V. Further Explanatory Notes on the Cash Flow Statement

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The cash flow statement for the 2008 reporting period and the prior year was prepared in accordance with IAS 7 and reports cash flows broken down by cash inflows and cash outflows from operating, investing and financing activities. Cash flow is determined using the indirect method.

As in the prior year, cash and cash equivalents comprise cash on hand, checks and bank balances with a residual term of three months or less and are presented as the balance sheet item “Cash and cash equivalents”. The currency translation effects on cash and cash equivalents are shown separately in the calculation.