341
Net cash flow used by operating activities amounted to Euro
34,508 thousand in 2012, inclusive of Euro 30,170 thousand
in taxes collected by the Group’s Italian companies for IRES
transferred under the group tax filing (art. 117 et seq of the
Italian Income Tax Code).
Net cash flow used for investing activities came to Euro
123,836 thousand, net of Euro 150,000 thousand in dividends
collected from subsidiaries.
Net finance costs recognised in the income statement came to
Euro 35,408 thousand inclusive of non-cash items; excluding
these items, net cash finance costs reflected in the statement
of cash flows amounted to Euro 34,364 thousand, most of
which referring to interest expense, bank fees and other
incidental expenses in connection with the Credit Agreement
2010, the Bond and the Credit Agreement 2011 signed on 7
March 2011.
Cash flow provided by financing activities included the Credit
Agreement 2011 and the Credit Agreement 2010, activated on 3
May 2012, net of the first repayment and net of the dividends
paid to shareholders on 26 April 2012.
28. STATEMENT OF CASH FLOWS
