Parent company's cash flow statement

EUR million	1 Jan-31 Dec 2005	1 Jan-31 Dec 2004
Cash flow from operations
Profit before extraordinary items	77,4	138,4
Adjustments:
Depreciation and amortisation according to plan	99,5	57,5
Other financial income and expenses	16,9	-98,6
Gains and losses (-/+) on the disposal of fixed assets	-31,5	-15,9
Gains and losses (-/+) on the disposal of shares	-73,0	2,5
Change in provisions and liabilities in the income statement	0,7	-9,2
Other adjustments	1,1
Cash flow before change in working capital	91,1	74,7
Change in working capital	51,1	47,7
Cash flow before financial items and taxes	142,2	122,4
Interests paid and interests and dividends received	-13,4	57,9
Income taxes paid	-2,8	-0,7
Cash flow from operating activities	126,0	179,6
Cash flow from investments
Capital expenditures	-111,3	-56,9
Disposal of fixed assets	53,6	34,7
Investments in shares and other financial assets	-44,8	-9,3
Proceeds from disposal of shares and other financial assets	86,2	38,4
Loans granted	-11,0
Repayment of loan receivables	58,4	34,7
Cash flow from investments	31,1	41,6
Cash flow from financing
Amortisation of long-term debt	-98,5	-7,6
Change in short-term debt	-34,8	-270,7
Dividends paid	-117,5
Group contributions received	143,4	120,1
Cash flow from financing	-107,4	-158,2
Change in cash and cash equivalents	49,7	63,0
Cash and cash equivalents at beginning of period	119,6	13,8
Cash and cash equivalents transferred fro merger/business	2,6	42,8
Cash and cash equivalents at end of period	171,9	119,6