Henkel Annual Report 2011


Additional voluntary information
Reconciliation to free cash flow
in million euros20102011
Cash flow from operating activities18511562
Purchase of intangible assets– 16– 9
Purchase of property, plant and equipment– 240– 384
Proceeds on disposal of other non-current assets4347
Net interest paid– 160– 163
Other changes in pension obligations30– 102
Free cash flow1508951