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Financial Statements

35. Net cash provided by (used in) financing activities

In fiscal 2008 there was a net cash outflow of €873 million (2007: €7,730 million) for financing activities. Net borrowings amounted to €1,525 million.
Cash outflows for dividend payments amounted to €1,126 million (2007: €773 million), including €84 million in withholding tax on intragroup dividends. Interest expense decreased to €1,272 million (2007: €1,344 million).
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