DHL 2004 Annual Report Download - page 133

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129
Consolidated Financial Statements
Notes
53.3 Cash flow statement of Deutsche Post World Net including Postbank at equity
Bonn, March 1, 2005
Deutsche Post AG
The Board of Management
For the period January 1 to December 31
in € m
Deutsche Post
World Net
Postbank at
equity
2003
Deutsche Post
World Net
Postbank at
equity
2004
Net profit before taxes 1,770 1,859
Net interest income 685 800
Depreciation / amortization and reversals of write-downs of noncurrent assets 1,580 1,715
Gains on disposal of noncurrent assets – 85 – 32
Non-cash income and expense 134 100
Net income from measurement at equity – 353 – 340
Change in provisions – 875 – 1,207
Taxes paid – 45 – 45
Net profit before changes in working capital 2,811 2,850
Changes in working capital
Inventories 9 – 9
Receivables and other assets 519 – 806
Receivables / liabilities from financial services 0 0
Liabilities and other items 59 543
Extraordinary expense from EU state aid proceedings – 907 0
Net cash from operating activities 2,491 2,578
Proceeds from disposal of noncurrent assets
Divestitures 23 1,535
Other noncurrent assets 496 534
519 2,069
Cash paid to acquire noncurrent assets
Investments in companies – 1,358 – 767
Other noncurrent assets – 1,356 – 1,662
–2,714 – 2,429
Interest and dividends received 138 240
Postbank dividend 99 589
Current financial instruments 71 – 112
Net cash from (previous year: used in) investing activities – 1,887 357
Proceeds from issue of financial liabilities 1,867 1,407
Repayment of financial liabilities – 1,410 – 978
Dividends and other payments to owners – 445 – 490
Interest paid – 256 – 458
Net cash used in financing activities – 244 – 519
Net change in cash and cash equivalents 360 2,416
Effect of changes in exchange rates on cash and cash equivalents – 49 – 14
Change in cash and cash equivalents due to changes in consolidated group 0 46
Cash and cash equivalents at January 1 2,022 2,333
Cash and cash equivalents at December 31 2,333 4,781
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Additional Information Consolidated Financial Statements