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[37] Net cash flows from financing activities 

Disclosed dividend payments and transfers of profits in accordance with the Articles of Association were broken down as follows in the fiscal year:

XLS

EUR million

2010

2009

Dividends to shareholders

–64.6

–96.9

Dividends to shareholders of non-controlling interest

–21.5

–7.9

Dividend payments

–86.1

–104.8

 

 

 

EUR million

 

 

Profit transfer in accordance with the Articles of Association from E. Merck KG to Merck KGaA

3.7

0.6

Profit transfer in accordance with the Articles of Association from Merck KGaA to E. Merck KG

–433.9

–217.9

Changes in reserves of Merck KGaA by E. Merck KG

212.1

66.3

Profit transfer from Merck KGaA to E. Merck KG

–218.1

–151.0

Profit transfer from Merck & Cie to E. Merck KG

–43.0

–26.8

Profit transfer to E. Merck KG

–261.1

–177.8

 

 

 

Changes in financial liabilities to E. Merck KG

71.5

20.6

Changes in other liabilities to E. Merck KG

79.1

–53.2

Changes in liabilities to E. Merck KG

150.6

–32.6

Total cash transfers to and from E. Merck KG

–110.5

–210.4

Free cash flow after dividend payments and profit transfers totaled EUR –3,869.7 million (2009: EUR 529.8 million).

© Merck KGaA, Darmstadt, Germany, Last Update 2010/02/23