Consolidated Cash Flow Statement
2000 1999
in millions of euros
Cash flow from operating activities
Operating profit
Earnings of non-consolidated companies
Depreciation and value adjustments
Changes in provisions
Changes in working capital
Cash flow from operations
Interest paid and received
Taxation paid on profit
Cash flow from operating activities
Dividends paid
Cash flow from operating activities
less dividends paid
Cash flow from investing activities
Tangible fixed assets
Consolidated companies
Non-consolidated companies
Other financial fixed assets
Cash flow from financing activities
Long-term borrowings
Repayment of long-term debts
Share-issue by group companies
Investment facilities
Net cash flow
Other movements in funds:
Changes in the consolidation
Changes in exchange rates
Movement in balance of funds
The balance of funds consists of:
Cash in bank and in hand
Securities
Indebtedness to credit institutions
Position on 31 December
921 799
59 51
468 428
-26 -27
- 29 - 46
1,393 1,205
- 67 - 42
-291 -227
1,035 936
- 160 -113
875 823
-418
-939
-107
-39
-1,503
-441
-55
-33
2
527
480
-187
41
1
335
-293
83
-97
13
283
-74
-6
-373
-74
11
220
801
23
-206
618
1,165
42
-216
991
56
