BMW 2008 Annual Report Download - page 75

76
72 Group Financial Statements
72 Income Statements
74 Balance Sheets
76 Cash Flow Statements
78 Statement of Income and
Expenses recognised
in Equity
79 Notes
79 Accounting Principles
and Policies
88 Notes to the Income
Statement
94
Notes to the Balance Sheet
1 1 5 Other Disclosures
1 2 9 Segment Information
BMW Group
Cash Flow Statement for Group and Segments
Note Group
in euro million 2008 2007
1
Net profit / loss 330 3,134
Reconciliation of net profit / loss to cash inflow from operating activities
Current tax 7 5 1,002
Other interest and similar income / expenses –169 – 62
Depreciation of leased products 6,763 4,698
Depreciation and amortisation of tangible, intangible and investment assets 3,676 3,689
Change in provisions – 332 221
Change in deferred taxes – 51 – 256
Other non-cash income and expense items 424 111
Gain / loss on disposal of non-current assets and marketable securities – 21 –181
Result from equity accounted investments – 26 –11
Changes in current assets and current liabilities
Change in inventories 37 – 700
Change in receivables 859 398
Change in liabilities – 485 571
Income taxes paid – 448 – 817
Interest received 240 386
Cash inflow from operating activities 40 10,872 12,183
Investment in intangible assets and property, plant and equipment – 4,204 – 4,267
Proceeds from the disposal of intangible assets and property, plant and equipment 177 272
Expenditure for investments – 142 – 44
Proceeds from the disposal of investments 2 16
Investment in leased products – 15,164 –13,261
Disposals of leased products 5,840 4,917
Additions to receivables from sales financing – 61,630 – 54,573
Payments received on receivables from sales financing 56,562 49,813
Investment in marketable securities – 5,392 – 2,698
Proceeds from marketable securities 5,299 2,577
Cash outflow from investing activities 40 –18,652 –17,248
Repurchase of treasury shares –10 –
Payment of dividend for the previous year – 694 – 458
Interest paid – 312 – 389
Proceeds from the issue of bonds 9,959 6,038
Repayment of bonds – 5,080 – 4,152
Internal financing – –
Change in other financial liabilities 9,050 3,603
Change in commercial paper – 9 1,526
Cash inflow / outflow from financing activities 40 12,904 6,168
Effect of exchange rate and changes in composition of Group on cash and cash equivalents 40 – 63 – 46
Change in cash and cash equivalents 5,061 1,057
Cash and cash equivalents as at  January 2,393 1,336
Cash and cash equivalents as at  December 40 7,454 2,393
 adjusted for changed presentation of interest
 Interest relating to financial services business is generally classified as revenues / cost of sales.