Group statement of cash flows

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Group statement of cash flows

 

 

January to September

in € million

 

2016

 

2015

Profit before tax

 

1,367

 

1,232

 

 

 

 

 

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

 

 

 

 

Amortisation of intangible assets and depreciation of tangible assets

 

1,397

 

1,412

Impairments of financial assets

 

4

 

4

Profit/loss on disposal of non-current assets

 

–30

 

–8

Net interest

 

231

 

272

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

 

11

 

14

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

 

–12

 

–9

Distributions/dividends received from associates and joint ventures

 

15

 

9

Income taxes paid

 

–327

 

–370

 

 

 

 

 

Changes in assets and liabilities

 

 

 

 

Change in inventories

 

–41

 

–62

Change in trade receivables

 

–62

 

187

Change in provisions

 

–5

 

15

Change in trade payables

 

111

 

–310

Change in other assets and liabilities

 

–156

 

4

Cash flow from operating activities

 

2,503

 

2,390

 

 

 

 

 

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

 

–1,225

 

–1,322

Payments for investments in consolidated companies

 

–190

 

–109

Payments for investments in financial assets

 

–45

 

–34

Payments for investments in securities

 

–1,238

 

–803

Proceeds on disposal of securities

 

1,229

 

700

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

 

137

 

71

Proceeds on disposal of consolidated companies

 

87

 

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

 

 

12

Proceeds on disposal of financial assets

 

28

 

86

Cash flow from investing activities

 

–1,217

 

–1,399

 

 

 

 

 

Dividend payments to Linde AG shareholders and non-controlling interests

 

–709

 

–660

Interest received

 

137

 

137

Interest paid

 

–429

 

–410

Proceeds of loans and capital market debt

 

4,152

 

2,130

Cash outflows for the repayment of loans and capital market debt

 

–4,140

 

–2,119

Cash outflows for the repayment of liabilities from finance leases

 

–15

 

–19

Cash flow from financing activities

 

–1,004

 

–941

 

 

 

 

 

Net cash inflow/outflow

 

282

 

50

Opening balance of cash and cash equivalents

 

1,417

 

1,137

Effects of currency translation

 

–18

 

–7

Cash disclosed as non-current assets classified as held for sale and disposal groups

 

 

Closing balance of cash and cash equivalents

 

1,681

 

1,180