Air France 2007 Annual Report Download - page 70

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68
2006-07
Consolidated financial statements
Consolidated statements of cash flows
In €millions
Period from April 1 to March 31 2007 2006 2005
Net income for the period – Group 891 913 1,710
Minority interests (4) 8 (14)
Amortization, depreciation and operating provisions 1,790 1,728 1,589
Financial provisions 10 24 6
Gain on disposals of tangible and intangible assets (44) (46) (19)
Loss / (gain) on disposals of subsidiaries and associates (1) (2) (66)
Gain on Amadeus GTD transaction (16) (504) -
Derivatives – non monetary result (43) (6) -
Unrealized foreign exchange gains and losses, net (5) 84
Negative goodwill -(5) (1,354)
Share of (profits) losses of associates (17) 23 (73)
Deferred taxes 244 98 139
Other non-monetary items (112) (182) (143)
Subtotal 2,693 2,057 1,779
(Increase) / decrease in inventories (20) (18) (16)
(Increase) / decrease in trade receivables (184) (215) 42
Increase / (decrease) in trade payables 228 96 313
Change in other receivables and payables 133 736 (127)
Net cash flow from operating activities 2,850 2,656 1,991
Acquisitions of subsidiaries and investments in associates, net of cash acquired (25) (58) 506
Purchase of property, plant and equipment and intangible assets (2,378) (2,544) (2,131)
Proceeds on disposal of subsidiaries and investments in associates 43 35 109
Proceeds on Amadeus GTD transaction -817 -
Proceeds on disposal of property, plant and equipment and intangible assets 160 227 157
Dividends received 610 25
Decrease (increase) in investments, net between 3 months and 1 year 331 (294) 116
Net cash used in investing activities (1,863) (1,807) (1,218)
Issuance of long-term debt 1,240 1,410 858
Repayments on long-term debt (714) (523) (288)
Payment of debt resulting from finance lease liabilities (866) (580) (381)
Proceeds from new loans (89) (155) (101)
Repayments on loans 52 97 22
Dividends paid (88) (41) (24)
Decrease in equity -- (33)
Net cash flow from financing activities (465) 208 53
Effect of exchange rate on cash and cash equivalents (2) 2 (5)
Change in cash and cash equivalents and bank overdrafts 520 1,059 821
Cash and cash equivalents and bank overdrafts at beginning of period 2,844 1,785 964
Cash and cash equivalents and bank overdrafts at end of period 3,364 2,844 1,785
Income tax paid (flow included in operating activities) (309) (4) 22
Interest paid (flow included in operating activities) (451) (364) (312)
Interest received (flow included in operating activities) 299 154 123