Belron: Cashflow Snapshot

Belron released its 2016 financial results earlier this week and today glassBYTES offers a look at its cash flow for the company’s vehicle segment.

Statement of Cash Flows for Belron (Vehicle Glass Operating Segment)
in millions of US Dollars
Cash flows from operating activities 2016 USD 2015 USD Difference
Result for the period -17.12 120.86 -137.97
Income tax expense 22.68 25.41 -2.73
Share of result of entities accounted for using the equity method, net of income tax 0.84 0.00 0.84
Net finance costs 37.28 36.86 0.42
Operating result from continuing operations 43.68 183.12 -139.44
Depreciation 88.94 92.09 -3.15
Amortization of intangible assets 41.69 39.69 2.00
Impairment losses on goodwill and other non-current assets 139.86 15.96 123.90
Other non-cash items -10.40 12.08 -22.47
Employee benefits -23.73 -25.10 1.36
Other cash items -16.59 -26.46 9.87
Change in net working capital -17.43 6.41 -23.84
Cash generated from operations 266.81 297.78 -30.98
Income tax paid -16.49 -18.17 1.68
Net cash from operating activities 250.32 279.62 -29.30
Cash flows from investing activities 0.00 0.00 0.00
Purchase of property, plant and equipment and intangible assets -127.68 -99.54 -28.14
Sale of property, plant and equipment and intangible assets 8.82 2.00 6.83
Net capital expenditure -118.86 -97.55 -21.32
Acquisition of subsidiaries (net of cash acquired) -23.84 -23.73 -0.10
Interest received 0.42 1.79 -1.37
Net investment in other financial assets 0.32 -0.21 0.53
Net cash from investing activities -141.96 -119.70 -22.26
Capital element of finance lease payments -33.60 -28.56 -5.04
Net change in other loans and borrowings 21.74 -88.41 110.15
Inter-segment loans 22.58 21.00 1.58
Dividends received from/(paid by) subsidiaries -48.09 -35.49 -12.60
Net cash from financing activities -74.34 -168.32 93.98
Cash flows from continuing operations 34.02 -8.40 42.42
Cash flows from discontinued operations 0.00 -10.61 10.61
Total cash flow for the period 34.02 -19.01 53.03
Reconciliation with statement of financial position 0.00 0.00 0.00
Cash at beginning of period 23.10 31.40 -8.30
Cash included in non-current assets held for sale 0.63 0.00 0.63
Cash and cash equivalents at beginning of period 23.73 31.40 -7.67
Total cash flow for the period 34.02 -19.01 53.03
Translation differences -9.56 11.34 -20.90
Cash and cash equivalents at end of period 48.20 23.73 24.47
Included within “cash and cash equivalents” 48.20 23.10 25.10
Included within “non-current assets held for sale” 0.00 0.63 -0.63

 Read the full report here 

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