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Financial Statements Consolidated income statement Consolidated statement of cash flows
Consolidated statement of cash flows
| € million | Note | 2011 | 2010 |
| Cash flow from operating activities | |||
| Profit before tax | 282.1 | 312.4 | |
| Adjustments: | |||
| Depreciation according to plan | 124.8 | 116.3 | |
| Finance income and costs | -0.7 | -6.0 | |
| Other adjustments | 37 | -6.5 | 96.8 |
| 117.6 | 207.1 | ||
| Change in working capital | |||
| Current non-interest-bearing receivables, increase (-) / decrease (+) | -89.0 | -15.4 | |
| Inventories increase (-) / decrease (+) | -118.9 | -82.4 | |
| Current non-interest-bearing liabilities, increase (+) / decrease (-) | 126.7 | 152.7 | |
| -81.2 | 54.8 | ||
| Interest paid and other finance costs | -16.0 | -19.5 | |
| Interest received | 22.0 | 15.6 | |
| Dividends received | 0.1 | 0.1 | |
| Income tax paid | -109.0 | -132.3 | |
| Net cash generated from operating activities | 215.7 | 438.1 | |
| Cash flows from investing activities | |||
| Acquisition of subsidiaries, net of cash acquired | -20.7 | - | |
| Acquisition of associate | 0.0 | -33.9 | |
| Purchases of tangible and intangible assets | -427.1 | -328.4 | |
| Purchases of available-for-sale financial assets | -1.1 | -4.7 | |
| Disposal of subsidiary, net of cash disposed of | - | 1.9 | |
| Proceeds from disposal of available-for-sale financial assets | 0.0 | 0.5 | |
| Proceeds from disposal of tangible and intangible assets | 8.2 | 121.1 | |
| Increase in non-current loan and receivables | -0.4 | - | |
| Decrease in non-current loan and receivables | - | 3.9 | |
| Net cash used in investing activities | -441.1 | -239.6 | |
| Cash flows from financing activities | |||
| Increase (+) / decrease (-) in interest-bearing liabilities | -55.5 | 39.9 | |
| Repayments of finance lease obligations | -2.7 | -0.4 | |
| Increase (-) / decrease (+) in current interest-bearing receivables | -37.3 | 11.0 | |
| Dividends paid | -132.9 | -106.2 | |
| Proceeds from issuance of shares | 0.1 | 4.2 | |
| Purchase of treasury shares | -22.9 | - | |
| Increase (-) / decrease (+) in short-term money market investments | 199.4 | -114.2 | |
| Other items | 0.5 | -15.3 | |
| Net cash used in financing activities | -51.2 | -181.0 | |
| Change in cash and cash equivalents and current available-for-sale financial assets | -276.6 | 17.5 | |
| Cash and cash equivalents and current available-for-sale financial assets at 1 Jan. | 38 | 509.4 | 491.4 |
| Currency translation difference adjustment and change in fair value | -2.0 | 0.4 | |
| Cash and cash equivalents and current available-for-sale financial assets at 31 Dec. | 38 | 230.8 | 509.4 |