31. Cash Flow Statement

The Cash Flow Statement shows changes in cash and cash equivalents due to inflows and outflows during the reporting period. The statement shows cash flow from operating, investing and financing activities and the resulting changes in cash and cash equivalents. The starting point for computing cash flow from operating activities is net income after tax. Under the indirect method of reporting cash flow from operating activities, non-cash income items are eliminated and cash operating transactions that do not affect profit or loss are added in. Cash flow from investing activities consists of payments for investments and receipts from divestments. Cash flow from financing activities shows cash changes in equity and in other financial assets/loans and borrowings. Cash and cash equivalents include cash on hand and in banks with a residual maturity of up to three months.

EUR 0,000 of drawings on the revolving credit facility were repaid in the past financial year (2007/2008: EUR 65,000,000). Loans and borrowings increased by EUR 637,000 (2007/2008: decrease of EUR 91,000). These figures are reported in the Cash Flow Statement under Change in other financial assets/loans and borrowings.

Dividends of EUR 29,642,000 were paid out to shareholders of Demag Cranes AG in financial year 2008/2009 (2007/2008: EUR 23,290,000).