Annual report 2014

Haniel Group statement of cash flows

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EUR million Note 2014 2013*
Profit after taxes   686 267
Depreciation and amortisation, impairment losses and reversals on non-current assets   162 286
Change in pension provisions and other non-current provisions   -6 -8
Income/expenses from changes in deferred taxes   13 -15
Non-cash income/expenses and dividends of investments accounted for at equity   -14 2
Gains/losses from the disposal of non-current assets and consolidated companies and from remeasurement for changes in shares   -696 -26
Other non-cash income/expenses and other payments   30 56
Haniel cash flow   175 562
   
Change in inventories, receivables and similar assets   -212 -61
Change in current non-interest-bearing liabilities, current provisions and similar liabilities   -98 159
Cash flow from operating activities   -135 660
   
Proceeds from the disposal of property, plant and equipment, intangible assets and other assets   41 553
Payments for investments in property, plant and equipment, intangible assets and other assets   -766 -256
Proceeds from the disposal of consolidated companies and other business units   1,508 54
Payments for acquisitions of consolidated companies and other business units   -4 -42
Cash flow from investing activities   779 309
   
Proceeds from contributions to equity   0 0
Payments to shareholders   -43 -34
Payments from changes in shares in companies already consolidated   0 146
Proceeds from issuance of financial liabilities   654 1,148
Repayments of financial liabilities   -1,704 -2,224
Cash flow from financing activities   -1,093 -964
   
Cash and cash equivalents at the beginning of the period   22 560
Cash and cash equivalents classified as assets held for sale at the beginning of the period   536 1
Increase/decrease in cash and cash equivalents   -449 5
Non-cash increase/decrease in cash and cash equivalents   2 -8
Cash and cash equivalents classified as assets held for sale at the end of the period   0 536
Cash and cash equivalents at the end of the period 31 111 22

The cash flow from operating activities includes dividends received in the amount of EUR 1 million (previous year: EUR 107 million), interest income of EUR 9 million (previous year: EUR 7 million) and interest payments of EUR 223 million (previous year: EUR 334 million). EUR 61 million was paid in income taxes (previous year: EUR 106 million).

* Prior-year figures adjusted in accordance with IAS 8; see the explanations in the
explanatory notes.