| |
Jan 1, 2003- |
Jan 1, 2002- |
| |
Dec 31, 2003 |
Dec 31, 2002 |
| |
EUR Mill. |
EUR Mill. |
| |
|
|
 |
| |
|
|
| Business operations |
|
|
| Operating profit |
-19 |
60 |
| Deprecations |
104 |
115 |
| Change in working capital (net) |
|
|
| Inventories, increase (-), decrease (+) |
7 |
-1 |
| Short-term receivables, increase (-), decrease (+) |
2 |
-17 |
| Non interest bearing short-term liabilities, |
4 |
33 |
| increase (+), decrease (-) |
|
|
| Financial income and expenses (net) |
-3 |
-6 |
| Taxes |
6 |
-17 |
|
| Cash flow from operations |
101 |
167 |
| |
|
|
| Investments |
|
|
| Investments in flight equipment |
-70 |
-86 |
| Investments in buildings |
-1 |
0 |
| Other investments |
-12 |
-16 |
| Change in advance payments |
3 |
46 |
|
| Capital expenditure, total |
-80 |
-56 |
| Sales of fixed assets |
37 |
76 |
|
| Cash flow from investments |
-43 |
20 |
| |
|
|
| Financing |
|
|
| Decrease of long-term debts |
-53 |
-1 |
| Long-term receivables, increase (-), decrease (+) |
-2 |
-2 |
| Short-term debts, increase (+), decrease (-) |
2 |
-92 |
| Increase in shareholders´equity |
0 |
0 |
| Dividends |
-13 |
-6 |
|
| Cash flow of financing |
-66 |
-100 |
| |
|
|
| Change in liquid funds |
|
|
| increase (+), decrease (-) in statement |
-8 |
87 |
| |
|
|
| Liquid funds in the beginning |
302 |
215 |
| Liquid funds, decrease (-), increase (+) in balance sheet |
-8 |
87 |
| Liquid funds in the end |
294 |
302 |