Global Leader in Hydro Power and Aluminium
En+ Group Statement of Cash Flows
Statement of cash flows
USD mn
OPERATING ACTIVITIES
Profit for the year
Adjustments for:
Depreciation and amortization
Year ended
31-Dec-2018
31-Dec-2019
1,304
1,862
Statement of cash flows (cont'd)
USD mn
INVESTING ACTIVITIES
Proceeds from disposal of property, plant and equipment
Acquisition of property, plant and equipment
Ent
GROUP
Year ended
31-Dec-2019
31-Dec-2018
46
23
(1,024)
(982)
Acquisition of intangible assets
(37)
(22)
806
752
Other investments
(77)
(345)
Return of prepayment for investment in associate
44
Impairment of non-current assets
321
244
Interest received
62
39
Net foreign exchange loss
114
253
Dividends from associates and joint ventures
1,141
909
Loss on disposal of property, plant and equipment
24
11
Dividends from financial assets
5
4
Share of profits of associates and joint ventures
(1,669)
(948)
Proceeds from disposal of financial assets
15
1
Contribution to joint venture
(78)
Interest expense
1,000
917
Acquisition of subsidiaries
(35)
(53)
Interest income
Income tax expense
Dividend income
(82)
(44)
Changes in restricted cash
30
(26)
276
406
Cash flows used in investing activities
92
(452)
(1)
(1)
FINANCING ACTIVITIES
Proceeds from borrowings
5,872
4,431
Reversal of impairment of inventories
(18)
(22)
Repayment of borrowings
(6,366)
(4,445)
Impairment of trade and other receivables
2
65
Acquisition of non-controlling interests
(5)
(103)
Provision for legal claims
22
5
Interest paid
(1,021)
(881)
Change in fair value of derivative financial instruments
21
(171)
Restructuring fees and other payments related to issuance of shares
(42)
(19)
Operating profit before changes in working capital
2,120
3,329
Settlement of derivative financial instruments
(26)
125
Dividends to shareholders
(68)
Decrease/(increase) in inventories
535
(468)
Cash flows used in financing activities
(1,588)
(960)
Increase in trade and other receivables
(238)
(201)
Net change in cash and cash equivalents
1,065
296
Increase/(decrease) in trade and other payables
588
(701)
Cash flows generated from operations before income tax
3,005
1,959
Cash and cash equivalents at beginning of period, excl. restricted cash
Effect of exchange rate fluctuations on cash and cash equivalents
1,140
957
60
(113)
Income taxes paid
(444)
(251)
Cash and cash equivalents at end of the period, excl. restricted cash
2,265
1,140
Cash flows generated from operating activities
2,561
1,708
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