PRO FORMA CONSOLIDATED CASH FLOW STATEMENT
July l, 199/ -
December 31, 1997 1996/1997 1995/1996 1994/1995
NLG 'ooo NLG '000 NLG '000 NLG 'ooo
Operating result before depreciation
transfer and signing on fees
and players' result (4,613) 14,911 18,774 17,921
Adjustments for:
Depreciation of tangible fixed assets
and goodwill 1,696 2,054 1,968 1,928
Movements in working capital
De/(in)crease receivables/
prepayments and accrued income 617 22,521 (31,751) (1,634)
De/(in)crease stock (194) - -
(De)/increase short-term liabilities/
accruals and deferred income 6,721 18,500 18,368 (780)
Total movements in working capital 7444 41,021 (13,383) (2,414)
Cash flow from operating activities
(before depreciation transfer and
signing on fees and players' result 4,227 57,986 7,359 17,435
Interest received and similar income 1,527 3,423 3,205 1,053
Receipt of extraordinary income - - 20,325
1,527 3,423 23,530 1,053
Cash flow from operating activities 5,754 61,409 30,889 18,488
Investments in transfer and signing on
fees and other intangible fixed assets (31,400) (35,841) (15,715) (11,154)
Investments in tangible fixed assets (6,126) (13,192) (14,064) (6,152)
Investments in financial fixed assets - (20,030)
Divestment of transfer and
signing on fees 19,615 14,272 14,528 861
Cash flow from investing activities (17,911) (54,79i) (15,251) (16,445)
Cash flow from financing activities
Exchange rate differences on cash (30) 1,739
(De)/increase in cash (12,187) 8,357 15,638 2,043
Movement in cash
Cash opening balance 61,051 52,694 37,056 35,013
(De)/increase in cash (12,187) 8,357 15,638 2,043
Cash closing balance 48,864 61,051 52,694 37,056
The cash flow statement has been prepared according to the indirect method.
Cash consists of liquid cash and current securities.
