27. Adjustment to cash flow from operating activities

M €

31 Dec 2015

31 Dec 2014

Depreciation

1.2

1.7

Financial income and expenses

37.1

47.3

Income taxes

45.3

35.7

Share of result of associated companies

-0.6

-0.9

Profit/loss from investment properties

  

measured at fair value

-70.3

-26.2

Profit/loss on sales of investment properties

-2.7

4.6

Other adjustments

-1.0

-0.5

Total

9.0

61.7

   

 

 

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