Year ended at 31 December | Notes | 2019 | 2020 |
|---|---|---|---|
Revenue from contracts with customers | 2,829 | 3,239 | |
Other operating revenue | 15 | 16 | |
Total operating revenue | 2,844 | 3,255 | |
Other income | 12 | 66 | |
Cost of materials | (67) | (63) | |
Work contracted out and other external expenses | (1,330) | (1,524) | |
Salaries, pensions and social security contributions | (1,059) | (1,159) | |
Depreciation, amortisation and impairments | (180) | (164) | |
Other operating expenses | (101) | (119) | |
Total operating expenses | (2,737) | (3,028) | |
Operating income | 119 | 293 | |
Interest and similar income | 3 | 2 | |
Interest and similar expenses | (19) | (18) | |
Net financial income/(expense) | (16) | (16) | |
Results from investments in JVs/associates | 0 | 0 | |
Profit/(loss) before income taxes | 103 | 277 | |
Income taxes | (31) | (68) | |
Profit/(loss) from continuing operations | 72 | 209 | |
Profit/(loss) from discontinued operations | (68) | 4 | |
Profit for the year | 4 | 213 | |
Attributable to: | |||
Non-controlling interests | 0 | (0) | |
Equity holders of the parent | 4 | 213 |
2019 | 2020 | ||
|---|---|---|---|
Earnings per ordinary share1 | 2.2.3 | 0.8 | 43.0 |
Earnings per diluted ordinary share2 | 2.2.3 | 0.8 | 43.0 |
Earnings from continuing operations per ordinary share1 | 14.9 | 42.3 | |
Earnings from continuing operations per diluted ordinary share2 | 14.9 | 42.2 | |
Earnings from discontinued operations per ordinary share1 | (14.1) | 0.7 | |
Earnings from discontinued operations per diluted ordinary share2 | (14.1) | 0.7 |
Year ended at 31 December | Notes | 2019 | 2020 |
|---|---|---|---|
Profit for the year | 4 | 213 | |
Actuarial gains/(losses) pensions, net of tax | 60 | (21) | |
Pension asset ceiling/minimum funding requirement, net of tax | (65) | 46 | |
Impact tax rate change related to OCI pensions | 3 | 0 | |
Change in value of financial assets at fair value through OCI | 3 | (0) | |
Other comprehensive income that will not be reclassified to the income statement | 1 | 25 | |
Currency translation adjustment, net of tax | 0 | (1) | |
Gains/(losses) on cashflow hedges, net of tax | (2) | (0) | |
Other comprehensive income that may be reclassified to the income statement | (2) | (1) | |
Total other comprehensive income for the year | (1) | 24 | |
Total comprehensive income for the year | 3 | 237 | |
Attributable to: | |||
Non-controlling interests | 0 | (0) | |
Equity holders of the parent | 3 | 237 |
Year ended at 31 December | Notes | 2019 | 2020 |
|---|---|---|---|
Profit/(loss) before income taxes | 103 | 277 | |
Adjustments for: | |||
Depreciation, amortisation and impairments | 180 | 164 | |
Share-based payments | 1 | 3 | |
(Profit)/loss on disposal of assets | (7) | (63) | |
(Profit)/loss on sale of Group companies | (5) | (3) | |
Interest and similar income | (3) | (2) | |
Interest and similar expenses | 19 | 18 | |
Results from investments in JVs/associates | 0 | (0) | |
Investment income | 4 | (50) | |
Pension liabilities | (25) | (166) | |
Other provisions | 30 | (29) | |
Changes in provisions | 5 | (195) | |
Inventory | 0 | 1 | |
Trade accounts receivable | 55 | (78) | |
Other accounts receivable | (19) | 20 | |
Other current assets | (18) | (4) | |
Trade accounts payable | 20 | (54) | |
Other current liabilities excluding short-term financing and taxes | (73) | 123 | |
Changes in working capital | (35) | 9 | |
Cash generated from operations | 258 | 208 | |
Interest paid | (14) | (15) | |
Income taxes paid | (34) | (12) | |
Net cash (used in)/from operating activities | 210 | 181 | |
Interest received | 3 | 2 | |
Acquisition of subsidiaries (net of cash) | (65) | 0 | |
Disposal of subsidiaries | 3 | 13 | |
Investments in JVs/associates | (1) | (1) | |
Disposal of JVs/associates | 1 | 0 | |
