| (EUR thousand) | Q1 2009 | Q1 2008 |
|---|---|---|
| Profit after taxes | 64,253 | 69,011 |
| Depreciation/write-ups | 92,175 | 81,548 |
| Changes in provisions | (68,902) | 7,784 |
| Changes in deferred taxes | 8,394 | 6,385 |
| Net gain from disposals of fixed assets and marketable securities | 821 | (6,371) |
| Other non-cash income and expenses (primarily equity valuation) and deconsolidations | (17,523) | (32,141) |
| Changes in working capital (net current assets) | (346,195) | (315,247) |
| Changes in other balance sheet items | (1,091) | (995) |
| Net cash used in operating activities | (268,067) | (190,026) |
| Intangible assets, property, plant and equipment, and investment properties | ||
| Purchases | (157,077) | (164,695) |
| Proceeds from asset disposals | 10,901 | 46,750 |
| Acquisitions and participating interests | ||
| Purchases | (23,084) | (167,824) |
| Proceeds from asset disposals/divestments | 10,179 | - |
| Changes in securities holdings and liquid investments | (11,709) | (67,487) |
| Net cash used in investing activities | (170,790) | (353,256) |
| Payments for repurchase of treasury stock | - | (3,488) |
| Payments into equity by minority shareholders | 9,309 | - |
| Dividends to minority shareholders | (42,798) | (44,476) |
| Proceeds from new borrowing | 254,547 | 697,063 |
| Service of debt | (116,057) | (103,897) |
| Net cash provided by financing activities | 105,001 | 545,202 |
| Net cash decrease in cash and cash equivalents | (333,856) | 1,920 |
| Effect of exchange rate changes | 59,358 | (65,877) |
| Overall change in cash and cash equivalents | (274,498) | (63,957) |
| Cash and cash equivalents at the start of the year | 1,787,713 | 1,402,527 |
| Cash and cash equivalents at end of reporting period | 1,513,215 | 1,338,570 |