For the consolidated cash flow statement, the following items have been included in net cash and cash equivalents:
|
€ Million |
2023 |
2022 |
|
Cash at bank and cash balances |
31 |
38 |
|
Money market funds |
96 |
179 |
|
Total |
127 |
217 |
The main items of the cash flow statement are specified below.
Changes in net working capital can be specified as follows:
|
€ Million |
2023 |
2022 |
|
Corporate income tax expense recognised in the income statement |
-32 |
63 |
|
Corporate income tax paid or received |
-11 |
-55 |
|
Interest income and expense recognised in the income statement |
21 |
28 |
|
Interest received and paid |
-17 |
-40 |
|
Working capital before tax and interest |
-9 |
-58 |
|
Total |
-48 |
-62 |
Specification of net working capital:
|
€ Million |
2023 |
2022 |
Delta |
|
Inventories |
150 |
74 |
-76 |
|
Receivables |
230 |
186 |
-44 |
|
Subtotal |
380 |
260 |
-120 |
|
Trade and other payables |
-398 |
-282 |
116 |
|
Corporate income tax |
32 |
-11 |
-43 |
|
(Current) provisions |
-3 |
-4 |
-1 |
|
Subtotal |
-369 |
-297 |
72 |
|
Total |
11 |
-37 |
-48 |
Changes in net interest-bearing liabilities in 2023 can be specified as follows:
|
Other assets |
Liabilities from financing activities |
||||
|
€ Million |
Cash and cash equivalents |
Deposits |
Non-current interest-bearing liabilities |
Current interest-bearing liabilities |
Total 2023 |
|
At 1 January |
217 |
650 |
-2,547 |
-531 |
-2,211 |
|
Cash flows1 |
-90 |
-650 |
-498 |
534 |
-704 |
|
Reclassification from non-current to current |
0 |
0 |
25 |
-25 |
0 |
|
Other non-cash movements |
0 |
0 |
-30 |
-3 |
-33 |
|
At 31 December |
127 |
0 |
-3,050 |
-25 |
-2,948 |
- 1The total incoming cash flow from borrowings in 2023 amounts to € 498 million and the total outgoing cash flow from loans repaid in 2023 amounts to € 534 million.
Changes in net interest-bearing liabilities in 2022 can be specified as follows:
|
Other assets |
Liabilities from financing activities |
||||
|
€ Million |
Cash and cash equivalents |
Deposits |
Non-current interest-bearing liabilities |
Current interest-bearing liabilities |
Total 2022 |
|
At 1 January |
107 |
100 |
-3,058 |
-331 |
-3,182 |
|
Cash flows1 |
110 |
550 |
0 |
334 |
994 |
|
Reclassification from non-current to current |
0 |
0 |
531 |
-531 |
0 |
|
Changes in other non-cash generating units |
0 |
0 |
-20 |
-3 |
-23 |
|
At 31 December |
217 |
650 |
-2,547 |
-531 |
-2,211 |
- 1The total incoming cash flow from borrowings in 2022 amounts to € 2.835 million and the total outgoing cash flow from loans repaid in 2022 amounts to € 3.169 million.
The proceeds from the sale of Fudura B.V. consist of a cash amount of € 1,326 million. The incoming cash flow is recognised under the investment activities less the incurred sales costs. The cash resources over which decisive control was lost amounted to € 3 million.