Annual Report - EDP

: financial report :EDP - Energias de PortugalConsolidated and Non-Consolidated Statement of Cash Flowsas at 31 December 2012 and 2011GroupCompanyThousands of Euros Dec 2012 Dec 2011 Dec 2012 Dec 2011Operating activitiesCash receipts from customers 14,709,734 14,337,258 2,053,315 2,241,167Proceeds from tariff adjustments securitization 442,340 684,651 - -Payments to suppliers -11,665,153 -10,588,153 -2,168,670 -2,189,230Payments to personnel -654,672 -817,903 -22,868 -54,547Concession rents paid -266,570 -226,115 - -Other receipts / (payments) relating to operating activities -441,352 -251,123 -44,413 -83,744Net cash from operations 2,124,327 3,138,615 -182,636 -86,354Income tax received / (paid) -127,792 -191,810 21,633 -9,227Net cash from operating activities 1,996,535 2,946,805 -161,003 -95,581Investing activitiesCash receipts relating to:Financial assets and investments 31,227 152,822 - 437,764Property, plant and equipment and intangible assets 6,718 48,964 3,445 2,746Investment grants 42,057 44,881 - -Interest and similar income 91,321 115,820 462,440 463,796Dividends 22,932 19,560 708,313 854,084194,255 382,047 1,174,198 1,758,390Cash payments relating to:Financial assets and investments -201,109 -614,704 -98,898 -511,755Changes in cash resulting from consolidation perimeter variations 1,023 -659 - -Property, plant and equipment and intangible assets -2,118,998 -2,311,043 -20,588 -44,645-2,319,084 -2,926,406 -119,486 -556,400Net cash from investing activities -2,124,829 -2,544,359 1,054,712 1,201,990Financing activitiesReceipts / (payments) relating to loans 1,530,649 732,952 744,439 439,916Interest and similar costs including hedge derivatives -706,962 -637,962 -328,717 -390,629Governmental grants received 4,817 2,587 - -Share capital increases by non-controlling interests - 4,503 - -Receipts / (payments) relating to derivative financial instruments -57,967 -63,980 3,628 -23,329Dividends paid to equity holders of EDP -670,829 -616,581 -670,829 -616,581Dividends paid to non-controlling interests -154,656 -137,565 - -Treasury stock sold / (purchased) -859 1,077 1,192 3,123Purchase / (sale) of non-controlling interests without loss of control 175,687 356,343 - -Receipts / (payments) from wind activity institutional partnerships - USA -15,159 141,111 - -Net cash from financing activities 104,721 -217,515 -250,287 -587,500Changes in cash and cash equivalents -23,573 184,931 643,422 518,909Effect of exchange rate fluctuations on cash held -12,615 -41,570 204 25Cash and cash equivalents at the beginning of the year 1,731,524 1,588,163 661,609 142,675Cash and cash equivalents at the end of the year (*) 1,695,336 1,731,524 1,305,235 661,609(*) See details of "Cash and cash equivalents" in note 29 of the Financial Statements.LISBON, 5 MARCH 2013THE OFFICIAL ACCOUNTANT THE MANAGEMENT THE EXECUTIVE BOARD OF DIRECTORSN.º 17,713The following notes form an integral part of these financial statementsThe following notes form an integral part of these financial statements164A World Full Of Energy