| Cash flow statement |
Apr. - Jun. (Q2) |
Jan. - Jun. (H1) |
| € million |
2007 |
2006 |
2007 |
2006 |
| Operating earnings (EBIT I) |
69.4 |
59.4 |
172.7 |
172.5 |
| Depreciation and amortisation on fixed assets* |
31.0 |
29.8 |
62.0 |
59.8 |
Decrease(-)/increase(+) in non-current provisions
(without interest rate effects) |
(13.2) |
(10.8) |
(12.0) |
(16.7) |
| Interest received, dividends and similar income |
3.3 |
4.2 |
4.9 |
5.5 |
Gains(+)/losses(-) realised on the disposal of financial assets,
investment properties and securities |
0.1 |
15.2 |
0.1 |
16.8 |
| Interest paid |
(5.1) |
(1.9) |
(10.3) |
(3.1) |
| Other financing income/expenses |
(0.2) |
(8.3) |
(0.7) |
(8.3) |
| Income tax received/paid |
(17.7) |
(12.8) |
(45.0) |
(37.7) |
| Other non-cash expenses(+)/income(-) |
(0.5) |
– |
(0.5) |
– |
| Gross cash flow |
67.1 |
74.8 |
171.2 |
188.8 |
| Gains(-)/losses(+) on the disposal of fixed assets and securities |
(0.2) |
(15.6) |
(1.3) |
(18.6) |
| Increase(-)/decrease(+) in inventories |
7.6 |
10.4 |
71.9 |
20.6 |
Increase(-)/decrease(+) in receivables and
other assets from operating activities |
49.4 |
103.0 |
(184.7) |
(19.2) |
| - of which: premium volume of derivatives |
(77.9) |
5.5 |
(75.6) |
8.9 |
| Decrease(-)/increase(+) in liabilities from operating activities |
(3.6) |
(47.2) |
44.6 |
(66.1) |
| - of which: premium volume of derivatives |
(3.4) |
(3.3) |
(4.8) |
(5.5) |
| Decrease(-)/increase(+) in current provisions |
(44.0) |
(61.4) |
16.3 |
(9.4) |
| Out-financing of provisions |
(2.1) |
(2.2) |
(4.6) |
(2.6) |
| Cash flow from operating activities |
74.2 |
61.8 |
113.4 |
93.5 |
| Proceeds from disposals of fixed assets |
0.7 |
16.6 |
2.7 |
19.6 |
| Disbursements for intangible assets |
(2.2) |
(0.9) |
(5.2) |
(1.8) |
| Disbursements for property, plant and equipment |
(23.5) |
(29.0) |
(46.1) |
(44.0) |
| Disbursements for financial assets |
– |
– |
(0.1) |
(0.1) |
| Disbursements for acquisition of consolidated companies |
– |
(358.9) |
(0.5) |
(358.9) |
| Proceeds from sale/disbursements for acquisition of securities |
– |
17.1 |
– |
37.9 |
| Cash flow for investing activities |
(25.0) |
(355.1) |
(49.2) |
(347.3) |
| Free cash flow |
49.2 |
(293.3) |
64.2 |
(253.8) |
| Payment of dividend |
(82.5) |
(74.2) |
(82.5) |
(74.2) |
| Purchase of own shares |
– |
– |
(5.2) |
(7.5) |
| Payments from allocations to equity |
2.7 |
4.1 |
2.7 |
4.1 |
| Taking out(+)/repayment (-) of loans |
(35.1) |
230.5 |
(28.2) |
232.0 |
| Cash flow from(+)/for(-) financing activities |
(114.9) |
160.4 |
(113.2) |
154.4 |
| |
|
|
|
|
| Change in cash and cash equivalents affecting cash flow |
(65.7) |
(132.9) |
(49.0) |
(99.4) |
| Change in value of cash and cash equivalents |
– |
(0.2) |
– |
– |
| Changes from consolidation |
– |
3.2 |
– |
3.2 |
| Change in cash and cash equivalents |
(65.7) |
(129.9) |
(49.0) |
(96.2) |
| |
|
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