Unilever 2012 Annual Report Download - page 92

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ABOUT UNILEVER GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDER INFORMATION
89Unilever Annual Report and Accounts 2012 Financial statements
onsoldated cash flow statement
onsoldated cash flow statement
for the year ended 31 December
 mllon
2012
 million
2011
€ million
2010
Net profit 4,948 4,623 4,598
Taxation 1,735 1,622 1,534
Share of net profit of joint ventures/associates and other income/(loss) from non-current investments (91) (189) (187)
Net finance costs 5397 377 394
Operating profit 6,989 6,433 6,339
Depreciation, amortisation and impairment 1,199 1,029 993
Changes in working capital: 822 (177) 169
Inventories (9) (219) (573)
Trade and other receivables 1(399) (343)
Trade payables and other liabilities 830 441 1,085
Pensions and similar obligations less payments (381) (553) (472)
Provisions less payments (43) 9 72
Elimination of (profits)/losses on disposals (236) (215) (476)
Non-cash charge for share-based compensation 153 105 144
Other adjustments 13 8 49
Cash flow from operating activities 8,516 6,639 6,818
Income tax paid (1,680) (1,187) (1,328)
Net cash flow from operatng actvtes 6,836 5,452 5,490
Interest received 146 93 70
Purchase of intangible assets (405) (264) (177)
Purchase of property, plant and equipment (1,975) (1,835) (1,638)
Disposal of property, plant and equipment 237 125 114
Acquisition of group companies, joint ventures and associates (133) (3,098) (1,252)
Disposal of group companies, joint ventures and associates 246 1,378 891
Acquisition of other non-current investments (91) (88) (85)
Disposal of other non-current investments 88 178 151
Dividends from joint ventures, associates and other non-current investments 128 116 184
(Purchase)/sale of financial assets 1,004 (1,072) 578
Net cash flow (used n)/from nvestng actvtes (755) (4,467) (1,164)
Dividends paid on ordinary share capital (2,699) (2,485) (2,323)
Interest and preference dividends paid (506) (496) (494)
Net change in short-term borrowings (870) 1,261 (46)
Additional financial liabilities 1,441 3,419 86
Repayment of financial liabilities (3,565) (907) (1,391)
Capital element of finance lease rental payments (15) (16) (22)
Other movements on treasury stock 48 30 (124)
Other financing activities (456) (395) (295)
Net cash flow (used n)/from fnancng actvtes (6,622) 411 (4,609)
Net ncrease/(decrease) n cash and cash equvalents (541) 1,396 (283)
ash and cash equvalents at the begnnng of the year 2,978 1,966 2,397
Effect of foreign exchange rate changes (220) (384) (148)
ash and cash equvalents at the end of the year 17A 2,217 2,978 1,966
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.