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INGENICO GROUP

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Registration Document 2016

136

Consolidated financial statements December 31, 2016

5

5.4 Consolidated cash flow statement

5.4

Consolidated cash flow statement

(in thousands of euros)

Notes

2016

2015

Profit for the period

250,831

234,701

Adjustments for:

Share of profits in equity-accounted investees

729

2,626

Income tax expense

97,150

124,846

Depreciation, amortization and provisions

93,027

105,874

Change in fair value

(3,805)

3,063

(Gains)/losses on disposal of assets

100

1,729

Net interest costs/(income)

3,296

12,910

Share-based payment expense

(1)

23,994

17,557

Interest paid

(11,867)

(14,972)

Income tax paid

(131,066)

(137,475)

Cash flows from operating activities before change in net working capital

322,389

350,859

Inventories

(25,595)

(24,212)

Trade and other receivables

(12,075)

(32,833)

Trade payables and other payables

25,397

43,075

Change in net working capital

5.j.

(12,273)

(13,970)

CASH FLOWS FROM OPERATING ACTIVITIES

310,116

336,889

Acquisition of fixed assets

(76,570)

(62,397)

Proceeds from sale of tangible and intangible fixed assets

8,650

683

Acquisition of subsidiaries, net of cash acquired

3

(53,460)

(3,711)

Disposal of subsidiaries, net of cash disposed of

3

3,283

-

Loans and advances granted and other financial assets

(15,646)

(4,593)

Loan repayments received

987

1,308

Interest received

8,017

9,457

CASH FLOWS FROM INVESTING ACTIVITIES

(124,739)

(59,253)

(1) The share-based payment expense of €24 million includes €15.1 million paid in equity instruments and €8.9 million paid in cash.