TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011
TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011
TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>TDC</strong> <strong>Group</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
Consolidated Statements of Cash Flow DKKm<br />
Note <strong>2011</strong> 2010<br />
Operating profit before pension income, depreciation, amortisation and special items<br />
(EBITDA before pension income) 10,501 10,337<br />
Adjustment for non-cash items 28 143 217<br />
Pension contributions (157) (169)<br />
Payments related to provisions (90) (11)<br />
Cash flow related to special items (786) (792)<br />
Change in working capital 29 (67) 571<br />
Cash flow from operating activities before net financials and tax 9,544 10,153<br />
Interest received 720 339<br />
Interest paid (1,365) (1,761)<br />
Realised currency translation adjustments (7) 7<br />
Cash flow from operating activities before tax 8,892 8,738<br />
Income tax paid (1,715) (1,500)<br />
Cash flow from operating activities in continuing operations 7,177 7,238<br />
Cash flow from operating activities in discontinued operations 0 1,504<br />
Total cash flow from operating activities 7,177 8,742<br />
Investment in enterprises 30 (267) (286)<br />
Investment in property, plant and equipment (2,526) (2,678)<br />
Investment in intangible assets (955) (968)<br />
Investment in other non-current assets (27) (52)<br />
Divestment of enterprises 31 7 0<br />
Sale of property, plant and equipment 18 39<br />
Sale of intangible assets 0 9<br />
Divestment of joint ventures and associates 0 1<br />
Sale of other non-current assets 109 12<br />
Dividends received from joint ventures and associates 4 34<br />
Cash flow from investing activities in continuing operations (3,637) (3,889)<br />
Cash flow from investing activities in discontinued operations 32 (67) 15,327<br />
Total cash flow from investing activities (3,704) 11,438<br />
Proceeds from long-term loans 16,678 0<br />
Repayments of long-term loans (17,928) (8,872)<br />
Change in short-term bank loans 215 (2,149)<br />
Dividends paid (1,780) (70)<br />
Acquisition of treasury shares 0 (9,000)<br />
Cash flow from financing activities in continuing operations (2,815) (20,091)<br />
Cash flow from financing activities in discontinued operations 0 (21)<br />
Total cash flow from financing activities (2,815) (20,112)<br />
Total cash flow 658 68<br />
Cash and cash equivalents at 1 January 33 831 763<br />
Cash and cash equivalents at 31 December<br />
Consolidated Statements of Cash Flow<br />
1,489 831<br />
102
Change language