|
|
|
Chr. Hansen Group |
|
|
|
|
|
|
|
| Note |
DKKm |
|
2004/05 |
|
2003/04 |
|
|
|
|
|
|
|
|
|
Operating profit |
|
307 |
|
320 |
|
|
|
|
|
|
|
|
| A |
Adjustments |
|
287 |
|
312 |
|
| B |
Change in working
capital |
|
57 |
|
(61) |
|
|
Interest income
and other financial income received |
|
39 |
|
10 |
|
|
Interest expenses
and other financial expenses paid |
|
(128) |
|
(129) |
|
|
Income taxes paid |
|
(115) |
|
(117) |
|
|
Extraordinary items
paid |
|
(40) |
|
- |
|
|
Cash flow
from operating activities |
|
407 |
|
335 |
|
|
|
|
|
|
|
|
| C |
Acquisitions
of companies and operations |
|
(129) |
|
- |
|
|
Additions,
intangible assets |
|
(22) |
|
(15) |
|
|
Additions,
property, plant and equipment |
|
(284) |
|
(362) |
|
| D |
Divestment of business |
|
6,352 |
|
- |
|
|
Sale of
intangible assets and property, plant and equipment |
|
22 |
|
31 |
|
|
Change
in other long-term financial assets |
|
(1) |
|
(3) |
|
|
Cash flow
from investing activities |
|
5,938 |
|
(349) |
|
|
|
|
|
|
|
|
|
Free cash flow |
|
6,345 |
|
(14) |
|
|
|
|
|
|
|
|
|
Dividend paid
to Chr. Hansen Holding A/S’ shareholders |
|
(20) |
|
(20) |
|
|
Dividend
paid to minority interests |
|
(26) |
|
(30) |
|
|
Change in
financial liabilities |
|
(882) |
|
12 |
|
|
Cash flow
from financing activities |
|
(928) |
|
(38) |
|
|
|
|
|
|
|
|
|
Net cash flow for the
year |
|
5,417 |
|
(52) |
|
|
|
|
|
|
|
|
|
Cash
and cash equivalents at September 1 |
|
123 |
|
175 |
|
|
Unrealized
gain on foreign currency carried as cash and cash equivalents |
|
- |
|
- |
|
|
Net cash flow for the
year |
|
5,417 |
|
(52) |
|
|
Cash and
cash equivalents at August 31 |
|
5,540 |
|
123 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| DKKm |
|
|
2004/05 |
|
2003/04 |
|
|
|
|
|
|
|
|
| A |
Adjustments |
|
|
|
|
|
|
Depreciation,
amortization and write-downs |
|
275 |
|
310 |
|
|
Change in provisions |
|
12 |
|
2 |
|
|
Total |
|
287 |
|
312 |
|
|
|
|
|
|
|
|
| B |
Change in working
capital |
|
|
|
|
|
|
Inventories |
|
(45) |
|
(35) |
|
|
Receivables |
|
(14) |
|
(69) |
|
|
Trade payables |
|
32 |
|
31 |
|
|
Other payables |
|
84 |
|
12 |
|
|
Total |
|
57 |
|
(61) |
|
|
|
|
|
|
|
|
| C |
Acquisitions
of companies and operations |
|
|
|
|
|
|
Property, plant
and equipment |
|
76 |
|
- |
|
|
Long-term financial
assets |
|
7 |
|
- |
|
|
Inventories |
|
17 |
|
- |
|
|
Receivables |
|
21 |
|
- |
|
|
Cash and cash
equivalents |
|
49 |
|
- |
|
|
Long-term debt |
|
(30) |
|
- |
|
|
Short-term debt |
|
(43) |
|
- |
|
|
Net assets acquired |
|
97 |
|
- |
|
|
Goodwill |
|
81 |
|
- |
|
|
Adjustment
of cash and cash equivalents |
|
(49) |
|
- |
|
|
Total |
|
129 |
|
- |
|
|
|
|
|
|
|
|
| D |
Divestment of business |
|
|
|
|
|
|
Intangible assets |
|
897 |
|
- |
|
|
Property, plant
and equipment |
|
1,775 |
|
- |
|
|
Long-term financial
assets |
|
36 |
|
- |
|
|
Inventories |
|
710 |
|
- |
|
|
Receivables |
|
678 |
|
- |
|
|
Cash and cash
equivalents |
|
179 |
|
- |
|
|
Long-term debt |
|
(1,204) |
|
- |
|
|
Short-term debt |
|
(888) |
|
- |
|
|
Net assets divested |
|
2,183 |
|
- |
|
|
Gain before
provisions etc. |
|
4,348 |
|
- |
|
|
Adjustment
of cash and cash equivalents |
|
(179) |
|
- |
|
|
Total |
|
6,352 |
|
- |
|
|
|
|
|
|
|
|
|
The
cash flow statement has been adjusted to the effect that exchange rate
adjustments in foreign subsidiaries are not included in the statement. As a
result, the individual figures in the cash flow statement cannot be obtained
directly from the income statement and balance sheet. |
|
|
|
|
|
|
|
|
|
|
|
|