Boskalis Annual Report 2020

84 84

CONSOLIDATED STATEMENT OF CASH FLOWS

2019

2020

Note

(in thousands of EUR)

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

74,899

- 96,679

[10/15/16/ 27.1]

Depreciation, amortization and impairment charges

265,115 340,014

421,962 325,283

Cash flow

Adjustments for: Finance income and expenses

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

14,888 26,216 - 8,546

[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]

- 27,121 11,356 178,164 77,638 107,918

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

7,877

[17]

Gain on acquisitions

-

- 7,569 706,104

[5]

Cash generated from operating activities

366,838

Dividends received Interest received

10,191

20,446

[17] [11]

995

369

Interest paid

- 12,625 - 37,293 328,106

- 11,970 - 16,893 698,056

Income tax paid

ANNUAL REPORT 2020 – BOSKALIS FINANCIAL STATEMENTS 2020 A NUAL REPORT 2020 -- BOSKALIS FI ANCIAL STATEMENTS 2 20 Net cash from operating activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from interest-bearing borrowings Repayment of interest-bearing borrowings Purchase of own shares Payment of lease liabilities Dividend paid to shareholders Currency translation differences

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

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

- 225,624 17,355 - 43,183

[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

[5]

- -

[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]

280

1,192

[17/18]

Net cash used from / (in) investing activities

- 27,801

- 250,260

-

508,411 - 453,648 - 5,435 - 29,403 - 27,977

[24] [24] [24] [23]

- 100,245

Transaction costs paid related to new finance agreement

-

- 46,820 - 23,818 - 66,999 - 237,882

[27.2]

-

[23]

Net cash used from / (in) financing activities

- 8,052

62,423

439,744

NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS

Net cash and cash equivalents as at 1 January

307,877

369,799

[22]

Net increase / (decrease) in cash and cash equivalents

62,423

439,744

- 501

5,449

61,922 369,799

445,193 814,992

MOVEMENT IN NET CASH AND CASH EQUIVALENTS

[22]

NET CASH AND CASH EQUIVALENTS AS AT 31 DECEMBER

The notes on pages 87 to 141 are an integral part of these Consolidated Financial Statements.