Air France 2013 Annual Report Download - page 69

Download and view the complete annual report

Please find page 69 of the 2013 Air France annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

PAGES 68 - 69
CONSOLIDATED STATEMENT OF CASH FLOWS
In € million, period from January 1 to December 31 2013 2012
Pro forma*
Net income from continuing operations (1,696) (1,023)
Net income from discontinued operations (122) (197)
Amortization, depreciation and operating provisions 1,735 1,748
Financial provisions 28 (15)
Gain on disposals of tangible and intangible assets 12 (24)
Loss/(gain) on disposals of subsidiaries and associates (6) (97)
Derivatives – non-monetary result (61) (86)
Unrealized foreign exchange gains and losses, net (114) (94)
Share of (profits) losses of associates 211 66
Deferred taxes 916 (21)
Impairment 79 173
Other non-monetary 127 372
SUB-TOTAL 1,109 802
Of which discontinued operations (19) (5)
(Increase)/decrease in inventories 1 65
(Increase)/decrease in trade receivables 59 (142)
Increase/ (decrease) in trade payables 55 (299)
Change in other receivables and payables 228 416
Change in working capital from discontinued operations 27 9
NET CASH FLOW FROM OPERATING ACTIVITIES 1,479 851
Acquisition of subsidiaries, of shares in non-controlled entities (27) (39)
Purchase of property, plant and equipment and intangible assets (1,186) (1,465)
Loss of subsidiaries, of disposal of shares in non-controlled entities 27 467
Proceeds on disposal of property, plant and equipment and intangible assets 245 742
Dividends received 17 24
Decrease (increase) in net investments, between 3 months and 1 year 5 30
Net cash flow used in investing activities
of discontinued operations (5) (4)
NET CASH FLOW USED IN INVESTING ACTIVITIES (924) (245)
Increase in capital 6 -
Disposal of subsidiaries without loss of control, of owned shares - 7
Issuance of debt 1,887 1,780
Repayment on debt (1,480) (847)
Payment of debt resulting from finance lease liabilities (588) (514)
New loans (136) (90)
Repayment on loans 157 100
Dividends paid (4) (2)
NET CASH FLOW FROM FINANCING ACTIVITIES (158) 434
Effect of exchange rate on cash and cash equivalents
and bank overdrafts (36) (1)
Effect of exchange rate on cash and cash equivalents
and bank overdrafts of discontinued operations 1 (2)
CHANGE IN CASH AND CASH EQUIVALENTS AND BANK OVERDRAFTS 362 1,037
Cash and cash equivalents and bank overdrafts at beginning of period 3,160 2,121
Cash and cash equivalents and bank overdrafts at end of period 3,518 3,160
Change in cash of discontinued operations 4 (2)