Cash flow statement

Consolidated statement of cash flows 2002
EUR x 1,000	2002	2001
Result from normal business operations after taxation	32,102	30,397
Amortisation of intangible fixed assets	826	59
Depreciation of tangible fixed assets	44,711	45,392
Change in provisions	1,762	4,316
Change in working capital	42,521	(11,082)
Share of third parties in group result after taxation	459	(42)
Net cash flow from operational activities	122,381	69,040

Net investments in group companies	(6,276)	(28,313)
Investments in tangible fixed assets	(23,195)	(55,407)
Disposals of tangible fixed assets	4,801	1,936
Net investments in financial fixed assets	(9,407)	23,071
Net cash flow from investment activities	(34,077)	(58,713)

Dividend paid by Gamma Holding N.V.	(12,114)	(19,187)
Dividend paid by group companies to third parties	(382)	(405)
Proceeds from long-term loans	282,285	5,000
Repayments on long-term loans	(138,590)	(22,781)
Change in current interest-bearing liabilities	(215,607)	28,354
Net cash flow from financing activities	(84,408)	(9,019)

Exchange rate differences on cash and banks	(1,434)	178

Net cash flow	2,462	1,486