Year ended at 31 December | Notes | 2020 restated | 2021 |
|---|---|---|---|
Revenue from contracts with customers | 3,239 | 3,447 | |
Other operating revenue | 16 | 19 | |
Total operating revenue | 3,255 | 3,466 | |
Other income | 66 | 25 | |
Cost of materials | (63) | (69) | |
Work contracted out and other external expenses | (1,519) | (1,708) | |
Salaries, pensions and social security contributions | (1,159) | (1,129) | |
Depreciation, amortisation and impairments | (164) | (149) | |
Other operating expenses | (119) | (113) | |
Total operating expenses | (3,023) | (3,168) | |
Operating income | 298 | 324 | |
Interest and similar income | 2 | 1 | |
Interest and similar expenses | (18) | (22) | |
Net financial income/(expense) | (16) | (21) | |
Results from investments in JVs/associates | 0 | (0) | |
Profit/(loss) before income taxes | 282 | 302 | |
Income taxes | (69) | (74) | |
Profit/(loss) from continuing operations | 213 | 228 | |
Profit/(loss) from discontinued operations | 4 | 29 | |
Profit for the year | 216 | 258 | |
Attributable to: | |||
Non-controlling interests | (0) | 1 | |
Equity holders of the parent | 217 | 257 |
2020 restated | 2021 | ||
|---|---|---|---|
Earnings per ordinary share1 | 2.2.3 | 43.8 | 50.9 |
Earnings per diluted ordinary share2 | 2.2.3 | 43.7 | 50.8 |
Earnings from continuing operations per ordinary share1 | 43.0 | 45.1 | |
Earnings from continuing operations per diluted ordinary share2 | 43.0 | 45.0 | |
Earnings from discontinued operations per ordinary share1 | 0.7 | 5.8 | |
Earnings from discontinued operations per diluted ordinary share2 | 0.7 | 5.8 |
Year ended at 31 December | Notes | 2020 restated | 2021 |
|---|---|---|---|
Profit for the year | 216 | 258 | |
Actuarial gains/(losses) pensions, net of tax | (21) | 606 | |
Pension asset ceiling/minimum funding requirement, net of tax | 46 | (551) | |
Change in value of financial assets at fair value through OCI | (0) | 12 | |
Other comprehensive income that will not be reclassified to the income statement | 25 | 67 | |
Currency translation adjustment, net of tax | (1) | 1 | |
Gains/(losses) on cashflow hedges, net of tax | (0) | 0 | |
Other comprehensive income that may be reclassified to the income statement | (1) | 1 | |
Total other comprehensive income for the year | 24 | 68 | |
Total comprehensive income for the year | 240 | 325 | |
Attributable to: | |||
Non-controlling interests | (0) | 1 | |
Equity holders of the parent | 240 | 325 |
Year ended at 31 December | Notes | 2020 restated | 2021 |
|---|---|---|---|
Profit/(loss) before income taxes | 282 | 302 | |
Adjustments for: | |||
Depreciation, amortisation and impairments | 164 | 149 | |
Share-based payments | 3 | 3 | |
(Profit)/loss on disposal of assets | (63) | (4) | |
(Profit)/loss on sale of Group companies | (3) | (16) | |
Interest and similar income | (2) | (1) | |
Interest and similar expenses | 18 | 22 | |
Results from investments in JVs/associates | (0) | 0 | |
Investment income | (50) | 2 | |
Pension liabilities | (166) | 53 | |
Other provisions | (29) | (2) | |
Changes in provisions | (195) | 51 | |
Inventory | 1 | (2) | |
Trade accounts receivable | (78) | (23) | |
Other accounts receivable | 20 | 5 | |
Other current assets | (9) | 11 | |
Trade accounts payable | (54) | 26 | |
Other current liabilities excluding short-term financing and taxes | 123 | 25 | |
Changes in working capital | 4 | 41 | |
Cash generated from operations | 208 | 547 | |
Interest paid | (15) | (21) | |
Income taxes paid | (12) | (76) | |
Net cash (used in)/from operating activities | 181 | 450 | |
Interest received | 2 | 1 | |
Disposal of subsidiaries | 13 | 44 | |
Investments in JVs/associates | (1) | (3) | |
Capital expenditure on intangible assets | (37) | (56) | |
