Audi 2012 Annual Report Download - page 202

205
Consolidated Financial
Statements
202 Income Statement
203 Statement of Recognized
Income and Expense
204 Balance Sheet
205 Cash Flow Statement
206 Statement of Changes in Equity
Notes to the Consolidated
Financial Statements
208 Development of fixed assets
in the 2012 fiscal year
210 Development of fixed assets
in the 2011 fiscal year
212 General information
218 Recognition and
measurement principles
227 Notes to the Income Statement
233 Notes to the Balance Sheet
244 Additional disclosures
266 Events occurring subsequent to
the balance sheet date
267 Statement of Interests
held by the Audi Group
EUR million 2012 2011
Profit before profit transfer and income taxes 5,956 6,041
Income tax payments – 1,984 – 1,584
Impairment losses (reversals) on capitalized development costs 429 397
Impairment losses (reversals) on property, plant and equipment and other
intangible assets 1,487 1,395
Depreciation of investment property 11
Result from the disposal of assets 71
Result from investments accounted for using the equity method – 176 – 111
Change in inventories – 66 – 933
Change in receivables 475 – 1,004
Change in liabilities 11,313
Change in provisions 31 957
Other non-cash income and expenses – 19 – 177
Cash flow from operating activities 6,144 6,295
Additions of capitalized development costs – 923 – 596
Investments in property, plant and equipment and other intangible assets – 2,334 – 2,266
Acquisition of subsidiaries – 591 – 37
Acquisition of other participating interests – 3,020 – 27
Sale of subsidiaries 44 –
Other cash changes 19 21
Change in investments in securities – 126 – 239
Change in fixed deposits and loans extended 2,034 – 3,767
Cash flow from investing activities – 4,896 – 6,911
Capital contributions 1,569 1,005
Transfer of profit – 3,138 – 2,010
Change in financial liabilities – 34 253
Lease payments – 3– 1
Cash flow from financing activities – 1,606 – 753
Change in cash and cash equivalents due to changes in exchange rates – 36 82
Change in cash and cash equivalents – 393 – 1,287
Cash and cash equivalents at beginning of period 4,675 5,961
Cash and cash equivalents at end of period 4,281 4,675
EUR million 2012 2011
Cash and cash equivalents 4,281 4,675
Fixed deposits, securities and loans extended 10,428 12,235
Gross liquidity 14,709 16,909
Credit outstanding – 1,313 – 1,193
Net liquidity 13,396 15,716
The Cash Flow Statement is explained in Note 38.
Cash Flow Statement of the Audi Group
from January 1 to December 31