Note 18: Cash flow

Operating activities in 2015 resulted in cash inflows of €1,136 million (2014: €811 million). Profit from continuing operations was higher in 2015 as a result of process optimization, lower costs, reduced restructuring expenses, favorable currencies and incidental items. Net cash from operating activities benefited from increased profit from continuing operations.

Changes in working capital per cash flow statement

 

 

 

 

 

In € millions

 

2014

 

2015

Trade and other receivables

 

(113)

 

(29)

Inventories

 

(59)

 

56

Trade and other payables

 

200

 

19

Total

 

28

 

46

Changes in provisions per cash flow statement

 

 

 

 

 

In € millions

 

2014

 

2015

Post-retirement provisions

 

(348)

 

(474)

Restructuring provisions

 

16

 

(132)

Environmental and sundry provisions

 

(74)

 

(52)

Total

 

(406)

 

(658)

In 2014, €92 million of the change in sundry provisions concerned discontinued operations.