Consolidated cash flow statement

Cash flow from operating activities

30

Profit after tax

203

282

Adjustments for:

- Finance income and expense

27, 28

43

54

- Tax

29

68

42

- Results from associates and joint ventures

5

-9

5

- Depreciation, impairment and amortisation

22, 26

327

329

Book profit sale Endinet

33

-

-176

Changes in working capital:

- Inventories

-10

-7

- Trade and other receivables

-61

10

- Trade and other payables and accruals

29

20

Total changes in working capital

-42

23

Changes in deferred tax, provisions, derivatives and other

-35

-32

Cash flow from operations

555

527

Interest paid

-47

-65

Interest received

2

2

Corporate income tax paid (received)

-56

-88

Total

-101

-151

Cash flow from operating activities

454

376

Cash flow from investing activities

30

Investments in property, plant and equipment

3

-666

-680

Construction contributions received from third parties

14

96

99

Investments and divestments in financial assets (associates and joint ventures)

14

-5

Sale of high-voltage grid

7

-

Cash flow from the reparcelling operation

-

359

Cash flow from the acquisition of450connect GmbH

-

-5

Cash flow from investing activities

-549

-232

Cash flow from financing activities

30

Redemption EMTN

-

-100

ECP financing issued (redemption)

13

183

29

Long-term debt issued (redemption)

13

81

-27

(Redemption) loans granted

13

-11

4

Received (granted) current deposits

11

15

10

Reimbursement subordinated perpetual bond

12

-16

-16

Dividend paid

-104

-85

Cash flow from financing activities

148

-185

Net cash flow

53

-41

Cash and cash equivalents as at 1 January

48

89

Net cash flow

53

-41