Consolidated cash flow statement for 2024
|
(in millions of euros) |
2024 |
2023* |
|
|
Result from continuing operations |
-124 |
-268 |
|
|
Adjustments for: |
|||
|
Income tax |
6 |
-111 |
|
|
Share in result of investments accounted for using the equity method |
-2 |
1 |
|
|
Depreciation and amortisation |
372 |
415 |
|
|
Impairment losses |
90 |
402 |
|
|
Net financing result |
-30 |
28 |
|
|
Change in provisions |
-16 |
-184 |
|
|
Change in non-current liabilities not resulting in cash flows |
26 |
21 |
|
|
Change in deferred income |
-34 |
-37 |
|
|
412 |
535 |
||
|
Result after adjustments |
288 |
267 |
|
|
Change in inventories |
-10 |
7 |
|
|
Change in trade and other receivables |
3 |
104 |
|
|
Change in current liabilities |
103 |
-172 |
|
|
Movements in working capital |
96 |
-61 |
|
|
Interest paid |
-51 |
-29 |
|
|
Income tax received/paid |
- |
- |
|
|
Net cash flow from discontinued operations |
34 |
77 |
|
|
-17 |
48 |
||
|
Net cash flow from operating activities |
367 |
254 |
|
|
Finance income received |
15 |
14 |
|
|
Disposal/acquisition of subsidiaries (net of cash disposed of/acquired) |
-29 |
-302 |
|
|
Acquisition of intangible assets and property, plant and equipment |
-511 |
-539 |
|
|
Received grants related to intangible assets and property, plant and equipment |
65 |
- |
|
|
Acquisition of investment property |
-4 |
-2 |
|
|
Receipts (payments) other investments |
- |
- |
|
|
Acquisition of non-current financial assets, including investments** |
-712 |
-778 |
|
|
Disposal of non-current financial assets, including investments** |
311 |
940 |
|
|
Disposal of intangible assets, property, plant and equipment and investment property |
3 |
2 |
|
|
Net investment cash flow from discontinued operations |
91 |
53 |
|
|
Net cash flow from investing activities |
-771 |
-612 |
|
|
Net cash flow from operating and investment activities |
-404 |
-358 |
|
|
Repayment of borrowings |
-382 |
-643 |
|
|
Repayment of lease liabilities |
-42 |
-49 |
|
|
New borrowings |
865 |
900 |
|
|
Net financing cash flow from discontinued operations |
-48 |
-87 |
|
|
Net cash flow from financing activities |
393 |
121 |
|
|
Net decrease/increase in cash and cash equivalents |
-11 |
-237 |
|
|
Cash and cash equivalents as at 1 January |
460 |
700 |
|
|
Foreign exchange and translation differences on cash and cash equivalents |
- |
-3 |
|
|
Cash and cash equivalents as at 31 December |
449 |
460 |
|
- *Adjusted for result from discontinued operations of ATH GmbH.
- **This mainly concerns the acquisition and disposal of money market funds.