| download table |
|
Statement of Cash Flows | ||||||
|
€ million |
Notes |
2011 |
2010 | |||
|
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|
| |||
|
Net income for the year |
|
356.1 |
497.0 | |||
|
Write-downs and impairments/write-ups of noncurrent assets |
|
501.0 |
429.9 | |||
|
Changes in provisions |
|
39.2 |
58.8 | |||
|
Changes in deferred taxes |
|
8.1 |
15.0 | |||
|
Other non-cash expenses and income |
|
-45.5 |
-58.7 | |||
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Result from disposal of noncurrent assets |
|
0.4 |
-13.5 | |||
|
Result from equity accounting and joint venture dividends |
|
9.8 |
38.8 | |||
|
Changes in inventories |
|
-192.1 |
-46.7 | |||
|
Changes in trade receivables |
|
43.0 |
-78.6 | |||
|
Changes in other assets |
|
-29.2 |
-36.2 | |||
|
Changes in other liabilities |
|
22.2 |
132.1 | |||
|
Changes in advance payments made and received |
|
154.0 |
165.2 | |||
|
Cash flow from operating activities (gross cash flow) |
867.0 |
1,103.1 | ||||
|
Investment in intangible assets, property, plant and equipment, and investment property |
|
-781.1 |
-617.3 | |||
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Investment in financial assets |
|
-18.4 |
-1.4 | |||
|
Payments for loans to joint ventures and associates accounted for using the equity method |
|
-34.9 |
-11.7 | |||
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Proceeds from the disposal of intangible assets, property, plant and equipment |
|
1.3 |
4.7 | |||
|
Proceeds from the disposal of investments |
|
1.6 |
– | |||
|
Proceeds from the disposal of joint ventures and associates accounted for using the equity method |
|
– |
25.4 | |||
|
Investments in acquisitions |
|
– |
-81.2 | |||
|
Cash flow from noncurrent investment activities before securities |
|
-831.5 |
-681.5 | |||
|
Acquisition of securities |
|
-187.5 |
-252.2 | |||
|
Disposal of securities |
|
40.0 |
– | |||
|
Cash flow from investment activities |
-979.0 |
-933.7 | ||||
|
Dividends paid |
|
-159.0 |
-59.6 | |||
|
Dividends paid to non-controlling interests |
|
-1.1 |
-0.7 | |||
|
Bank loans raised |
|
262.6 |
303.7 | |||
|
Bank loans repaid |
|
-54.7 |
-230.5 | |||
|
Other financial liabilities incurred |
|
-0.8 |
0.9 | |||
|
Other financial liabilities repaid |
|
-9.6 |
-10.1 | |||
|
Cash flow from financing activities |
37.4 |
3.7 | ||||
|
Changes due to exchange-rate fluctuations |
|
3.3 |
8.5 | |||
|
Changes in cash and cash equivalents |
-71.3 |
181.6 | ||||
|
At the beginning of the year |
|
545.2 |
363.6 | |||
|
At the end of the year |
|
473.9 |
545.2 | |||
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Additional information on payment transactions included |
|
|
| |||
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Taxes paid |
|
-262.0 |
-286.1 | |||
|
Interest paid |
|
-24.4 |
-22.9 | |||
|
Interest received |
|
13.2 |
7.1 | |||
|
Dividends received |
|
2.1 |
0.8 | |||