Vilmorin & Cie - Annual report 2017-2018

Financial INFORMATION 5 ANNUAL REPORT Vilmorin & Cie 146 2017-2018 5.1.3. Consolidated cash flow statement In millions of euros 06.30.18 06.30.17 1 – Trading operations Income for the year 76.9 90.1 Results of companies consolidated under equity method after dividends -6.0 -13.2 Depreciation, amortization and impairments 199.5 198.2 Net non-current provisions 1.1 -6.9 Variation in deferred taxes -7.5 12.6 Income from capital operations 1.3 13.1 Surplus of the share in interest of the acquirer in the fair value of the assets and liabilities acquired on the cost, directly recorded in the income (negative goodwill) - - Non-cash financial charges -0.6 - Fair value losses and gains for financial fixed assets available for sale - -0.6 Cash flow 264.7 293.3 Dividends received on equity securities - -0.1 Variation in working capital needs with comparable scope > Inventories -43.1 -11.6 > Trade debts -44.3 -20.0 > Short-term debts 23.6 -0.6 Cash from operating activities 200.9 261.0 2 - Investment operations Disposal of fixed assets 3.4 6.8 Acquisition of fixed assets > Intangible fixed assets -179.4 -172.6 > Tangible fixed assets -43.5 -34.7 Variation in other financial fixed assets -3.1 -0.7 Cash flow acquired through scope entries -1.5 -0.1 Cash flow conceded through cash exits - - Net impact of the disposal of assets and liabilities - - Net increase/decrease in cash and cash equivalents 1.0 -3.8 Cash flows from investing activities -223.1 -205.1 3 - Cash flows from financing activities Increase/decrease in equity - - Transactions with non-controlling interests (1) - -5.8 Increase/decrease in financial liabilities (2) 6.6 31.8 Dividends received on unconsolidated participations - 0.1 Dividends paid out -35.3 -24.9 Cash flows from financing operations -28.7 1.2 4 - Net effect of currency translation -8.7 -7.3 5 - Net increase/decrease in cash and cash equivalents -59.6 49.8 6 - Cash and cash equivalents at beginning of period 256.3 206.5 7 - Cash and cash equivalents at end of period 196.7 256.3 5.1. Consolidated Financial Statements