Annual Report 2010 - Outokumpu

212
Consolidated statement of cash flows
€ million Note 2010 2009
Cash flow from operating activities
Net profit for the financial year -124 -336
Adjustments for
Taxes 10 -19 -143
Depreciation and amortisation 12, 13 235 214
Impairments 12, 13 20 15
Change in net realisable value in inventory 21 -21 -97
Share of results in associated companies 14 10 13
Gain/loss on sale of intangible and tangible assets 6 -20 -13
Gain/loss on sale of available-for-sale financial assets 9, 17 -10 -0
Interest income 9 -16 -16
Dividend income 9 -2 -3
Interest expense 9 50 29
Exchange rate differences 9 -94 -29
Other non-cash adjustments 9 25
143 -4
Change in working capital
Change in trade and other receivables -269 256
Change in inventories -339 289
Change in trade and other payables 141 45
Change in provisions -10 -38
-476 552
Dividends received 2 3
Interest received 2 7
Interest paid -42 -57
Income taxes paid -2 36
Net cash from operating activities -497 201
Cash flow from investing activities
Purchases of available-for-sale financial assets 17 -2 -2
Purchases of property, plant and equipment 13 -159 -212
Purchases of intangible assets 12 -12 -21
Outokumpu Annual Report 2010 – Financial Statements – Consolidated statement of cash flows