Consolidated statement of cash flows

PostNL Consolidated statement of cash flows in million
2023, 2024

Year ended at 31 DecemberNotes20232024
Profit/(loss) before income taxes 7825
Adjustments for:
Depreciation, amortisation and impairments 177188
Share-based payments 21
(Profit)/loss on disposal of assets (9)(2)
Interest and similar income (20)(23)
Interest and similar expenses 2231
Results from investments in JVs/associates 44
Investment income (3)10
Changes in provisions 1421
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 277227
Interest paid (20)(28)
Income taxes received/(paid) (35)(31)
Net cash (used in)/from operating activities2.5.1222168
Interest received 2321
Disposal of JVs/associates 01
Capital expenditure on intangible assets (74)(69)
Capital expenditure on property, plant and equipment (52)(31)
Proceeds from sale of property, plant and equipment 116
Changes in other loans receivable 22
Other changes in (financial) fixed assets (2)(2)
Net cash (used in)/from investing activities2.5.2(102)(61)
Dividends paid (29)(22)
Changes related to non-controlling interests (0)(1)
Proceeds from long-term borrowings 18297
Repayments of long-term borrowings (47)0
Proceeds from short-term borrowings 10
Repayments of short-term borrowings (4)(364)
Repayments of leases/incentives (81)(84)
Net cash (used in)/from financing activities2.5.3(142)(173)
Total change in cash from continuing operations (23)(66)
Cash and cash equivalents at the beginning of the year 556518
Cash transfers relating to discontinued operations2.5.4(16)1
Total change in cash from continuing operations (23)(66)
Cash and cash equivalents at the end of the year 518453

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