Audi 2014 Annual Report Download - page 219

CASH FLOW STATEMENT OF THE AUDI GROUP
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EUR million 2014 2013
Profit before profit transfer and income taxes 5,991 5,323
Income tax payments – 1,136 – 1,431
Amortization of and impairment losses (reversals) on capitalized
development costs 681 528
Depreciation and amortization of and impairment losses (reversals) on
property, plant and equipment, investment property and other intangible
assets 1,751 1,543
Depreciation of and impairment losses (reversals) on financial investments 4 0
Result from the disposal of assets –1 –6
Result from investments accounted for using the equity method – 138 – 73
Change in inventories – 438 – 300
Change in receivables – 701 – 1,227
Change in liabilities 852 1,320
Change in provisions 864 762
Change in leasing and rental assets – 2
Other non-cash income and expenses – 306 338
Cash flow from operating activities 7,421 6,778
Additions of capitalized development costs – 1,311 – 1,207
Investments in property, plant and equipment, investment property and
other intangible assets – 2,979 – 2,386
Acquisition of subsidiaries and changes in capital – 42 – 31
Acquisition of other participations – 156 –5
Sale of subsidiaries, other participations and changes in capital 6 –
Other cash changes 31 40
Change in investments in securities – 842 – 510
Change in fixed deposits and loans extended – 3,648 1,426
Cash flow from investing activities – 8,940 – 2,674
Capital contributions 1,591 1,895
Transfer of profit – 3,182 – 3,790
Change in financial liabilities 98 174
Lease payments –8 –5
Cash flow from financing activities –1,501 – 1,726
Change in cash and cash equivalents due to changes in exchange rates 171 – 120
Change in cash and cash equivalents –2,850 2,258
Cash and cash equivalents at beginning of period 6,540 4,281
Cash and cash equivalents at end of period 3,689 6,540
EUR million Dec. 31, 2014 Dec. 31, 2013
Cash funds 3,689 6,540
Fixed deposits, securities and loans extended 14,276 9,589
Gross liquidity 17,966 16,129
Credit outstanding – 1,637 – 1,413
Net liquidity 16,328 14,716
The Cash Flow Statement is explained in Note 37.
CASH FLOW STATEMENT OF THE AUDI GROUP