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 paid leases

Interest received

New loans issued

Repayments of loans granted

Disposal of subsidiaries

Investments in property, plant and equipment

Disposal of property, plant and equipment

Investments in intangible assets

Dividend payments

Dividend payments preference shares

Paid-up capital preference shares

Repurchase of hybrid securities

Proceeds from issuance of hybrid securities

Payment of lease liabilities

Coupon and cost on perpetual subordinated bonds

Cost from issuance of preference shares and 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