Beter Bed Holding

Annual Report 2014

Consolidated cash flow statement

2014

in thousand €

2014

2013

Cash flow from operating activities

Profit before taxes

22,743

11,568

Income tax paid

(7,143)

(8,722)

Depreciation and impairments

8,242

9,988

Release employee stock options

(439)

(101)

Movements in:

– Stocks

2,068

5,163

– Debtors

(347)

2,942

– Provisions

(1,427)

2,678

– Short-term liabilities

10,574

(1,497)

– Short-term investment liabilities

(1,701)

-

– Other

42

153

32,612

22,172

Cash flow from investing activities

Additions to (in)tangible fixed assets

(13,211)

(5,439)

Short-term investment liabilities

1,701

-

Disposals of (in)tangible fixed assets

1,004

806

Changes in long-term accounts receivable

6

251

(10,500)

(4,382)

Cash flow from financing activities

Repayment of loan

(1,000)

(2,000)

Share reissuance

1,851

846

Dividend paid

(7,659)

(6,954)

(6,808)

(8,108)

Change in net cash and cash equivalents

15,304

9,682

Cash and cash equivalents at the end of the financial year

20,883

9,554

Current bank overdraft not including repayment obligations at the end of the financial year

-

(3,975)

Net cash and cash equivalents at the end of the financial year

20,883

5,579

Cash and cash equivalents at the beginning of the financial year

9,554

5,224

Current bank overdraft not including repayment obligations at the beginning of the financial year

(3,975)

(9,327)

Net cash and cash equivalents at the beginning of the financial year

5,579

(4,103)

Change in net cash and cash equivalents

15,304

9,682