APC 2014 Annual Report Download - page 186

Download and view the complete annual report

Please find page 186 of the 2014 APC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 336

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285
  • 286
  • 287
  • 288
  • 289
  • 290
  • 291
  • 292
  • 293
  • 294
  • 295
  • 296
  • 297
  • 298
  • 299
  • 300
  • 301
  • 302
  • 303
  • 304
  • 305
  • 306
  • 307
  • 308
  • 309
  • 310
  • 311
  • 312
  • 313
  • 314
  • 315
  • 316
  • 317
  • 318
  • 319
  • 320
  • 321
  • 322
  • 323
  • 324
  • 325
  • 326
  • 327
  • 328
  • 329
  • 330
  • 331
  • 332
  • 333
  • 334
  • 335
  • 336

5CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2014
CONSOLIDATED STATEMENT OF CASH FLOWS
Consolidated statement
2.
ofcashflows
(inmillions of euros) Note Full year 2014 Full year 2013*
Profit for the year 2,061 1,985
Less net result from discontinued operations (169) (61)
Share of (profit)/losses of associates, net of dividends received (14) (20)
Adjustments to reconcile net profit to net cash flows provided by operating activities:
Depreciation of property, plant and equipment 13 414 401
Amortization of intangible assets other than goodwill 12 483 408
Impairment losses on non-current assets 5 26 51
Increase/(decrease) in provisions 23 (68) (101)
Losses/(gains) on disposals of fixed assets 12 2
Difference between tax paid and tax expense (188) (112)
Other non-cash adjustments 83 75
Net cash provided by operating activities before changes in currentassets and
2,640 2,628liabilities
Decrease/(increase) in accounts receivable (246) 41
Decrease/(increase) in inventories and work in process 169 (25)
(Decrease)/increase in accounts payable (85) 262
Change in other current assets and liabilities 55 (40)
Change in working capital requirement (107) 238
Total I – Cash flows from operating activities 2,533 2,866
Purchases of property, plant and equipment 13 (475) (465)
Proceeds from disposals of property, plant and equipment 40 92
Purchases of intangible assets 12 (396) (349)
Proceeds from disposals of intangible assets 2 16
Net cash used by investment in operating assets (829) (706)
Net financial investments 2 (2,490) (294)
Proceeds from sale of financial assets 5 -
Purchases of other long-term investments 108 (115)
Increase in long-term pension assets (121) (65)
Sub-total (2,498) (474)
Total II – Cash flows from/(used in) investing activities (3,327) (1,180)
Issuance of bonds 24 - 600
Repayment of bonds 24 (720) (587)
Sale/(purchase) of own shares (371) 26
Increase/(reduction) in other financial debt (818) 1,073
Proceeds from issuance of shares 237 209
Dividends paid: Schneider ElectricSE (1,095) (1,025)
Non-controlling interests (110) (31)
Total III – Cash flows from/(used in) financing activities (2,877) 265
184 2014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC