Cash Flow Statement

Year

2013

2014

Earnings before taxes

-138.1

5.5

Depreciation on intangible assets, property, plant and equipment

59.6

29.1

Changes in provisions

119.0

-38.8

Changes in inventories and other assets

22.1

105.5

Changes in payables and other liabilities

-32.0

-66.5

Other activities

3.5

8.4

Cash flows from operating activities

34.1

43.2

Proceeds from disposal of intangible assets, property, plant and equipment

2.6

3.6

Payments for investment in intangible assets, property, plant and equipment

-24.0

-18.4

Proceeds from disposal of investments

0.2

0.5

Payments for investments and for
the acquisition of consolidated companies

-9.7

-1.8

Investment subsidies received and
dividends received

-

1.6

Cash flows from investing activities

-30.9

-14.5

Free cash flow

3.2

28.7

Proceeds from capital contributions

0.3

-

Proceeds from loans

1.1

-

Repayment of loans

-17.2

-6.3

Dividends paid and changes in equity attr. to non-conrolling interests

-6.6

-0.2

Cash flows from financing activities

-22.4

-6.5

Change in funds

-19.2

22.2

Effect of changes in exchange rates

-1.7

-

Funds at beginning of period 

206.3

185.4

Funds at end of period 

185.4

207.6