The consolidated statement of cash flows was prepared using the indirect method. Cash and cash equivalents include cash on hand, cash at banks, and checks. The effects of changes in the scope of consolidation were eliminated and reported in the cash flows from investing activities.
|
|
2018/19 |
|
2019/20 |
|---|---|---|---|---|
|
|
|
|
|
Interest received |
|
6.0 |
|
6.1 |
Interest paid |
|
120.7 |
|
129.3 |
Taxes paid |
|
232.2 |
|
137.9 |
|
|
|
|
|
In millions of euros |
||||
Interest received and paid as well as taxes paid are included in the cash flows from operating activities.
Non-cash expenses and income |
||||
|
|
2018/19 |
|
2019/20 |
|---|---|---|---|---|
|
|
|
|
|
Depreciation, amortization, impairment / reversal |
|
771.7 |
|
1,278.8 |
Result from the sale of assets |
|
–4.6 |
|
–15.9 |
Changes in pensions and other employee obligations, non-current provisions, and deferred taxes |
|
124.8 |
|
–181.0 |
Other non-cash income and expenses |
|
–46.8 |
|
4.7 |
|
|
845.1 |
|
1,086.6 |
|
|
|
|
|
In millions of euros |
||||
Cash flows from operating activities include dividend income of EUR 11.9 million (2018/19: EUR 16.5 million) from associates and joint ventures as well as other investments.
Cash flows from investing activities include inflows of cash and cash equivalents from acquisitions in the amount of EUR 2.3 million (2018/19: EUR 6.5 million) and outflows of acquisition costs in the amount of EUR 13.4 million (2018/19: EUR 2.0 million); for details, see chapter D. Acquisitions and other additions to the scope of consolidation. The disposal of subsidiaries resulted in an outflow of cash and cash equivalents from cash flows from investing activities of EUR 0.2 million (2018/19: EUR 0.0 million).
Cash flows from financing activities include dividends for non-controlling interests in the amount of EUR 21.0 million (2018/19: EUR 18.1 million).
The cash flows and non-cash changes in financial liabilities are presented below:
|
|
Balance as of April 1 |
|
Cash flows |
|
Non-cash changes |
|
Balance as of March 31 |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
Increase in non-current financial liabilities |
|
Repayment of non-current financial liabilities (including current maturities of long-term debt) |
|
Repayment of lease liabilities |
|
Change in current financial liabilities and other financial liabilities |
|
Changes in the scope of consolidation |
|
Foreign exchange effects |
|
Reclassifications |
|
Other changes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities 2018/19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current financial liabilities |
|
2,775.0 |
|
789.2 |
|
–315.1 |
|
0.0 |
|
–0.5 |
|
0.0 |
|
40.1 |
|
–636.1 |
|
1.8 |
|
2,654.4 |
Current financial liabilities |
|
1,302.2 |
|
0.0 |
|
–855.5 |
|
0.0 |
|
42.6 |
|
0.8 |
|
4.5 |
|
636.1 |
|
3.7 |
|
1,134.4 |
Non-current lease liabilities |
|
8.6 |
|
0.0 |
|
0.0 |
|
–0.7 |
|
0.5 |
|
0.0 |
|
0.0 |
|
–1.4 |
|
0.4 |
|
7.4 |
Current lease liabilities |
|
13.3 |
|
0.0 |
|
0.0 |
|
–6.8 |
|
0.0 |
|
0.0 |
|
0.0 |
|
1.4 |
|
0.0 |
|
7.9 |
Total financial liabilities |
|
4,099.1 |
|
789.2 |
|
–1,170.6 |
|
–7.5 |
|
42.6 |
|
0.8 |
|
44.6 |
|
0.0 |
|
5.9 |
|
3,804.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities 2019/20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current financial liabilities |
|
2,654.3 |
|
1,157.8 |
|
–150.7 |
|
0.0 |
|
–0.6 |
|
0.0 |
|
16.6 |
|
–159.7 |
|
3.0 |
|
3,520.7 |
Current financial liabilities |
|
1,134.4 |
|
0.0 |
|
–635.7 |
|
0.0 |
|
56.4 |
|
4.3 |
|
–9.2 |
|
159.7 |
|
0.0 |
|
709.9 |
Non-current lease liabilities |
|
400.4 |
|
0.0 |
|
0.0 |
|
–0.9 |
|
1.2 |
|
0.2 |
|
–2.2 |
|
–45.4 |
|
15.7 |
|
369.1 |
Current lease liabilities |
|
51.3 |
|
0.0 |
|
0.0 |
|
–52.6 |
|
–1.4 |
|
0.0 |
|
–0.7 |
|
45.4 |
|
2.1 |
|
44.1 |
Total financial liabilities |
|
4,240.4 |
|
1,157.8 |
|
–786.4 |
|
–53.5 |
|
55.6 |
|
4.5 |
|
4.5 |
|
0.0 |
|
20.8 |
|
4,643.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
In millions of euros |
||||||||||||||||||||
The additions to assets due to finance lease activities contain non-cash investments in the amount of EUR 32.8 million (2018/19: EUR 0.4 million).