Consolidated statement of cash flows
Financial Statements cont ued
For the year ended 31 December 2006
In millions of EUR Note 2006 2005
Operating activities
Profit
1,345
869
Adjustments for:
Depreciation, amortisation and impairments
10
786
768
Net interest expenses
133
139
Gain on sale of property, plant equipment,
intangible assets and subsidiaries,
joint ventures and associates
7
(379)
(63)
Investment income and share of profit of associates
(40)
(42)
Income tax expense
12
365
300
Other non-cash items
285
368
Cash flow from operations before changes
in working capital and provisions
2,495
2,339
Change in inventories
(50)
(18)
Change in trade and other receivables
46
(76)
Change in trade and other payables
102
208
Total change in working capital
98
114
Change in provisions and employee benefits
(211)
(240)
Cash flow from operations
2,382
2,213
Interest paid received
(138)
(141)
Dividend received
13
20
Income taxes paid
(408)
(220)
Cash flow used for interest, dividend and income tax
(533)
(341)
Cash flow from operating activities
1,849
1,872
Investing activities
Proceeds from sale of property, plant equipment
and intangible assets
182
161
Purchase of property, plant equipment
13
(844)
(853)
Purchase of intangible assets
14
(33)
(21)
Loans and advances issued to customers
and other investments
(166)
(152)
Repayment on loans and advances
to customers
134
131
Cash flow used in operational investing activities
(727)
(734)
Acquisition of subsidiaries, joint ventures,
minority interests and associates, net of cash acquired
(113)
(730)
Disposal of subsidiaries, joint ventures, minority
interests and associates, net of cash disposed
41
270
Cash flow used for acquisitions and disposals
(72)
(460)
Cash flow used in investing activities
(799)
(1,194)
TOHe\neker\ N.V.
Annual Report 2006
