Consolidated cash flow statement

Adjusted for:

∙ Financial income and expenses recognised in the income statement

∙ Income tax recognised in the income statement

∙ Share in result of associates and joint ventures

∙ Depreciation, amortisation and impairments of property, plant and equipment, intangible assets and right-of-use assets

∙ Result on sale of property, plant and equipment and intangible assets

∙ Movements in working capital

∙ Amortisation of customer construction contributions received

∙ Movements in derivative financial instruments

Dividend received from associates and joint ventures

Interest paid^*

Interest received

New loans issued

Repayments of loans granted

Investments in property, plant and equipment

Disposal of property, plant and equipment

Investments in intangible assets

Dividend payments

Paid-up capital preference shares

Repurchase of hybrid securities

Proceeds from issuance of hybrid securities

Payment of lease liabilities

Coupon on perpetual subordinated bonds

Repayment of non-current interest-bearing debt

Repayment of current interest-bearing debt

Non-current interest-bearing debt newly issued

Movements in cash and cash equivalents