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Financial statements Consolidated statement of cash flows, IFRS
CONSOLIDATED STATEMENT OF CASH FLOWS |
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| € million | Note | 2010 | 2009 |
| Cash flow from operating activities | |||
| Profit before tax | 312.4 | 216.6 | |
| Adjustments: | |||
| Depreciation according to plan | 116.3 | 116.9 | |
| Finance income and costs | -6.0 | 16.0 | |
| Other adjustments | 37 | 96.8 | -74.0 |
| 207.1 | 58.9 | ||
| Change in working capital | |||
| Current non-interest-bearing receivables, increase (-) / decrease (+) | -15.4 | 39.4 | |
| Inventories increase (-) / decrease (+) | -82.4 | 206.6 | |
| Current non-interest-bearing liabilities, increase (+) / decrease (-) | 152.8 | -83.9 | |
| 54.9 | 162.2 | ||
| Interest paid and other finance costs | -19.5 | -37.5 | |
| Interest received | 15.6 | 23.0 | |
| Dividends received | 0.1 | 0.1 | |
| Income tax paid | -132.3 | -44.5 | |
| Net cash generated from operating activities | 438.2 | 378.8 | |
| Cash flows from investing activities | |||
| Acquisition of real estate company, net of cash acquired | -130.5 | -16.4 | |
| Acquisition of associate | -33.9 | -0.2 | |
| Purchases of tangible and intangible assets | -197.9 | -205.2 | |
| Purchases of available-for-sale financial assets | -4.7 | -0.8 | |
| Disposal of subsidiary, net of cash disposed of | 4, 38 | 1.9 | 52.3 |
| Disposal of associate | 0.0 | 0.1 | |
| Proceeds from sale of available-for-sale financial assets | 39 | 0.5 | 1.2 |
| Proceeds from sale of tangible and intangible assets | 121.1 | 198.3 | |
| Decrease in non-current loan receivables | 3.9 | 1.6 | |
| Net cash used in investing activities | -239.6 | 31.0 | |
| Cash flows from financing activities | |||
| Increase (+) / decrease (-) in interest-bearing liabilities | 39.9 | -33.1 | |
| Repayments of finance lease liabilities | -0.4 | 0.2 | |
| Increase (-) / decrease (+) in current interest-bearing receivables | 11.0 | -13.7 | |
| Dividends paid | -106.2 | -98.4 | |
| Proceeds from issuance of shares | 4.2 | 4.6 | |
| Increase (-) / decrease (+) in short-term money market investments | -114.2 | -97.6 | |
| Other items | -15.3 | 3.6 | |
| Net cash used in financing activities | -181.0 | -234.4 | |
| Change in cash and cash equivalents and current available-for-sale financial assets | 17.6 | 175.4 | |
| Cash and cash equivalents and current available-for-sale financial assets at 1 Jan. | 40 | 491.4 | 319.3 |
| Currency translation difference adjustment and change in fair value | 0.4 | -3.2 | |
| Cash and cash equivalents and current available-for-sale financial assets at 31 Dec. | 40 | 509.4 | 491.4 |