Consolidated statement of cash flows 74 Annual Report 2009 - Heineken N.V. Financial Statements For the year ended 31 December 2009 In millions of EUR Note 2009 2008 Operating activities Profit 1,142 347 Adjustments for: Amortisation, depreciation and impairments 11 1,083 1,206 Net interest (incomej/expenses 12 543 378 Gain on sale of property, plant equipment, intangible assets and subsidiaries, joint ventures and associates 8 (41) (32) Investment income and share of profit and impairments of associates and joint ventures (138) 108 Income tax expenses 13 286 248 Other non-cash items 1 74 Cash flow from operations before changes in working capital and provisions 2,876 2,329 Change in inventories 202 (157) Change in trade other receivables 337 (184) Change in trade and other payables (319) 294 Total change in working capital 220 (47) Change in provisions and employee benefits (67) (114) Cash flow from operations 3,029 2,168 Interest paid and received (467) (309) Dividend received 62 52 Income taxes paid (245) (251) Cash flow related to interest, dividend and income tax (650) (508) Cash flow from operating activities 2,379 1,660

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2009 | | pagina 71