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ERICA Working Group

The ERICA WG has published a new “ERICA series” document, under the title: “Analysis of Cash-Flow in European listed groups (ERICA database): a snapshot of the 2005-2014 period”. This short note offers an example of the usefulness of consolidated accounts data (under IFRS standards) for economic and financial analysis. Using the information reported by the main listed non financial European groups in their Cash-Flow statements, it can be highlighted the drop in investing activities, intensification of the deleverage process, keeping altogether a good operating performance as a result of its worldwide geographical diversification, afforded by European multinationals over the period 2005 to 2014.