Sheet120072008200920102011Transactions related to Operating ActivitiesCash Received from Customers (+) ---- 'A'Cash paid to suppliers and employees (-) ---- 'B'Income Tax Paid (-)---- 'C'Net Cash Flows from operating transactions ---- 'D' (A+B+C)Transactions related to Investing ActivitiesFixed Assets Acquired (CAPEX for both replacement and growth) (-)----'E'Fixed Assets Sold (+) ---'F'Net Cash Flows out of CAPEX ('-' 0r '+')---- 'G' (E+F)New Investments Acquired (subsidiaries, JVs, ICI etc..) (-)--- 'H'Existing Investments Sold or Matured (+)--- 'I'Net Investments Acquired (-) or Sold (+)------ 'J' (G+H)Interset and Dividends Received on Investments (+) ---- 'K'Net Cash Flows from Investing transactions ---- 'L' (H+I+K)Transactions related to Financing ActivitiesTransaction with Debt. HoldersDebt Retirement (-)--- 'M'New debt issued (+)--- 'N'Net debt retired (-) or issued (+)---- 'O' (M+N)Interest paid ----- 'P'Net Cash Flows from transaction with debt holders---- 'Q' (O+P)Transactions with Equity HoldersAddnl. Capital Issued (+)--- 'R'Capital Retired (Buy back) (-) ---- 'S'Net Capital Issued (+) or retired (-) ---- 'T' (R+S)Dividends and tax on dividends paid --- 'U'Net Cash Flows out of transactions with equity holders---- 'V' (T+U)Total Cash Flows from Financing Transactions--- 'W'-- (Q+V)Net Cash Flows -------------------------------- D+L+W