2007 Interactive Registration Document - Renault

7.2.4 CONSOLIDATED STATEMENTS OF CASH FLOWS
✦ Global Reporting Initiative (GRI) Directives
FINANCIAL STATEMENTS 07
CONSOLIDATED FINANCIAL STATEMENTS
(€ million) 2007 2006 2005
NET INCOME 2,734 2,960 3,462
Cancellation of unrealised income and expenses:
Depreciation and amortisation 2,865 2,835 2,705
Share in net income (loss) of associates (1,675) (2,277) (2,606)
Dividends received from associates 936 602 516
Other unrealised income and expenses (note 27-A) (1) (114) (430) 164
Cash flow 4,746 3,690 4,241
Financing for final customers (11,114) (12,008) (12,998)
Customer repayments 11,708 12,300 12,485
Net change in renewable dealer financing (37) 231 (304)
Decrease (increase) in sales financing receivables 557 523 (817)
Bond issuance by the Sales financing division (note 24-A) 2,022 1,875 2,988
Bond redemption by the Sales financing division (note 24-A) (3,139) (2,966) (2,866)
Net change in other Sales financing debts 1,265 (792) 1,952
Net change in other securities and loans of the Sales financing division (359) (58) (39)
Net change in Sales financing financial assets and debts (211) (1,941) 2,035
Decrease (increase) in working capital (note 27-B) (1) (347) 314 (374)
CASH FLOWS FROM OPERATING ACTIVITIES 4,745 2,586 5,085
Capital expenditure (note 27-C) (4,644) (4,644) (4,018)
Acquisitions of investments, net of cash acquired (67) (30) (59)
Disposals of property, plant and equipment and intangibles 1,086 1,152 1,073
Disposals of investments, net of cash transferred, and other 63 55 100
Net decrease (increase) in other securities and loans of the Automobile division (2) 615 423 (149)
CASH FLOWS FROM INVESTING ACTIVITIES (2,947) (3,044) (3,053)
Transactions with minority shareholders (3) 26 (131) (2)
Dividends paid to parent company shareholders (note 19-D) (863) (664) (494)
Dividends paid to minority shareholders (50) (22) (60)
Purchases/sales of treasury shares (126) 85 56
Cash flows with shareholders (1,013) (732) (500)
Bond issuance by the Automobile division (note 24-A) 588 851 245
Bond redemption by the Automobile division (note 24-A) (451) (928) (388)
Net increase (decrease) in other financial liabilities of the Automobile division (2,065) 1,069 (867)
Net change in financial liabilities of the Automobile division (1,928) 992 (1,010)
CASH FLOWS FROM FINANCING ACTIVITIES (2,941) 260 (1,510)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,143) (198) 522
(1) Other unrealised income and expenses include the change in net allocations to long-term and short-term provisions. The short-term portion was previously included in the decrease (increase) in working
capital requirements (see note 2-A).
(2) In 2006, this includes a €135 million gain on the sale of Scania shares.
(3) Via capital increases or capital reductions and acquisitions of additional investments in controlled companies (note 2-J).
(€ million) 2007 2006 2005
Cash and cash equivalents: opening balance 6,010 6,151 5,521
Increase (decrease) (1,143) (198) 522
Effect of changes in exchange rate and other changes (146) 57 108
Cash and cash equivalents: closing balance 4,721 6,010 6,151
Details of interest received and paid by the Automobile division are given in note 27-D.
Current taxes paid by the Group are reported in note 9-A.
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Registration Document Renault 2007 185