|
€ Million |
Notes |
2023 |
2022 |
|
Profit for the year |
1,300 |
199 |
|
|
Adjustments for: |
|||
|
Depreciation and decommissioning |
5 |
468 |
469 |
|
Amortised contributions for installation of grids and connections |
24 |
-34 |
-31 |
|
Received contributions for installation of grids and connections |
24 |
126 |
123 |
|
Change in deferred corporate income tax |
25 |
47 |
-3 |
|
Change in non-current provisions |
23 |
-7 |
-10 |
|
Financial income |
9 |
-19 |
-5 |
|
Financial expenses |
9 |
40 |
33 |
|
Corporate income tax expense recognised through profit or loss |
11 |
-32 |
63 |
|
Profit on sale of Fudura B.V. |
20 en 30 |
0 |
-1,113 |
|
Change in operational working capital excluding tax and interest |
30 |
-9 |
-58 |
|
Other |
3 |
0 |
|
|
Interest received |
30 |
14 |
1 |
|
Interest paid |
30 |
-31 |
-41 |
|
Corporate income tax paid or received |
30 |
-11 |
-55 |
|
Dividends from joint ventures and associates |
32 |
0 |
0 |
|
Cash flow from operating activities |
627 |
673 |
|
|
Investments in property, plant and equipment |
12 |
-1,098 |
-867 |
|
Investments in intangible assets |
13 |
-45 |
-34 |
|
Cash flow from investing in (in)tangible fixed assets |
-1,143 |
-901 |
|
|
Cash flow from operating activities and investing in (in)tangible fixed assets |
-516 |
-228 |
|
|
Net proceeds from sale of Fudura B.V. |
0 |
1,320 |
|
|
Loans granted |
15 |
-3 |
-7 |
|
Repayment of loans granted |
15 |
8 |
9 |
|
Increase in deposits1 |
19 |
-500 |
-650 |
|
Decrease in deposits1 |
19 |
1,150 |
100 |
|
Cash flow from other investing activities |
655 |
772 |
|
|
Cash flow from investing activities |
-488 |
-129 |
|
|
Cash flow before financing activities |
139 |
544 |
|
|
Green bond issue |
22 en 28 |
498 |
0 |
|
Increase in interest-bearing liabilities2 |
22 en 28 |
0 |
2,835 |
|
Repayment of interest-bearing liabilities2 |
22 en 28 |
-502 |
-3,135 |
|
Repayment of lease liability |
22 en 28 |
-32 |
-34 |
|
Dividend paid |
32 |
-193 |
-100 |
|
Cash flow from financing activities |
-229 |
-434 |
|
|
Total cash flows |
-90 |
110 |
|
|
Cash and cash equivalents at the beginning of the financial year |
30 |
217 |
107 |
|
Cash and cash equivalents at the end of the financial year |
30 |
127 |
217 |
- 1In 2023 and 2022, besides deposits in and withdrawals from deposits, excess liquidity was placed in money markets funds. At 31 December 2023 € 96 million (31 December 2022: € 179 million) was placed in money market funds.
- 2Concerns drawdowns and repayments on Euro Commercial Papers, bilateral cash loans and notes.