Change

Condensed consolidated cash flow statement

 

 

 

 

 

In € millions

 

2011

 

2012

Cash and cash equivalents opening balance

 

2,683

 

1,335

Profit/(loss) for the period from continuing operations

 

600

 

(1,670)

Amortization, depreciation and impairments

 

577

 

2,795

Changes in working capital

 

(331)

 

251

Changes in provisions

 

(484)

 

(688)

Other changes

 

34

 

49

Net cash from operating activities

 

396

 

737

Capital expenditures

 

(658)

 

(826)

Acquisitions and divestments

 

(156)

 

122

Other changes

 

2

 

(22)

Net cash from investing activities

 

(812)

 

(726)

Changes from borrowings

 

(470)

 

570

Dividends

 

(362)

 

(256)

Other changes

 

7

 

(43)

Net cash from financing activities

 

(825)

 

271

Net cash used from continuing operations

 

(1,241)

 

282

Cash flows from discontinued operations

 

(96)

 

(53)

Net change in cash and cash equivalents of total operations

 

(1,337)

 

229

Effect of exchange rate changes on cash and cash equivalents

 

(11)

 

(6)

Cash and cash equivalents at year-end

 

1,335

 

1,558

Cash flows

Operating activities in 2012 resulted in a cash inflow of €737 million (2011: €396 million). The change is mainly due to a net effect of higher cash inflow from working capital, partly offset by higher payments related to provisions (mainly in relation to pensions).

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