Consolidated statement of cash flows

Q2/HY 2008-2009

 Q2 2009Q2 2008HY 2009HY 2008
Profit before income taxes126284248540
Adjustments for:
Depreciation, amortisation and impairments8486166178
Share based payments   5   4   9   8
Investment income:
   (Profit)/loss on sale of property, plant and equipment(2)(13)(7)(23)
   (Profit)/loss on sale of Group companies(20)   0(20)   0
   Interest and similar income(5)(13)(15)(31)
   Foreign exchange (gains) and losses   2   2   4   7
   Interest and similar expenses44519296
   Results from investments in associates100111
Changes in provisions:
   Pension liabilities(57)(44)(94)(90)
   Other provisions9(29)(9)(54)
Changes in working capital:
   Inventory00(1)0
   Trade accounts receivable46(5)87(62)
   Other accounts receivable37(38)4(10)
   Other current assets54(1)(20)(59)
   Trade accounts payable(2)34123
   Other current liabilities excluding short term financing and taxes(42)1928145
Cash generated from operations289337484669
Interest paid(36)(46)(58)(74)
Income taxes paid157(76)141(130)
Net cash from operating activities410215567465
Interest received7131827
Dividends received0000
Acquisition of group companies (net of cash)(39)(2)(80)(3)
Disposals of group companies and joint ventures230230
Investment in associates(3)(5)(8)(6)
Disposals of associates0000
Capital expenditure on intangible assets(15)(22)(27)(38)
Disposal of intangible assets1010
Capital expenditure on property, plant and equipment(43)(66)(97)(134)
Proceeds from sale of property, plant and equipment9162131
Other changes in (financial) fixed assets1013
Changes in minority interests0111
Net cash used in investing activities(59)(65)(147)(119)
Repurchases of shares0(171)0(280)
Cash proceeds from the exercise of shares/options1111
Proceeds from long term borrowings00460
Repayments to long term borrowings(2)(1)(2)(2)
Proceeds from short term borrowings092166135
Repayments to short term borrowings(295)(6)(345)(45)
Repayments to finance leases(7)(6)(10)(8)
Dividends paid0(202)0(202)
Financing relating to our discontinued operations0000
Net cash used in financing activities(303)(293)(144)(401)
Changes in cash from continuing operations48(143)276(55)
Cash at beginning of the period726378497295
Cash from divested business0000
Exchange rate differences (2)0(1)(5)
Changes in cash from continuing operations48(143)276(55)
Cash at end of period as reported772235772235
in € millions


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