
Interest paid and received
Taxation paid on profit
Extraordinary Group income after taxation
798,067
18,610
501,194
136,802
87,047
733,212
25,613
631,865
10,781
26,130
1,541,720
1,332
301,683
1,375,341
43,299
324,803
119,617
Cash flow from operating activities
1,238,705
1,126,856
Dividends paid
159,226 -
170,265
Cash flow from operating activities less
dividends paid
1,079,479
956,591
Cash flow from investing activities
Investments less disposals in tangible fixed assets - 533,789 - 531,395
Investments less disposals in financial fixed
assets - 54,396 - 86,763
Investments less disposals in consolidated
participations - 25,002 - 25,189
Cash flow from investing activities - 613,187 - 643,347
Cash flow from financing activities
Long-term borrowings
Repayment of long-term debts
Investment facilities
Cash flow from financing activities
203,193 226,194
124,789 - 266,643
1,630 - 3,060
80,034 - 43,509
Net cash flow
546,326
269,735
Other movements in funds:
Changes in the extent of the consolidation - 20,139
Changes in exchange rates 19,289 48,810
Movement in balance of funds 565,615 338,684
The balance of funds consists of:
- Cash at bank and in hand
- Securities
Indebtedness to credit institutions
1,370,599 1,014,457
195,237 147,536
218,961 - 380,733
Position on December 31
1,346,875
781,260