Annual report 2019

80

CONSOLIDATED STATEMENT OF CASH FLOWS

2018*)

2019

Note

(in thousands of EUR)

CASH FLOWS FROM OPERATING ACTIVITIES Net Group profit / loss (-)

- 433,736

74,899

[10/15/16/ 27.1]

Depreciation, amortization and impairment charges

716,285 282,549

265,115 340,014

Cash flow

Adjustments for: Finance income and expenses

13,281 19,944 - 4,560

15,681 20,141 - 6,756 - 40,146 - 48,013 33,683 - 3,477 - 31,368 - 31,667 144,336 - 25,590 366,838

[11] [12]

Income tax expenses Results from disposals

[7]

Reversal of impairments evidenced by a sale transaction Results from divestments and acquisitions Movement in provisions and employee benefits

- -

[10]

16,542 - 10,596 68,470 61,791 - 187,438

Movement in inventories

Movement in trade and other receivables Movement in trade and other payables Movement unbilled and deferred revenue

Share in result of joint ventures and associates, including share in impairment charges

- 7,830

[17]

Cash generated from operating activities

252,153

Dividends received Interest received

15,124

10,191

[17] [11]

372

995

Interest paid

- 11,384 - 19,774 236,491

- 12,625 - 37,293 328,106

Income tax paid

Net cash from operating activities

ANNUAL REPORT 2019 – BOSKALIS FINANCIAL STATEMENTS 2019 R 9 -- BOSKALIS FINANCIAL STATEMENTS 2019 Purchase of own shares Payment of lease liabilities Dividend paid to shareholders Currency translation differences CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from interest-bearing borrowings Repayment of interest-bearing borrowings Dividend paid to non-controlling interests Net cash used from / (in) financing activities Net cash used from / (in) investing activities

CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property, plant and equipment, excluding capitalized borrowing costs

- 194,753

- 247,590 26,704 - 23,250 - 75,409 291,464

[16]

Proceeds from disposals of property, plant and equipment Investment in business combinations, net of cash acquired Investment in and issued loans to joint ventures and / or associates

21,536

-

[5]

- 3,228

[17 / 18]

Disposal of (a part of) group companies, net of cash disposed, and joint ventures Repayment of loans or share premium by joint ventures and / or associates

-

[5]

1,211

280

[17]

- 175,234

- 27,801

154,000

-

[24] [24] [23]

- 287

- 100,245 - 46,820 - 23,818 - 66,999

- 16,633

-

[27.2]

- 36,289 - 1,851 98,940

[23]

-

- 237,882

160,197

62,423

NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS

Net cash and cash equivalents as at 1 January

151,154

307,877

[22]

Net increase / (decrease) in cash and cash equivalents

160,197

62,423

- 3,474

- 501

156,723 307,877

61,922 369,799

MOVEMENT IN NET CASH AND CASH EQUIVALENTS

[22]

NET CASH AND CASH EQUIVALENTS AS AT 31 DECEMBER

*) Excluding the application of IFRS 16 and IFRIC 23. Reference is made to note 2 under ´Compliance with International Financial Reporting Standards’.

The notes on pages 83 to 135 are an integral part of these Consolidated Financial Statements.