Notes to the Consolidated Cash Flow Statement
The consolidated cash flow statement has been drawn up
using the indirect method. The various consolidated profit
and loss account and balance sheet items have been
adjusted for changes which have no effect on the receipts
and payments during the year. Working capital comprises
stocks, receivables and current liabilities (excluding bank
overdrafts and repayment commitments on long-term
borrowings in 2003). The cash flow from investing
activities relates to the net amount of investments and
disposals. The net cash position consists of cash in hand
and at bank, securities and bank overdrafts.
Provisions
Long-term
Repayment
borrowings
commitments
Position as at 1 January 2002
1,024
797
32
Revaluation/exchange differences
- 14
- 11
-1
Changes in the consolidation
51
81
11
Other non-cash-flow movements
-72
-136
220
Cash flow movements
-8
484
-56
Position as at 31 December 2002
981
1,215
206
Working capital
Position as at 1 January 2002 -22
Movements in balance sheet items in connection
with dividends, interest and taxation - 2
Revaluation/exchange differences - 49
Changes in the consolidaton 57
Other non-cash-flow movements - 42
Cash flow movements 223
Position as at 31 December 2002 165
FINANCIAL STATEMENTS 2002
63
