to download the 2012 registration document. - Groupe M6

2012 FINANCIAL STATEMENTS AND RELATED NOTES3. Consolidated statement of cash flows(€ millions) Note n° 31/12/2012 31/12/2011Operating profit 206.0 241.6Non-current asset depreciation and amortisation 104.0 92.8Capital gains (losses) on disposals (2.0) (10.2)Other non-cash items* 5.1 6.6Operating profit after restatement for non-cash items 313.1 330.8Income generated from cash balances 5.3 5.1Interest paid (0.7) (0.2)SELF-FINANCING CAPACITY (BEFORE TAX) 317.7 335.7Movements in inventories 2.7 (4.8)Movements in trade receivables 6.1 (40.1)Movements in operating liabilities 3.1 12.1NET MOVEMENT IN WORKING CAPITAL REQUIREMENTS 11.9 (32.9)Income tax paid (88.5) (114.7)CASH FLOW FROM OPERATING ACTIVITIES 241.2 188.1Investment activitiesIntangible assets acquisitions (91.1) (76.9)Property, facilities and equipment acquisitions (25.6) (16.2)Investments acquisitions (3.4) (1.2)Cash and cash equivalents arising from subsidiary acquisitions (2.6) (7.4)Cash and cash equivalents arising from subsidiary disposals - -Disposals of intangible assets and property, facilities and equipment 4.0 20.0Disposals of investments 28.3 0.3Dividends received - 7.5NET CASH USED IN INVESTMENT ACTIVITIES (90.5) (73.9)Financing activitiesShare capital increases 24 (4.9) (31.8)Financial assets 18 (20.5) (1.3)Financial liabilities (0.7) (0.3)Income from the exercise of stock options - -Purchase and sale of treasury shares 24 (11.3) (0.7)Dividends paid to shareholders of the parent company 13 (126.3) (128.6)NET CASH USED IN FINANCING ACTIVITIES (163.7) (162.6)Cash flow linked to discontinuing operations - -Translation effect on cash and cash equivalents - 0.1NET CHANGE IN CASH AND CASH EQUIVALENTS 23 (13.0) (48.3)Cash and cash equivalents - start of year 23 328.6 376.9CASH AND CASH EQUIVALENTS - END OF YEAR 315.6 328.6* primarily related to the charge recognised pursuant to IFRS 2– Share-based payments154 - M6 GROUP - 2012 REGISTRATION DOCUMENT