Consolidated Statement of Cash Flows for 2023

Net income for the year

Depreciation, amortization, impairments and write ups

Deferred taxes

Current taxes

Income taxes paid

Tax refunds

Losses (+)/gains (–) from disposal of non-current assets and businesses

Income from equity-accounted investments and other dividend income

Dividends received from equity-accounted investments and other companies

Interest expenses

Interest paid

Interest income

Interest received

Increase (+)/decrease (–) in personnel provisions

Net change in other provisions and emissions certificates

Other changes

Cash flow from operating activities excluding net working capital effects

Decrease (+)/increase (–) in inventories

Decrease (+)/increase (–) in receivables

Increase (+)/decrease (–) in liabilities

Changes in net working capital components

Cash flow from operating activities

Intangible assets and property, plant, and equipment

Investments, loans, and other financial assets

Acquisitions of subsidiaries and businesses net of cash acquired

Cash inflows in relation to non-current assets and financial assets

Cash inflows from the sale of subsidiaries and businesses, net of cash disposed

Cash disposed due to the loss of control

Cash flow from investing activities

Repayments of long-term borrowings

Increase (+)/decrease (–) in short-term borrowings

Increase in non-controlling interest

Decrease in non-controlling interest

Dividends paid to stockholders of the parent (incl. hybrid coupons)

Dividends paid to non-controlling interests

Cash flow from financing activities

Effect of foreign exchange rate changes on cash and cash equivalents

Net increase (+)/decrease (–) in cash and cash equivalents

Cash and cash equivalents at beginning of year

Cash and cash equivalents at end of year

Thereof cash disclosed within Assets held for sale

Cash and cash equivalents presented in the consolidated statement of financial position