|
|
|
|
|
|
(in thousands of euros) |
| |
1H 2009 |
|
1H 2008 pro forma |
|
1H 2007 |
|
| |
|
of which related parties |
|
of which related parties |
|
of which related parties |
|
| |
Income (loss) from continuing operations |
33 |
|
63 |
|
268 |
|
|
| |
Amortization, depreciation / impairment losses/reversals of intangible assets and property, plant and equipment |
108 |
|
104 |
|
109 |
|
|
| |
Financial expenses |
266 |
|
190 |
|
171 |
|
|
| |
Financial income |
(227) |
|
(167) |
|
(153) |
|
|
| |
Dividends |
(7) |
|
(22) |
|
(14) |
|
|
| |
Valuation of financial assets |
9 |
|
129 |
|
10 |
|
|
| |
Share of earnings (losses) of associates and joint ventures |
29 |
|
17 |
|
(4) |
|
|
| |
Income taxes |
(46) |
|
(65) |
|
(79) |
|
|
| |
Change in inventories |
161 |
|
(64) |
|
(1) |
|
|
| |
Change in trade receivables/payables |
(346) |
|
(144) |
|
(127) |
|
|
| |
Change in other receivables/payables |
(34) |
|
(79) |
|
89 |
|
|
| |
Change in employee benefit obligations/other provisions |
(2) |
|
(21) |
|
(11) |
|
|
| |
Other changes |
5 |
|
6 |
|
9 |
|
|
| A |
Net cash flows provided by (used for) operating activities |
(50) |
|
(54) |
|
267 |
|
|
| |
Investments in property, plant and equipment |
(73) |
|
(138) |
|
(112) |
|
|
| |
Disposals of property, plant and equipment including gain/loss |
13 |
|
29 |
|
10 |
|
|
| |
Investments in intangible assets |
(2) |
|
(4) |
|
(1) |
|
|
| |
Disposals of intangible assets including gain/loss |
0 |
|
1 |
|
0 |
|
|
| |
Acquisitions of investments in associates and joint ventures |
(31) |
|
(39) |
|
(115) |
|
|
| |
Disposals of investments in associates and joint ventures |
- |
|
1 |
|
- |
|
|
| |
Acquisitions of available-for-sale financial assets |
(2) |
|
(6) |
|
(17) |
|
|
| |
Disposals of available-for-sale financial assets |
113 |
|
19 |
|
29 |
|
|
| |
Pirelli Tyre private placement |
- |
|
(434) |
|
- |
|
|
| |
Dividends received |
7 |
|
22 |
|
14 |
|
|
| |
Net investment in business combinations |
(2) |
|
(33) |
|
(317) |
|
|
| B |
Net cash flows provided by (used for) investing activities |
22 |
|
(574) |
|
(508) |
|
|
| |
Change in share capital and share premium reserve |
- |
|
- |
|
- |
|
|
| |
Other changes in equity |
- |
|
(17) |
|
5 |
|
|
| |
Sale of Pirelli Real Estate shares |
- |
|
- |
|
(17) |
|
|
| |
Change in financial payables |
(64) |
|
(875) |
(219) |
510 |
|
|
| |
Change in financial receivables |
127 |
|
1 |
|
166 |
|
|
| |
Change in financial payables/receivables for acquisitions |
- |
|
- |
|
- |
|
|
| |
Financial income/expenses (net of gains on avail.-for-sale fin. assets ) |
(39) |
|
(602) |
|
(69) |
|
|
| |
Dividends paid |
(2) |
|
(168) |
(23) |
(74) |
|
|
| C |
Net cash flows provided by (used for) financing activities |
22 |
|
(1,057) |
|
521 |
|
|
| |
Net cash flows provided by (used for) operating activities |
- |
|
- |
|
- |
|
|
| |
Net cash flows provided by (used for) investing activities |
- |
|
- |
|
42 |
|
|
| |
Net cash flows provided by (used for) financing activities |
- |
|
- |
|
- |
|
|
| D |
Total cash flows from discontinued operations |
- |
|
- |
|
42 |
|
|
| E |
Total cash flows provided by (used) during the year (A+B+C+D) |
(6) |
|
(1,694) |
|
322 |
|
|
| F |
Cash and cash equivalents, at beginning of the year |
227 |
|
2,010 |
|
259 |
|
|
| G |
Exchange differences on translation of cash and cash equivalents |
0 |
|
(7) |
|
4 |
|
|
| H |
Net cash and cash equivalents, at end of the year |
221 |
|
309 |
|
585 |
|
|
| |
(*) of which: |
|
|
| |
cash |
238 |
|
334 |
|
591 |
|
|
| |
bank overdrafts |
(16) |
|
(25) |
|
(6) |
|
|
The consolidated statement of cash flows shows transactions with related parties that cannot be directly deduced from the other statements.
Consolidated Cash Flow Statements