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28 – Consolidated Statement of Cash Flows

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Cash and cash equivalents

In EUR mn

 

 

 

2023

2022

Cash at bank and in hand

884

808

Short-term deposits

6,126

7,316

Cash and cash equivalents

7,011

8,124

Significant non-cash items

In 2022, the line “Other changes” in the consolidated statement of cash flows included non-cash effects related to the impairment of the Nord Stream 2 loan. Moreover the line contained impacts from the deconsolidation of JSC GAZPROM YRGM Development (YRGM) and OJSC Severneftegazprom (SNGP) as well as the fair value changes related to the investments in YRGM and SNGP and the contractual position toward Gazprom from the redetermination of the reserves of the Yuzhno Russkoye gas field.

In 2023 and 2022, non-cash additions to fixed assets mainly included effects of new lease contracts and the reassessment of decommissioning and restoration obligations.

Cash flow from investing activities

For details about the cash flow effect from divestments of subsidiaries and businesses please refer to Note 4 – Changes in Group structure.

Cash flow from financing activities

The line “Repayments of long-term borrowings” comprised the repayment of bonds with a nominal value of EUR 1,250 .

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Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)

In EUR mn

 

 

 

 

 

2023

 

Bonds

Other interest-bearing debts

Lease liabilities

Total

January 1

7,320

1,487

1,524

10,331

 

 

 

 

 

Repayments of long-term borrowings

–1,250

–44

–184

–1,477

Decrease (–)/increase (+) in short-term borrowings

—

40

—

40

Total cash flows related to financing activities

–1,250

–3

–184

–1,437

 

 

 

 

 

Currency translation differences

—

–22

–4

–25

Changes in the consolidated group

—

24

–23

1

Difference between interest expenses and interest paid

3

–15

1

–11

Other changes

—

—

2721

272

Total non-cash changes

3

–14

247

236

 

 

 

 

 

December 31

6,073

1,470

1,587

9,130

1

Mainly related to new lease agreements

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Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)

In EUR mn

 

 

 

 

 

2022

 

Bonds

Other interest-bearing debts

Lease liabilities

Total

January 1

8,070

1,765

1,191

11,026

 

 

 

 

 

Repayments of long-term borrowings

–750

–114

–183

–1,047

Decrease (–)/increase (+) in short-term borrowings

—

–184

—

–184

Total cash flows related to financing activities

–750

–298

–183

–1,230

 

 

 

 

 

Currency translation differences

—

31

2

33

Changes in the consolidated group

—

—

–123

–123

Difference between interest expenses and interest paid

0

–11

1

–11

Other changes

—

—

6361

636

Total non-cash changes

0

20

515

535

 

 

 

 

 

December 31

7,320

1,487

1,524

10,331

1

Mainly related to new lease agreements

The total cash outflow related to lease liabilities amounted to EUR 218 mn (2022: EUR 212 mn).

As of December 31, 2023, the Group had available EUR 5,310  of undrawn committed borrowing facilities that can be used for future activities (December 31, 2022: EUR 5,291 mn).

Financing commitments provided to related parties are detailed in Note 37 – Related parties.

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