Porsche 2011 Annual Report Download - page 146
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Note [10] contains further explanations on the statement of cash flows.
Consolidated statement of cash flows of Porsche SE
for the period from 1 January to 31 December 2011
€ million 2011 SFY 2010
1. Operating activities
Profit/loss for the year 59 1,286
Change in other provisions 17 – 53
Income taxes – 39 – 647
Change in deferred taxes 8 0
Income taxes paid – 278 – 370
Income taxes received 176 7
Income from disposal of stock options 0 – 92
Non-cash expenses and income – 245 – 667
Dividends received from investments accounted for at equity 371 198
Change in other receivables and other assets 11 – 8
Change in trade payables and other liabilities
(excluding tax provisions and other provisions) – 37 21
Cash flow from operating activities 43 – 325
2. Investing activities
Changes in stock options 0 122
Cash flow from investing activities before investments in time deposits 0 122
Change in investments in time deposits 115 100
Cash flow from investing activities 115 222
3. Financing activities
Dividends paid to shareholders of Porsche SE – 77 – 17
Dividends paid to non-controlling interests - hybrid capital investors – 22 – 11
Cash paid for the settlement of loans – 7,000 0
Cash received for loans borrowed 2,000 0
Cash received from capital increase 4,903 0
Cash flow from financing activities – 196 – 28
4. Cash funds
Change in cash funds (subtotal of 1 to 3) – 38 – 131
Cash funds as of 1 January 2011 and 1 August 2010 406 537
Cash funds as of 31 December 2011 and 31 December 2010 368 406
Presentation of gross liquidity
Cash, cash equivalents and time deposits 469 622
Gross liquidity 469 622
146 FINANCIALS