For the consolidated cash flow statement, the following items have been included in net cash and cash equivalents:
|
€ Million |
2025 |
2024 |
|
Cash at bank and cash balances |
67 |
46 |
|
Money market funds |
160 |
0 |
|
Total |
227 |
46 |
The main items in the cash flow statement are specified below.
Changes in net working capital can be specified as follows:
|
€ Million |
2025 |
2024 |
|
Corporate income tax expense recognised in the income statement |
139 |
44 |
|
Corporate income tax paid or received |
-132 |
-37 |
|
Interest income and expense recognised in the income statement |
70 |
46 |
|
Interest received and paid |
-58 |
-42 |
|
Working capital before tax and interest |
20 |
41 |
|
Total |
39 |
52 |
Specification of net working capital:
|
€ Million |
2025 |
2024 |
Delta |
|
Inventories |
252 |
168 |
-84 |
|
Receivables |
310 |
296 |
-14 |
|
Subtotal |
562 |
464 |
-98 |
|
Trade and other payables |
-645 |
-518 |
127 |
|
Corporate income tax |
18 |
25 |
7 |
|
(Current) provisions |
-15 |
-12 |
3 |
|
Subtotal |
-642 |
-505 |
137 |
|
Total |
-80 |
-41 |
39 |
Changes in net interest-bearing liabilities in 2025 can be specified as follows:
|
Other assets |
Liabilities from financing activities |
||||
|
€ Million |
Cash and cash equivalents |
Deposits |
Non-current interest-bearing liabilities |
Current interest-bearing liabilities |
Total 2025 |
|
At 1 January |
46 |
0 |
-3,562 |
-81 |
-3,597 |
|
Cash flows |
181 |
249 |
-1,489 |
87 |
-972 |
|
Reclassification from non-current to current |
0 |
0 |
537 |
-537 |
0 |
|
Other non-cash movements |
0 |
1 |
-53 |
-6 |
-58 |
|
At 31 December |
227 |
250 |
-4,567 |
-537 |
-4,627 |
Changes in net interest-bearing liabilities in 2024 amounted to:
|
Other assets |
Liabilities from financing activities |
|||
|
€ Million |
Cash and cash equivalents |
Non-current interest-bearing liabilities |
Current interest-bearing liabilities |
Total 2024 |
|
At 1 January |
127 |
-3,050 |
-25 |
-2,948 |
|
Cash flows |
-81 |
-494 |
-17 |
-592 |
|
Reclassification from non-current to current |
0 |
31 |
-31 |
0 |
|
Changes in other non-cash generating units |
0 |
-49 |
-8 |
-57 |
|
At 31 December |
46 |
-3,562 |
-81 |
-3,597 |