Consolidated statement of cash flows 68 Financial statements For the year ended 31 December 2007 In millions of EUR Note 2007 2006 Operating activities Profit 972 1,345 Adjustments for: Amortisation, depreciation and impairments 11 764 786 Net interest (income)/expenses 12 101 133 Gain on sale of property, plant equipment, intangible assets and subsidiaries, joint ventures and associates 8 (30) (379) Investment income and share of profit of associates (41) (40) Income tax expenses 13 429 365 Other non-cash items 103 31 Cash flow from operations before changes in working capital and provisions 2,298 2,241 Change in inventories (140) (43) Change in trade and other receivables (175) 85 Change in trade and other payables 282 102 Total change in working capital (33) 144 Change in provisions and employee benefits (53) (3) Cash flow from operations 2,212 2,382 Interest paid and received (96) (138) Dividend received 27 13 Income taxes paid (413) (408) Cash flow used for interest, dividend and income tax (482) (533) Cash flow from operating activities 1,730 1,849 Investing activities Proceeds from sale of property, plant equipment and intangible assets 81 182 Purchase of property, plant equipment 14 (1,123) (844) Purchase of intangible assets 15 (22) (33) Loans issued to customers and other investments (146) (166) Repayment on loans to customers 225 134 Cash flow used in operational investing activities (985) (727) Acquisition of subsidiaries, joint ventures and minority interests, net of cash acquired 6 (245) (84) Acquisition of associates and other investments (89) (29) Disposal of subsidiaries, joint ventures and minority interests, net of cash disposed of 6 12 17 Disposal of associates and other investments 44 24 Cash flow used for acquisitions and disposals (278) (72) Cash flow used in investing activities (1,263) (799) Heineken N.V. Annual Report 2007

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2007 | | pagina 66