Adjustments for

 Depreciation and amortization

17/18

 Change in provisions and liability for post-employment benefits

10/21

 (5,903) 

 Interest income

 (43) 

(309)

 Interest expenses

 Income taxes

 Equity-settled share-based payment transactions

 Other non-cash items

(1,377)

Change in working capital

 Trade accounts receivable 

(4,529)

 Inventories

 Trade accounts payable

 (3,787) 

(1,776)

 Other changes in working capital (net)

Income taxes paid

 (8,428) 

(9,922)

Interest received

Acquisition of SPEware Group, net of cash acquired

–

(40,309)

Acquisition of Sias-Xiril Group, net of cash acquired

 (18,899)

–

Purchase of property, plant and equipment

 (4,674) 

(6,780)

Proceeds from sales of property, plant and equipment

Investment in intangible assets

 (10,049) 

(7,542)

Proceeds from employee participation plans

Dividends paid

 (16,857) 

(20,122)

Proceeds from sales of treasury shares

–

Change in current bank liabilities

 (2,713) 

(1,475)

Increase in bank loans

Repayment of bank loans

 (20) 

(3,535)

Repayment of other loans

–

(3,543)

Interest paid

 (91) 

(209)

Effect of exchange rate fluctuations on cash held

 (643) 

Cash and cash equivalents at January 1