APC 2011 Annual Report Download - page 156
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154 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
CONSOLIDATED FINANCIAL STATEMENTS
5CONSOLIDATED STATEMENT OFCASHFLOWS
>
2. Consolidated statement
ofcashflows
(inmillions of euros) Note Full year 2011 Full year 2010
I - Cash fl ows from operating activities:
Profi t for the period 1,904 1,796
Share of (profi t)/losses of associates, net of dividends received (28) (6)
Adjustments to reconcile net profi t to net cash provided by operating
activities:
Depreciation of property, plant and equipment 386 358
Amortization of intangible assets other than goodwill 380 387
Impairment losses on non-current assets 31 29
Increase/(decrease) in provisions (89) (49)
Losses/(gains) on disposals of assets 12 (21)
Difference between tax paid and tax expense (65) 14
Other 48 26
Net cash provided by operating activities before changes in operating
assets and liabilities, before tax 2,579 2,534
Decrease/(increase) in accounts receivable (280) (291)
Decrease/(increase) in inventories and work in process (38) (515)
(Decrease)/increase in accounts payable (41) 373
Change in other current assets and liabilities 32 161
Change in working capital requirement (327) (272)
Total I 2,252 2,262
II - Cash fl ows from investing activities:
Purchases of property, plant and equipment (515) (376)
Proceeds from disposals of property, plant and equipment 52 84
Purchases of intangible assets (297) (239)
Proceeds from disposals of intangible assets 14 3
Net cash used by investment in operating assets (746) (528)
Net fi nancial investments 2 (2,873) (1,754)
Purchases of other long-term investments (54) 5
Increase in long-term pension assets (64) -
Sub-total (2,991) (1,749)
Total II (3,737) (2,277)
III - Cash fl ows from fi nancing activities:
Issuance of long-term debt 24 1,692 1,000
Repayment of long-term debt (500) (1,160)
Sale/(purchase) of own shares - 249
Increase/(reduction) in other fi nancial debt 432 (273)
Issuance of shares 210 305
Dividends paid: Schneider ElectricSA * (856) (195)
Non-controlling interests (69) (46)
Total III 909 (120)