Cash Flow Statement

1 January to 30 June
€m
	H1 2009 adjusted¹⁾	H1 2010	Q2 2009 adjusted¹⁾	Q2 2010
Profit before income taxes	746	1,951	101	111
Net other finance costs/net other financial income	–564	–1,128	34	166
Net income from associates	–46	–58	–26	–24
Profit from operating activities (EBIT)	136	765	109	253
Depreciation, amortisation and impairment losses	741	641	373	323
Net income from disposal of non-current assets	41	255	50	253
Non-cash income and expense	80	58	49	–12
Change in provisions	–801	–631	–458	–273
Change in other non-current assets and liabilities	–12	–39	–5	–11
Income taxes paid	–179	–158	–96	–83
Net cash from operating activities before changes in working capital	6	891	22	450
Changes in working capital
Inventories	34	14	10	10
Receivables and other current assets	567	–1,034	331	–252
Liabilities and other items	–836	399	–317	157
Net cash used in/from operating activities due to continuing operations	–229	270	46	365
Net cash used in operating activities due to discontinued operations	–1,828	0	0	0
Total net cash used in/from operating activities	–2,057	270	46	365
Subsidiaries and other business units	–6	–268	–6	–244
Property, plant and equipment and intangible assets	100	85	37	31
Other non-current financial assets	304	41	270	27
Proceeds from disposal of non-current assets	398	–142	301	–186
Subsidiaries and other business units	–24	–51	–11	–4
Property, plant and equipment and intangible assets	–503	–458	–272	–255
Other non-current financial assets	–143	–13	–129	–3
Cash paid to acquire non-current assets	–670	–522	–412	–262
Interest received	65	24	36	13
Dividend received	0	4	0	0
Current financial assets	–119	293	868	287
Net cash used in/from investing activities due to continuing operations	–326	–343	793	–148
Net cash used in investing activities due to discontinued operations	–1,253	0	0	0
Total net cash used in/from investing activities	–1,579	–343	793	–148
Proceeds from issuance of non-current financial liabilities	3,983	–114	23	–122
Repayments of non-current financial liabilities	–351	16	–306	45
Change in current financial liabilities	–492	–3	43	–30
Other financing activities	–50	–54	–70	–20
Proceeds from transactions with minority interests	0	0	0	0
Cash paid for transactions with minority interests	–4	0	0	0
Dividend paid to Deutsche Post AG shareholders	–725	–725	–725	–725
Dividend paid to other shareholders	–8	–44	–8	–37
Purchase of treasury shares	0	–10	0	0
Interest paid	–185	–92	–75	–20
Net cash from/used in financing activities due to continuing operations	2,168	–1,026	–1,118	–909
Net cash from financing activities due to discontinued operations	7	0	0	0
Total net cash from/used in financing activities	2,175	–1,026	–1,118	–909
Net change in cash and cash equivalents	–1,461	–1,099	–279	–692
Effect of changes in exchange rates on cash and cash equivalents	21	100	–10	61
Changes in cash and cash equivalents associated with assets held for sale	0	0	0	0
Changes in cash and cash equivalents due to changes in consolidated group	0	0	0	0
Cash and cash equivalents at beginning of reporting period	4,662	3,064	3,511	2,696
Cash and cash equivalents at end of reporting period	3,222	2,065	3,222	2,065

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