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Consolidated Statements of Cash Flows (MFIM) , <br /> 1996 1995 <br /> • <br /> Cash flows from operating activities <br /> = Net profit before taxation. extraordinary items 217.9 197.5 <br /> Depreciation (3) 83.2 86.6 <br /> Reversal of items recorded on an accrual basis (32) 7.4 44.4 <br /> Cash generated before working capital changes 308.5 328.5 <br /> _' Change in short-term receivables 19.4 - 46.1 <br /> Change in inventories - 16.5 - 119.1 <br /> Change in short-term non-interest-bearing debt - 36.5 9.7 <br /> Cash generated from operations 275.0 173.1 <br /> Financial income items received 19.7 14.9 <br /> Dividends received 23.8 19.2 <br /> Financial expense items paid - 71.7 - 86.7 <br /> Taxes paid - 117.5 - 62.6 <br /> Net cash flow from operating activities 129.1 57.8 <br /> Cash flows from investing activities <br /> Acquisitions - 110.4 - 28.8 III <br /> Investment in shares - 128.1 - 111.4 <br /> Purchase of property, plant and equipment - 92.9 - 96.4 <br /> Investment in long-term receivables - 32.8 - 24.9 <br /> Proceeds from sale of operations 827.6 124.2 <br /> Proceeds from sate of shares 6.0 <br /> Proceeds from sale of equipment • 6.0 13.2 <br /> Net cash flow from investments 469.4 - 118.1 <br /> Cash flows from financing activities <br /> Redemption of shares - 37.8 <br />. Change in long-term debt - 297.1 21.6 <br /> Change in short-term interest-bearing debt - 77.0 42.4 <br /> Change in short-term receivables 0.2 <br /> Change in long-term receivables - 1.9 15.5 <br /> Dividends paid - 52.7 - 31.4 <br /> . Net cash flows from financing activities - 466.3 48.0 <br /> Change in cash 132.3 - 12.3SI <br /> Cash at beginning of year 41.8 54.0 <br /> Effect of exchange rate changes 2.1 0.0 <br /> :• Cash at end of year 176.3 41.7 <br />