Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

CASH FLOW STATEMENT FOR THE YEAR ENDED 31.12.2006
(CZK million)
Note 2006 2005
Cash and cash equivalents at 1.1. 18 11,958 13,134
Profit before tax 13,560 9,440
Depreciation and impairment of non-current assets 3, 4 12,513 12,202
Change in provisions 17 926 1,022
Loss/(Gain) on disposal of non-current assets 28 (51)
Net interest expense 22 99 601
Change in inventories 8 (464) 777
Change in receivables (43) 1,030
Change in liabilities 86 (1,259)
Income tax paid from operating activities 23 (2,541) (1,908)
Interest paid (527) (897)
Interest received 583 464
Cash flows from operating activities 24,220 21,421
Purchases of non-current assets 3, 4 (8,079) (8,567)
Additions to capitalised development costs 3 (2,710) (2,861)
Acquisition of financial investments (187) –
Proceeds from sale of non-current assets 49 129
Cash flows from investing activities (10,927) (11,299)
Cash flows netto (operating and investing activities) 13,293 10,122
Dividends paid – (4,454)
Change in liabilities from factoring 13 68 (1,844)
Repayment of bonds 13 – (5,000)
Cash flows from financing activities 68 (11,298)
Net change in cash and cash equivalents 13,361 (1,176)
Cash and cash equivalents at 31.12. 18 25,319 11,958
The notes on pages 101 to 129 are an integral part of these financial statements.
100