221
37.
STATEMENT OF CASH FLOWS
38. INFORMATION PURSUANT TO ART.149-DUODECIES OF THE CONSOB
ISSUER REGULATIONS
Net cash flow provided by operating activities amounted to
Euro 399 million in 2013.
This flow was influenced by an increase of Euro 19 million in
working capital. Therefore, after deducting Euro 64 million in
tax payments, net cash flow from operating activities in the
period was a positive Euro 399 million.
Net operating investments in 2013 amounted to Euro 114
million; in the case of the Energy segment, this expenditure
mainly referred to production capacity increases for high
voltage cables in Russia, for submarine cables in Italy and
Norway and for the Oil&Gas sector at the plants in Sorocaba
and Santo Andrè (Brazil). In the case of the Telecom segment,
of particular importance was the investment in Romania,
which has become one of Europe’s new centres of excellence
for optical telecom cables.
Cash flows provided by financing activities were influenced by
the distribution of dividends, amounting to Euro 92 million,
the repayment of the Credit Agreement 2010 for Euro 486
million, and by the simultaneous issue of the convertible
bond for Euro 296 million, net of related costs. Finance costs
paid net of finance income received came to Euro 126 million.
Pursuant to art. 149-duodecies of the Consob Issuer
Regulations, the following table shows the fees in 2013
and 2012 for audit work and other services provided by the
independent auditors PricewaterhouseCoopers S.p.A. and
companies in the PricewaterhouseCoopers network.
(in thousands of Euro)
Supplier of services
Recipient
Fees relating
Fees relating
to 2013
to 2012
Audit services
PricewaterhouseCoopers S.p.A.
Parent Company - Prysmian S.p.A.
1,140
772
PricewaterhouseCoopers S.p.A.
Italian subsidiaries
584
592
PricewaterhouseCoopers S.p.A.
Foreign subsidiaries
319
386
PricewaterhouseCoopers Network
Foreign subsidiaries
3,144
3,871
Certification services
PricewaterhouseCoopers S.p.A.
Parent Company - Prysmian S.p.A.
83
103
PricewaterhouseCoopers S.p.A.
Italian subsidiaries
110
102
PricewaterhouseCoopers Network
Foreign subsidiaries
-
-
Other services
PricewaterhouseCoopers S.p.A. Parent Company - Prysmian S.p.A.
(1)
105
115
PricewaterhouseCoopers S.p.A.
Italian subsidiaries
110
118
PricewaterhouseCoopers Network
Foreign subsidiaries
(2)
482
187
Total
6,077
6,246
(1) Audit support and other services.
(2) Tax and other services.
