Porsche 2012 Annual Report Download - page 158

Consolidated statement of cash flows of Porsche Automobil Holding SE
for the period from 1 January to 31 December 2012
Note [10] contains further explanations on the statement of cash flows.
€ million 2012 2011
1. Operating activities
Profit/loss for the year 7,829 59
Change in other provisions 18 17
Income taxes 5 – 39
Change in deferred taxes 27 8
Income taxes paid – 2 – 278
Income taxes received 1 176
Income from investments – 13 0
Income from the contribution of the operating business – 3,430 0
Non-cash expenses and income – 4,521 – 245
Dividends received 434 371
Change in other receivables and other assets – 9 11
Change in trade payables and other liabilities
(excluding tax provisions and other provisions) – 137 – 37
Cash flow from operating activities 202 43
2. Investing activities
Net payment from the contribution of the holding business operations 4,486 0
Cash flow from investing activities before investments in time deposits 4,486 0
Change in investments in time deposits – 1,859 115
Cash flow from investing activities 2,627 115
3. Financing activities
Dividends paid to shareholders of Porsche SE – 232 – 77
Dividends paid to non-controlling interests – hybrid capital investors – 11 – 22
Cash paid for the repurchase of hybrid capital – 52 0
Cash paid for the settlement of loans – 2,000 – 7,000
Cash received for loans borrowed 0 2,000
Cash received from capital increase 0 4,903
Cash flow from financing activities – 2,295 – 196
4. Cash funds
Change in cash funds
(subtotal of 1 to 3) 534 – 38
Cash funds as of 1 January 2012 and 1 January 2011 368 406
Cash funds as of 31 December 2012 and 31 December 2011 902 368
Presentation of gross liquidity
Cash, cash equivalents and time deposits 2,862 469
Gross liquidity 2,862 469
Consolidated statement of cash fl ows/
Consolidated statement of changes in equity
3154 Financials