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84 ALTANA Group Consolidated Statement of Cash Flows ALTANA Group Consolidated Statement of Cash Flows Notes 2014 2015 in € thousand Net income (EAT) 179,155 158,018 Depreciation and amortization of intangible assets and property, plant and equipment 13, 14 119,702 128,090 Impairment of intangible assets, property, plant and equipment and assets held for sale 13, 14 10,000 11,545 Impairment on long-term investments and marketable securities 10 65 0 Net result from the disposal of intangible assets and property, plant and equipment 7, 8 1,032 892 Net result from the disposal of long-term investments and marketable securities 9 (459) 0 Change in inventories 17 (12,075) (72) Change in trade accounts receivable 18 (14,702) 22,694 Change in income taxes 11 3,581 (11,276) Change in provisions 24, 25 9,622 15,251 Change in trade accounts payable (4,177) 20,916 Change in other assets and other liabilities 20, 26 (106) (12,341) Other 6,574 12,377 Cash flow from operating activities 298,212 346,094 Capital expenditure on intangible assets and property, plant and equipment 13, 14 (90,389) (85,561) Proceeds from the disposal of intangible assets and property, plant and equipment 13, 14 1,973 2,349 Acquisitions, net of cash acquired 3 (26,211) (41) Purchase of long-term investment and investments in associated companies 15, 16 (50,929) (53,346) Proceeds from the disposal of long-term investments 15 45 73 Purchase of marketable securities 19 (45,718) (12,933) Proceeds from the disposal of marketable securities 9, 10 48,362 8,794 Cash flow from investing activities (162,867) (140,665)


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