Consolidated statement of cash flows of Group Holcim

Consolidated statement of cash flows of Group Holcim

Million CHF

Notes

2014

2013

Net income before taxes

 

2,207

2,128

Other income

11

(179)

(204)

Share of profit of associates and joint ventures

23

(140)

(161)

Financial expenses net

12, 13

429

594

Operating profit

 

2,317

2,357

Depreciation, amortization and impairment of operating assets

9

1,430

1,538

Other non-cash items

 

217

178

Change in net working capital

 

(393)

(217)

Cash generated from operations

 

3,571

3,857

Dividends received

 

73

137

Interest received

 

124

145

Interest paid

 

(582)

(652)

Income taxes paid

 

(679)

(659)

Other expenses

 

(8)

(42)

Cash flow from operating activities (A)

 

2,498

2,787

 

 

 

 

Purchase of property, plant and equipment

 

(1,968)

(2,205)

Disposal of property, plant and equipment

 

209

205

Acquisition of participation in Group companies

 

(2)

(8)

Disposal of participation in Group companies

 

36

407

Purchase of financial assets, intangible and other assets

 

(300)

(263)

Disposal of financial assets, intangible and other assets

 

300

199

Cash flow from investing activities (B)

39

(1,724)

(1,665)

 

 

 

 

Payout on ordinary shares

16

(424)

(374)

Dividends paid to non-controlling interest

 

(297)

(202)

Capital paid-in by non-controlling interest

 

6

6

Movement of treasury shares

35

11

0

Proceeds from current financial liabilities

 

3,833

6,252

Repayment of current financial liabilities

 

(3,506)

(6,465)

Proceeds from long-term financial liabilities

 

2,849

2,635

Repayment of long-term financial liabilities

 

(3,453)

(3,471)

Increase in participation in existing Group companies

 

(3)

(5)

Decrease in participation in existing Group companies

 

10

0

Cash flow from financing activities (C)

 

(975)

(1,625)

 

 

 

 

Decrease in cash and cash equivalents (A + B + C)

 

(201)

(503)

 

 

 

 

Cash and cash equivalents as at January 1 (net)

17

1,993

2,711

Decrease in cash and cash equivalents

 

(201)

(503)

Currency translation effects

 

150

(215)

Cash and cash equivalents as at December 31 (net)

17

1,942

1,993