Consolidated statement of cash flows
Consolidated statement of cash flows
(indirect method)
| Note | 2020 | 2019 | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net profit/(loss) | (1,146.2) | 1,152.9 | |
| Adjustments: | 4,338.1 | 1,780.1 | |
| Income tax | 10.1 | (506.6) | 539.3 |
| Share in net profit/(loss) of equity-accounted joint ventures | 14 | 1.9 | (4.2) |
| Depreciation and amortisation | 9.1 | 1,089.9 | 909.3 |
| Foreign exchange (gains)/losses | 182.8 | 156.3 | |
| Interest and dividends | 159.4 | 191.8 | |
| (Gains)/losses from investing activities | 142.2 | 47.7 | |
| Impairment losses on property, plant and equipment and other intangible assets |
9.4; 9.3 | 904.8 | (61.1) |
| Settlement and measurement of financial instruments | 9.5 | (65.7) | (15.8) |
| Decrease/(Increase) in trade receivables | 915.2 | (728.7) | |
| Decrease in other assets | 24.5 | 48.2 | |
| Decrease/(Increase) in inventories | 1,358.2 | (8.1) | |
| (Decrease)/Increase in trade payables | (304.7) | 27.1 | |
| Increase in other liabilities and provisions | 399.5 | 634 | |
| Increase in employee benefit obligations | 36.7 | 44.3 | |
| Income tax paid | (322.0) | (802.8) | |
| Net cash from operating activities | 2,869.9 | 2,130.2 | |
| Cash flows from investing activities | |||
| Dividends received | 2.4 | 8.2 | |
| Odsetki otrzymane | – | 5.1 | |
| Sale of property, plant and equipment and other intangible assets | 4.5 | 0.6 | |
| Purchase of property, plant and equipment and other intangible assets | (895.4) | (805.0) | |
| Cash contributions – equity-accounted joint ventures | 14 | (7.0) | (17.3) |
| Acquisition of shares | (300.0) | – | |
| Loans | (200.0) | – | |
| Security deposits (margins) | 1.7 | (49.7) | |
| Funds for future costs of decommissioning of oil and gas extraction facilities | (28.7) | 394.6 | |
| Settlement of derivative financial instruments | 34.0 | 55.6 | |
| Net cash from investing activities | (1,388.5) | (407.9) | |
| Cash flows from financing activities | |||
| Proceeds from bank borrowings | 22 | 74.4 | 283.4 |
| Grants received | 15 | 0.5 | |
| Repayment of bank and non-bank borrowings | 22 | (571.5) | (1,359.2) |
| Interest paid | (196.8) | (242.3) | |
| Dividends paid | 12 | (184.9) | (554.6) |
| Payment of lease liabilities | (214.6) | (194.4) | |
| Settlement of derivative financial instruments | (11.4) | (74.6) | |
| Net cash from financing activities | (1,089.8) | (2,141.2) | |
| Total net cash flow | 391.6 | (418.9) | |
| Effect of exchange rate fluctuations on cash held | 15.2 | (2.8) | |
| Change in net cash | 406.8 | (421.7) | |
| Cash at beginning of period | 1,516.6 | 1,938.3 | |
| Cash at end of period | 17 | 1,923.4 | 1,516.6 |