[38] Net cash flows from financing activities Audited

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

XLS

 

 

 

€ million

2011

2010

Dividends to shareholders

–80.8

–64.6

Dividends to shareholders of non-controlling interest

–6.0

–21.5

Dividend payments

–86.8

–86.1

 

 

 

 

 

 

€ million

2011

2010

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

0.8

3.7

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

–938.5

–433.9

Changes in reserves of Merck KGaA by E. Merck KG

655.5

212.1

Profit transfer from Merck KGaA to E. Merck KG

–282.2

–218.1

Profit transfer from Merck & Cie to E. Merck KG

–44.3

–43.0

Profit transfer to E. Merck KG

–326.5

–261.1

 

 

 

Changes in financial liabilities to E. Merck KG

8.9

71.5

Changes in other liabilities to E. Merck KG

68.4

79.1

Changes in liabilities to E. Merck KG

77.3

105.6

Total cash transfers to and from E. Merck KG

–249.2

–110.5