Annual Report 2009
WDP
- Profit and loss account
- Balance sheet – Assets
- Balance sheet – Liabilities
- Cash flow statement
- Consolidated statement of changes of the equity capital
2009 Annual consolidated financial statements
Cash flow statement
|
EUR (x 1.000) |
31-12-2009 |
31-12-2008 |
|
CASH AND CASH EQUIVALENTS, OPENING BALANCE |
1.273 |
9.015 |
|
NET CASH FROM OPERATING ACTIVITIES |
46.998 |
59.463 |
| |
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|
1. Cash flows concerning operations |
46.655 |
57.616 |
|
Profit/loss from company activities |
22.047 |
-1.478 |
|
Profit for the year |
437 |
-15.785 |
|
Interest charges |
21.953 |
16.154 |
|
Interest received |
-564 |
-2.243 |
|
Income tax |
221 |
396 |
|
Adjustments to non-monetary items |
35.325 |
45.746 |
|
Write-downs |
262 |
249 |
|
Depreciations |
527 |
12 |
|
Increase (+)/decrease (-) in provisions |
-85 |
-213 |
|
Variations in the fair value of investment property |
26.791 |
17.919 |
|
Increase (+)/decrease (-) in deferred taxes |
-3.082 |
-1.740 |
|
Variations in real value of financial derivatives |
10.923 |
29.599 |
|
Increase in sales |
-11 |
-80 |
|
Increase (+)/decrease (-) in operating capital |
-10.717 |
13.348 |
|
Increase (+)/decrease (-) in assets |
-3.094 |
9.553 |
|
Increase (+)/decrease (-) in liabilities |
-7.053 |
4.490 |
|
Other |
-570 |
-695 |
|
2. Cash flows concerning other operating activities |
343 |
1.847 |
|
Interest received classified by operating activities |
564 |
2.243 |
|
Income tax paid/received |
-221 |
-396 |
|
NET CASH FLOWS CONCERNING INVESTMENT ACTIVITIES |
-91.478 |
-171.330 |
|
1. Purchases |
-94.485 |
-173.130 |
|
Acquisition payments for property investments |
-84.042 |
-147.177 |
|
Acquisitions of other tangible and intangible fixed assets |
-10.443 |
-25.953 |
|
2. Disposals |
3.007 |
1.800 |
|
Receipts from sale of investment property |
3.007 |
1.800 |
|
NET CASH FLOWS CONCERNING FINANCING ACTIVITIES |
45.411 |
104.125 |
|
1. Loan acquisition |
83.005 |
166.455 |
|
2. Loan repayment |
-72.645 |
-11.406 |
|
3. Financing granted to WDP Development RO joint venture |
-822 |
-10.321 |
|
4. Interest paid |
-21.953 |
-16.154 |
|
5. Dividends paid |
-13.142 |
-24.449 |
|
6. Capital increase |
70.968 |
0 |
|
NET INCREASE IN CASH AND CASH EQUIVALENTS |
931 |
-7.742 |
|
CASH AND CASH EQUIVALENTS, CLOSING BALANCE |
2.204 |
1.273 |
|
As of 31 March 2009, capital was increased by a ‘sale and rent back’ transaction with DHL. Three premises Mechelen, Meer and Willebroek) were acquired for a total amount of EUR 29,7 million. In addition, the lease debts of EUR 7,5 million were taken over, as was a provision for exit tax of EUR 0,3 million. The entire transaction was effected by payment in shares, leading to a capital increase of EUR 21,9 million.
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