Consolidated statement of cash flows
PostNL Consolidated statement of cash flows in € million
2023, 2024
Year ended at 31 December | Notes | 2023 | 2024 |
---|---|---|---|
Profit/(loss) before income taxes | 78 | 25 | |
Adjustments for: | |||
Depreciation, amortisation and impairments | 177 | 188 | |
Share-based payments | 2 | 1 | |
(Profit)/loss on disposal of assets | (9) | (2) | |
Interest and similar income | (20) | (23) | |
Interest and similar expenses | 22 | 31 | |
Results from investments in JVs/associates | 4 | 4 | |
Investment income | (3) | 10 | |
Changes in provisions | 14 | 21 | |
Inventory | (2) | (1) | |
Trade accounts receivable | 50 | (4) | |
Other accounts receivable | 0 | (1) | |
Other current assets | (15) | (9) | |
Trade accounts payable | 27 | (35) | |
Other current liabilities excluding short-term financing and taxes | (51) | 33 | |
Changes in working capital | 7 | (17) | |
Cash generated from operations | 277 | 227 | |
Interest paid | (20) | (28) | |
Income taxes received/(paid) | (35) | (31) | |
Net cash (used in)/from operating activities | 2.5.1 | 222 | 168 |
Interest received | 23 | 21 | |
Disposal of JVs/associates | 0 | 1 | |
Capital expenditure on intangible assets | (74) | (69) | |
Capital expenditure on property, plant and equipment | (52) | (31) | |
Proceeds from sale of property, plant and equipment | 1 | 16 | |
Changes in other loans receivable | 2 | 2 | |
Other changes in (financial) fixed assets | (2) | (2) | |
Net cash (used in)/from investing activities | 2.5.2 | (102) | (61) |
Dividends paid | (29) | (22) | |
Changes related to non-controlling interests | (0) | (1) | |
Proceeds from long-term borrowings | 18 | 297 | |
Repayments of long-term borrowings | (47) | 0 | |
Proceeds from short-term borrowings | 1 | 0 | |
Repayments of short-term borrowings | (4) | (364) | |
Repayments of leases/incentives | (81) | (84) | |
Net cash (used in)/from financing activities | 2.5.3 | (142) | (173) |
Total change in cash from continuing operations | (23) | (66) | |
Cash and cash equivalents at the beginning of the year | 556 | 518 | |
Cash transfers relating to discontinued operations | 2.5.4 | (16) | 1 |
Total change in cash from continuing operations | (23) | (66) | |
Cash and cash equivalents at the end of the year | 518 | 453 |