(in million €) H1 2015 H2 2015 H1 2016
Profit (loss) from continuing operations 86.1 74.7 104.6
Adjustments for profit of equity companies (7.0) (2.8) (7.3)
Adjustment for non-cash transactions 126.7 107.9 74.2
Adjustments for items to disclose separately or under investing and financing cashflows 30.7 20.0 40.4
Change in working capital requirement (164.7) 51.6 (12.8)
Cashflow generated from operations 71.8 251.3 199.1
Dividend received 18.0 5.9 6.8
Tax paid during the period (38.3) (42.6) (37.4)
Government grants received (0.2) (0.8) 0.0
Net operating cashflow 51.2 213.9 168.5
Acquisition of property, plant and equipment (83.4) (121.1) (77.2)
Acquisition of intangible assets (10.3) (10.6) (9.9)
Acquisition of new subsidiaries, net of cash acquired 0.5 0.0 -
Acquisition of / capital increase in associates (1.8) - (0.0)
Acquisition of financial assets (0.1) - (8.6)
New loans extended (2.7) (0.6) 0.0
Sub-total acquisitions (97.7) (132.3) (95.7)
Disposal of property, plant and equipment 1.4 0.8 0.8
Disposal of intangible assets (0.0) 1.7 -
Disposal of subsidiaries and associates, net of cash disposed 0.4 0.2 0.0
Capital decrease in associates 0.2 - -
Disposal of financial fixed assets 0.0 - 5.5
Repayment of loans 3.4 0.0 0.8
Sub-total disposals 5.4 2.7 7.1
Net cashflow generated by (used in) investing activities (92.3) (129.6) (88.6)
Capital increase (decrease) minority 1.5 2.0 0.0
Own shares 22.9 (32.7) 26.0
Interest received 1.3 2.4 1.2
Interest paid (4.4) (4.9) (5.0)
New loans and repayments 23.1 3.7 (10.8)
Dividends paid to Umicore shareholders (54.4) (54.2) (72.7)
Dividends paid to minority shareholders (3.6) (1.7) (1.2)
Net cashflow generated by (used in) financing activities (13.6) (85.5) (62.5)
Effect of exchange rate fluctuations (20.8) 3.5 1.7
Total net cashflow of the period (75.5) 2.4 19.0
Net cash and cash equivalents at the beginning of the period for continuing operations 102.9 27.4 66.2
Impact of final financing carved out entities - 36.4 0.0
Net cash and cash equivalents at the end of the period for continuing operations 27.4 66.2 85.2
Cash for discontinued operations 68.5 37.9 30.9
of which cash and cash equivalents 117.9 112.4 128.2
of which bank overdrafts (22.1) (8.3) (12.1)
 
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