IFRS PRACTICAL IMPLEMENTATION GUIDE AND WORKBOOK

Wiley IFRS: Practical Imp lementation Guide and Workbook

24

Consolidated Statement of Cash Flows Euro ill millions

2004 2, 112

2006 2005 1,732 1,986

Notes

Cash generated from operations'

31

(104 )

(62)

Income taxes received

114

1,846 1,924

2,008

Operati ng cash flows from continuing operations Operat ing cash flows from discont inued operations

(28)

(60)

163

1,818 1,864 (1,099) (1,185)

2,171

Net cash from operating activities

(1,225)

Purchase of noncurrent assets

Divestments of noncurrent assets and disposal groups held for sale

227

212

216

(176 )

(32)

Acquisition of business, net of cash acquired Divestment of business, net of cash divested

31 31

(7)

46

931

989

(2)

(13)

(500)

Acqui sition of interests in joi nt venture s and associates

4 14

Dividends from joi nt ventures and associates

42 70 20

50 84 58

60 41

Interest received

Other

(872)

(70) (68)

Investing cash flows from continuing operatio ns Investing cash flows from discontinued ope rations

163

82

30

(138) (759)

Net cash from investing activities

(790 ) (523)

193

(730)

Interest paid

193

227

Proceeds from loans Repayments of loans Changes in derivatives

65

(1,0 13)

(282) (2,919)

(23)

(36)

473

(141) (107)

(105) (113)

Change in short-term borrowings

(499)

(72)

Other

(1,829)

(1,334) (3,20 I)

Financing cash flows from continuing operations Financing cash flows from discontinued operations

(179)

57

7

(1,277) (3,194)

(2,008)

Net cash from financing activities

Net cash from operating, investing, and financing activities 25 Cash generated from operations ill 2006 incl udes a payment related to the Securities Class Action settlement of EUR 536 (net a/insurance proceeds of EUR 92). For more information 0 /1 the Securities Class Actions settlement, see note 34. The accompa nying notes are an integral part ofthese consolidated fi nancial statements. 9. RECENT AMENDMENTS TO lAS 1 EFFECTIVE IN 2009 9.1 lAS 1 (r evised 2007), effective for annual periods beginning on or after January 1,2009 9.1.1 In September 2007 the lASS issued a revised IASI and they made many changes to the terminology including changes to the titles of individual financial statements, For instance, the title "balance sheet" will in future be referred to as a "statement of financial position," The most significant changes are set out below, • There is a new requirement to include a "statement of financial position" at the beginning of the earliest comparative period presented whenever an entity applies a change in accounting policy retrospectively, or makes a retrospective restatement of items in its financial state– ments, or when it reclassifies items in the financial statements; • All items of income and expense (including those accounted for directly in equity) must, af– ter the revisions become effective, be presented either in a single statement (a "statement of comprehensive income") or in two statements (with a separate "income statement" and "statement of comprehensive income"); • Entities are no longer permitted to present items of "other comprehensive income" (e.g, gains or losses on revaluation of property, plant and equipment) separately in the "statement of changes in equity" ("such nonowner movements must now be presented in a statement of comprehensive income"); • Entities are no longer permitted to present transactions with owners in their capacity as own– ers in the notes to the financial statements (since now the "statement of changes in equity" must be presented as a separate financial statement); and • New detailed requirements have been added regarding the presentation of items of "other comprehensive income." 31 (249) (1, 137)