Change

In € millions

 

Note

 

 

 

20111

 

 

 

2012

1

Restated to present Decorative Paints North America as a discontinued operation.

Profit/(loss) for the period

 

 

 

541

 

 

 

(2,106)

 

 

Income from discontinued operations

 

2

 

59

 

 

 

436

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to reconcile earnings to cash generated from operating activities

 

 

 

 

 

 

 

 

 

 

Amortization/depreciation

 

6,7

 

565

 

 

 

635

 

 

Impairment losses

 

6,7,10

 

12

 

 

 

2,160

 

 

Financing income and expenses

 

4

 

336

 

 

 

267

 

 

Results from associates and joint ventures

 

8

 

(24)

 

 

 

(13)

 

 

Pre-tax result on divestments

 

 

 

(23)

 

 

 

28

 

 

Income tax

 

 

 

233

 

 

 

172

 

 

Changes in working capital

 

12

 

(331)

 

 

 

251

 

 

Changes in provisions

 

 

 

(484)

 

 

 

(688)

 

 

Interest paid

 

 

 

(282)

 

 

 

(231)

 

 

Income tax paid

 

5

 

(227)

 

 

 

(209)

 

 

Other

 

 

 

21

 

 

 

35

 

 

Net cash from operating activities

 

 

 

 

 

396

 

 

 

737

Capital expenditures

 

12

 

(658)

 

 

 

(826)

 

 

Interest received

 

 

 

39

 

 

 

48

 

 

Dividends from associates and joint ventures

 

8

 

10

 

 

 

9

 

 

Acquisition of consolidated companies

 

2

 

(205)

 

 

 

(94)

 

 

Proceeds from divestments

 

 

 

49

 

 

 

216

 

 

Other changes

 

 

 

(47)

 

 

 

(79)

 

 

Net cash from investing activities

 

 

 

 

 

(812)

 

 

 

(726)

Proceeds from borrowings

 

17

 

911

 

 

 

1,583

 

 

Borrowings repaid

 

17

 

(1,381)

 

 

 

(1,013)

 

 

Acquisition of non-controlling interests

 

 

 

(8)

 

 

 

(51)

 

 

Issue of shares for stock option plan

 

3

 

15

 

 

 

8

 

 

Dividends

 

 

 

(362)

 

 

 

(256)

 

 

Net cash from financing activities

 

 

 

 

 

(825)

 

 

 

271

 

 

 

 

 

 

 

 

 

 

 

Net cash used for continuing operations

 

 

 

 

 

(1,241)

 

 

 

282

Cash flows from discontinued operations

 

 

 

 

 

(96)

 

 

 

(53)

Net change in cash and cash equivalents of continued and discontinued operations

 

 

 

 

 

(1,337)

 

 

 

229

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at January 1

 

12

 

 

 

2,683

 

 

 

1,335

Effect of exchange rate changes on cash and cash equivalents

 

 

 

 

 

(11)

 

 

 

(6)

Cash and cash equivalents

 

 

 

 

 

1,335

 

 

 

1,558

Keyword Search
Copyright © 2013 Akzo Nobel N.V.