Consolidated Statement of Cash Flows

2021

2020

Notes

€ million

€ million

Operating activities

Earnings before taxes (EBT)

505.3

162.3

Adjustments for:

Depreciation and impairment

9, 10, 11

305.8

293.8

Non-realized currency gains/losses, net

-29.6

26.3

Financial income

21

-29.9

-35.4

Financial expenses

21

72.6

78.4

Changes from the sale of fixed assets

5.1

2.4

Changes to pension provisions

15

-3.7

-1.0

Other non-cash effected expenses/income

-4.5

-4.0

Gross cash flow

26

821.2

522.8

Changes in receivables and other current assets

5, 6, 7

-283.2

-50.0

Changes in inventories

4

-304.3

-109.7

Changes in trade payables and other current liabilities

13

373.2

147.7

Net cash from operational business activities

606.9

510.8

Income taxes paid

22

-146.9

-89.3

Net cash from operating activities

26

460.1

421.5

2021

2020

Notes

€ million

€ million

Investing activities

Purchase of property and equipment

9, 11

-202.4

-151.0

Proceeds from sale of property and equipment

18.3

1.6

Payment for other assets

12

-11.6

-4.5

Interest received

21

11.9

8.4

Net cash used in investing activities

-183.8

-145.5

Financing activities

Repayment of lease liabilities

10

-160.9

-135.0

Repayment of current financial liabilities

13

-53.4

0.0

Raising of current financial liabilities

13

0.0

112.5

Repayment of non-current financial liabilities

13

-68.5

-18.3

Raising of non-current financial liabilities

13

235.0

0.0

Dividend payments to equity holders of the parent

17

-23.9

0.0

Dividend payments to non-controlling interests

17, 29

-47.8

-45.6

Interest paid

21

-44.4

-43.0

Net Cash used in financing activities

26

-164.0

-129.2

Exchange rate-related changes in cash and cash equivalents

-10.5

-8.9

Change in cash and cash equivalents

101.7

137.8

Cash and cash equivalents at beginning of the financial year

655.9

518.1

Cash and cash equivalents at end of the financial year

3, 26

757.5

655.9