Financial Report and Registration Document 2010 - Groupe Seb

3 FINANCIAL
CONSOLIDATED FINANCIAL STATEMENTS
STATEMENTS
CONSOLIDATED CASH FLOW STATEMENT
Year ended 31 December
(in € millions) 2010 2009 2008
PROFIT ATTRIBUTABLE TO OWNERS OF THE PARENT 220.4 146.0 151.6
Depreciation/amortisation and impairment losses (Notes 10 and 11) 117.6 123.6 110.3
Change in provisions (Note 21) (4.2) 17.6 (22.5)
Unrealised gains and losses on financial instruments (Note 25) (8.4) 7.1 1.8
Income and expenses related to stock options (Note 19.2) 6.2 6.0 7.2
Gains and losses on disposals of assets 1.8 0.4 0.7
Other 0.1 2.9
Non-controlling interests (Note 20) 23.2 16.8 11.2
Current and deferred taxes (Note 8) 89.4 58.1 66.5
Finance costs, net (Note 7) 12.0 22.6 37.9
CASH FLOW (a) 458.0 398.3 367.6
Change in inventories (Note 15) (138.6) 155.9 (66.8)
Change in trade receivables (Note 16) (67.4) 31.3 (24.3)
Change in trade payables (Note 23) 82.1 28.1 0.6
Change in other receivables and payables (Notes 17 and 23) 35.0 24.8 (0.3)
Income taxes paid (100.9) (58.3) (76.7)
Interest paid and received, net (12) (22.5) (35.6)
NET CASH FROM OPERATING ACTIVITIES 256.1 557.6 164.5
Proceeds from disposals of assets (Note 11) 20.9 6.5 8.6
Purchases of property, plant and equipment (Note 11) (120.6) (92.2) (96.0)
Purchases of software and other intangible assets (Note 10) (20.2) (17.0) (20.3)
Purchases of financial assets (Note 13) 0.3 0.4 (2.8)
Acquisitions of subsidiaries, net of the cash acquired (Note 2) 0.0 26.4
Effects of other changes in scope of consolidation (Note 2) 0.1 (0.8)
NET CASH USED BY INVESTING ACTIVITIES (119.6) (102.2) (84.9)
Change in long-term borrowings (Note 24) (99.3) 87.6 146.7
Change in short-term borrowings (Note 24) (80.1) (419.4) (65.2)
Proceeds from issue of share capital, including minority interests
(Note 19) 0.7 4.9
Change in treasury stock (Note 19.4) 33.4 8.8 (43.5)
Dividends paid, including to non-controlling shareholders (55.9) (50.2) (46.3)
NET CASH USED BY FINANCING ACTIVITIES (201.9) (372.5) (3.4)
Effect of changes in foreign exchange rates (5.8) 0.3 14.4
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (71.2) 83.2 90.6
Cash and cash equivalents at beginning of period (Note 18) 307.8 224.6 134.0
Cash and cash equivalents at end of period (Note 18) 236.6 307.8 224.6
(a) Before interest and income taxes paid.
64 FINANCIAL REPORT AND REGISTRATION DOCUMENT 2010 GROUPE SEB