Cash Flow Statement

1 January to 31 March
€m
	2009 adjusted¹⁾	2010
Profit before income taxes	645	1,840
Net other financial income	–598	–1,294
Net income from associates	–20	–34
Profit from operating activities (EBIT)	27	512
Depreciation/amortisation of non-current assets	368	318
Net income from disposal of non-current assets	–9	2
Non-cash income and expense	31	70
Change in provisions	–343	–358
Change in other non-current assets and liabilities	–7	–28
Income taxes paid	–83	–75
Net cash used in/from operating activities before changes in working capital	–16	441
Changes in working capital
Inventories	24	4
Receivables and other current assets	236	–782
Liabilities and other items	–519	242
Net cash used in operating activities due to continuing operations	–275	–95
Net cash used in operating activities due to discontinued operations	–1,828	0
Total net cash used in operating activities	–2,103	–95
Subsidiaries and other business units	0	–24
Property, plant and equipment, and intangible assets	63	54
Other non-current financial assets	34	14
Proceeds from disposal of non-current assets	97	44
Subsidiaries and other business units	–13	–47
Property, plant and equipment, and intangible assets	–231	–203
Other non-current financial assets	–14	–10
Cash paid to acquire non-current assets	–258	–260
Interest received	29	11
Dividend received	0	4
Current financial assets	–987	6
Net cash used in investing activities due to continuing operations	–1,119	–195
Net cash used in investing activities due to discontinued operations	–1,253	0
Total net cash used in investing activities	–2,372	–195
Proceeds from issuance of non-current financial liabilities	3,960	8
Repayments of non-current financial liabilities	–45	–29
Change in current financial liabilities	–535	27
Other financing activities	20	–34
Proceeds from transactions with minority interests	0	0
Cash paid for transactions with minority interests	–4	0
Dividend paid to Deutsche Post AG shareholders	0	0
Dividend paid to other shareholders	0	–7
Purchase of treasury shares	0	–10
Interest paid	–110	–72
Net cash from/used in financing activities due to continuing operations	3,286	–117
Net cash from financing activities due to discontinued operations	7	0
Total net cash from/used in financing activities	3,293	–117
Net change in cash and cash equivalents	–1,182	–407
Effect of changes in exchange rates on cash and cash equivalents	31	39
Changes in cash and cash equivalents associated with assets held for sale	0	0
Changes in cash and cash equivalents due to changes in consolidated group	0	0
Cash and cash equivalents at beginning of reporting period	4,662	3,064
Cash and cash equivalents at end of reporting period	3,511	2,696

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