Financial Statements
Service
Consolidated statement of cash flows
See Note 36 for further explanatory information
| in million euros | 2011 restated1 | 2012 |
| Operating profit (EBIT) | 1,765 | 2,199 |
| Income taxes paid | –426 | –588 |
| Amortization/depreciation/impairment/write-ups of intangible assets and property, plant and equipment2 | 403 | 409 |
| Net gains/losses on disposal of intangible assets and property, plant and equipment, and from divestments | –68 | –12 |
| Change in inventories | –105 | 64 |
| Change in trade accounts receivable | –111 | –37 |
| Change in other assets | 21 | –18 |
| Change in trade accounts payable | 111 | 256 |
| Change in other liabilities and provisions | –28 | 361 |
| Cash flow from operating activities | 1,562 | 2,634 |
| Purchase of intangible assets and property, plant and equipment | –393 | –422 |
| Acquisition of subsidiaries and other business units | –4 | –113 |
| Purchase of associated companies and joint ventures held at equity | – | –5 |
| Proceeds on disposal of subsidiaries and business units | 53 | 3 |
| Proceeds on disposal of intangible assets and property, plant and equipment | 47 | 58 |
| Cash flow from investing activities | –297 | –479 |
| Dividends paid to shareholders of Henkel AG & Co. KGaA | –307 | –342 |
| Dividends paid to non-controlling shareholders | –16 | –27 |
| Interest received | 37 | 46 |
| Interest paid | –200 | –191 |
| Dividends and interest paid and received | –486 | –514 |
| Change in borrowings | –181 | –131 |
| Allocation to pension funds | –46 | –247 |
| Other changes in pension obligations | –102 | –102 |
| Purchase of non-controlling interests with no change of control | –3 | –10 |
| Other financing transactions | 16 | –1,854 |
| Cash flow from financing activities | –802 | –2,858 |
| Net change in cash and cash equivalents | 463 | –703 |
| Effect of exchange rates on cash and cash equivalents | 2 | –39 |
| Change in cash and cash equivalents | 465 | –742 |
Cash and cash equivalents at January 1 |
1,515 | 1,980 |
Cash and cash equivalents at December 31 |
1,980 | 1,238 |
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Additional voluntary information |
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| in million euros | 2011 | 2012 |
| Cash flow from operating activities | 1,562 | 2,634 |
| Purchase of intangible assets and property, plant and equipment | –393 | –422 |
| Proceeds on disposal of intangible assets and property, plant and equipment | 47 | 58 |
| Net interest paid | –163 | –145 |
| Other changes in pension obligations | –102 | –102 |
| Free cash flow | 951 | 2,023 |