Corporate Magazine 2012 - Boehringer Ingelheim

C. H. Boehringer Sohn AG & Co. KG, IngelheimCASH FLOW STATEMENT(in millions of EUR) 2012 2011Income after taxes 1,237 1,476Write-downs/write-ups on fixed assets 1) 866 659Change in provisions for pensions 122 243Cash flow 2,225 2,378Change in other provisions 294 382Other non-cash income and expenses 5 287Loss on disposals of fixed assets 40 20Change in inventories — 125 — 136Change in accounts receivable and other assets not related to investing or financing activities — 259 — 515Change in trade accounts payable and other liabilities not related to investing or financingactivities — 10 154Cash flow from operating activities 2,170 2,570Investments in intangible assets — 79 — 54Investments in property, plant and equipment — 562 — 458Investments in non-current financial assets 1) — 10 — 14Proceeds from disposals of tangible assets 24 17Proceeds from disposals of non-current financial assets 1) 4 7Cash flow from investing activities — 623 — 502Cash receipts from/cash payment to owners and minority shareholders — 2,541 — 498Cash proceeds from borrowings/repayments of loans — 299 32Cash flow from financing activities — 2,840 — 466Change in liquid funds from cash relevant transactions — 1,293 1,602Changes in liquid funds due to exchange rate movements 49 — 4Financial funds 2) as of 1.1. 7,711 6,113Financial funds 2) as of 31.12. 6,467 7,7111)Excluding fixed-asset securities2)Liquid funds, securities within fixed and current assets(+) = source of funds, (-) = use of funds44Boehringer Ingelheim annual report 2012