Consolidated Statement of Cash Flows for 2020
In EUR mn |
|
|
|
|
Note |
2020 |
2019 |
---|---|---|---|
Net income for the year |
|
1,478 |
2,147 |
Depreciation, amortization, impairments and write ups |
3,197 |
2,395 |
|
Deferred taxes |
(846) |
100 |
|
Current taxes |
244 |
1,207 |
|
Income taxes paid |
|
(402) |
(1,263) |
Tax refunds |
|
45 |
5 |
Losses/(gains) from disposal of non-current assets and businesses |
(12) |
(7) |
|
Income from equity-accounted investments and other dividend income |
(57) |
(391) |
|
Dividends received from equity-accounted investments and other companies |
|
228 |
354 |
Interest expense |
168 |
170 |
|
Interest paid |
|
(164) |
(160) |
Interest income |
(160) |
(145) |
|
Interest received |
|
53 |
63 |
Increase/(decrease) in personnel provisions |
(60) |
(59) |
|
Increase/(decrease) in provisions |
21 |
35 |
|
Other changes |
(948) |
(187) |
|
Sources of funds |
|
2,786 |
4,264 |
Decrease/(increase) in inventories |
288 |
(260) |
|
Decrease/(increase) in receivables |
145 |
372 |
|
Increase/(decrease) in liabilities |
(82) |
(320) |
|
Changes in net working capital components |
|
351 |
(208) |
Cash flow from operating activities |
|
3,137 |
4,056 |
Investments |
|
|
|
Intangible assets and property, plant and equipment |
(1,960) |
(2,158) |
|
Investments, loans and other financial assets |
(194) |
(2,265) |
|
Acquisitions of subsidiaries and businesses net of cash acquired |
(3,880) |
(460) |
|
Disposals |
|
|
|
Proceeds in relation to non-current assets |
|
72 |
209 |
Proceeds from the sale of subsidiaries and businesses, net of cash disposed |
|
15 |
36 |
Cash flow from investing activities |
|
(5,948) |
(4,638) |
Increase in long-term borrowings |
3,338 |
1,376 |
|
Repayments of long-term borrowings |
(797) |
(980) |
|
Increase/(decrease) in short-term borrowings |
(96) |
(22) |
|
Dividends paid to OMV equity holders (incl. hybrid coupons) |
(673) |
(673) |
|
Dividends paid to non-controlling interests |
(206) |
(186) |
|
Increase hybrid bond |
1,241 |
— |
|
Cash flow from financing activities |
|
2,808 |
(484) |
Effect of foreign exchange rate changes on cash and cash equivalents |
|
(66) |
(22) |
Net increase/(decrease) in cash and cash equivalents |
|
(69) |
(1,088) |
Cash and cash equivalents at beginning of year |
2,938 |
4,026 |
|
Cash and cash equivalents at end of year |
2,869 |
2,938 |
|
Thereof cash disclosed within Assets held for sale |
|
15 |
7 |
Cash and cash equivalents presented in the consolidated statement of financial position |
2,854 |
2,931 |