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Note 7: Discontinued operations


The net gain from discontinued operations in 2011 of €8 million relates to the businesses divested in previous years to Schering-Plough, Henkel and National Starch as well as the divestment of a remaining stake in the Acordis business.

Profit from discontinued operations

 

 

 

 

 

In € millions

 

2010

 

2011

Revenue

 

777

 

Expenses

 

(667)

 

Results from operating activities

 

110

 

Income tax

 

(36)

 

Results form operating activities after tax

 

74

 

Gain on the sale of National Starch

 

56

 

Income tax on the sale

 

(3)

 

Results related to discontinued operations in previous years

 

(53)

 

(3)

Tax related to discontinued operations in previous years

 

16

 

11

Profit for the period

 

90

 

8

Cash flows from discontinued operations

 

 

 

 

 

In € millions

 

2010

 

2011

Net cash from operating activities

 

40

 

(2)

Net cash from investing activities

 

1,051

 

13

Net cash from financing activities

 

4

 

Net cash from discontinued operations

 

1,095

 

11

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