Unilever 2011 Annual Report Download - page 70

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67
Consolidated cash flow statement
for the year ended 31 December
€ million
2011
€ million
2010
€ million
2009
Net profit 4,623 4,598 3,659
Taxation 1,622 1,534 1,257
Share of net profit of joint ventures/associates and other income from non-current investments (189) (187) (489)
Net finance costs: 377 394 593
Finance income (92) (77) (75)
Finance cost 540 491 504
Pensions and similar obligations (71) (20) 164
Operating profit 6,433 6,339 5,020
Depreciation, amortisation and impairment 1,029 993 1,032
Changes in working capital: (177) 169 1,701
Inventories (219) (573) 473
Trade and other current receivables (399) (343) 640
Trade payables and other liabilities 441 1,085 588
Pensions and similar obligations less payments (553) (472) (1,028)
Provisions less payments 9 72 (258)
Elimination of (profits)/losses on disposals (215) (476) 13
Non-cash charge for share-based compensation 105 144 195
Other adjustments 8 49 58
Cash flow from operating activities 6,639 6,818 6,733
Income tax paid (1,187) (1,328) (959)
Net cash flow from operating activities 5,452 5,490 5,774
Interest received 93 70 73
Purchase of intangible assets (264) (177) (121)
Purchase of property, plant and equipment (1,835) (1,638) (1,248)
Disposal of property, plant and equipment 125 114 111
Acquisition of group companies, joint ventures and associates (3,098) (1,252) (409)
Disposal of group companies, joint ventures and associates 1,378 891 270
Acquisition of other non-current investments (88) (85) (95)
Disposal of other non-current investments 178 151 224
Dividends from joint ventures, associates and other non-current investments 116 184 201
(Purchase)/sale of financial assets (1,072) 578 (269)
Net cash flow (used in)/from investing activities (4,467) (1,164) (1,263)
Dividends paid on ordinary share capital (2,485) (2,323) (2,106)
Interest and preference dividends paid (496) (494) (517)
Net change in short-term borrowings 1,261 (46) (227)
Additional financial liabilities 3,419 86 3,140
Repayment of financial liabilities (907) (1,391) (4,456)
Capital element of finance lease rental payments (16) (22) (24)
Other movements on treasury stock 30 (124) 103
Other financing activities (395) (295) (214)
Net cash flow (used in)/from financing activities 411 (4,609) (4,301)
Net increase/(decrease) in cash and cash equivalents 1,396 (283) 210
Cash and cash equivalents at the beginning of the year 1,966 2,397 2,360
Effect of foreign exchange rate changes (384) (148) (173)
Cash and cash equivalents at the end of the year 15 2,978 1,966 2,397
The cash flows of pension funds (other than contributions and other direct payments made by the Group in respect of pensions and
similar obligations) are not included in the Group cash flow statement.
Unilever Annual Report and Accounts 2011
Financial statements