(in thousands) | Q3 '13 | Q3 '12 | YTD '13 | YTD '12 | ||||||||
Operating result | 13,615 | 31,823 | 21,310 | 45,611 | ||||||||
Financial (losses)/ gains | -323 | -134 | -4,576 | 3,442 | ||||||||
Depreciation and amortisation | 27,416 | 26,577 | 88,336 | 82,142 | ||||||||
Change in provisions | -5,361 | -6,615 | -6,578 | -8,500 | ||||||||
Equity-settled stock compensation expenses | 1,557 | 1,281 | 4,469 | 4,490 | ||||||||
Changes in working capital: | ||||||||||||
Change in inventories | -6,959 | 3,116 | -9,113 | 958 | ||||||||
Change in receivables and prepayments | 842 | -11,074 | 11,503 | 14,602 | ||||||||
Change in liabilities (excl. Provisions) 3 |
44,094 | 8,009 | 24,075 | -54,458 | ||||||||
Cash flow from operations | 74,881 | 52,983 | 129,426 | 88,287 | ||||||||
Interest received | 73 | 433 | 1,068 | 983 | ||||||||
Interest paid | -607 | -1,715 | -2,114 | -6,442 | ||||||||
Corporate income taxes received/(paid) | -3,389 | -1,466 | 80,289 | -6,781 | ||||||||
Cash flow from operating activities | 70,958 | 50,235 | 208,669 | 76,047 | ||||||||
Investments in intangible assets | -21,841 | -10,843 | -59,977 | -31,915 | ||||||||
Investments in property, plant and equipment | -2,663 | -1,779 | -10,286 | -5,792 | ||||||||
Dividend received | 45 | 0 | 1,001 | 1,447 | ||||||||
Cash flow from investing activities | -24,459 | -12,622 | -69,262 | -36,260 | ||||||||
Repayment of borrowings | 0 | -50,000 | -75,000 | -98,000 | ||||||||
Dividends paid | 0 | 0 | -204 | 0 | ||||||||
Proceeds on issue of ordinary shares | 0 | 0 | 157 | 0 | ||||||||
Cash flow from financing activities | 0 | -50,000 | -75,047 | -98,000 | ||||||||
Net increase/(decrease) in cash and cash equivalents | 46,499 | -12,387 | 64,360 | -58,213 | ||||||||
Cash and cash equivalents at beginning of period | 181,139 | 148,910 | 164,459 | 193,579 | ||||||||
Exchange rate effect on cash balances held in foreign currencies | -100 | 5 | -1,281 | 1,162 | ||||||||
Cash and cash equivalents at end of period | 227,538 | 136,528 | 227,538 | 136,528 | ||||||||