Air France 2011 Annual Report Download - page 73

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AIR FRANCE-KLM 2010-11 Annual Report _ 71
Consolidated statement of cash flows
In € million, period from April 1 to March 31 2011 2010
Net income for the period – Equity holders for Air France-KLM 613 (1,559)
Non-controlling interests (1) (1)
Amortization, depreciation and operating provisions 1,676 1,675
Financial provisions (3) 7
Gain on disposals of tangible and intangible assets (11) 61
Loss/(gain) on disposals of subsidiaries and associates (13) -
Gain on WAM (ex Amadeus) operation (1,030) -
Derivatives – non-monetary result (25) (8)
Unrealized foreign exchange gains and losses, net 33 13
Share of (profits)/losses of associates 21 17
Deferred taxes (215) (591)
Other non-monetary items (209) 143
SUBTOTAL 836 (243)
(Increase)/decrease in inventories (10) (28)
(Increase)/decrease in trade receivables 171 (89)
Increase/(decrease) in trade payables 245 126
Change in other receivables and payables 108 (564)
NET CASH FLOW FROM OPERATING ACTIVITIES 1,350 (798)
Acquisitions of subsidiaries and investments in associates, net of cash acquired (33) (2)
Purchase of property, plant and equipment and intangible assets (2,122) (2,097)
Proceeds on WAM (ex Amadeus GTD) transaction 193 -
Proceeds on disposal of subsidiaries and investments in associates - -
Proceeds on disposal of property, plant and equipment and intangible assets 977 1,053
Dividends received 8 5
Decrease/(increase) in investments, net between three months and one year (229) 87
NET CASH USED IN INVESTING ACTIVITIES (1,206) (954)
Increase in capital 6 -
Purchase of non-controlling interests,
of shares in non-controlled entities (13) (16)
Disposal of subsidiaries without control loss,
of shares in non-controlled entities 14 3
Issuance of long-term debt 900 2,704
Repayments on long-term debt (646) (326)
Payment of debt resulting from finance lease liabilities (550) (522)
New loans (110) (73)
Repayments on loans 231 151
Dividends paid (3) (3)
NET CASH FLOW FROM FINANCING ACTIVITIES (171) 1,918
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS
AND BANK OVERDRAFTS (20) 3
CHANGE IN CASH AND CASH EQUIVALENTS AND BANK OVERDRAFTS (47) 169
Cash and cash equivalents and bank overdrafts at beginning of period 3,635 3,466
Cash and cash equivalents and bank overdrafts at end of period 3,588 3,635