Consolidated cash flow statement

EUR million	Appendix	1 Jan - Dec 2005	1 Jan - Dec 2004
Cash flow from operating activities
Profit before tax		211,9	212,5
Adjustments
Depreciation and amortisation		213,2	213,2
Financial income and expenses		22,2	29,6
Gains and losses on the disposal of fixed assets		-21,4	-15,8
Gains and losses on the disposal of shares		-54,4	-2,8
Change in provisions in the income statement		-11,7	-14,5
Other adjustments		-1,0	-10,0
		146,9	199,7
Change in working capital
Change in trade and other receivables		39,9	32,8
Change in inventories		-4,5	-0,3
Change in trade and other payables		-59,1	-27,6
		-23,7	4,9
Dividends received		0,8	0,1
Interests received		9,3	5,6
Interests paid		-30,6	-51,5
Taxes paid		309,5	355,3
Net cash flow from operating activities
Cash flow from investments
Acquisition of subsidiaries		-1,0	-8,5
Acquisition of associates		0,0	-1,8
Investments in property, plant and equipment		-194,9	-171,,4
Investments in available-for-sale investments		-3,1	-0,1
Disposal of subsidiaries		105,5	11,4
Disposal of associates		4,2	0,5
Disposal of property, plant and equipment		46,4	39,4
Disposal of available-for-sale investments		1,4	0,1
Long-term receivables		40,0
Net cash flow from investments		-1,5	-130,4
Cash flow from financing
Change in interest-bearing receivables		0,8	24,3
Disposal of treasury shares		0,8	6,4
Repayment of long-term debt		-102,4	-110,7
Increase (+), decrease (–) in short-term debt		-18,6	-15,3
Repayment of finance lease liabilities		-16,7	-21,0
Dividends paid		-122,0	-13,0
Net cash flow from financing		-258,1	-129,3
Change in cash and cash equivalents		49,9	95,6
Cash and cash equivalents at beginning of period	22	162,8	67,2
Cash and cash equivalents at end of period		212,7	162,8