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Consolidated statement of cash flows

for the year ended December 31


 

 

 

 

Download XLS

 

 

 

 

 

In € millions

 

 

 

 

 

 

2008

 

2007

1

Comprises a decrease of €19 million in trade and other receivables (2007: €62 million), an decrease of €14 million in inventories (2007: €16 million), and a decrease of €389 million in trade and other payables (2007: €151 million).

2

Net of cash and cash equivalents acquired or disposed of.

3

Including dividends to ICI shareholders.

 

 

 

 

 

Profit for the period

(1,021)

 

9,361

 

Income from discontinued operations

(23)

 

(8,920)

 

 

 

 

 

 

Adjustments to reconcile earnings to cash generated from operating activities

 

 

 

 

Amortization/depreciation

612

 

355

 

Inventory step-up

54

 

 

Impairment losses

1,430

 

11

 

Financing income and expenses

183

 

120

 

Results from associates and joint ventures

(25)

 

(27)

 

Pre-tax result on divestments

23

 

70

 

Income tax

260

 

166

 

Changes in working capital1

(356)

 

73

 

Changes in provisions

(511)

 

(256)

 

Interest paid

(218)

 

(212)

 

Income tax paid

(317)

 

(111)

 

Other

 

13

 

Net cash from operating activities

 

91

 

643

 

 

 

 

 

Capital expenditures

(534)

 

(359)

 

Interest received

103

 

119

 

Associates and joint ventures

43

 

26

 

Acquisition of consolidated companies2

(10,187)

 

(159)

 

Currency swap for investing purposes

 

(349)

 

Proceeds from sale of interests2

3,586

 

171

 

Other changes

(40)

 

(292)

 

Net cash from investing activities

 

(7,029)

 

(843)

 

 

 

 

 

Proceeds from borrowings

1,000

 

525

 

Borrowings paid off

(1,433)

 

(103)

 

Termination of currency swap

 

68

 

Settlement of former ICI net investment hedges

(49)

 

 

Issue of shares for stock option plan

7

 

73

 

Buyback of shares

(1,437)

 

(1,600)

 

Dividends3

(581)

 

(398)

 

Net cash from financing activities

 

(2,493)

 

(1,435)

 

 

 

 

 

Net cash used for continuing operations

 

(9,431)

 

(1,635)

 

 

 

 

 

 

 

 

 

 

Cash flows from discontinued operations

 

7

 

11,083

 

 

 

 

 

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

 

(9,424)

 

9,448

 

 

 

 

 

Cash and cash equivalents at January 1

 

11,067

 

1,631

Effect of exchange rate changes on cash and cash equivalents

 

(194)

 

(12)

 

 

 

 

 

Cash and cash equivalents

 

1,449

 

11,067

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