Group statement of cash flows

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Group statement of cash flows

 

 

 

 

 

 

 

January to March

in € million

 

2016

 

2015

Profit before tax

 

441

 

425

 

 

 

 

 

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

 

 

 

 

Amortisation of intangible assets and depreciation of tangible assets

 

461

 

467

Impairments of financial assets

 

2

 

3

Profit/loss on disposal of non-current assets

 

–14

 

–6

Net interest

 

83

 

87

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

 

4

 

5

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

 

–3

 

–2

Distributions/dividends received from associates and joint ventures

 

4

 

1

Income taxes paid

 

–36

 

–99

 

 

 

 

 

Changes in assets and liabilities

 

 

 

 

Change in inventories

 

–8

 

–12

Change in trade receivables

 

–85

 

65

Change in provisions

 

86

 

16

Change in trade payables

 

117

 

–214

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

 

 

Change in other assets and liabilities

 

–169

 

4

Cash Flow from operating activities

 

883

 

740

 

 

 

 

 

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

 

–405

 

–442

Payments for investments in consolidated companies

 

–180

 

–71

Payments for investments in financial assets

 

–14

 

–10

Payments for investments in securities

 

–110

 

–101

Proceeds on disposal of securities

 

1

 

50

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

 

41

 

25

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

 

7

 

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

 

 

13

Proceeds on disposal of financial assets

 

5

 

9

Cash Flow from investing activities

 

–655

 

–527

 

 

 

 

 

Dividend payments to Linde AG shareholders and non-controlling interests

 

–1

 

–12

Cash outflows for the purchase of own shares

 

–3

 

Interest received

 

41

 

31

Interest paid

 

–88

 

–71

Proceeds of loans and capital market debt

 

1,051

 

344

Cash outflows for the repayment of loans and capital market debt

 

–1,163

 

–298

Cash outflows for the repayment of liabilities from finance leases

 

–5

 

–6

Cash Flow from financing activities

 

–168

 

–12

 

 

 

 

 

Net cash inflow/outflow

 

60

 

201

Opening balance of cash and cash equivalents

 

1,417

 

1,137

Effects of currency translation

 

–20

 

59

Closing balance of cash and cash equivalents

 

1,457

 

1,397