Capital expenditure on intangible assets | (32) | (37) | |
Capital expenditure on property, plant and equipment | (34) | (40) | |
Proceeds from sale of property, plant and equipment | 14 | 158 | |
Changes in other loans receivable | 0 | (9) | |
Other changes in (financial) fixed assets | 5 | (0) | |
Net cash (used in)/from investing activities | (106) | 85 | |
Dividends paid | (71) | 0 | |
Changes related to non-controlling interests | 0 | (1) | |
Proceeds from long-term borrowings | 296 | 0 | |
Proceeds from short-term borrowings | 0 | 1 | |
Repayments of short-term borrowings | (64) | (1) | |
Repayments of leases | (62) | (79) | |
Net cash (used in)/from financing activities | 99 | (80) | |
Total change in cash from continuing operations | 203 | 186 | |
Cash and cash equivalents at the beginning of the year | 269 | 480 | |
Cash transfers relating to discontinued operations | 8 | (15) | |
Total change in cash from continuing operations | 203 | 186 | |
Cash and cash equivalents at the end of the year | 480 | 651 | |
Total change in cash from discontinued operations | (3) | (11) |
Notes | At 31 December | At 31 December | |
|---|---|---|---|
Assets | |||
Goodwill | 224 | 208 | |
Other intangible assets | 140 | 132 | |
Intangible fixed assets | 364 | 339 | |
Land and buildings | 272 | 210 | |
Plant and equipment | 119 | 106 | |
Other equipment | 13 | 10 | |
Construction in progress | 10 | 44 | |
Property, plant and equipment | 414 | 370 | |
Right-of-use assets | 259 | 243 | |
Investments in joint ventures/associates | 3 | 3 | |
Loans receivable | 6 | 27 | |
Deferred tax assets | 65 | 10 | |
Financial assets at fair value through OCI | 15 | 15 | |
Financial fixed assets | 89 | 54 | |
Total non-current assets | 1,126 | 1,007 | |
Inventory | 4 | 3 | |
Trade accounts receivable | 271 | 336 | |
Accounts receivable | 51 | 18 | |
Income tax receivable | 1 | 28 | |
Prepayments and accrued income | 114 | 111 | |
Cash and cash equivalents | 480 | 651 | |
Total current assets | 921 | 1,148 | |
Assets classified as held for sale | 91 | 55 | |
Total assets | 2,138 | 2,210 | |
Equity and liabilities | |||
Equity attributable to the equity holders of the parent | (21) | 219 | |
Non-controlling interests | 3 | 2 | |
Total equity | (18) | 222 | |
Deferred tax liabilities | 0 | 23 | |
Provisions for pension liabilities | 283 | 86 | |
Other provisions | 26 | 30 | |
Long-term debt | 695 | 696 | |
Long-term lease liabilities | 201 | 231 | |
Total non-current liabilities | 1,205 | 1,065 | |
Trade accounts payable | 197 | 141 | |
Other provisions | 53 | 21 | |
Short-term debt | 1 | 12 | |
Short-term lease liabilities | 63 | 63 | |
Other current liabilities | 110 | 145 | |
Income tax payable | 9 | 2 | |
Contract liabilities | 67 | 69 | |
Accrued current liabilities | 351 | 445 | |
Total current liabilities | 851 | 898 | |
Liabilities related to assets classified as held for sale | 100 | 25 | |
Total equity and liabilities | 2,138 | 2,210 |
Issued share capital | Additional paid-in | Other | Retained | Attributable to equity holders of the parent | Non-controlling interests | Total | |
|---|---|---|---|---|---|---|---|
Balance at 1 January 2019 | 38 | 160 | 65 | (217) | 46 | 3 | 49 |
Total comprehensive income | (1) | 4 | 3 | 0 | 3 | ||
Appropriation of net income | (166) | 166 | 0 | 0 | |||
Final dividend previous year | 1 | (1) | (48) | (48) | (48) | ||
Interim dividend current year | 1 | (1) | (23) | (23) | (23) | ||
Share-based compensation | 2 | (1) | 1 | 1 | |||
Balance at 31 December 2019 | 40 | 160 | (103) | (118) | (21) | 3 | (18) |
Total comprehensive income | 24 | 213 | 237 | (0) | 237 | ||
Appropriation of net income | (432) | 432 | 0 | 0 | |||
Share-based compensation | 0 | 1 | 2 | 3 | 3 | ||
Minority buy-out and other | 0 | (1) | (1) | ||||
Balance at 31 December 2020 | 40 | 161 | (508) | 527 | 219 | 2 | 222 |
iOS
Android