Audi 2008 Annual Report Download - page 191

172
EUR million 2008 2007
Profit before profit transfer and income taxes 3,177 2,915
Income tax payments – 946 – 1,395
Amortization of capitalized development costs 530 656
Impairment losses (reversals) on property, plant and equipment and
other intangible assets 1,371 1,433
Impairment losses (reversals) on financial assets and goodwill amortization – 63 198
Result from the disposal of assets – 10 1
Result from investments accounted for using the equity method – 14 2
Change in provisions 494 597
Change in inventories – 600 – 157
Change in receivables – 198 – 349
Change in liabilities 562 961
Other non-cash income and expenses 35 14
Cash flow from operating activities 4,338 4,876
Additions of capitalized development costs – 547 – 497
Investments in property, plant and equipment and other intangible assets – 1,906 – 1,578
Acquisition of affiliated companies and participating interests – 58 – 44
Sale of shares 101 3
Other cash changes – 2 32
Change in securities 487 – 308
Change in fixed deposits and loans extended – 3,991 – 102
Cash flow from investing activities – 5,916 – 2,494
Capital contributions 706 433
Transfer of profit – 1,412 – 856
Change in financial liabilities 111 – 82
Lease payments – 1 – 2
Cash flow from financing activities – 596 – 507
Change in cash and cash equivalents due to changes in group of
consolidated companies 250 8
Change in cash and cash equivalents due to changes in exchange rates 17 – 27
Change in cash and cash equivalents – 1,907 1,856
Cash and cash equivalents at beginning of period 6,740 4,884
Cash and cash equivalents at end of period 4,833 6,740
EUR million 2008 2007
Cash and cash equivalents 4,833 6,740
Fixed deposits, securities and loans extended 5,134 1,651
Gross liquidity 9,967 8,391
Credit outstanding – 675 – 531
Net liquidity 9,292 7,860
The Cash Flow Statement is explained in Note 35.
Cash Flow Statement of the Audi Group
from January 1 to December 31, 2008