ASSURED 2011

Consolidated Financial Statements IFRS

 

Consolidated Statements of Cash Flows of SAP Group as at December 31,

€ millions

Notes
 
2011 2010 2009
Profit after tax   3,439 1,813 1,750
Adjustments to reconcile profit after taxes to net cash flows provided by operating activities:
Depreciation and amortization (16), (17) 724 534 499
Income tax expense (11) 1,329 525 685
Financial income, net (10) 38 67 80
Decrease/increase in sales and bad debt allowances on trade receivables –18 –49 64
Other adjustments for non-cash items 14 29 3
Decrease/increase in trade receivables –426 –123 593
Decrease/increase in other assets –59 –122 209
Decrease/increase in trade payables, provisions, and other liabilities –380 1,116 –124
Decrease/increase in deferred income 121 66 48
Cash outflows due to TomorrowNow litigation (24) –52 –102 –19
Interest paid –139 –66 –69
Interest received 92 52 22
Income taxes paid, net of refunds –908 –818 –722
Net cash flows from operating activities 3,775 2,922 3,019
Business combinations, net of cash and cash equivalents acquired (4) –188 –4,194 –73
Purchase of intangible assets and property, plant, and equipment –445 –334 –225
Proceeds from sales of intangible assets or property, plant, and equipment 55 44 45
Purchase of equity or debt instruments of other entities –2,046 –842 –1,073
Proceeds from sales of equity or debt instruments of other entities 1,398 1,332 1,027
Net cash flows from investing activities –1,226 –3,994 –299
Purchase of non-controlling interests –28 0 0
Dividends paid (22) –713 –594 –594
Purchase of treasury shares (22) –246 –220 0
Proceeds from reissuance of treasury shares 251 127 24
Proceeds from issuing shares (share-based compensation) 46 23 6
Proceeds from borrowings 519 5,380 697
Repayments of borrowings –1,005 –2,196 –2,303
Net cash flows from financing activities –1,176 2,520 –2,170
Effect of foreign currency exchange rates on cash and cash equivalents 74 186 54
Net decrease/increase in cash and cash equivalents 1,447 1,634 604
Cash and cash equivalents at the beginning of the period (22) 3,518 1,884 1,280
Cash and cash equivalents at the end of the period (22) 4,965 3,518 1,884
The accompanying Notes are an integral part of these Consolidated Financial Statements.
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