Cash Flow Statement

for the Financial Year from 1 January to 31 December 2017
in million €20172016
Results from continuing operations341.8492.3
Financial result16.6-28.8
Income tax expense133.0396.1
Depreciation/amortisation and retroactive capitalisations on intangible assets, property, plant and equipment and financial assets1,102.51,153.5
Decrease/increase in provisions-92.8107.1
Losses/gains on the disposal of intangible assets, property, plant and equipment and financial assets8.1-6.0
Other non-cash expenses-11.4-105.0
Increase in inventories, trade receivables and other assets not attributable to investing or financing activities-211.2-125.0
Increase in trade payables and other liabilities not attributable to investing or financing activities204.3159.8
Income taxes paid-184.8-364.2
Dividends received41.037.7
Sub-total1,347.11,717.5
Interest received16.393.7
Interest paid-63.2-75.8
Cash flows from operating activities, continuing operations1,300.21,735.4
Cash flows from operating activities, discontinued operations-10.2-22.1
Proceeds from disposals of intangible assets, property, plant and equipment and investment properties 78.894.0
Proceeds from disposals of financial assets and companies accounted for using the equity method359.0345.0
Purchase of intangible assets, property, plant and equipment and investment properties-1,856.3-1,578.9
Purchase of financial assets and companies accounted for using the equity method-429.0-267.6
Excess proceeds from business combinations and the acquisition of shares in consolidated companies0.818.2
Payments for business combinations and the acquisition of shares in consolidated companies-56.8-121.4
Cash flows from investing activities, continuing operations-1,903.5-1,510.7
Cash flows from investing activities, discontinued operations73.8107.8
Paid dividends and other interests-8.4-14.7
Payments from changes in non-controlling interests-6.0-9.5
Cash proceeds from borrowings825.6249.5
Cash repayments of borrowings-144.6-528.0
Cash payments of finance lease liabilities-46.9-36.3
Cash flows from financing activities, continuing operations619.7-339.0
Cash flows from financing activities, discontinued operations-0.1-0.2
Net change in cash funds79.9-28.8
Currency translation differences-4.1-1.9
Total change in cash funds75.8-30.7
Cash funds at the beginning of the year575.8606.5
Cash funds at the end of the year651.6575.8
Cash funds at the end of the year, discontinued operations0.02.0
Cash funds at the beginning of the year, continuing operations651.6573.8