Frontpage Financial statements Consolidated statement of cash flows, IFRS

Consolidated statement of cash flows, IFRS

     
       
€ million Note 2009 2008
       
Cash flows from operating activities      
Profit before tax   216.6 330.8
Adjustments:      
Depreciation according to plan   116.9 118.1
Financial income and expenses   16.0 -1.1
Other adjustments 37 -74.0 -130.1
    58.9 -13.2
Change in working capital      
Current non-interest-bearing receivables, increase (-) / decrease (+)   39.4 -10.3
Inventories increase (-) / decrease (+)   206.6 2.3
Current non-interest-bearing liabilities, increase (+) / decrease (-)   -83.9 -78.4
    162.2 -86.4
       
Interest paid and other financial expenses   -37.5 -32.6
Interest received   23.0 31.6
Dividends received   0.1 0.1
Income tax paid   -44.5 -99.0
Net cash generated from operating activities   378.8 131.4
       
Cash flows from investing activities      
Acquisition of subsidiary, net of cash acquired   -16.4 -35.0
Acquisition of associate   -0.2 0.0
Purchases of tangible and intangible assets   -205.2 -284.7
Purchases of available-for-sale financial assets   -0.8 -0.3
Disposal of subsidiary, net of cash disposed of 4, 38 52.3 121.3
Disposal of associate   0.1 1.5
Proceeds from sale of available-for-sale financial assets 39 1.2 0.2
Proceeds from sale of tangible and intangible assets   198.3 158.4
Increase in non-current loan receivables   0.0 -7.3
Decrease in non-current loan receivables   1.6 0.0
Net cash used in investing activities   31.0 -45.8
       
Cash flows from financing activities      
Increase (+) / decrease (-) in interest-bearing liabilities   -33.1 -47.1
Repayments of finance lease liabilities   0.2 -5.6
Increase (+) / decrease (-) in current interest-bearing receivables   -13.7 216.5
Dividends paid   -98.4 -172.5
Proceeds from issuance of shares   4.6 0.4
Increase (-) / decrease (+) in short-term money market investments   -97.6 -17.3
Other items   3.6 11.3
Net cash used in financing activities   -234.4 -14.3
       
Change in cash and cash equivalents and current
available-for-sale financial assets
  175.4 71.4
Cash and cash equivalents and current available-for-sale financial assets at 1 Jan. 40 319.3 245.3
Currency translation difference adjustment and value adjustment   -3.2 -0.7
Cash and cash equivalents related to available-for-sale assets   0.0 -1.8
Cash and cash equivalents and current available-for-sale financial assets at 31 Dec. 40 491.4 319.3