Decrease / increase in trade receivables and other assets
51,091
– 60,271
Decrease / increase in current provisions
– 8,475
3,503
Decrease / increase in advances received from customers
– 12,161
20,237
Decrease / increase in liabilities (excluding financial liabilities)
– 22,690
21,115
Other non-cash expenses (operating)
– 1,260
– 1,260
– 5,329
– 20,868
Cash flows from operating activities
134,498
116,637
Proceeds from disposal of intangible assets
90
772
Payments to acquire intangible assets
– 11,775
– 6,755
Proceeds from disposal of property, plant and equipment
2,956
4,533
Payments to acquire property, plant and equipment
– 71,606
– 75,833
Proceeds from disposal of non-current financial assets
91
257
Payments to acquire non-current financial assets
– 925
– 1,213
Proceeds from the sale of consolidated companies and other business operations (less acquired cash and cash equivalents)
–
700
Payments to acquire consolidated companies and other business operations (less acquired cash and cash equivalents)
–
– 352
Payments for investments in Group companies that are not fully consolidated
– 12,044
– 730
Payments for commercial papers
– 74,944
–
Proceeds from term deposits (maturity of more than 3 and up to 12 months)
110,027
154,121
Payments for term deposits (maturity of more than 3 and up to 12 months)
– 55,824
– 110,027
Cash flows from investing activities
– 113,954
– 34,527
Dividends paid for prior year – Shareholders of KSB AG (Notes No. 8)
– 9,857
– 15,111
Dividends paid for prior year – Non-controlling interests (Notes No. 8)
– 2,798
– 2,349
Proceeds from / Payments for financial liabilities
3,044
– 68,740
Payments to acquire non-controlling interests
–
– 1,200
Cash flows from financing activities
– 9,611
– 87,400
Changes in cash and cash equivalents
10,933
– 5,290
Effects of exchange rate changes on cash and cash equivalents
4,325
– 50
Effects of changes in consolidated Group
489
– 76
Cash and cash equivalents at beginning of period
273,136
278,552
Cash and cash equivalents at end of period
288,883
273,136
Cash flows from operating activities include cash flows from interest received amounting to € 6,357 thousand (previous year: € 7,635 thousand) and cash flows from (income) taxes totalling € – 31,807 thousand (previous year: € – 36,760 thousand). Cash flows from investing activities for the 2016 financial year include cash flows from dividends received of € 147 thousand (previous year: none). Cash flows from financing activities include cash flows from interest expense of € – 7,619 thousand (previous year: € 7,340 thousand).