Cash Flow Statement

In € million H1 2013 H1 2012
Earnings before taxes (EBT) -298.7 -17.9
Depreciation, write-downs (+)/write-ups (–) of fixed assets 359.6 170.6
Income tax refunded (+)/paid (–) -35.3 2.2
Other non-cash expenses (+)/income (–) 141.5 58.6
Interest expenses 57.2 65.5
Gain (–)/loss (+) from the disposal of non-current assets -2.3 1.6
Increase (–)/decrease (+) in inventories 140.4 -16.1
Increase (–)/decrease (+) in trade receivables and other assets not attributable to investment or financing activities -211.2 -428.6
Use of provisions affecting payments, excluding income tax provision -132.8 -135.2
Increase (+)/decrease (–) in trade payables and other liabilities not attributable to investment or financing activities 52.1 530.9
     
Cash outflow/inflow from operating activities 70.5 231.3
     
Cash inflow from the disposal of fixed assets 5.6 0.1
Cash outflow for investments in intangible assets and property, plant and equipment -137.0 -151.0
Cash inflow (+)/outflow (–) for/from investments of funds -5.1 -145.3
Cash inflow from the disposal of financial assets 2.6 1.2
Cash outflow for investments in financial assets -43.0 -45.2
     
Cash flow from investment activities -176.9 -340.2
     
Cash outflow in payments to company owners -13.5 -24.3
Cash inflow (+)/outflow (–) as a result of the issuing of bonds, borrowings and other financial liabilities -3.9 -3.6
Interest paid -6.4 -5.8
     
Cash outflow/inflow from financing activities -23.9 -33.7
     
Cash and cash equivalents at the start of the period 878.6 946.2
Cash and cash equivalents relating to changes in the consolidated group - 1.0
Gains and losses from changes in foreign exchange rates -2.1 2.4
Payment-related changes in cash and cash equivalents -130.3 -142.6
     
Cash and cash equivalents at the end of the period 746.1 806.9