voestalpine AG Report for the 1st Half 2020/21 - Statement of cash flows (optimized for printing)

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1 Cash flows from operating activities include interest received of EUR 6.3 million (04/01–09/30/2019: EUR 4.1 million), interest paid of EUR 52.9 million (04/01–09/30/2019: EUR 46.4 million), taxes paid of EUR 22.6 million (04/01–09/30/2019: EUR 78.4 million), and dividend income of EUR 4.9 million (04/01–09/30/2019: EUR 5.9 million).		In millions of euros
	04/01– 09/30/2019	04/01–09/30/2020

Operating activities
Profit after tax	115.2	–275.8
Non-cash expenses and income	422.8	638.1
Change in inventories	–146.4	226.0
Change in receivables and liabilities	–83.8	–0.6
Change in provisions	–105.8	–24.9
Changes in working capital	–336.0	200.5
Cash flows from operating activities¹	202.0	562.8

Investing activities
Additions to other intangible assets, property, plant and equipment	–387.0	–290.3
Income from disposals of assets	2.1	8.3
Cash flows from the loss of control of subsidiaries	0.0	0.2
Additions to/divestments of other financial assets	–264.6	–5.5
Cash flows from investing activities	–649.5	–287.3

Financing activities
Dividends paid	–196.3	–35.7
Dividends paid, non-controlling interests	–18.5	–14.3
Capital increase, non-controlling interests	0.0	0.8
Acquisition of non-controlling interests	–3.2	0.0
Increase in non-current financial liabilities	555.2	156.9
Repayment of non-current financial liabilities	–487.5	–52.3
Repayment of lease liabilities	–34.4	–23.3
Change in current financial liabilities and other financial liabilities	460.8	–32.8
Cash flows from financing activities	276.1	–0.7

Net decrease/increase in cash and cash equivalents	–171.4	274.8
Cash and cash equivalents, beginning of reporting period	485.9	794.7
Net exchange differences	–2.0	–9.5
Cash and cash equivalents, end of reporting period	312.5	1,060.0

Consolidated statement of cash flows