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IV. Cash Flow Statement
(43) Cash Flow Statement
B Consolidated Annual Financial Statements/Notes 202 203
in T€ FY 2007 FY 2006
Earnings before tax (EBT) 1,313,911 1,854,758
Depreciation, write-downs (+)/write-ups (–) on fixed assets 195,708 201,292
Income tax paid –412,455 –170,421
Other non-payment-related expenses (+)/income (–) 100,023 –56,497
Interest expenses 114,472 116,405
Increase (–)/decrease (+) from the disposal of fixed assets –2,751 –934,756
Increase (–)/decrease (+) in inventories
Increase (–)/decrease (+) in trade receivables and other assets not
–214,982 –222,782
attributable to investment or financing activities –79,654 –158,565
Use of provisions affecting payments, excluding income tax provisions
Increase (+)/decrease (–) in trade payables and other liabilities
–229,922 –205,824
not attributable to investment or financing activities –3,343 64,087
Cash flow from operating activities 781,007 487,697
Cash inflow from the disposal of fixed assets 14,413 23,902
Cash outflow for investments in intangible and tangible fixed assets –372,778 –230,778
Cash inflow (+)/outflow (–) for short-term loans against borrower’s note/bonds –25,000 50,000
Cash inflow from the disposal of financial assets 37,895 1,247,064
Cash outflow for investments in financial assets –399,671 –13,393
Cash flow from investment activities –745,141 1,076,795
Cash inflow (+)/outflow (–) as a result of selling and repurchasing treasury shares –85,705 –71
Cash outflow in payments to company owners
Cash inflow (+)/outflow (–) as a result of the issuing of bonds,
–114,183 –56,897
borrowings and other financial liabilities –7,541 –7,027
Interest paid –34,603 – 40,405
Cash flow from financing activities –242,032 –104,400
Cash and cash equivalents at the start of the period 2,344,989 884,897
Payment-related changes in cash and cash equivalents –206,166 1,460,092
Cash and cash equivalents at the end of the period 2,138,823 2,344,989
Consolidated Annual
Financial Statements