Audi 2013 Annual Report Download - page 222

CASH FLOW STATEMENT OF THE AUDI GROUP
CONSOLIDATED FINANCIAL STATEMENTS
219
B
EUR million 2013 2012 1)
Profit before profit transfer and income taxes 5,323 5,951
Income tax payments –1,431 –1,984
Impairment losses (reversals) on capitalized development costs 528 429
Impairment losses (reversals) on proper , plant and equipment
and other intangible assets 1,543 1,487
Depreciation of investment property 0 1
Result from the disposal of assets –6 7
Result from investments accounted for using the equity method –73 –176
Change in inventories –300 –66
Change in receivables –1,227 475
Change in liabilities 1,320 1
Change in provisions 762 37
Change in leasing and rental assets 2 2
Other non-cash income and expenses 338 –19
Cash flow from operating activities 6,778 6,144
Additions of capitalized development costs –1,207 –923
Investments in property, plant and equipment and other intangible assets –2,386 –2,334
Acquisition of subsidiaries –31 –591
Acquisition of other participations –5 –3,020
Sale of subsidiaries – 44
Other cash changes 40 19
Change in investments in securities –510 –126
Change in fixed deposits and loans extended 1,426 2,034
Cash flow from investing activities –2,674 –4,896
Capital contributions 1,895 1,569
Transfer of profit –3,790 –3,138
Change in financial liabilities 174 –34
Lease payments –5 –3
Cash flow from financing activities –1,726 –1,606
Change in cash and cash equivalents due to changes in exchange rates –120 –36
Change in cash and cash equivalents 2,258 –393
Cash and cash equivalents at beginning of period 4,281 4,675
Cash and cash equivalents at end of period 6,540 4,281
EUR million Dec. 31, 2013 Dec. 31, 2012
Cash and cash equivalents 6,540 4,281
Fixed deposits, securities and loans extended 9,589 10,428
Gross liquidity 16,129 14,709
Credit outstanding –1,413 –1,313
Net liquidity 14,716 13,396
1) Figures have been adjusted to reflect the revised IAS 19.
The Cash Flow Statement is explained in Note 38.
CASH FLOW STATEMENT OF THE AUDI GROUP