APC 2010 Annual Report Download - page 154

CONSOLIDATED FINANCIAL STATEMENTS
5CONSOLIDATED STATEMENT OFCASHFLOWS
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2. Consolidated statement
ofcashflows
(in millions of euros) Note Full year2010 Full year2009*
I - Cash fl ows from operating activities:
Profi t for the period 1,796 866
Share of (profi t)/losses of associates, net of dividends received (6) 21
Adjustments to reconcile net profi t to net cash provided by operating
activities:
Depreciation of property, plant and equipment 358 339
Amortisation of intangible assets other than goodwill 387 257
Impairment losses on non-current assets 29 132
Increase/(decrease) in provisions (51) 131
Change in deferred taxes (50) (114)
Losses/(gains) on disposals of assets (21) 39
Other 26 37
Net cash provided by operating activities before changes in operating
assets and liabilities 2,468 1,708
Decrease/(increase) in accounts receivable (405) 543
Decrease/(increase) in inventories and work in process (515) 450
(Decrease)/increase in accounts payable 487 (176)
Change in other current assets and liabilities 227 22
Change in working capital requirement (206) 839
Total I 2,262 2,547
II - Cash fl ows from investing activities:
Purchases of property, plant and equipment (376) (337)
Proceeds from disposals of property, plant and equipment 84 27
Purchases of intangible assets (239) (268)
Proceeds from disposals of intangible assets 3 2
Net cash used by investment in operating assets (528) (576)
Net fi nancial investments 2 (1,754) (63)
Purchases of other long-term investments 5 (40)
Increase in long-term pension assets - 0
Sub-total (1,749) (103)
Total II (2,277) (679)
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC152