62 Consolidated Statement of Cash Flows For the year ended 31 December - Heineken NV. Report of the Report of the Financial Sustainability Other Annual Report 2016 Introduction Executive Board Supervisory Board Statements Review Information In millions of EUR Note 2016 2015 Operating activities Profit 1,739 2,141 Adjustments for: Amortisation, depreciation and impairments 11 1,817 1,594 Net interest expenses 12 359 352 Gain on sale of property, plant and equipment, intangible assets and subsidiaries, joint ventures and associates 8 (46) (411) Investment income and share of profit and impairments of associates and joint ventures and dividend income on available-for-sale and held-for-trading investments (161) (182) Income tax expenses 13 673 697 Other non-cash items 332 89 Cash flow from operations before changes in working capital and provisions 4,713 4,280 Change in inventories (20) 27 Change in trade and other receivables (228) (59) Change in trade and other payables 328 403 Total change in working capital 80 371 Change in provisions and employee benefits (73) (165) Cash flow from operations 4,720 4,486 Interest paid (441) (446) Interest received 70 87 Dividends received 118 159 Income taxes paid (749) (797) Cash flow related to interest, dividend and income tax (1,002) (997) Cash flow from operating activities 3,718 3,489 Investing activities Proceeds from sale of property, plant and equipment and intangible assets 116 83 Purchase of property, plant and equipment (1,757) (1,638) Purchase of intangible assets (109) (92) Loans issued to customers and other investments (219) (195) Repayment on loans to customers 24 45 Cash flow (used in)/from operational investing activities (1,945) (1,797) Free operating cash flow 1,773 1,692 Acquisition of subsidiaries, net of cash acquired (9) (757) Acquisition of/additions to associates, joint ventures and other investments (68) (543) Disposal of subsidiaries, net of cash disposed of 6/7 15 979 Disposal of associates, joint ventures and other investments 54 Cash flow (used in)/from acquisitions and disposals (62) (267) Cash flow (used in)/from investing activities (2,007) (2,064)

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2016 | | pagina 63