Reebok 2012 Annual Report Download - page 229

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adidas Group
/
2012 Annual Report
Consolidated Financial Statements
207
2012
Notes
/
04.8
/
Adjustment of the adidas AG Consolidated Statement of Cash Flows (IFRS) for the year ending December 31, 2011 (€ in millions)
Year ending Dec.31, 2011
(as reported)
Adjustments IAS 8 Year ending Dec.31, 2011
(restated)
Operating activities:
Income before taxes 927 (58) 869
Adjustments for:
Depreciation, amortisation and impairment losses 253 253
Reversals of impairment losses (2) (2)
Unrealised foreign exchange gains, net (31) (31)
Interest income (30) (30)
Interest expense 108 0 108
Losses on sale of property, plant and equipment, net 12 12
Other non-cash income (0) (0)
Operating profit before working capital changes 1,237 (58) 1,179
Increase in receivables and other assets (116) 75 (41)
Increase in inventories (349) (4) (353)
Increase in accounts payable and other liabilities 447 2 449
Cash generated from operations before interest and taxes 1,219 15 1,234
Interest paid (113) (113)
Income taxes paid (314) (314)
Net cash generated from operating activities 792 15 807
Investing activities:
Purchase of trademarks and other intangible assets (58) (58)
Proceeds from sale of trademarks and other intangible assets 0 0
Purchase of property, plant and equipment (318) (318)
Proceeds from sale of property, plant and equipment 2 2
Acquisition of subsidiaries and other business units net of cash acquired (20) (20)
Purchase of short-term financial assets (192) (192)
Purchase of investments and other long-term assets (10) (10)
Interest received 30 30
Net cash used in investing activities (566) 0 (566)
Financing activities:
Repayments of long-term borrowings (48) (9) (57)
Dividend paid to shareholders of adidas AG (167) (167)
Dividend paid to non-controlling interest shareholders (3) (3)
Cash repayments of short-term borrowings (273) (273)
Net cash used in financing activities (491) (9) (500)
Effect of exchange rates on cash 15 0 15
Net decrease of cash and cash equivalents (250) 6 (244)
Cash and cash equivalents at beginning of the year 1,156 (6) 1,150
Cash and cash equivalents at end of the year 906 0 906
Rounding differences may arise in percentages and totals.