Cash flow statement
|
in € million¹
|
2018
|
2017
|
|---|---|---|
|
in € million¹
1. Operating activities
| ||
|
in € million¹
EBITDA
|
2018
2,089.6
|
2017
3,752.4
|
|
in € million¹
Changes in provisions
|
2018
-394.6
|
2017
-472.3
|
|
in € million¹
Result from disposals
|
2018
-88.4
|
2017
-317.8
|
|
in € million¹
Other non-cash-relevant expenses/income
|
2018
-27.6
|
2017
-68.1
|
|
in € million¹
Change in assets and liabilities from operating activities
|
2018
-480.7
|
2017
-4,671.4
|
|
in € million¹
Inventories
|
2018
(-201.7)
|
2017
(-27.3)
|
|
in € million¹
Net balance of trade receivables and payables
|
2018
(49.6)
|
2017
(277.6)
|
|
in € million¹
Net balance of other assets and liabilities
|
2018
(-328.6)
|
2017
(-4,921.7)
|
|
in € million¹
Income tax paid/received
|
2018
-270.7
|
2017
81.1
|
|
in € million¹
Cash flow from operating activities
|
2018
827.6
|
2017
-1,696.1
|
|
in € million¹
2. Investing activities
| ||
|
in € million¹
Capital expenditure on intangible assets and property, plant and equipment
|
2018
-1,369.5
|
2017
-1,419.2
|
|
in € million¹
Disposals of intangible assets and property, plant and equipment
|
2018
77.3
|
2017
52.8
|
|
in € million¹
Cash received from subsidies for construction costs and investments, and tax refunds from recognised exploration expenditure
|
2018
86.1
|
2017
113.8
|
|
in € million¹
Acquisition of subsidiaries, entities accounted for using the equity method and interests in joint operations
|
2018
-297.6
|
2017
-227.9
|
|
in € million¹
Sale of subsidiaries, entities accounted for using the equity method and interests in joint operations
|
2018
297.9
|
2017
235.4
|
|
in € million¹
Cash paid for investments in other financial assets
|
2018
-750.4
|
2017
-721.2
|
|
in € million¹
Sale of other financial assets
|
2018
765.3
|
2017
3,491.0
|
|
in € million¹
Cash received/paid for investments in connection with short-term finance planning
|
2018
10.5
|
2017
44.3
|
|
in € million¹
Interest received
|
2018
94.4
|
2017
452.1
|
|
in € million¹
Dividends received
|
2018
190.2
|
2017
139.6
|
|
in € million¹
Cash flow from investing activities
|
2018
-895.8
|
2017
2,160.7
|
|
in € million¹
3. Financing activities
| ||
|
in € million¹
Interest paid for financing activities
|
2018
-247.0
|
2017
-425.6
|
|
in € million¹
Dividends paid
|
2018
-312.8
|
2017
-84.7
|
|
in € million¹
Cash received for changes in ownership interest without loss of control
|
2018
4.6
|
2017
1.5
|
|
in € million¹
Increase in financial liabilities
|
2018
1,125.1
|
2017
302.3
|
|
in € million¹
Repayment of financial liabilities
|
2018
-1,425.4
|
2017
-1,279.8
|
|
in € million¹
Payments from alterations of capital in non-controlling interests
|
2018
-51.8
|
2017
-55.0
|
|
in € million¹
Cash flow from financing activities
|
2018
-907.3
|
2017
-1,541.3
|
|
in € million¹
Net change in cash and cash equivalents
|
2018
-975.5
|
2017
-1,076.7
|
|
in € million¹
Change in cash and cash equivalents due to changes in the consolidated companies
|
2018
6.6
|
2017
300.3
|
|
in € million¹
Net foreign exchange difference
|
2018
5.5
|
2017
-1.9
|
|
in € million¹
Change in cash and cash equivalents due to risk provisions
|
2018
0.2
|
2017
0.0
|
|
in € million¹
Change in cash and cash equivalents
|
2018
-963.2
|
2017
-778.3
|
|
in € million¹
Cash and cash equivalents at the beginning of the period²
|
2018
3,212.6
|
2017
3,991.6
|
|
in € million¹
Cash and cash equivalents at the end of the period
|
2018
2,249.4
|
2017
3,213.3
|
1 Further information is available in the notes under (31) “Notes to the cash flow statement”. We publish the full set of consolidated financial statements at www.enbw.com/report2018-downloads.
2 Explanation in the "Changes in accounting policies".