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ePaper created 2012-04-27, 18:43:33 | version 1.23.1
CONSOLIDATED CASh FLOW STATEMENT in € thousand note 01.01.– 31.12.2011 01.01.– 31.12.2010 Profit after tax 93,396 -7,814 Expenses/income from the application of IFRS 3 26. -7,888 -13,298 Profit/loss attributable to limited partners 25., 26. 27,596 10,917 Depreciation of property, plant and equipment 1., 2. 36 24 Unrealised changes in fair value of investment property 26. -54,302 -31,431 Profit/loss for the period of equity-accounted companies 24. -270 593 Expenses from investment activities to be allocated to the cash flow 26. 8,512 8,631 Deferred taxes 27. 31,606 102,358 operating cash flow 98,686 69,980 Changes in receivables* 6., 7., 8., 29. 147,660 -158,096 Changes in other financial investments 0 1,600 Changes in current provisions 15. 1,482 -14,091 Changes in liabilities 13., 14., 16., 17., 29. 1,593 6,440 Cash flow from operating activities 249,421 -94,167 Payments to acquire property, plant and equipment/investment properties 2., 3. -77,201 -77,975 Expenses from investment activities to be allocated to the cash flow -8,512 -8,631 Payments to acquire shareholdings in consolidated companies and business units* -266,323 -201,376 Inflows/outflows to/from the financial assets -150 145 Cash flow from investing activities -352,186 -287,837 Changes in interest-bearing financial liabilities 11. 183,993 166,244 Payments to Group shareholders -56,795 -46,320 Contributions of Group shareholders 0 253,675 Contributions of third-party shareholders 0 4,225 Payments to third-party shareholders -25,319 -13,951 Cash flow from financing activities 101,879 363,873 Net change in cash and cash equivalents -886 -18,131 Cash and cash equivalents at beginning of period 65,784 81,914 Currency-related changes -487 330 Other changes -3 1,671 Cash and cash equivalents at end of period 9. 64,408 65,784 * The purchase price including the ancillary acquisition costs (€ 156.7 million) for the acquisition of the Billstedt-Center Hamburg was recognised in the cash flow from operat- ing activities in the previous year. In order to achieve a meaningful cross-period presentation of this transaction, changes connected with the initial consolidation are recog- nised gross in the reporting year. 30 DES Annual Report 2011 ConSoLIDAteD FInAnCIAL StAteMentS consolidated cash flow statement