Investor Presentaiton

67 A.P. Moller-Maersk Annual Report 2020 Financials Consolidated financial statements Notes index Consolidated cash flow statement Note 2020 2019 Profit/loss before financial items 4,186 1,725 6,7,8,10 Depreciation, amortisation and impairment losses, net 4,541 4,287 3 Gain on sale of non-current assets, etc., net -202 -71 Share of profit/loss in joint ventures -122 -93 20 20 Share of profit/loss in associated companies Change in working capital -177 -136 -239 476 20 Change in provisions and pension obligations, etc. Other non-cash items 158 70 107 162 Cash flow from operating activities before tax Taxes paid 8,252 6,420 -424 -501 Cash flow from operating activities 7,828 5,919 20 Purchase of intangible assets and property, plant and equipment -1,322 -2,035 Sale of intangible assets and property, plant and equipment 435 186 22 21 Acquisition of subsidiaries and activities -425 -44 21 Sale of subsidiaries and activities 36 -40 Sale of associated companies -12 46 Dividends received 177 297 13 Sale of other equity investments Other financial investments, net Purchase/sale of securities, trading portfolio Cash flow used for investing activities Repayment of borrowings Repayments of lease liabilities Proceeds from borrowings 5 2,617 81 -152 1 -1 -1,024 874 -3,163 -2,533 -1,710 -1,291 1,303 1,077 Financial income received 92 91 Financial expenses paid -384 -350 4 Financial expenses paid on lease liabilities -468 -477 Purchase of own shares -806 -791 Sale of own shares 30 Dividends distributed -430 -469 Dividends distributed to non-controlling interests -92 -70 Sale of non-controlling interests Acquisition of non-controlling interest -14 -1 Other equity transactions 24 14 Cash flow from financing activities -5,618 -4,800 Net cash flow from continuing operations 1,186 1,993 10 Net cash flow from discontinued operations -372 Net cash flow for the period 1,186 1,621 Cash and cash equivalents 1 January 4,758 3,149 Currency translation effect on cash and cash equivalents -80 -12 Cash and cash equivalents 31 December 5,864 4,758 Of which classified as assets held for sale -19 Cash and cash equivalents 31 December 5,845 4,758 Cash and cash equivalents Cash and bank balances Overdrafts Cash and cash equivalents 31 December 5,865 20 4,768 5,845 10 4,758 Cash and bank balances include USD 1.0bn (USD 0.9bn) relating to cash and bank balances in countries with exchange control or other restrictions. These funds are not readily available for general use by the parent com- pany or other subsidiaries. Amounts in USD million =

View entire presentation