PostNL Consolidated statement of cash flow in € million
For the year ended 31 December | Notes | 2024 restated | 2025 |
|---|---|---|---|
Profit/(loss) before income taxes | 25 | (18) | |
Adjustments for: | |||
Depreciation, amortisation and impairments | 188 | 237 | |
Share-based payments | 1 | 3 | |
(Profit)/loss on disposal of assets | (2) | (4) | |
(Profit)/loss on sale of Group companies | 0 | (5) | |
Interest and similar income | (23) | (19) | |
Interest and similar expenses | 31 | 47 | |
Results from investments in JVs/associates | 4 | 0 | |
Investment income | 10 | 19 | |
Changes in provisions | 21 | 5 | |
Inventory | (1) | 1 | |
Trade accounts receivable | (4) | (22) | |
Other accounts receivable | (1) | 2 | |
Other current assets | (9) | 18 | |
Trade accounts payable | (35) | (14) | |
Other current liabilities excluding short-term financing and taxes | 33 | (63) | |
Changes in working capital | (17) | (78) | |
Cash generated from operations | 227 | 168 | |
Interest paid | (28) | (35) | |
Income taxes received/(paid) | (31) | 8 | |
Net cash (used in)/from operating activities | 2.5.1 | 168 | 142 |
Interest received | 21 | 17 | |
Dividend received | 4 | ||
Disposal of group companies | 10 | ||
Disposal of JVs/associates | 1 | 1 | |
Capital expenditure on intangible assets | (69) | (71) | |
Capital expenditure on property, plant and equipment | (31) | (35) | |
Proceeds from sale of property, plant and equipment | 16 | 8 | |
Investments in short-term investments | (205) | (101) | |
Repayments from short-term investments | 55 | 150 | |
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 | (211) | (18) |
Dividends paid | (22) | (15) | |
Changes related to non-controlling interests | (1) | 0 | |
Proceeds from long-term borrowings | 297 | 398 | |
Proceeds from short-term borrowings | 0 | 1 | |
Repayments of short-term borrowings | (364) | (205) | |
Repayments of leases/incentives | (84) | (89) | |
Net cash (used in)/from financing activities | 2.5.3 | (173) | 90 |
Total change in cash from continuing operations | (216) | 213 | |
Cash and cash equivalents at the beginning of the year | 518 | 303 | |
Cash transfers relating to discontinued operations | 1 | (1) | |
Total change in cash from continuing operations | (216) | 213 | |
Cash and cash equivalents at the end of the year | 303 | 515 |