Consolidated Statement
of Cash Flows
62
Financial statements
For the year ended 31 December 2010
2010
Operating activities
Profit
1,568
1,14;
Adjustments for:
Amortisation, depreciation and impairments
11
1,118
1,08:
Net interest expenses
12
490
543
Gain on sale of property, plant equipment, intangible assets
and subsidiaries, joint ventures and associates
8
(239)
(41
Investment income and share of profit and impairments
of associates and joint ventures
(200)
(138
Income tax expenses
13
399
28 6
Other non-cash items
163
Cash flow from operations before changes in working capital and provisions
3,299
2,876
Change in inventories
95
Change in trade and other receivables
515
337
Change in trade and other payables
(156)
(319
Total change in working capital
454
22C
Change in provisions and employee b
(205)
(67
Cash flow from operations
3,548
3,029
Interest paid
Interest received
(554)
15
(46
Dividend received
91
62
Income taxes paid
(443)
(245
Cash flow related to interest, dividend and income tax
(891)
(65C
Cash flow from operating activities
2,657
2,379
Investing activities
Proceeds from sale of property, plant equipment and intangible assets
113
180
Purchase of property, plant equipment
14
(648)
(678
Purchase of intangible assets
15
(56)
(99
Loans issued to customers and other investments
(145)
(117
Repayment on loans to customers
72
Cash flow (used in)/from operational investing activities
(664)
(638
Free operating cash flow
1,993
1,741
Acquisition of subsidiaries, net of cash acquired*
6
17
(84
Acquisition of associates, joint ventures and other investments
(77)
(116
Disposal of subsidiaries and non-controlling interests, net of cash disposed of
6
270
Disposal of associates, joint ventures and other investments
47
Cash flow (used in)/from acquisitions and disposals
257
(149
Cash flow (used in)/from investing activities
(407)
(787
to Financing in 2010, comparatives have not been adjusted.
