Merck 2008 Annual Report Download - page 82

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Free Cash Flow
€ million Note 2008 2007
Net cash flows from operating activities 1,024.0 1,218.3
Purchase of intangible assets –140.9 –121.1
Purchase of property, plant and equipment –394.7 –282.8
Acquisitions and investments in other financial assets –78.2 –7,318.0
Disposal of assets 35.7 4,995.8
Purchase/sale of marketable securities –7.5 34.7
Free cash flow [37] 438.4 –1,473.1
Free cash flow before acquisitions and divestments 601.3 977.7
Statement of Recognized Income
and Expense
€ million Note 2008 2007
Profit after tax 379.1 3,520.2
Gains/losses recognized immediately in equity
Unrealized gains/losses from the fair value
measurement of financial instruments [32] 58.7 71.4
Actuarial gains/losses from defined benefit
pension commitments and similar obligations [31] 31.7 102.4
Deferred taxes on gains/losses recognized
immediately in equity [12] –17.9 –30.8
Currency translation difference 878.0 950.5 –205.8 –62.8
Comprehensive income 1,329.6 3,457.4
of which attributable to minority interest 3.7 20.1
of which attributable to shareholders of the Group 1,325.9 3,437.3
CONSOLIDATED FINANCIAL STATEMENTS OF THE MERCK GROUP 77
78 Statement of Changes
in Net Equity including
Minority Interest
79 Notes
72 Income Statement
73 Balance Sheet
74 Segment Reporting
76 Cash Flow Statement
77 Free Cash Flow
77 Statement of Recognized
Income and Expense