Audi 2015 Annual Report Download - page 219

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CASH FLOW STATEMENT OF THE AUDI GROUP
>> 219
EUR million 2015 2014
Profit before profit transfer and income taxes 5,284 5,991
Income tax payments – 1,698 – 1,136
Amortization of and impairment losses (reversals) on capitalized development
costs 739 681
Depreciation and amortization of and impairment losses (reversals) on
property, plant and equipment, investment property and other intangible
assets 1,926 1,751
Depreciation of and impairment losses (reversals) on financial investments 0 4
Result from the disposal of assets –5 –1
Result from investments accounted for using the equity method 392 – 138
Change in inventories – 1,143 – 438
Change in receivables – 1,446 – 701
Change in liabilities 2,009 852
Change in provisions 885 864
Other non-cash income and expenses 261 – 306
Cash flow from operating activities 7,203 7,421
Additions of capitalized development costs – 1,262 – 1,311
Investments in property, plant and equipment, investment property and
other intangible assets – 3,534 – 2,979
Acquisition of subsidiaries and changes in capital – 50 – 42
Acquisition of investments in associates and other participations – 816 – 156
Sale of subsidiaries, other participations and changes in capital 11 6
Other cash changes 75 31
Change in investments in securities – 1,301 – 842
Change in fixed deposits and loans extended 4,673 – 3,648
Cash flow from investing activities –2,204 –8,940
Capital contributions 1,620 1,591
Transfer of profit – 3,239 – 3,182
Change in financial liabilities 54 98
Lease payments – 10 –8
Cash flow from financing activities –1,575 –1,501
Change in cash and cash equivalents due to changes in exchange rates 105 171
Change in cash and cash equivalents 3,529 –2,850
Cash and cash equivalents at beginning of period 3,689 6,540
Cash and cash equivalents at end of period 7,218 3,689
EUR million Dec. 31, 2015 Dec. 31, 2014
Cash funds 7,218 3,689
Fixed deposits, securities and loans extended 11,086 14,276
Gross liquidity 18,304 17,966
Credit outstanding – 1,885 – 1,637
Net liquidity 16,420 16,328
The Cash Flow Statement is explained in Note 37.
CASH FLOW STATEMENT OF THE AUDI GROUP