Cash Flow Statement

-
€m
	2008	H1 2009
Net profit before taxes	-1,066	746
Net other finance costs/net other financial income	102	-564
Net income from associates	-2	-46
Profit from operating activities (EBIT)	-966	136
Depreciation/amortisation of non-current assets	2,662	741
Net income from disposal of non-current assets	-76	41
Non-cash income and expense	217	77
Change in provisions	1,237	-801
Change in other assets and liabilities	-20	-12
Income taxes paid	-325	-179
Net cash from operating activities before changes in working capital	2,729	3
Changes in working capital
Inventories	-50	34
Receivables and other assets	583	613
Liabilities and other items	100	-879
Net cash from/used in operating activities due to continuing operations	3,362	-229
Net cash used in operating activities due to discontinued operations	-1,423	-1,828
Total net cash used in/from operating activities	1,939	-2,057
Proceeds from disposal of non-current assets
Subsidiaries and other business units	0	-6
Property, plant and equipment and intangible assets	1,421	100
Other non-current financial assets	162	304
	1,583	398

Financial Information > Cash Flow Statement

Cash Flow Statement - continued

-
€m
	2008	H1 2009
Cash paid to acquire non-current assets
Subsidiaries and other business units	-424	-28
Property, plant and equipment and intangible assets	-1,660	-503
Other non-current financial assets	-1,085	-143
	-3,169	-674
Interest received	570	65
Postbank dividend	103	0
Current financial instruments	-1	-119
Net cash used in/from investing activities due to continuing operations	-914	-330
Net cash from/used in investing activities due to discontinued operations	473	-1,253
Total net cash from/used in investing activities	-441	-1,583
Proceeds from issuance of non-current financial liabilities	176	3,983
Repayments of non-current financial liabilities	-497	-351
Change in current financial liabilities	-337	-492
Other financing activities	-148	-50
Dividend paid to Deutsche Post AG shareholders	-1,087	-725
Dividend paid to other shareholders	-80	-8
Issuance of shares under stock option plan	21	0
Interest paid	-434	-185
Net cash used in/from financing activities due to continuing operations	-2,386	2,172
Net cash used in/from financing activities due to discontinued operations	918	7
Total net cash used in/from financing activities	-1,468	2,179
Net change in cash and cash equivalents	30	-1,461
Effect of changes in exchange rates on cash and cash equivalents	-53	21
Changes in cash and cash equivalents due to changes in consolidated group	2	0
Cash and cash equivalents at beginning of reporting period	4,683	4,662
Total cash and cash equivalents at end of reporting period	4,662	3,222
Less cash and cash equivalents of discontinued operations at end of reporting period	3,416	0
Plus cash and cash equivalents of continuing operations at discontinued operations at end of reporting period	104	0
Cash and cash equivalents of continuing operations at end of reporting period	1,350	3,222

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