|
€ Million |
1st half year 2024 |
1st half year 2023 |
|
Profit for the year |
122 |
15 |
|
Adjustments for: |
||
|
Depreciation and decommissioning |
237 |
230 |
|
Amortised contributions for installation of grids and connections |
-18 |
-17 |
|
Received contributions for installation of grids and connections |
52 |
59 |
|
Change in deferred corporate income tax |
27 |
3 |
|
Change in non-current provisions |
0 |
-5 |
|
Financial income |
-3 |
-8 |
|
Financial expenses |
25 |
18 |
|
Corporate income tax expense recognised through profit or loss |
15 |
0 |
|
Change in operational working capital excluding tax and interest |
-46 |
-5 |
|
Interest received |
0 |
6 |
|
Interest paid |
-28 |
-9 |
|
Corporate income tax paid or received |
-21 |
-12 |
|
Cash flow from operating activities |
362 |
275 |
|
Investments in property, plant and equipment |
-622 |
-495 |
|
Investments in intangible assets |
-26 |
-20 |
|
Cash flow from investing in (in)tangible fixed assets |
-648 |
-515 |
|
Cash flow from operating activities and investing in (in)tangible fixed assets |
-286 |
-240 |
|
Loans granted |
-3 |
-3 |
|
Repayment of loans granted |
3 |
4 |
|
Increase in deposits1 |
- |
-500 |
|
Decrease in deposits1 |
- |
525 |
|
Cash flow from other investing activities |
0 |
26 |
|
Cash flow from investing activities |
-648 |
-489 |
|
Cash flow before financing activities |
-286 |
-214 |
|
Green bond issue |
494 |
498 |
|
Increase interest-bearing liabilities2 |
658 |
- |
|
Repayment of interest-bearing liabilities2 |
-658 |
-2 |
|
Repayment of lease liability |
-15 |
-16 |
|
Dividend paid |
-36 |
-193 |
|
Cash flow from financing activities |
443 |
287 |
|
Total cash flows |
157 |
73 |
|
Cash and cash equivalents at the beginning of the financial year |
127 |
217 |
|
Cash and cash equivalents at the end of the financial year |
284 |
290 |
- 1At 30 June 2024 € 196 million of excess liquidity was placed in money market funds. Liquidity placed in money market funds qualifies as cash and cash equivalents and is therefore not presented on this line.
-
2Concerns the issuance and repayment of commercial paper under the Euro Commercial Paper (ECP) programme, the obtaining and repayment of
bilateral cash loans and issuance and redemption of notes.