Consolidated Cash Flow Statement

for the period from October 1 to September 30 (IFRS)
in € thousand   12 months
2017/18		 12 months
2016/17
       
Earnings before taxes   367,439 456,063
       
Depreciation and amortization of fixed assets   125,408 135,210
Change in allowances on receivables and other assets   683 1,768
Change in non-current provisions   -1,399 1,276
Net gains/losses on disposal of fixed assets   744 3,070
Measurement of derivatives   -17,735 10,187
Other non-cash items   5,206 4,404
Expenses and income included in the financial result   9,225 5,361
Income taxes received/paid   -77,593 -62,384
Change in receivables and other assets   -9,469 -129,288
Change in inventories (including measurement effects)   -200,701 -57,023
Change in current provisions   2,946 6,713
Change in liabilities (excluding financial liabilities)   -2,251 104,506
Cash inflow from operating activities (net cash flow)   202,503 479,863
       
Payments for investments in fixed assets   -168,174 -165,045
Proceeds from the disposal of fixed assets   1,021 680
Proceeds from the sale of investment property   7,842 0
Proceeds from the redemption of loans granted to third parties   6,529 0
Interest received   3,631 2,715
Dividends received   6,374 6,169
Cash outflow from investing activities   -142,777 -155,481
       
Proceeds deriving from the take-up of financial liabilities   32,507 109,582
Payments for the redemption of bonds and financial liabilities   -85,552 -263,163
Payments for the acquisition of non-controlling interests   -19,244 0
Interest paid   -12,278 -14,066
Dividends paid   -66,557 -57,705
Cash outflow from financing activities   -151,124 -225,352
       
Net change in cash and cash equivalents   -91,398 99,030
Changes resulting from movements in exchange rates   52 -335
Cash and cash equivalents at beginning of period   570,569 471,874
Cash and cash equivalents at end of period   479,223 570,569
Less cash and cash equivalents from discontinued operations at end of period   18,178 0
Cash and cash equivalents at end of period 22 461,045 570,569
Additional information is provided in the Notes to the consolidated cash flow statement.