DHL 2008 Annual Report Download - page 203

Deutsche Post World Net Annual Report 2008
Consolidated Financial Statements
Notes
63.3 Additional information: cash fl ow statement (Postbank at equity)
1 January to 31 December
€ m 2007 2008
restated 1)
Net profi t / loss before taxes 1,617 – 1,423
Net fi nance costs excluding net income from measurement at equity 945 499
Net income from measurement at equity – 429 357
Profi t / loss from operating activities (EBIT) 2,133 – 567
Depreciation / amortisation of non-current assets 2,196 2,662
Net income from disposal of non-current assets – 226 – 76
Non-cash income and expense 47 217
Change in provisions – 877 838
Change in other assets and liabilities – 146 – 20
Income taxes paid – 278 – 325
Net cash from operating activities before changes in working capital 2,849 2,729
Changes in working capital
Inventories 10 – 50
Receivables and other assets – 657 583
Liabilities and other items 606 100
Net cash from operating activities 2,808 3,362
Proceeds from disposal of non-current assets
Subsidiaries and other business units 62 0
Property, plant and equipment and intangible assets 625 1,421
Other non-current fi nancial assets 131 162
818 1,583
Cash paid to acquire non-current assets
Subsidiaries and other business units – 261 – 424
Property, plant and equipment and intangible assets – 1,930 – 1,660
Other non-current fi nancial assets – 152 – 1,085
– 2,343 – 3,169
Interest received 112 570
Dividend Postbank 103 103
Current fi nancial instruments 0– 1
Net cash used in investing activities – 1,310 – 914
Proceeds from issuance of non-current fi nancial liabilities 552 176
Repayments of non-current fi nancial liabilities – 452 – 497
Change in current fi nancial liabilities – 857 – 337
Other fi nancing activities 153 – 148
Dividend paid to Deutsche Post AG shareholders – 903 – 1,087
Dividend paid to other shareholders – 56 – 80
Issuance of shares under stock option plan 73 21
Interest paid – 411 – 434
Net cash used in fi nancing activities – 1,901 – 2,386
Net change in cash and cash equivalents – 403 62
Effect of changes in exchange rates on cash and cash equivalents – 46 – 53
Changes in cash and cash equivalents due to changes in consolidated group 27 2
Cash and cash equivalents at beginning of reporting period 1,761 1,339
Cash and cash equivalents at end of reporting period 1,339 1,350
1) See Note 50.
Responsibility Statement
To the best of our knowledge, and in accordance with the applicable reporting principles, the consolidated  nancial statements
give a true and fair view of the assets, liabilities,  nancial position and pro t or loss of the Group, and the management report of the Group
includes a fair review of the development and performance of the business and the position of the Group, together with a description of the
principal opportunities and risks associated with the expected development of the Group.
Bonn,  February 
Deutsche Post 
 e Board of Management Dr Frank Appel John Allan Bruce Edwards Jürgen Gerdes John P. Mullen Walter Scheurle Hermann Ude
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