Search

Consolidated statement of cash flows
€ million Note 1 Jan.–31 Dec. 2015 1 Jan.–31 Dec. 2014
Cash flows from operating activities
Profit before tax 188.0 145.0
Adjustments
Depreciation according to plan 127.6 150.7
Finance income and costs 7.1 6.1
Other adjustments 31 40.1 63.3
174.8 220.1
Change in working capital
Current non-interest-bearing receivables, increase (-)/decrease (+) -1.8 31.7
Inventories increase (-)/decrease (+) -43.9 -6.9
Current non-interest-bearing liabilities, increase (+)/decrease (-) 7.0 -20.9
-38.8 3.9
Interest paid and other finance costs -17.6 -16.1
Interest received 8.9 13.0
Dividends received 0.1 0.1
Income taxes paid -38.9 -61.6
Net cash flows from operating activities 276.4 304.4
Cash flows from investing activities
Payments for acquisition of equity accounted investments 31 -11.0 0.0
Payments for tangible and intangible assets 31 -203.8 -193.6
Payments for available-for-sale financial assets - 0.0
Proceeds from sale of subsidiaries, net of cash disposed of 31 -47.3 0.3
Equity repaid by associates and joint ventures 9.5 -
Proceeds from sale of tangible and intangible assets 470.4 10.8
Non-current loan and receivables, increase (-)/decrease (+) -0.6 0.3
Net cash flows from investing activities 217.1 -182.1
Cash flows from financing activities
Interest-bearing liabilities, increase (+)/decrease (-) -58.6 -44.8
Repayments of finance lease liabilities -2.8 -1.0
Interest-bearing receivables, increase (-)/decrease (+) 1.8 -0.5
Dividends paid -156.1 -143.4
Proceeds from issue of shares - 2.1
Acquisition of treasury shares - -16.1
Short-term money market investments, increase (-)/decrease (+) -269.2 -56.8
Other items 19.3 6.8
Net cash flows from financing activities -465.7 -253.6
Change in cash and cash equivalents and current available-for-sale financial assets 27.8 -131.3
Cash and cash equivalents and current available-for-sale financial assets as at 1 January 31 313.3 453.0
Currency translation difference adjustment and change in value -7.1 -8.4
Cash and cash equivalents and current available-for-sale financial assets as at 31 December 31 334.1 313.3