| OPERATING ACTIVITIES |
|
|
|
| Profit/loss before taxes |
|
772 |
405 |
| Adjustment for items not included in cash flow |
31 |
1,028 |
1,099 |
| Interest received |
|
4 |
6 |
| Interest paid |
|
-224 |
-322 |
| Income tax paid |
|
-217 |
-137 |
| Cash flow from operating activities before changes in working capital |
|
1,363 |
1,051 |
| Cash flow from changes in working capital |
|
|
|
| Changes in inventories |
|
-1 |
-4 |
| Changes in operating receivables |
|
-13 |
-28 |
| Changes in operating liabilities |
|
43 |
76 |
| Cash flow from operating activities |
|
1,392 |
1,095 |
| |
|
|
|
| INVESTING ACTIVITIES |
|
|
|
| Acquisition of property, plant and equipment |
|
-242 |
-250 |
| Disposal of property, plant and equipment |
|
30 |
16 |
| Acquisition of intangible assets |
|
-42 |
-47 |
| Acquisition of operations |
31 |
-247 |
-104 |
| Acquisition of non-current financial assets |
|
-1 |
-2 |
| Divestment of non-current financial assets |
|
5 |
1 |
| Cash flow from investing activities |
|
-497 |
-386 |
| |
|
|
|
| FINANCING ACTIVITIES |
|
|
|
| Borrowings |
31 |
20 |
72 |
| Repayments on loans |
31 |
-50 |
-496 |
| Repayments on lease liability |
|
-182 |
-182 |
| Call options |
|
– |
-12 |
| Other financing |
|
0 |
-2 |
| Dividend paid to equity holders of the Parent Company |
|
-91 |
-61 |
| Dividend paid to non-controlling interests |
|
-2 |
-1 |
| Cash flow from financing activities |
|
-305 |
-682 |
| Cash flow for the year |
|
590 |
27 |
| Cash and cash equivalents at beginning of year |
|
331 |
272 |
| Exchange differences on cash and cash equivalents |
|
-108 |
32 |
| Cash and cash equivalents at year-end |
|
813 |
331 |
