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Results

26 – Statement of cash flows

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Cash and cash equivalents

In EUR mn

 

 

 

2022

2021

Cash at banks and on hand

808

997

Short-term deposits

7,316

4,067

Cash and cash equivalents

8,124

5,064

Significant non-cash items

The line “Other changes” of the consolidated statement of cash flows for 2022 included non-cash effects related to the impairment of the Nord Stream 2 loan. Moreover the line contained impacts from the deconsolidation of JSC GAZPROM YRGM Development (YRGM) and OJSC Severneftegazprom (SNGP) as well as the fair value changes related to the investments in YRGM and SNGP and the contractual position towards Gazprom from the redetermination of the reserves of the Yuzhno Russkoye gas field. For further details please refer to Note 2 – Accounting policies, judgements and estimates, section ‘Impact of Russia’s invasion of Ukraine and related significant estimates and assumptions’.

In 2022 non-cash additions to fixed assets included mainly effects from new lease contracts as well as the reassessment of decommissioning and restoration obligations.

Cash flow from investing activities

For details about the cash flow effect from divestments of subsidiaries and businesses, the loss of control of YRGM and the Initial Public Offering of Borouge PLC please refer to Note 3 – Changes in group structure.

Cash flow from financing activities

The line “Repayments of long-term borrowings” comprised the repayment of a bond with a nominal value of EUR 750 mn.

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Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)

In EUR mn

 

 

 

 

 

2022

 

Bonds

Other interest-bearing debts

Lease liabilities

Total

January 1

8,070

1,765

1,191

11,026

 

 

 

 

 

Increase in long-term borrowings

—

0

—

0

Repayments of long-term borrowings

(750)

(114)

(183)

(1,047)

Increase/(decrease) in short-term borrowings

—

(184)

—

(184)

Total cash flows related to financing activities

(750)

(298)

(183)

(1,230)

 

 

 

 

 

Currency translation differences

—

31

2

33

Changes in consolidated group

—

—

(123)

(123)

Difference interest expenses and interest paid

0

(11)

1

(11)

Other changes

—

—

6361

636

Total non-cash changes

0

20

515

535

 

 

 

 

 

December 31

7,320

1,487

1,524

10,331

1

Mainly related to new lease agreements

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Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)

In EUR mn

 

 

 

 

 

2021

 

Bonds

Other interest-bearing debts

Lease liabilities

Total

January 1

8,869

2,130

1,217

12,216

 

 

 

 

 

Increase in long-term borrowings

—

250

—

250

Repayments of long-term borrowings

(1,550)

(563)

(174)

(2,287)

Increase/(decrease) in short-term borrowings

—

61

—

61

Total cash flows related to financing activities

(1,550)

(251)

(174)

(1,975)

 

 

 

 

 

Currency translation differences

—

48

5

53

Changes in consolidated group

—

(148)

(6)

(154)

Reclassification of hybrid bond from equity to financial liabilities

789

—

—

789

Difference interest expenses and interest paid

(4)

(15)

1

(18)

Other changes

—

—

1491

149

Total non-cash changes

784

(114)

149

819

 

 

 

 

 

Coupon payment from hybrid bond before reclassification from equity2

(33)

—

—

(33)

 

 

 

 

 

December 31

8,070

1,765

1,191

11,026

1

Mainly related to new lease agreements

2

Shown in the line "Dividends paid to stockholders of the parent (incl. hybrid coupons)" in the Statement of Cash Flows

The total cash outflow related to lease liabilities amounted to EUR 212 mn (2021: EUR 199 mn).

As of December 31, 2022, the Group had available EUR 5,291 mn of undrawn committed borrowing facilities that can be used for future activities without any restrictions (December 31, 2021: EUR 4,415 mn).

Financing commitments provided to related parties are detailed in Note 35 – Related parties.

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