Skip to website navigation Skip to article navigation Skip to content

Consolidated statement of cash flows

Millions of euros

Note

2020

2019

Cash flow from operating activities

   

Operating result

 

104.1

61.3

Adjusted for:

   

● Depreciation/amortization of (in)tangible fixed assets

6

60.3

61.5

● Impairment of fixed assets

10/12

1.3

41.5

● Result from divestments of fixed assets

 

0.1

0.2

● Result remeasurement of the sales price of the subsidiary Total Corbion PLA (Thailand) Limited to the joint venture Total Corbion PLA bv

3

-12.9

 

● Result from past-service gain due to change in indexation CSM UK pension scheme

21

 

-8.0

● Reversal contingent liability

3

 

-14.8

● Share-based remuneration

 

3.9

4.0

Total adjustments to reconcile operating result with net cash generated by (used for) operating activities

 

52.7

84.4

Cash flow from operating activities before movements in working capital and provisions

 

156.8

145.7

Movement in provisions

 

-1.1

-8.5

Movements in operating working capital:

   

● Trade receivables

 

-10.7

-2.6

● Inventories

 

-17.2

-3.5

● Trade payables

 

13.5

4.9

Movements in other working capital

 

-12.1

-8.1

Cash flow from business operations

 

129.2

127.9

Interest received

 

1.3

0.5

Interest paid

 

-10.8

-10.0

Tax paid on profit

 

-10.7

-4.0

Cash flow from operating activities

 

109.0

114.4

    

Cash flow from investment activities

   

Acquisition of group companies

26

 

-28.5

Investment joint ventures and associates

  

-0.9

Dividends received from joint ventures and associates

 

4.4

1.3

Investment other financial assets

 

-0.1

-6.2

Repayment other financial assets

 

7.6

5.7

Capital expenditure on (in)tangible fixed assets

 

-88.9

-76.2

Divestment of (in)tangible fixed assets

 

0.1

 

Cash flow from investment activities

 

-76.9

-104.8

    

Cash flow from financing activities

   

Proceeds from interest-bearing debts

 

145.7

40.0

Repayment of interest-bearing debts

 

-125.9

-9.6

Payment of lease liabilities

 

-10.7

-9.5

Paid-out dividend

 

-33.0

-32.9

Cash flow from financing activities

 

-23.9

-12.0

Net cash flow

 

8.2

-2.4

Effects of exchange rate differences on cash and cash equivalents

 

-2.3

1.0

Increase/(decrease) cash and cash equivalents

 

5.9

-1.4

Cash and cash equivalents at start of financial year

 

45.7

47.1

Cash and cash equivalents at close of financial year

17

51.6

45.7