| |
| (euro mln) | 1H 2009 | 1H 2010 | 1H 2011 |
| |
| Income from continuing operations before taxes | 73 | 151 | 246 |
| Amortization. depreciation/ impairment (losses) reversals of intangible assets and property, plants and equipment | 100 | 106 | 113 |
| Reversal of financial expenses | 253 | 211 | 273 |
| Reversal of financial income | (215) | (173) | (228) |
| Reversal of dividends | (7) | (3) | (0) |
| Valuation of financial assets | 12 | 4 | (1) |
| Share of earnings (losses) of associates and joint venture (net of dividends received) | 2 | 3 | |
| Income taxes | (43) | (70) | (87) |
| Change in inventories | 181 | (87) | (177) |
| Change in trade receivables/payables | (391) | (58) | (136) |
| Change in Altro receivables/payables | 22 | (1) | (9) |
| Change in employee benefitn obligations and Altro provisions | 6 | 40 | 1 |
| Altro changes | (7) | (3) | 18 |
| |
 | (11,4) | 119,8 | 13,0 |
| Investments in property, plant and equipment | (71,6) | (137,8) | (232,7) |
| Disposals of property, plant and equipment including gain/loss | 12,4 | 10,2 | 11,0 |
| Investments in intagible assets | (1,3) | (1,1) | (1,4) |
| Disposals of intagible assets including gain/loss | 0,1 | - | |
| Acquisitions of investments in associetes and joint venture | (6,3) | (2,1) | 17,5 |
| Acquisitions of Altro financial assets | (1,4) | (1,5) | |
| Disposal of Altro financial assets | 111,6 | | 6,1 |
| Dividends received | 6,8 | 2,9 | 0,4 |
| |
 | 50,3 | (129,4) | (199,1) |
| Increase/Decrease in share capital by non controlling interest | | | 4.4 |
| Change in financial payables | (107,4) | (36,7) | 253,4 |
| Change in financial receivables | 80,3 | (80,1) | (39,1) |
| Financial income/expenses | (38,4) | (38,0) | (44,8) |
| Dividends paid | (2,3) | (85,1) | (83,5) |
| |
 | (67,8) | (240,0) | 90,5 |
| |
| Net cash flows provided by (used for) operating activities | (4,8) | (5,8) | |
| |
| Net cash flows provided by (used for) investing activities | (20,7) | (5,8) | |
| |
| Net cash flows provided by (used for) financing activities | 48,4 | (5,8) | |
| |
 | 23,0 | (8,8) | 0,0 |
| |
 | (5,9) | (258,3) | (95,6) |
| |
 | 227,1 | 610,8 | |
| Exc. differences on transl. of cash and equivalents | 0,2 | (17,7) | |
 | 221,4 | 334,8 | (95,6) |
| (°) of which:
cash
bank overdrafts |
237.8
(16,4) |
358,9
(24,1) | (95,6) |
Pirelli in figures (2,37MB)