|
CONSOLIDATED
STATEMENTS OF CASH-FLOW (million Euros €) |
|
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
|
Cash-flow after tax |
868 |
1,033 |
926 |
1,157 |
1,332 |
1,474 |
1,558 |
1,969 |
2,150 |
3,182 |
Divestments and
other sources |
47 |
309 |
89 |
13 |
174 |
167 |
219 |
1,139 |
397 |
|
Increase in long
term debt |
80 |
50 |
454 |
117 |
226 |
|
139 |
506 |
|
4,698 |
Reduction in working
capital |
153 |
|
207 |
19 |
|
|
359 |
|
830 |
4,949 |
Equity issue |
|
|
|
|
|
|
|
|
|
5,665 |
|
SOURCES OF FUNDS |
1,147 |
1,393 |
1,676 |
1,305 |
1,732 |
1,641 |
2,275 |
3,615 |
3,378 |
18,494 |
|
Investments |
971 |
1,127 |
1,281 |
1,075 |
1,147 |
1,221 |
1,903 |
3,052 |
2,217 |
17,711 |
Dividends paid |
176 |
193 |
204 |
230 |
265 |
326 |
373 |
447 |
517 |
567 |
Increase in working
capital |
|
73 |
|
|
321 |
75 |
|
116 |
|
|
Decrease in long
term debt |
|
|
|
|
|
19 |
|
|
643 |
|
Other applications |
|
|
192 |
|
|
|
|
|
|
216 |
|
APPLICATIONS OF
FUNDS |
1,147 |
1,393 |
1,676 |
1,305 |
1,732 |
1,641 |
2,275 |
3,615 |
3,378 |
18,494 |
|
|
|