The amounts below include both continued and discontinued operations.

In € million

 

Notes

 

2018

 

2017

Profit for the year

 

 

 

897

 

1,116

Adjustments to profit for the year

 

 

 

 

 

 

Depreciation, amortization and impairments

 

(F12)

 

944

 

1,152

Earnings from associates and joint ventures

 

(F25)

 

(44)

 

(44)

Other non operating and non cash items

 

(F13)

 

(12)

 

(179)

Additions and reversals of provisions

 

(F16)

 

315

 

216

Net financial charges

 

 

 

198

 

302

Income tax expense/income

 

(F14)

 

175

 

(131)

Changes in working capital

 

(F15)

 

(148)

 

(216)

Use of provisions

 

(F16)

 

(395)

 

(408)

Dividends received from associates and joint ventures

 

(F25)

 

25

 

18

Income taxes paid (including income taxes paid on sale of investments)

 

(F14)

 

(235)

 

(237)

Cash flow from operating activities

 

 

 

1,720

 

1,590

of which cash flow related to acquisition or sale of subsidiaries and excluded from Free Cash Flow

 

 

 

 

 

(36)

Acquisition (–) of subsidiaries

 

(F17)

 

(12)

 

(44)

Acquisition (–) of investments – Other

 

(F17)

 

(4)

 

(11)

Loans to associates and non-consolidated companies

 

 

 

(3)

 

(7)

Sale (+) of subsidiaries and investments

 

(F17)

 

26

 

891

Acquisition (–) of property, plant and equipment

 

(F17)

 

(691)

 

(707)

of which capital expenditures required by share sale agreement and excluded from Free Cash Flow

 

 

 

(38)

 

(12)

Acquisition (–) of intangible assets

 

(F17)

 

(142)

 

(115)

Sale (+) of property, plant and equipment and intangible assets

 

(F17)

 

42

 

75

of which cash flow related to the sale of real estate in the context of restructuring/dismantling/remediation

 

 

 

9

 

12

Dividends from equity instruments measured at fair value through other comprehensive income

 

 

 

 

 

2

Changes in non-current financial assets

 

 

 

 

 

(1)

Cash flow from investing activities

 

 

 

(784)

 

84

Proceeds from perpetual hybrid bond issuance

 

(F31)

 

298

 

 

Acquisition (–)/sale (+) of treasury shares

 

(F33)

 

(22)

 

(14)

Increase in borrowings

 

(F36)

 

2,444

 

1,692

Repayment of borrowings

 

(F36)

 

(2,993)

 

(2,584)

Changes in other current financial assets

 

(F36)

 

(25)

 

(27)

Interests paid

 

 

 

(114)

 

(255)

Coupons paid on perpetual hybrid bonds

 

(F31)

 

(111)

 

(111)

Dividends paid

 

 

 

(411)

 

(396)

Other

 

(F18)

 

123

 

13

Cash flow from financing activities

 

 

 

(811)

 

(1,684)

Net change in cash and cash equivalents

 

 

 

126

 

(10)

Currency translation differences

 

 

 

(14)

 

(52)

Opening cash balance

 

 

 

992

 

1,054

Closing cash balance

 

(F36)

 

1,103

 

992