KAPITALFLUSSRECHNUNG

Im Allgemeinen werden die Zahlungsströme in drei Stufen des Cash-Flows unterschieden: 

• Cash-Flow aus operativer Tätigkeit - what the business is expected to generate
• Cash-Flow aus Investitionstätigkeit - what the business is expected to absorb by way of new investment
• Cash-Flow aus Finanzierungstätigkeit - a balance between the two former categories or required to be distributed to or from providers of capital
  

 

It is possible to start with EBIT or net income. The former requires an entry for taxes paid and the latter demands inclusion of possible adjustment for deferred taxation.