Combined Statement of Cash Flows

Earnings before taxes

Depreciation, amortization and impairment of and loss allowances on non-current intangible assets, property, plant and equipment, right-of-use assets, financial assets and non-current finance receivables

Reversals of impairments of non-current finance receivables

Proceeds from disposal of property, plant and equipment

Net income (net loss) of companies accounted for using the equity method

Net income (net loss) of other investees

Net interest income (expense)

Other non-cash events

Change in trade receivables

Change in other assets

Change in inventories

Change in government grants

Change in provisions

Change in trade payables

Change in other liabilities

Interest received

Interest paid

Taxes on income and earnings paid

Cash flows from operating activities

Proceeds from disposal of property, plant and equipment and intangible assets

Cash payments to acquire property, plant and equipment and intangible assets

Proceeds from disposal of long-term financial assets

Cash payments to acquire companies accounted for using the equity method

Cash payments for advances and loans made to investees

Cash receipts from repayment of advances and loans made to investees

Cash receipts from payment of lease receivables

Dividends received

Cash flows from investing activities

Cash receipts from repayment of loans made to company owners

Cash payments for advances and loans made to company owners

Cash payments made to company owners

Cash proceeds from borrowings

Cash payments from redemption of financial borrowings

Cash payments from repayment of lease liabilities

Cash flows from financing activities

Net change in cash and cash equivalents

Change in cash and cash equivalents due to changes in the basis of consolidation

Change in cash and cash equivalents due to currency translation differences

Cash and cash equivalents at start of financial year

Cash and cash equivalents at end of financial year

Cash

Current liabilities to banks