Group statement of cash flows

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Group statement of cash flows

 

 

 

 

 

 

 

January to September

in € million

 

2015

 

2014

Profit before tax

 

1,232

 

1,138

 

 

 

 

 

Adjustments to profit before tax to calculate cash flow from operating activities

 

 

 

 

Amortisation of intangible assets/depreciation of tangible assets

 

1,412

 

1,498

Impairments of financial assets

 

4

 

1

Profit/loss on disposal of non-current assets

 

–8

 

–52

Net interest

 

272

 

273

Finance income arising from finance leases in accordance with IFRIC 4/IAS 17

 

14

 

15

Share of profit or loss from associates and joint ventures (at equity)

 

–9

 

–16

Distributions/dividends received from associates and joint ventures

 

9

 

11

Income taxes paid

 

–370

 

–469

 

 

 

 

 

Changes in assets and liabilities

 

 

 

 

Change in inventories

 

–62

 

–119

Change in trade receivables

 

187

 

–251

Change in provisions

 

15

 

–88

Change in trade payables

 

–310

 

260

External funding/allocation to plan assets re. defined benefit obligations

 

 

–300

Change in other assets and liabilities

 

4

 

–13

Cash flow from operating activities

 

2,390

 

1,888

 

 

 

 

 

Payments for tangible and intangible assets and plants held under finance leases in accordance with IFRIC 4/IAS 17

 

–1,322

 

–1,402

Payments for investments in consolidated companies

 

–109

 

–51

Payments for investments in financial assets

 

–34

 

–47

Payments for investments in securities

 

–803

 

–555

Proceeds on disposal of securities

 

700

 

4

Proceeds on disposal of tangible and intangible assets and amortisation of receivables from finance leases in accordance with IFRIC 4/IAS 17

 

71

 

87

Proceeds on disposal of consolidated companies and from purchase price repayment claims

 

 

98

Proceeds on disposal of non-current assets held for sale and disposal groups

 

12

 

42

Proceeds on disposal of financial assets

 

86

 

67

Cash flow from investing activities

 

–1,399

 

–1,757

 

 

 

 

 

Dividend payments to Linde AG shareholders and non-controlling interests

 

–660

 

–624

Interest received

 

137

 

121

Interest paid

 

–410

 

–391

Proceeds of loans and capital market debt

 

2,130

 

2,583

Cash outflow for the repayment of loans and capital market debt

 

–2,119

 

–1,873

Cash outflow for the repayment of liabilities from finance leases

 

–19

 

–16

Cash flow from financing activities

 

–941

 

–200

 

 

 

 

 

Net cash inflow/outflow

 

50

 

–69

Opening balance of cash and cash equivalents

 

1,137

 

1,178

Effects of currency translation

 

–7

 

20

Closing balance of cash and cash equivalents

 

1,180

 

1,129