|
€ Million |
Notes |
2024 |
2023 |
|
Profit for the year |
254 |
199 |
|
|
Adjustments for: |
|||
|
Depreciation and decommissioning |
5 |
509 |
468 |
|
Amortised contributions for installation of grids and connections |
24 |
-38 |
-34 |
|
Received contributions for installation of grids and connections |
24 |
107 |
126 |
|
Change in deferred corporate income tax |
25 |
42 |
47 |
|
Change in non-current provisions |
23 |
1 |
-7 |
|
Financial income |
9 |
-6 |
-19 |
|
Financial expenses |
9 |
52 |
40 |
|
Corporate income tax expense recognised through profit or loss |
11 |
44 |
-32 |
|
Profit on sale of Fudura B.V. |
29 |
41 |
-9 |
|
Change in operational working capital excluding tax and interest |
12 |
-10 |
0 |
|
Other |
3 |
3 |
|
|
Interest received |
29 |
1 |
14 |
|
Interest paid |
29 |
-43 |
-31 |
|
Corporate income tax paid or received |
29 |
-37 |
-11 |
|
Cash flow from operating activities |
920 |
627 |
|
|
Investments in property, plant and equipment |
12 |
-1,433 |
-1,098 |
|
Investments in intangible assets |
13 |
-54 |
-45 |
|
Cash flow from investing in (in)tangible fixed assets |
-1,487 |
-1,143 |
|
|
Cash flow from operating activities and investing in (in)tangible fixed assets |
-567 |
-516 |
|
|
Net proceeds from sale of assets |
12 |
11 |
0 |
|
Loans granted |
15 |
-6 |
-3 |
|
Repayment of loans granted |
15 |
6 |
8 |
|
Increase in deposits1 |
0 |
-500 |
|
|
Decrease in deposits1 |
0 |
1,150 |
|
|
Cash flow from other investing activities |
11 |
655 |
|
|
Cash flow from investing activities |
-1,476 |
-488 |
|
|
Cash flow before financing activities |
-556 |
139 |
|
|
Green bond issue |
22 en 28 |
494 |
498 |
|
Increase in interest-bearing liabilities2 |
22 en 28 |
960 |
0 |
|
Repayment of interest-bearing liabilities2 |
22 en 28 |
-910 |
-502 |
|
Repayment of lease liability |
22 en 28 |
-33 |
-32 |
|
Dividend paid |
31 |
-36 |
-193 |
|
Cash flow from financing activities |
475 |
-229 |
|
|
Total cash flows |
-81 |
-90 |
|
|
Cash and cash equivalents at the beginning of the financial year |
29 |
127 |
217 |
|
Cash and cash equivalents at the end of the financial year |
29 |
46 |
127 |
1In 2023 and 2024, besides deposits in and withdrawals from deposits, excess liquidity was placed in money markets funds. Liquidities placed in money market funds do not qualify as cash or cash equivalents and are not shown at this line. At 31 December 2024 liquidity placed in money market funds was nil.
2Concerns drawdowns and repayments on Euro Commercial Papers, bilateral cash loans and notes.