In EUR mn |
|
|
|
---|---|---|---|
|
Note |
2024 |
2023 |
Net income for the year |
|
2,024 |
1,917 |
Depreciation, amortization, impairments and write ups |
3,079 |
2,619 |
|
Deferred taxes |
15 |
175 |
|
Current taxes |
2,195 |
2,512 |
|
Income taxes paid |
|
–2,374 |
–3,920 |
Tax refunds |
|
22 |
41 |
Losses (+)/gains (–) from disposal of non-current assets and businesses |
–0 |
–2 |
|
Income from equity-accounted investments and other dividend income |
–307 |
–336 |
|
Dividends received from equity-accounted investments and other companies |
784 |
793 |
|
Interest expenses |
148 |
148 |
|
Interest paid |
|
–177 |
–181 |
Interest income |
–446 |
–459 |
|
Interest received |
|
444 |
400 |
Increase (+)/decrease (–) in personnel provisions |
–13 |
–102 |
|
Net change in other provisions and emissions certificates |
23 |
–72 |
|
Other changes |
–110 |
1,106 |
|
Cash flow from operating activities excluding net working capital effects |
|
5,308 |
4,638 |
Decrease (+)/increase (–) in inventories |
–72 |
1,320 |
|
Decrease (+)/increase (–) in receivables |
729 |
1,043 |
|
Increase (+)/decrease (–) in liabilities |
–508 |
–1,293 |
|
Changes in net working capital components |
|
148 |
1,071 |
Cash flow from operating activities |
|
5,456 |
5,709 |
Investments |
|
|
|
Intangible assets and property, plant, and equipment |
–3,513 |
–3,487 |
|
Investments, loans, and other financial assets |
–605 |
–635 |
|
Acquisitions of subsidiaries and businesses, net of cash acquired |
–199 |
–52 |
|
Divestments and other investing cash inflows |
|
|
|
Cash inflows in relation to non-current assets and financial assets |
|
350 |
183 |
Cash inflows from the sale of subsidiaries and businesses, net of cash disposed |
814 |
965 |
|
Cash flow from investing activities |
|
–3,152 |
–3,027 |
Increase in long-term borrowings |
990 |
0 |
|
Repayments of long-term borrowings |
–1,047 |
–1,477 |
|
Repayment hybrid bond |
–500 |
– |
|
Increase (+)/decrease (–) in short-term borrowings |
–113 |
40 |
|
Decrease in non-controlling interest |
|
– |
–1 |
Dividends paid to stockholders of the parent (incl. Hybrid coupons) |
–1,744 |
–1,746 |
|
Dividends paid to non-controlling interests |
–717 |
–587 |
|
Cash flow from financing activities |
|
–3,132 |
–3,771 |
Effect of foreign exchange rate changes on cash and cash equivalents |
|
0 |
–25 |
Net increase (+)/decrease (–) in cash and cash equivalents |
|
–828 |
–1,114 |
Cash and cash equivalents at beginning of year |
7,011 |
8,124 |
|
Cash and cash equivalents at end of year |
6,182 |
7,011 |
|
Thereof cash disclosed within assets held for sale |
|
– |
91 |
Cash and cash equivalents presented in the consolidated statement of financial position |
|
6,182 |
6,920 |