25. Consolidated statement of cash flows

      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.

      Non-cash expenses and income, deposits and disbursements not recognized in income statement

       

       

      2019/20

       

      2020/21

       

       

       

       

       

      Depreciation, amortization, impairment / reversal

       

      1,278.8

       

      1,011.0

      Result from the sale of assets

       

      –15.9

       

      –2.9

      Changes in pensions and other employee obligations, non-current provisions, and deferred taxes

       

      –181.0

       

      –106.9

      Other non-cash expenses and income, deposits and disbursements not recognized in income statement

       

      4.7

       

      67.3

       

       

      1,086.6

       

      968.5

       

       

       

       

       

      In millions of euros

      Cash flows from investing activities include inflows of cash and cash equivalents from acquisitions in the amount of EUR 0.9 million (2019/20: EUR 2.3 million) and outflows of acquisition costs in the amount of EUR 2.9 million (2019/20: EUR 13.4 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 0.6 million (2019/20: EUR 0.2 million). The sale of a subsidiary in the previous year resulted in an inflow of the sale price in the amount of EUR 0.5 million (2019/20: EUR 0.0 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 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

       

      –45.5

       

      15.7

       

      369.1

      Current lease liabilities

       

      51.3

       

      0.0

       

      0.0

       

      –52.6

       

      –1.4

       

      0.0

       

      –0.7

       

      45.5

       

      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

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      Financial liabilities 2020/21

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      Non-current financial liabilities

       

      3,520.7

       

      154.7

       

      –451.0

       

      0.0

       

      –1.6

       

      1.0

       

      –50.6

       

      –672.2

       

      4.1

       

      2,505.1

      Current financial liabilities

       

      709.9

       

      0.0

       

      –152.7

       

      0.0

       

      –49.8

       

      5.0

       

      –8.0

       

      672.2

       

      0.0

       

      1,176.6

      Non-current lease liabilities

       

      369.1

       

      0.0

       

      0.0

       

      –1.8

       

      0.1

       

      0.0

       

      –1.4

       

      –44.2

       

      19.3

       

      341.1

      Current lease liabilities

       

      44.1

       

      0.0

       

      0.0

       

      –43.7

       

      –0.4

       

      0.0

       

      –0.4

       

      44.2

       

      0.3

       

      44.1

      Total financial liabilities

       

      4,643.8

       

      154.7

       

      –603.7

       

      –45.5

       

      –51.7

       

      6.0

       

      –60.4

       

      0.0

       

      23.7

       

      4,066.9

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      In millions of euros

      The additions to assets due to finance lease activities contain non-cash investments in the amount of EUR 29.1 million (2019/20: EUR 32.8 million).

      Acquisition
      Takeover or purchase of companies or of interests in companies.