Cash Flow Statement

1 January to 31 March
€m
	2008 restated¹⁾	2009
Net profit before taxes	392	645
Net other finance costs/net other financial income	149	–598
Net income from associates	–2	–20
Profit from operating activities (EBIT)	539	27
Depreciation/amortization of non-current assets	359	368
Net income from disposal of non-current assets	–26	–9
Non-cash income and expense	14	20
Change in provisions	–106	–343
Change in other assets and liabilities	–2	–7
Income taxes paid	–52	–83
Net cash from/used in operating activities before changes in working capital	726	–27
Changes in working capital
Inventories	–10	24
Receivables and other assets	–359	259
Liabilities and other items	–216	–531
Net cash from/used in operating activities due to continuing operations	141	–275
Net cash used in operating activities due to discontinued operations	–1,610	–1,828
Total net cash from operating activities	–1,469	–2,103
Proceeds from disposal of non-current assets
Subsidiaries and other business units	0	0
Property, plant and equipment and intangible assets	267	63
Other non-current financial assets	41	34
	308	97
Cash paid to acquire non-current assets
Subsidiaries and other business units	–93	–17
Property, plant and equipment and intangible assets	–345	–231
Other non-current financial assets	–11	–14
	–449	–262
Interest received	15	29
Postbank dividend	0	0
Current financial instruments	–11	–987
Net cash used in investing activities due to continuing operations	–137	–1,123
Net cash from/used in investing activities due to discontinued operations	542	–1,253
Total net cash from/used in investing activities	405	–2,376
Proceeds from issuance of non-current financial liabilities	14	3,960
Repayments of non-current financial liabilities	–137	–45
Change in current financial liabilities	144	–535
Other financing activities	41	20
Dividend paid to Deutsche Post AG shareholders	0	0
Dividend paid to other shareholders	–5	0
Issuance of shares under stock option plan	10	0
Interest paid	–136	–110
Net cash used in/from financing activities due to continuing operations	–69	3,290
Net cash from financing activities due to discontinued operations	128	7
Total net cash from financing activities	59	3,297
Net change in cash and cash equivalents	–1,005	–1,182
Effect of changes in exchange rates on cash and cash equivalents	–37	31
Changes in cash and cash equivalents associated with assets held for sale	0	0
Changes in cash and cash equivalents due to changes in consolidated group	0	0
Cash and cash equivalents at beginning of reporting period	4,683	4,662
Total cash and cash equivalents at end of reporting period	3,641	3,511
Less cash and cash equivalents of discontinued operations at end of reporting period	2,414	0
Plus cash and cash equivalents of continuing operations at discontinued operations at end of reporting period	10	0
Cash and cash equivalents of continuing operations at end of reporting period	1,237	3,511