| Statement of cash flows for the period |
| € million |
Q3/09 |
Q3/08 |
9M/09 |
9M/08 |
| Result after operating hedges (EBIT II) |
17.4 |
468.1 |
208.0 |
906.3 |
Income(-)/expenses(+) from market value changes of
hedging transactions not yet due |
(5.7) |
35.7 |
10.8 |
13.3 |
Neutralising previous market value changes of
derecognised hedging transactions |
(2.3) |
(0.3) |
(17.3) |
(1.4) |
| Income(-)/ expenses(+) from double-knock-out options |
– |
(1.3) |
– |
136.7 |
| Operating earnings (EBIT I) |
9.4 |
502.2 |
201.5 |
1,054.9 |
| Depreciation (+)/write-ups (-) on fixed assets* |
35.9 |
39.1 |
106.0 |
105.4 |
Increase(+)/decrease(-) in non-current provisions
(without interest rate effects) |
0.9 |
35.3 |
(8.3) |
21.6 |
| Interest, dividends and similar income received |
0.6 |
0.7 |
2.7 |
2.5 |
Realised gains(+)/losses(-) on the disposal of financial
assets and securities |
0.5 |
0.2 |
0.8 |
11.5 |
| Interest paid |
(39.1) |
(4.8) |
(44.1) |
(22.9) |
| Remaining financial costs (-)/financing income (+) |
– |
(0.5) |
– |
(0.5) |
| Income tax paid(-)/received(+) |
11.1 |
(120.4) |
(24.0) |
(193.2) |
| Other non-cash expenses(+)/income(-) |
(0.3) |
5.0 |
(1.9) |
2.0 |
| Gross cash flow |
19.0 |
456.8 |
232.7 |
981.3 |
| Gain(-)/loss(+) on the disposal of fixed assets and securities |
(0.1) |
0.1 |
– |
(10.5) |
| Increase(-)/decrease(+) in inventories |
25.0 |
(130.0) |
144.0 |
(185.9) |
Increase(-)/decrease(+) in receivables and
other assets from operating activities |
106.6 |
(148.7) |
162.5 |
(380.8) |
| - of which premium volume for derivatives |
17.7 |
(8.3) |
34.3 |
(24.1) |
| Payments from the exercise and sale of options |
– |
(17.9) |
– |
37.6 |
Increase(+)/decrease(-) in liabilities from operating
activities |
6.5 |
170.3 |
(200.3) |
225.6 |
| - of which premium volume for derivatives |
(8.7) |
0.8 |
(4.4) |
0.8 |
| Increase(+)/decrease(-) of current provisions |
(52.4) |
27.7 |
(12.4) |
64.8 |
| Out-financing of provisions |
(0.4) |
(2.9) |
(2.1) |
(5.9) |
| Cash flow from operating activities |
104.2 |
355.4 |
324.4 |
726.2 |
| Proceeds from disposals of fixed assets |
1.1 |
0.6 |
2.4 |
1.9 |
| Disbursements for intangible assets |
(0.6) |
(1.4) |
(2.0) |
(3.8) |
| Disbursements for property, plant and equipment |
(42.9) |
(47.0) |
(112.1) |
(129.3) |
| Disbursements for financial assets |
(0.1) |
(0.3) |
(1.1) |
(2.4) |
| Payments from exchange rate hedging of acquisitions |
(87.9) |
– |
(87.9) |
– |
| Cash flow for investing activities |
(130.4) |
(48.1) |
(200.7) |
(133.6) |
| Free cash flow |
(26.2) |
307.3 |
123.7 |
592.6 |
| Dividends paid |
– |
– |
(396.0) |
(82.5) |
| Payments from allocations to equity |
– |
– |
7.9 |
3.2 |
| Purchase of own shares |
– |
– |
(13.9) |
(6.1) |
| Sale of own shares |
– |
– |
– |
0.7 |
| Increase (+)/decrease (-) in liabilities from finance lease |
– |
– |
(0.1) |
(0.1) |
| Taking out(+)/repayment (-) of loans |
376.8 |
1.1 |
438.7 |
(290.7) |
| Incoming payments (+)/repayments (-) from the issuing of bonds |
747.0 |
– |
747.0 |
– |
| Cash flow from/for financing activities |
1,123.8 |
1.1 |
783.6 |
(375.5) |
| |
|
|
|
|
Change in cash and cash equivalents affecting
cash flow |
1,097.6 |
308.4 |
907.3 |
217.1 |
| Change in value of cash and cash equivalents |
(5.1) |
3.9 |
(5.0) |
(0.7) |
| Consolidation-related changes |
– |
– |
0.9 |
(2.4) |
| Change in cash and cash equivalents |
1,092.5 |
312.3 |
903.2 |
214.0 |
| |
|
|
|
|
| Net cash and cash equivalents as of 1 January |
– |
– |
160.6 |
(151.4) |
| Net cash and cash equivalents as of 30 September |
– |
– |
1,063.8 |
62.6 |
| |
|
|
|
|
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