26 – Statement of cash flows
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.
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 |
||
|
||||||
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 |
||||
|
||||||||
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.