Capital expenditure on property, plant and equipment | (40) | (85) | |
Proceeds from sale of property, plant and equipment | 158 | 10 | |
Changes in other loans receivable | (9) | (3) | |
Other changes in (financial) fixed assets | (0) | (1) | |
Net cash (used in)/from investing activities | 85 | (92) | |
Dividends paid | 0 | (113) | |
Changes related to non-controlling interests | (1) | 0 | |
Proceeds from short-term borrowings | 1 | 0 | |
Repayments of short-term borrowings | (1) | (5) | |
Repayments of leases/incentives | (79) | (69) | |
Net cash (used in)/from financing activities | (80) | (186) | |
Total change in cash from continuing operations | 186 | 172 | |
Cash and cash equivalents at the beginning of the year | 480 | 651 | |
Cash transfers relating to discontinued operations | (15) | 25 | |
Total change in cash from continuing operations | 186 | 172 | |
Cash and cash equivalents at the end of the year | 651 | 848 | |
Total change in cash from discontinued operations | (11) |
At 31 December | Notes | 2020 restated | 2021 |
|---|---|---|---|
Assets | |||
Goodwill | 208 | 207 | |
Other intangible assets | 132 | 147 | |
Intangible fixed assets | 339 | 354 | |
Land and buildings | 210 | 254 | |
Plant and equipment | 106 | 141 | |
Other equipment | 10 | 13 | |
Construction in progress | 44 | 25 | |
Property, plant and equipment | 370 | 433 | |
Right-of-use assets | 243 | 289 | |
Investments in joint ventures/associates | 3 | 6 | |
Loans receivable | 27 | 20 | |
Deferred tax assets | 10 | 11 | |
Financial assets at fair value through OCI | 15 | 28 | |
Financial fixed assets | 54 | 65 | |
Total non-current assets | 1,007 | 1,141 | |
Inventory | 3 | 5 | |
Trade accounts receivable | 336 | 353 | |
Accounts receivable | 18 | 11 | |
Income tax receivable | 31 | 25 | |
Prepayments and accrued income | 100 | 90 | |
Cash and cash equivalents | 651 | 848 | |
Total current assets | 1,140 | 1,332 | |
Assets classified as held for sale | 55 | 11 | |
Total assets | 2,201 | 2,484 | |
Equity and liabilities | |||
Equity attributable to the equity holders of the parent | 211 | 426 | |
Non-controlling interests | 2 | 3 | |
Total equity | 213 | 429 | |
Deferred tax liabilities | 23 | 37 | |
Provisions for pension liabilities | 86 | 67 | |
Other provisions | 30 | 29 | |
Long-term debt | 696 | 697 | |
Long-term lease liabilities | 231 | 269 | |
Other long-term liabilities | 0 | 31 | |
Total non-current liabilities | 1,065 | 1,129 | |
Trade accounts payable | 141 | 168 | |
Other provisions | 21 | 21 | |
Short-term debt | 12 | 4 | |
Short-term lease liabilities | 63 | 65 | |
Other current liabilities | 145 | 111 | |
Income tax payable | 2 | 1 | |
Contract liabilities | 69 | 70 | |
Accrued current liabilities | 445 | 487 | |
Total current liabilities | 898 | 927 | |
Liabilities related to assets classified as held for sale | 25 | 0 | |
Total equity and liabilities | 2,201 | 2,484 |
Issued share capital | Additional paid-in | Other | Retained | Attributable to equity holders of the parent | Non-controlling interests | Total | |
|---|---|---|---|---|---|---|---|
Balance at 31 December 2019 | 40 | 160 | (103) | (118) | (21) | 3 | (18) |
Effect of restatement | (12) | (12) | (12) | ||||
Balance at 1 January 2020 | 40 | 160 | (115) | (118) | (33) | 3 | (30) |
Total comprehensive income | 24 | 217 | 240 | (0) | 240 | ||
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 | (520) | 531 | 211 | 2 | 213 |
Total comprehensive income | 68 | 257 | 325 | 1 | 325 | ||
Appropriation of net income | 305 | (305) | 0 | 0 | |||
Final dividend previous year | 1 | (1) | (84) | (84) | (84) | ||
Interim dividend current year | 0 | (0) | (29) | (29) | (29) | ||
Share-based compensation | 0 | 3 | (0) | 3 | 3 | ||
Balance at 31 December 2021 | 41 | 163 | (148) | 370 | 426 | 3 | 429 |
iOS
Android