APC 2009 Annual Report Download - page 118

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2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC116
CONSOLIDATED FINANCIAL STATEMENTS
5CONSOLIDATED STATEMENT OFCASHFLOWS
>
2. Consolidated s tatement
ofc ashf lows
(in millions of euros) Note Full year 2009 Full year 2008
I - Cash fl ows from operating activities:
Profi t for the period 894 1,723
Share of (profi t)/ losses of associates, net of dividends received 21 (12)
Adjustments to reconcile net profi t to net cash provided by operating activities:
Depreciation of property, plant and equipment 339 328
Amortisation of intangible assets other than goodwill 257 220
Losses on non-current assets 132 72
Increase/(decrease) in provisions 131 93
Change in deferred taxes (116) (23)
Losses/(gains) on disposals of assets 39 18
Other 37 81
Net cash provided by operating activities before changes in operating
assets and liabilities 1,734 2,500
(Increase)/decrease in accounts receivable 543 (31)
(Increase)/decrease in inventories and work in process 450 (50)
Increase/(decrease) in accounts payable (176) (5)
Change in other current assets and liabilities (4) 14
Change in working capital requirement 813 (72)
Total I 2,547 2,428
II - Cash fl ows from investing activities:
Purchases of property, plant and equipment (337) (416)
Proceeds from disposals of property, plant and equipment 27 14
Purchases of intangible assets (268) (298)
Proceeds from disposals of intangible assets 2 7
Net cash used by investment in operating assets (576) (693)
Purchases of fi nancial investments, net 2 (63) (598)
Purchases of other long-term investments (40) (17)
Increase in long-term pension assets -28
Sub-total (103) (587)
Total II (679) (1,280)