BMW 2007 Annual Report Download - page 79

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Industrial Operations1] Financial Operations1]
2007 20062] 2007 20062]
2,963 2,449 424 535 Net profit
Reconciliation of net profit to cash inflow from operating activities
948 938 54 55 Current tax
4 4 4,324 3,560 Depreciation of leased products
3,665 3,315 24 25 Depreciation and amortisation of tangible, intangible and investment assets
398 – 220 – 143 – 130 Change in provisions
– 472 77 300 227 Change in deferred taxes
146 – 436 – 35 107 Other non-cash income and expense items
– 180 – 70 – 1 2 Gain/loss on disposal of non-current assets and marketable securities
– 11 25 – – Result from equity accounted investments
Changes in current assets and current liabilities
– 703 – 261 3 – 4 Change in inventories
– 98 – 493 – 112 – 135 Change in receivables
368 658 745 485 Change in liabilities
– 688 – 613 – 129 – 120 Income taxes paid
6,340 5,373 5,454 4,607 Cash inflow from operating activities
– 4,156 – 4,272 – 111 – 41 Investment in intangible assets and property, plant and equipment
270 31 2 8 Proceeds from the disposal of intangible assets and property, plant and equipment
– 44 – 24 – – 5 Expenditure for investments
16 76 – 34 Proceeds from the disposal of investments
– 359 – 392 – 12,902 – 10,362 Investment in leased products
354 364 4,563 3,355 Disposals of leased products
– – – 54,573 – 50,313 Additions to receivables from sales financing
– – 49,813 47,848 Payments received on receivables from sales financing
– 2,698 – 2,619 – – 35 Investment in marketable securities
2,568 2,419 9 258 Proceeds from marketable securities
– 4,049 – 4,417 – 13,199 – 9,253 Cash outflow from investing activities
– – 253 – – Buy-back of treasury shares
– 458 – 419 – – Payment of dividend for the previous year
– 1 6,038 6,875 Proceeds from the issue of bonds
– – 1 – 4,152 – 4,490 Repayment of bonds
– 1,634 – 1,040 1,634 1,040 Internal financing of financial operations
– 377 – 129 3,980 1,156 Change in other financial liabilities
845 644 681 – 61 Change in commercial paper
– 1,624 – 1,197 8,181 4,520 Cash inflow/outflow from financing activities
Effect of exchange rate and changes in composition of group on
– 15 104 – 31 – 22 cash and cash equivalents
652 – 137 405 – 148 Change in cash and cash equivalents
1,235 1,372 101 249 Cash and cash equivalents as at 1 January
1,887 1,235 506 101 Cash and cash equivalents as at 31 December