83
EQUITY
The net financial position of Euro 918 million at 31 December
2012 has decreased by Euro 146 million since 31 December 2011
(Euro 1,064 million), mainly reflecting the following factors:
• positive cash flows from operating activities (before changes
in net working capital) of Euro 545 million;
• positive impact of Euro 75 million from changes in working
capital;
• payment of Euro 74 million in taxes;
The following table reconciles the Group’s equity at 31 December 2012 and net profit/(loss) for 2012 with the corresponding
figures reported by Prysmian S.p.A., the Parent Company:
• net operating investments of Euro 141 million;
• receipt of Euro 6 million in dividends;
• purchase of the remaining Draka shares under the squeeze-
out procedure for Euro 9 million;
• cash outlays of Euro 77 million for acquisitions, of which
Euro 51 million for the acquisition of GME;
• payment of Euro 129 million in net finance costs;
• distribution of Euro 45 million in dividends.
(in millions of Euro)
Equity Net profit/(loss)
Equity Net profit/(loss)
31 December 2012
for 2012 31 December 2011
for 2011
Parent Company Financial Statements
872
112
786
99
Recognition of equity and net profit/(loss) of
consolidated companies, net of their carrying
amount
309
210
396
(54)
Elimination of dividends received from consolidated
companies
-
(150)
-
(173)
Deferred taxes on net profit/(loss) and distributable
reserves from consolidated companies
(18)
(4)
(14)
-
Elimination of intercompany profits and losses
included in inventories and other consolidation
adjustments
(35)
1
(36)
(1)
Non-controlling interests
31
2
(28)
(16)
Other consolidation adjustments
(47)
(3)
(62)
9
Consolidated Financial Statements
1,112
168
1,042
(136)
