|
|
| ||||||
|---|---|---|---|---|---|---|---|
|
€m |
2006 |
2007 | |||||
| |||||||
|
Net profit before taxes |
2,296 |
1,623 | |||||
|
Net finance cost excluding net income from measurement at equity |
966 |
945 | |||||
|
Net income from measurement at equity |
–663 |
–435 | |||||
|
Profit or loss from operating activities (EBIT) |
2,599 |
2,133 | |||||
|
Depreciation/amortisation of non-current assets |
1,601 |
2,196 | |||||
|
Net income from disposal of non-current assets |
–174 |
–226 | |||||
|
Non-cash income and expense |
115 |
47 | |||||
|
Change in provisions |
–1,055 |
–877 | |||||
|
Change in other assets and liabilities |
–19 |
–146 | |||||
|
Taxes paid |
–251 |
–278 | |||||
|
Net cash from operating activities |
2,816 |
2,849 | |||||
|
Changes in working capital |
|
| |||||
|
Inventories |
–54 |
10 | |||||
|
Receivables and other assets |
–824 |
–657 | |||||
|
Liabilities and other items |
240 |
606 | |||||
|
Net cash from operating activities |
2,178 |
2,808 | |||||
|
Proceeds from disposal of non-current assets |
|
| |||||
|
Divestitures |
239 |
62 | |||||
|
Other non-current assets |
925 |
756 | |||||
|
|
1,164 |
818 | |||||
|
Cash paid to acquire non-current assets |
|
| |||||
|
Investments in companies |
–440 |
–334 | |||||
|
Other non-current assets |
–1,813 |
–2,009 | |||||
|
|
–2,253 |
–2,343 | |||||
|
Interest received |
86 |
514 | |||||
|
Postbank dividend |
137 |
103 | |||||
|
Current financial instruments |
–5 |
0 | |||||
|
Net cash used in investing activities |
–871 |
–908 | |||||
|
Change in financial liabilities |
272 |
–757 | |||||
|
Dividend paid to Deutsche Post AG shareholders |
–836 |
–903 | |||||
|
Dividend paid to other shareholders |
–37 |
–56 | |||||
|
Issuance of shares under stock option plan |
124 |
73 | |||||
|
Interest paid |
–399 |
–660 | |||||
|
Net cash used in financing activities |
–876 |
–2,303 | |||||
|
Net change in cash and cash equivalents |
431 |
–403 | |||||
|
Effect of changes in exchange rates on cash and cash equivalents |
–38 |
–46 | |||||
|
Change in cash and cash equivalents |
–16 |
27 | |||||
|
Cash and cash equivalents at 1 January |
1,384 |
1,761 | |||||
|
Cash and cash equivalents at 31 December |
1,761 |
1,339 | |||||
Cash flow disclosures
The cash flow statement including Postbank at equity is based on the consolidated financial statements including Postbank at equity. This means that the cash flows of Deutsche Postbank Group are eliminated, but the cash flows between Deutsche Post World Net and Deutsche Postbank Group are reincluded. In addition, net income from the measurement of Deutsche Postbank Group at equity is included as non-cash income in net cash from operating activities. The dividend paid by Deutsche Postbank AG to Deutsche Post AG is included in cash flows from investing activities. All other items are treated in the same way as in the consolidated cash flow statement. Further disclosures relating to the cash flow statement can be found in Note 47.
