|
Cash flows from operating activities: | | | |
| Net profit from continuing operations | 3,510 | 1,814 | 93 |
| Amortization and depreciation | 5,890 | 5,956 | 5,414 |
| Net losses on disposal of tangible and intangible assets | 16 | 13 | 18 |
| Net gains on disposal of investments | (76) | (13) | --- |
| Other non-cash items | (199) | 111 | 812 |
| Dividends received | 102 | 123 | 112 |
| Change in provisions | 555 | 1,519 | 3,206 |
| Change in deferred taxes | 1,057 | 389 | (279)
|
| Change due to assets sold with buy-back commitments and GDP vehicles | (11) | (95) | 6 |
| Change in inventories | (1,666) | (471) | (958) |
| Change in trade receivables | (206) | 177 | (191) |
| Change in trade payables | 1,086 | 776 | 1,571 |
| Change in other payables and receivables | 327 | 295 | (580) |
| Cash flows from operating activities - discontinued operations | --- | --- | 527 |
|
Total |
10,385 |
10,594 |
9,751 |
|
Cash flows used in investing activities: | | | |
| Investments in property, plant and equipment and intangible assets | (8,666) | (8,815) | (8,819) |
| Investments in joint ventures, associates and unconsolidated subsidiaries | (18) | (116) | (266) |
| Proceeds from the sale of tangible and intangible assets | 61 | 36 | 29 |
| Proceeds from disposal of other investments | 4 | 55 | --- |
| Net change in receivables from financing activities | (838) | (483) | 410 |
| Change in securities | 175 | 299 | (239) |
| Other changes | (14) | (15) | 11 |
| Cash flows used in investing activities - discontinued operations | --- | --- | (426) |
|
Total |
(9,296) |
(9,039) |
(9,300) |
|
Cash flows (used in) /from financing activities: | | | |
| Issuance of notes | --- | 1,250 | 2,840 |
| Repayment of notes | (2,235) | (2,373) | (7,241) |
| Proceeds of other long-term debt | 833 | 1,342 | 3,061 |
| Repayment of other long-term debt | (3,439) | (4,618) | (4,412) |
| Net change in short-term debt and other financial assets/liabilities | 371 | (591) | (36) |
| Net proceeds from initial public offering of 10 percent of Ferrari N.V. | --- | --- | 866 |
| Distributions paid | (1) | (18) | (283) |
| Other changes | (2) | (119) | 10 |
| Cash flows from financing activities - discontinued operations | --- | --- | 2,067 |
|
Total |
(4,473) |
(5,127) |
(3,128) |
| Translation exchange differences | (1,296) | 228 | 681 |
|
Total change in Cash and cash equivalents |
(4,680) |
(3,344) |
(1,996) |
| Cash and cash equivalents at beginning of the period | 17,318 | 20,662 | 22,840 |
| Cash and cash equivalents at end of the period - included within Assets held for distribution | --- | --- | 182 |
|
Cash and cash equivalents at end of the period |
12,638 |
17,318 |
20,662 |
| | | |