Consolidated cash flow statement

Cash flow from operating activities

30

Profit after tax

224

253

Adjustments for:

- Finance income and expense

27, 28

41

52

- Tax

29

55

76

- Result after tax from associates and joint ventures

5

-1

-2

- Depreciation, amortisation and impairment

22, 26

388

378

Changes in working capital:

- Inventories

-9

6

- Trade and other receivables

21

12

- Trade and other payables, accruals and deferred income

1

-32

Total changes in working capital

13

-14

Changes in deferred tax, provisions, derivatives and other

2

-1

Cash flow from operations

722

742

Interest paid

-38

-48

Interest received

-

1

Dividend received

1

-

Corporate income tax paid (received)

-51

-57

Total

-88

-104

Cash flow from operating activities

634

638

Cash flow from investing activities

30

Investments in property, plant and equipment

3

-890

-834

Construction contributions received from third parties

14

175

124

Cash flow from the acquisition of 450connect GmbH

-60

-

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

-

-3

Cash flow from investing activities

-775

-713

Cash flow from financing activities

30

ECP financing issued (redeemed)

13

-289

291

Long-term debt issued

13

847

296

Long-term debt redeemed

14

-134

-321

Repayments of short-term debt

13

6

-

Redemption lease liabilities

-22

-20

Reimbursement on subordinated perpetual bond loan

12

-8

-8

Dividend paid

-114

-150

Cash flow from financing activities

286

88

Net cash flow

145

13

Cash and cash equivalents as at 1 January

153

140

Net cash flow

145

13