| ($ million) | Note | 2014 | 2013(*) |
|---|---|---|---|
| A) CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR | (22) | 6,489 | 6,084 |
| B) CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES: | |||
| Profit/(loss) | 916 | 1,218 | |
| Amortization and depreciation (net of vehicles sold under buy-back commitments and operating lease) | 1,151 | 997 | |
| (Gains)/losses on disposal of: | |||
| Property plant and equipment and intangible assets (net of vehicles sold under buy-back commitments) | (1) | 3 | |
| Investments | - | 25 | |
| Other non-cash items | (37) | 157 | 38 |
| Dividends received | 88 | 81 | |
| Change in provisions | (70) | 132 | |
| Change in deferred income taxes | 108 | (49) | |
| Change in items due to buy-back commitments | (37) | 111 | 105 |
| Change in operating lease items | (37) | (582) | (210) |
| Change in working capital | (37) | (705) | 97 |
| TOTAL | 1,173 | 2,437 | |
| C) CASH FLOWS FROM/(USED IN) INVESTMENT ACTIVITIES: | |||
| Investments in: | |||
| Property, plant and equipment and intangible assets (net of vehicles sold under buy-back commitments and operating lease) | (1,698) | (1,985) | |
| Consolidated subsidiaries, net of cash acquired | - | - | |
| Other investments | (104) | (113) | |
| Proceeds from the sale of: | |||
| Property, plant and equipment and intangible assets (net of vehicles sold under buy-back commitments) | 25 | 7 | |
| Other investments | - | - | |
| Net change in receivables from financing activities | (37) | (923) | (2,399) |
| Change in current securities | - | 5 | |
| Other changes | 320 | (70) | |
| TOTAL | (2,380) | (4,555) | |
| D) CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES: | |||
| Bonds issued | 2,759 | 1,100 | |
| Repayment of bonds | - | (1,000) | |
| Issuance of other medium-term borrowings | 2,306 | 2,520 | |
| Repayment of other medium-term borrowings | (2,520) | (2,297) | |
| Net change in other financial payables and other financial assets/liabilities | (37) | (808) | 2,583 |
| Capital increase | 18 | 4 | |
| Dividends paid | (382) | (368) | |
| (Purchase)/sale of treasury shares | - | 8 | |
| (Purchase)/sale of ownership interests in subsidiaries | - | (18) | |
| TOTAL | 1,373 | 2,532 | |
| Translation exchange differences | (514) | (9) | |
| E) TOTAL CHANGE IN CASH AND CASH EQUIVALENTS | (348) | 405 | |
| F) CASH AND CASH EQUIVALENTS AT END OFYEAR | (22) | 6,141 | 6,489 |
(*) Amounts recast in order to refl ect the change in presentation currency from euro to U.S. dollar. Reference should be made to the section "Significant accounting policies", paragraph “Change in presentation currency”, for further details.
