Condensed consolidated cash flow statement
| 1st quarter ended Dec. 31, 2006 |
1st quarter ended Dec. 31, 2007 |
|||
|---|---|---|---|---|
| Operating: | ||||
| Net income | 661 | 435 | ||
| Adjustments to reconcile net income to operating cash flows: | ||||
| Deferred income taxes (net) | 33 | 0 | ||
| Depreciation, amortization and impairment of non-current assets | 346 | 348 | ||
| Reversals of impairment losses of non-current assets | 0 | (13) | ||
| (Earnings)/losses from companies accounted for using the equity method, net of dividends received | (8) | (17) | ||
| (Gain)/loss on disposal of non-current assets | (2) | (1) | ||
| Changes in assets and liabilities, net of effects of acquisitions and divestitures: | ||||
| - inventories | (1,129) | (410) | ||
| - trade accounts receivable | 89 | 600 | ||
| - accrued pension and similar obligations | (195) | (23) | ||
| - other provisions | (114) | (192) | ||
| - trade accounts payable | (159) | (566) | ||
| - other assets/liabilities not related to investing or financing activities | (90) | (330) | ||
| Operating cash flows | (568) | (169) | ||
| Investing: | ||||
| Purchase of investments accounted for using the equity method and financial assets | (32) | (7) | ||
| Expenditures for acquisitions of consolidated companies | (31) | (26) | ||
| Cash acquired from acquisitions | 0 | 42 | ||
| Capital expenditures for property, plant and equipment and investment property | (750) | (867) | ||
| Capital expenditures for intangible assets | (19) | (31) | ||
| Proceeds from disposals of investments accounted for using the equity method and financial assets | 23 | 1 | ||
| Proceeds from disposals of previously consolidated companies | 135 | 3 | ||
| Cash of disposed businesses | (18) | (8) | ||
| Proceeds from disposals of property, plant and equipment and investment property | 101 | 40 | ||
| Proceeds from disposals of intangible assets | 13 | 4 | ||
| Cash flows from investing activities | (578) | (849) | ||
| Financing: | ||||
| Proceeds from liabilities to financial institutions | 567 | 210 | ||
| Repayments of liabilities to financial institutions | (524) | (355) | ||
| (Repayments on)/proceeds from notes payable and other loans | 0 | (81) | ||
| Increase in bills of exchange | 5 | 16 | ||
| (Decrease)/increase of liabilities due to sales of receivables not derecognized from the balance sheet | (14) | 5 | ||
| (Increase)/decrease in current securities | (15) | 9 | ||
| Profit attributable to minority interest | (9) | (16) | ||
| Other financing activities | 14 | (5) | ||
| Cash flows from financing activities | 24 | (217) | ||
| Net decrease in cash and cash equivalents | (1,122) | (1,235) | ||
| Effect of exchange rate changes on cash and cash equivalents | (8) | (8) | ||
| Cash and cash equivalents at beginning of reporting period | 4,447 | 3,658 | ||
| Cash and cash equivalents at end of reporting period | 3,317 | 2,415 | ||
| [thereof cash and cash equivalents within disposal groups] | [0] | [0] | ||
| Additional information regarding cash flows from interest, dividends and income taxes which are included in operating cash flows: | ||||
| Interest received | 37 | 38 | ||
| Interest paid | 42 | 42 | ||
| Dividends received | 6 | 8 | ||
| Income taxes paid | 182 | 67 |