Consolidated cash flow statement

Cash flow from operating activities

30

Profit after tax

253

334

Adjustments for:

- Finance income and expense

27, 28

52

46

- Tax

29

76

119

- Result after tax from associates and joint ventures

5

-2

-3

- Depreciation, amortisation and impairment

22, 26

378

338

- Book profit on sale of Allego

33

-

-105

Changes in working capital:

- Inventories

6

8

- Trade and other receivables

12

-20

- Trade and other payables, accruals and deferred income

-32

20

Total changes in working capital

-14

8

Changes in deferred tax, provisions, derivatives and other

-1

10

Cash flow from operations

742

747

Interest paid

-48

-54

Interest received

1

2

Corporate income tax paid (received)

-57

-57

Total

-104

-109

Cash flow from operating activities

638

638

Cash flow from investing activities

30

Investments in property, plant and equipment

3

-834

-731

Construction contributions received from third parties

14

124

126

Financial assets (associates and joint ventures) - Investments and divestments

-3

-1

Sale of Allego

-

110

Cash flow from investing activities

-713

-496

Cash flow from financing activities

30

ECP financing issued (redeemed)

13

291

-224

Long-term debt issued

13

296

228

Long-term debt redeemed

14

-321

-3

Short-term debt issued

13

-

14

Loans granted

11

-

-14

Repayments of short-term debt

13

-

10

Redemption lease liabilities

-20

-

Issue of subordinated perpetual bond loan

12

-

495

Repayment of subordinated perpetual bond loan

12

-

-496

Reimbursement on subordinated perpetual bond loan

12

-8

-21

Dividend paid

-150

-92

Cash flow from financing activities

88

-103

Net cash flow

13

39

Cash and cash equivalents as at 1 January

140

101

Net cash flow

13

39