Philips 2011 Annual Report Download - page 124
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12 Group financial statements 12.7 - 12.7
124 Annual Report 2011
2009 2010 2011
Cash flows from discontinued operations
Net cash used for operating activities 153 34 (270)
Net cash provided by investing activities (54) (56) (94)
Net cash used for discontinued operations 99 (22) (364)
Net cash (used for) provided by continuing and discontinued operations 781 1,358 (2,679)
Effect of changes in exchange rates on cash and cash equivalents (15) 89 (7)
Cash and cash equivalents at the beginning of the year 3,620 4,386 5,833
Cash and cash equivalents at the end of the year 4,386 5,833 3,147
Supplemental disclosures to the Consolidated statements of cash flows
2009 2010 2011
Net cash paid during the year for:
Pensions (422) (474) (639)
Interest (244) (226) (231)
Income taxes (197) (206) (582)
Net gain on sale of assets:
Cash proceeds from the sale of assets 927 514 234
Book value of these assets (788) (675) (164)
Deferred results on sale and leaseback transactions − 4 −
Non-cash proceeds − 361 18
139 204 88
Non-cash investing and financing information
Assets in lieu of cash from the sale of businesses:
28
Shares/share options/convertible bonds − 3 18
Conversion of convertible personnel debentures 3 6 −
Treasury shares transaction:
Shares acquired − − (751)
Exercise of stock options 29 65 80
The years 2009 and 2010 are restated to present the Television business as discontinued operations.
The accompanying notes are an integral part of these consolidated financial statements.
For a number of reasons, principally the effects of translation differences and consolidation changes, certain items in the statements of cash flows do not correspond to the
differences between the balance sheet amounts for the respective items.