Consolidated statement of cash flows

Profit for the year

Changes in working capital

Use of provisions

Use of provisions for additional voluntary contributions (pension plans)

Dividends received from associates and joint ventures

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

Cash flow from operating activities

Acquisition (–) of subsidiaries

Acquisition (–) of investments – Other

Loans to associates and non-consolidated companies

Sale (+) of subsidiaries and investments

Acquisition (–) of property, plant and equipment

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

Acquisition (–) of intangible assets

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

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

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

Changes in non-current financial assets

Cash flow from investing activities

Proceeds from perpetual hybrid bonds issuance

Redemption of perpetual hybrid bonds

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

Increase in borrowings

Repayment of borrowings

Changes in other current financial assets

Payment of lease liabilities

Net interests paid

Coupons paid on perpetual hybrid bonds

Dividends paid

Other

Cash flow from financing activities

of which increase/decrease of borrowings related to environmental remediation

Currency translation differences

Opening cash balance