Audi 2011 Annual Report Download - page 194

191
Consolidated Financial
Statements
188 Income Statement
189 Statement of Recognized
Income and Expense
190 Balance Sheet
191 Cash Flow Statement
192 Statement of Changes in Equity
Notes to the Consolidated
Financial Statements
194 Development of fixed assets
in the 2011 fiscal year
196 Development of fixed assets
in the 2010 fiscal year
198 General information
204 Recognition and
measurement principles
212 Notes to the Income Statement
218 Notes to the Balance Sheet
227 Additional disclosures
248 Events occurring subsequent
to the balance sheet date
249 Statement of Interests
held by the Audi Group
EUR million 2011 2010
Profit before profit transfer and income taxes 6,041 3,634
Income tax payments – 1,584 – 941
Impairment losses (reversals) on capitalized development costs 397 567
Impairment losses (reversals) on property, plant and equipment and
other intangible assets 1,395 1,542
Impairment losses (reversals) on financial assets 01
Depreciation of investment property 11
Result from the disposal of assets 13
Result from investments accounted for using the equity method – 111 – 95
Change in inventories – 933 – 599
Change in receivables – 1,004 213
Change in liabilities 1,313 969
Change in provisions 957 600
Other non-cash income and expenses – 177 – 97
Cash flow from operating activities 6,295 5,797
Additions of capitalized development costs – 596 – 630
Investments in property, plant and equipment and other intangible assets – 2,266 – 1,449
Acquisition of subsidiaries – 37 – 145
Acquisition of other participating interests – 27 – 63
Other cash changes 21 26
Change in investments in securities – 239 – 498
Change in fixed deposits and loans extended – 3,767 – 548
Cash flow from investing activities – 6,911 – 3,306
Capital contributions 1,005 586
Transfer of profit – 2,010 – 1,172
Capital transactions with minority interests –– 125
Change in financial liabilities 253 61
Lease payments 10
Cash flow from financing activities – 753 – 650
Change in cash and cash equivalents due to changes in exchange rates 82 68
Change in cash and cash equivalents – 1,287 1,908
Cash and cash equivalents at beginning of period 5,961 4,053
Cash and cash equivalents at end of period 4,675 5,961
EUR million 2011 2010
Cash and cash equivalents 4,675 5,961
Fixed deposits, securities and loans extended 12,235 8,247
Gross liquidity 16,909 14,208
Credit outstanding – 1,193 – 825
Net liquidity 15,716 13,383
The Cash Flow Statement is explained in Note 35.
Cash Flow Statement of the Audi Group
from January 1 to December 31