Consolidated cash flow statement


EUR million


1.1. 31.12.

2010

2009






Cash flows from operating activities:





   Cash receipts from sales


1,066.0

818.9

   Cash paid for operating activities


-693.3

-590.4

   Cash generated from operations


372.7

228.5

   Interest paid


-42.9

-44.9

   Interest received


0.8

6.3

   Dividends received


0.0

0.0

   Income taxes paid


-3.3

4.2

Net cash from operating activities (A)


327.2

194.2






Cash flow from investing activities:





   Acquisitions of property, plant and equipment and intangible assets


-54.4

-97.1

   Proceeds from sale of property, plant and equipment and intangible          assets


22.1

7.7

   Acquisitions of Group companies, net of cash acquired

-1.3

-3.3

Net cash used in investing activities (B)


-33.7

-92.8






Cash flow from financing activities:





   Proceeds from issue of share capital


34.7

0.1

   Change in current financial receivables


-0.5

-0.2

   Change in non-current financial receivables


-6.2

1.7

   Change in financial current borrowings


-29.2

-117.0

   Change in financial non-current borrowings


-89.0

13.7

   Dividends paid


-50.7

-49.9

Net cash from financing activities (C)


-141.0

-151.7






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


152.6

-50.2






Cash and cash equivalents at the beginning of the period



62.5

113.2

Effect of exchange rate fluctuations on cash held


1.5

-0.5

Cash and cash equivalents at the end of the period



216.6

62.5




152.6

-50.2