Mercedes 2015 Annual Report Download - page 239

246 E | CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
28. Consolidated statement of cash flows
Calculation of funds
At December 31, 2015, cash and cash equivalents included
restricted funds of €183 million (2014: €112 million).
The restricted funds primarily relate to subsidiaries where
exchange controls apply so that the Group has restricted
access to the funds.
Cash provided by/used for operating activities
Changes in other operating assets and liabilities are shown
in table  E.63.
The increase in provisions in the reporting period resulted
from the provisions for warranties which were especially
affected by the recall in connection with Takata airbags. Fur-
thermore, there was a rise of the provisions for dealer incentives
and for personnel costs. Opposing effects resulted from the
decrease in the provisions for pensions and similar obligations
caused by extraordinary contributions to the German pension
assets in particular. The decrease in provisions in the prior
year was primarily influenced by an extraordinary contribution
to the German pension fund assets and was related to the pro-
visions for pensions and similar obligations. Furthermore, there
were opposing effects from the addition to the provision for the
EU Commission’s antitrust proceedings concerning European
commercial vehicle manufacturers and the increase in the
provision for personnel costs.
The change in financial instruments in comparison to the
prior year was mainly caused by measurement effects in fiscal
year 2014. The effects were primarily related to the hedging
instrument in connection with the disposal of the equity interest
in Tesla Motors, Inc. and the put option in connection with
the disposal of Rolls-Royce Power Systems Holding GmbH.
Table  E.64 shows cash flows included in cash provided
by/used for operating activities.
The line item other non-cash expense and income within
the reconciliation of profit before income taxes to cash
provided by/used for operating activities in the reporting year
primarily comprises the Group’s share in the profit/loss of
companies accounted for using the equity method. In the prior
year, the reconciling item mainly comprised the effect
from the remeasurement of the Tesla shares (see Note 13).
Cash provided by financing activities
Cash provided by financing activities includes cash flows
from hedging the currency risks of financial liabilities. In 2015,
cash provided by financing activities included payments
for the reduction of the outstanding finance lease liabilities
of €48 million (2014: €46 million).
Changes in other operating assets and liabilities
2015 2014
In millions of euros
Provisions 564 -838
Financial instruments -82 289
Miscellaneous other assets and liabilities 1,715 1,581
2,197 1,032
E.63
Cash flows included in cash provided by/used
for operating activities
2015 2014
In millions of euros
Interest paid -311 -445
Interest received 152 136
Dividends received 135 171
E.64