Investor Relations | Financials > Cash Flow

	2009	2010
Operating Activities
Profit before income taxes	5,164	4,533
Plus/ less adjustments for:
Depreciations	2,418	2,563
Grant ammortization - Conceded rights	-16	-7.7
Delete intangible assets	0	95
Provisions	418	-119
Results (income, expenses, profit, losses) from investing activity	54	382
Interest expense	1,378	1,406
Plus/less adjustments for changes in working capital or related to operating activities:
Decrease / (increase) in inventories	0	0
Decrease / (increase) in receivables	-1,548	-1,164
(Decrease) / increase in short term liabiliites (except for banks)	687	-2,333
Less:
Interest charges & related expenses paid	-1,435	-1,333
Tax paid	-809	-766
Total inflows/ outflows from operating activities (a)	6,610	3,256
Investing Activitites
Acquisition of affiliates, subsidiaries, joint ventures and other investment	-3,028	-1,200
Purchase of tangible and intangible assets	-3,635	-1,486
Proceeds from sale of tangible and intangible assets	453	0.5
Interests collected	45	74
Dividends collected	0	0
Total inflows/ outflows from investing activities (b)	-6,165	-2,611
Financing Activities
Purchase of own shares		78
Proceeds from issued loans	21,157	17,742
Loan payments	-17,774	-20,973
Payments of liabilities from financial leases (capital installments)	-393	-202
Dividends paid	-1,127	-1,246
Total inflows/ outflows from financing activities (c)	1,863	-4,601
Net increase (decrease) in cash and cash equivalents (a)+(b)+(c)	2,308	-3,956
Cash and cash equivalents at the beginning of the period	4,669	6,977
Cash and cash equivalents at the end of the period	6,977	3,020