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Essilor : 2008 Results
Date:3/5/2009

n-cash items 148,886 139,306 132,509 Profit before non-cash items and share of profits of associates, net of dividends received 558,334 524,843 457,698 Provision charges (reversals) 9,810 5,127 4,328 (Gains) and losses on asset disposals, net 629 (1,557) 312 Cash flow after income tax expense and finance costs, net 568,773 528,413 462,338 Finance costs, net (692) 3,008 10,134 Income tax expense (current and deferred taxes) 149,266 155,949 137,534 Cash flow before income tax expense and finance costs, net 717,347 687,370 610,006 Income taxes paid (144,650) (157,034) (127,553) Interest (paid) and received, net 8,607 6,364 (4,543) Change in working capital (84,503) (44,796) (26,849) NET CASH FROM OPERATING ACTIVITIES 496,801 491,904 451,061 Purchases of property, plant and equipment (184,298) (227,701) (204,745) Acquisitions of subsidiaries, net of the (452,879) (136,435) (44,024) cash acquired Purchases of available-for-sale financial assets (4,673) (2,375) (2,135) Purchases of other long-term financial investments (11,978) (5,488) (4,829) Proceeds from the sale of subsidiaries, net of cash sold 0 0 (116) Proceeds from the sale of other non-current assets 3,799 6,937 14,080 NET CASH USED IN INVESTING ACTIVITIES (650,029) (365,062) (241,769) Proceeds from issue of share capital 31,385 40,200 33,312
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