| |
| (euro mln) | 2010 | 2011 |
| |
| Income from continuing operations before taxes | 365 | 475 |
| Amortization. depreciation/ impairment (losses) reversals of intangible assets and property, plants and equipment | 229 | 231 |
| Reversal of financial expenses | (298) | (57) |
| Reversal of financial income | 363 | 146 |
| Reversal of dividends | (6) | (4) |
| Valuation of financial assets | (17) | 24 |
| Share of earnings (losses) of associates and joint venture (net of dividends received) | (0) | (3) |
| Income taxes | (137) | (163) |
| Change in inventories | (110) | (351) |
| Change in trade receivables/payables | 128 | 244 |
| Change in Altro receivables/payables | 51 | 126 |
| Change in employee benefitn obligations and Altro provisions | 42 | (86) |
| Altro changes | 18 | 5 |
| |
 | 628,1 | 588,0 |
| Investments in property, plant and equipment | (433,1) | (617,8) |
| Disposals of property, plant and equipment including gain/loss | 18,0 | 6,0 |
| Investments in intagible assets | (4,8) | (8,4) |
| Disposals of intagible assets including gain/loss | 2,8 | 0,1 |
| Acquisitions of investments in associetes and joint venture | (16,9) | (4,0) |
| Acquisitions of Altro financial assets | (23,5) | 7,4 |
| Disposal of Altro financial assets | - | (90,0) |
| Dividends received | 5,8 | 4,2 |
| |
 | (451,7) | (702,4) |
| Increase/Decrease in share capital by non controlling interest | 4,8 | 9,9 |
| Change in financial payables | (186,4) | 631,1 |
| Change in financial receivables | (235,4) | (37,3) |
| Change in financial payables/receivables for acquisitions | (65,8) | (89,4) |
| Financial income/expenses | - | - |
| Dividends paid | (85,1) | (83,5) |
| |
 | (567,9) | 430,6 |
| |
| Net cash flows provided by (used for) operating activities | (8,0) | - |
| Net cash flows provided by (used for) investing activities | (1,0) | - |
| Net cash flows provided by (used for) financing activities | 11,3 | - |
| |
 | (2,2) | - |
| |
 | (389,3) | 316,2 |
| |
 | 610,8 | 226,8 |
| Exc. differences on transl. of cash and equivalents | 5,3 | (0,5) |
 | 226,8 | 542,4 |
| (°) of which:
cash
bank overdrafts | 244,7
(18,0) | 557,0
(14,5) |
Pirelli in figures (6,32MB)