Consolidated cash flow statement


EUR million

1.1. 31.12.

Notes

2011

2010






Cash flows from operating activities:





   Cash receipts from sales


1,379.7

1,066.0

   Cash paid for operating activities


1,107.5

-693.3

   Cash generated from operations


272.2

372.7

   Interest paid


-12.4

-42.9

   Interest received


3.7

0.8

   Dividends received


0.0

0.0

   Income taxes paid


-30.6

-3.3

Net cash from operating activities (A)


232.9

327.2






Cash flow from investing activities:





   Acquisitions of property, plant and equipment and intangible assets

 

-159.8

-54.4

   Proceeds from sale of property, plant and equipment and

   intangible assets

 

3.1

22.1

   Acquisitions of Group companies, net of cash acquired

  (2)

-1.9

-1.3

   Change in Non-controlling interest
  

0.3

 

Net cash used in investing activities (B)


-158.4

-33.7






Cash flow from financing activities:





   Proceeds from issue of share capital

(22)

27.4

34.7

   Change in current financial receivables


0.0

-0.5

   Change in non-current financial receivables


0.1

-6.2

   Change in financial current borrowings


239.6

-29.2

   Change in financial non-current borrowings


-9.0

-89.0

   Dividends paid


-83.7

-50.7

Net cash from financing activities (C)


174.3

-141.0






Net increase in cash and cash equivalents (A+B+C)


248.8

152.6






Cash and cash equivalents at the beginning of the period



216.6

62.5

Effect of exchange rate fluctuations on cash held


-0.9

1.5

Cash and cash equivalents at the end of the period


(21)

464.5

216.6




248.8

152.6