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2014 Compact

Statement of cash flows In the previous financial year, Fraport generat- ed operating cash flow (cash flow from oper- ating activities) amounting to €506.2 million. In comparison with the previous year, this was a considerable improvement of €52.0 million, which was primarily the result of the positive development of the operating business and earnings as well as a lower decline in liabilities. Cash flow used in investing activities (without investments in cash deposits and securities) increased from €418.4 million to €523.8 mil- lion in the past financial year. The reason for the higher cash outflow was the acquisition of the new Group companies AMU Hold- ings Inc. and Ljubljana, which totaled some €271.1 million. For property, plant, and equip- ment and airport operating projects, Fraport used significantly lower funds in financial year 2014 due to a decline in investing activities. At €264.4 million, this was €143.2 million below the previous year’s value. Including investments and returns from cash deposits and securities, the entire cash flow used in investing activities in the previous financial year amounted to €292.7 million, and was therefore €93.0 million higher than the pre- vious year’s value. The positive development of operating cash flow and lower capital expenditure in proper- ty, plant, and equipment and airport operat- ing projects led to a significant increase in free cash flow, which improved from €34.3 million to €246.8 million in the previous financial year. In accordance with the new definition, the free cash flow has also considered dividends received from joint ventures and minority interests since 2014. While this made up close to €32 million in the previous financial year, the 2013 value was adjusted for dividends in the amount of approximately €17.1 million. Taking the cash flow used in/from financing activities, the payment of dividends for financial year 2013 as well as bank balances with a drawing restriction into consideration, the cash and cash equivalents of the Fraport Group – according to the statement of cash flows – amounted to €167.8 million as at December 31, 2014. Compared with the previous year, this meant an improvement of €36.6 million. €246.8  million  free cash flow in financial year 2014. Summary of the statement of cash flows and reconciliation to the Group’s liquidity € million Cash flow from operating activities Cash flow used in investing activities without investments in cash deposits and securities Cash flow from investing activities in cash deposits and securities Cash flow used in financing activities Foreign currency translation effects on cash and cash equivalents Cash and cash equivalents as at December 31, 2014 Short-term current realizable assets Group liquidity as at December 31, 2014 131.2 231.1 –184.5 7.6 167.8 1,011.8 1,179.6– 523.8506.2 Cash and cash equivalents as at January 1, 2014 0 24 2014 CompactFinancial Development 131.2231.1 –184.57.6167.81,011.81,179.6– 523.8506.2 242014 CompactFinancial Development

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