Cash flow statement

Consolidated statement of cash flows 2007
EUR x 1,000,000	2007	2006
Operating result	59.4	54.6
Depreciation of property, plant and equipment	30.6	31.3
Impairment of property, plant and equipment		4.2
Amortisation of intangible asse	2.0	1.9
Result on disposal of property, plant and equipment and subsidiaries	(1.8)	(4.4)
Interest paid	(13.6)	(15.4)
Income tax paid	(14.8)	(12.1)
Change in provisions	(11.0)	(10.8)
Change in working capital	(24.6)	1.8
Net cash flow from operating activities	26.2	51.1

Purchase of property, plant and equipment	(35.6)	(42.4)
Acquisition of subsidiaries, net of cash acquired	(1.3)	(2.8)
Purchase of intangible assets, other than by acquisition of subsidiaries	(1.8)	(1.7)
Net investments in associates and joint ventures		(0.4)
Proceeds from disposal of property, plant and equipment	8.4	8.8
Proceeds from disposal of subsidiaries	4.4
Change in discontinued operations	22.1	25.0
Proceeds from disposal of intangible assets	0.2	0.1
Interest received	0.6	0.8
Net cash used in investing activities	(3.0)	(12.6)

Net purchase of treasury shares	(1.0)	(0.2)
Dividend paid to equity holders	(14.8)	(7.4)
Dividend paid to third parties	(0.8)	(0.4)
Change in interest-bearing liabilities	(2.7)	(28.8)
Net cash used in financing activities	(19.3)	(36.8)

Change in cash and cash equivalents	3.9	1.7
Cash and cash equivalents at 1 January	22.1	21.5
Exchange rate differences on cash and cash equivalents	(0.7)	(1.1)

Cash and cash equivalents at 31 December	25.3	22.1