| Cash flow statement |
Oct. - Dec. (Q4) |
Jan. - Dec. (12M) |
|
| € million |
2006 |
2005 |
2006 |
2005 |
|
| Operating earnings (EBIT I) |
53.8 |
48.8 |
278.0 |
250.9 |
|
| Depreciation and amortisation on fixed assets* |
33.7 |
37.0 |
123.3 |
132.2 |
|
| Release of negative consolidation differences |
– |
0.2 |
– |
(1.6) |
|
Decrease(-)/increase(+) in non-current provisions
(without interest rate effects) |
4.1 |
21.1 |
(15.3) |
(0.5) |
|
| Interest received, dividends and similar income |
2.4 |
4.2 |
9.9 |
11.4 |
|
Gains(+)/losses(-) realised on the disposal of financial assets,
investment properties and securities |
(4.9) |
1.3 |
12.5 |
5.3 |
|
| Interest paid |
(7.3) |
(1.4) |
(15.3) |
(5.0) |
|
| Other financing income/expenses |
5.6 |
– |
(3.1) |
– |
|
| Income tax received/paid |
0.8 |
(8.2) |
(49.9) |
(49.6) |
|
| Other noncash expenses(+)/income(-) |
2.6 |
1.0 |
2.6 |
(1.6) |
|
| Gross cash flow |
90.8 |
104.0 |
342.7 |
341.5 |
|
| Gains(-)/losses(+) on the disposal of fixed assets |
6.4 |
(2.3) |
(12.2) |
(7.6) |
|
| Increase(-)/decrease(+) in inventories |
(46.5) |
(30.6) |
(33.7) |
(25.6) |
|
Increase(-)/decrease(+) in receivables and
other assets from operating activities |
(125.8) |
(120.5) |
(75.3) |
(146.1) |
|
| - of which derivative financial instruments |
(45.2) |
7.9 |
(41.6) |
(60.7) |
|
| Decrease(-)/increase(+) in liabilities from operating activities |
80.8 |
9.2 |
(4.0) |
34.1 |
|
| - of which derivative financial instruments |
24.1 |
(4.9) |
16.4 |
7.1 |
|
| Decrease(-)/increase(+) in current provisions |
(1.7) |
3.7 |
(8.6) |
28.0 |
|
| Out-financing of provisions |
(1.7) |
– |
(6.5) |
(3.5) |
|
| Cash flow provided by(+)/used in(-) operating activities |
2.3 |
(36.5) |
202.4 |
220.8 |
|
| Proceeds from disposals of fixed assets |
(6.2) |
4.0 |
15.3 |
10.5 |
|
| Disbursements for intangible assets |
(3.2) |
(1.4) |
(6.3) |
(4.2) |
|
| Disbursements for property, plant and equipment |
(48.4) |
(38.4) |
(124.2) |
(101.7) |
|
| Disbursements for financial assets |
(1.8) |
(0.5) |
(1.9) |
(0.7) |
|
| Disbursements for acquisition of consolidated companies |
0.1 |
– |
(357.7) |
– |
|
| Proceeds from sale/disbursements for acquisition of securities |
8.5 |
2.1 |
45.0 |
1.8 |
|
| Cash flow used in investing activities |
(51.0) |
(34.2) |
(429.8) |
(94.3) |
|
| Free cash flow |
(48.7) |
(70.7) |
(227.4) |
126.5 |
|
| Payment of dividend |
– |
– |
(74.3) |
(55.3) |
|
| Purchase of own shares |
(0.9) |
(66.7) |
(8.4) |
(66.7) |
|
| Payments from allocations to equity |
– |
– |
4.1 |
– |
|
| Taking out(+)/repayment (-) of loans |
51.0 |
(0.8) |
249.5 |
8.7 |
|
| Cash flow provided by(+)/used in(-) financing activities |
50.1 |
(67.5) |
170.9 |
(113.3) |
|
| |
|
|
|
|
|
| Change in cash and cash equivalents affecting cash flow |
1.4 |
(138.2) |
(56.5) |
13.2 |
|
| Change in value of cash and cash equivalents |
– |
0.2 |
– |
0.2 |
|
| Changes from consolidation |
(0.1) |
(5.8) |
3.1 |
(5.4) |
|
| Change in cash and cash equivalents |
1.3 |
(143.8) |
(53.4) |
8.0 |
|
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