Acino ? Delivering Health
Acino ? Delivering Health
Acino ? Delivering Health
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2011 cash flow<br />
EUR<br />
million<br />
12<br />
7<br />
2<br />
‐3<br />
‐8<br />
‐13<br />
‐18<br />
‐23<br />
Change in<br />
working capital<br />
Cash<br />
flow<br />
(11.5)<br />
20.4<br />
CF from<br />
operating<br />
activities<br />
8.9<br />
Payment<br />
PPE<br />
(20.5)<br />
(11.2)<br />
(EUR million) 2011 2010 Change<br />
Cash flow (11.5) 46.0 (125%)<br />
Changes in working capital 20.4 (25.6)<br />
Cash flow from operations 8.9 20.4 (56%)<br />
Cash flow from investing (31.7) (25.7) 23%<br />
Cash flow from financing 6.6 (7.1)<br />
Net change in cash (16.1) (12.1)<br />
Free cash flow (22.8) (5.2)<br />
Payment<br />
intangibles &<br />
Financial assets<br />
Proposal to the AGM: Distribution of CHF 1.00 / share<br />
(out of legal reserve exempt from withholding tax)<br />
Financing<br />
activities<br />
6.6<br />
(0.0)<br />
Forex<br />
effects<br />
(16.1)<br />
Net change<br />
in cash<br />
(22.8)<br />
Free cash<br />
flow<br />
4