4.2.5Consolidated Cash Flow Statement
|
in millions of US$ |
Notes |
2021 |
2020 |
|---|---|---|---|
|
Cash flow from operating activities |
|||
|
Profit/(loss) before income tax |
543 |
366 |
|
|
Adjustments to reconcile profit before taxation to net cash flows: |
|||
|
Depreciation and amortization |
112 |
320 |
|
|
Impairment |
(23) |
117 |
|
|
Net financing costs |
302 |
258 |
|
|
Share net income of associates and joint ventures |
(110) |
(17) |
|
|
Share based compensation |
27 |
27 |
|
|
Other adjustments for non-cash items |
- |
(123) |
|
|
Net gain on sale of Property, Plant and Equipment |
(1) |
1 |
|
|
(Increase)/Decrease in working capital: |
|||
|
- (Increase)/Decrease Trade and other receivables |
(139) |
(166) |
|
|
- (Increase)/Decrease Construction work in progress |
(1,887) |
(1,258) |
|
|
- (Increase)/Decrease Inventories |
128 |
(135) |
|
|
- Increase/(Decrease) Trade and other payables |
13 |
134 |
|
|
Increase/(Decrease) Other provisions |
24 |
103 |
|
|
Reimbursement finance lease assets |
316 |
288 |
|
|
Income taxes paid |
(62) |
(42) |
|
|
Net cash flows from (used in) operating activities |
(755) |
(128) |
|
|
Cash flow from investing activities |
|||
|
Investment in property, plant and equipment |
(14) |
(41) |
|
|
Investment in intangible assets |
(47) |
(29) |
|
|
Additions to funding loans |
(3) |
(15) |
|
|
Redemption of funding loans |
5 |
20 |
|
|
Interest received |
1 |
5 |
|
|
Dividends received from equity-accounted investees |
43 |
44 |
|
|
Proceeds from disposal of property, plant and equipment |
25 |
- |
|
|
Purchase of interests in equity-accounted investees |
(6) |
(0) |
|
|
Net cash flows from (used in) investing activities |
5 |
(17) |
|
|
Cash flow from financing activities |
|||
|
Equity funding from/repayment to non-controlling interests |
80 |
(23) |
|
|
Additions to borrowings and loans |
3,765 |
1,290 |
|
|
Repayments of borrowings and lease liabilities |
(1,730) |
(617) |
|
|
Dividends paid to shareholders and non-controlling interests |
(292) |
(233) |
|
|
Payments from/to non-controlling interests for change in ownership |
(0) |
28 |
|
|
Share repurchase program |
(178) |
(165) |
|
|
Increase in other non-current financial liabilities |
52 |
- |
|
|
Interest paid |
(340) |
(228) |
|
|
Net cash flows from (used in) financing activities |
1,359 |
50 |
|
|
Net increase/(decrease) in cash and cash equivalents |
609 |
(95) |
|
|
Net cash and cash equivalents as at 1 January |
414 |
506 |
|
|
Net increase/(decrease) in net cash and cash equivalents |
609 |
(95) |
|
|
Foreign currency variations |
(2) |
5 |
|
|
Net cash and cash equivalents as at 31 December |
1,021 |
414 |
The reconciliation of the net cash and cash equivalents as at December 31, 2021 with the corresponding amounts in the statement of financial position is as follows:
Reconciliation of net cash and cash equivalents as at 31 December
|
in millions of US$ |
31 December 2021 |
31 December 2020 |
|
|---|---|---|---|
|
Cash and cash equivalents |
1,021 |
414 |
|
|
Net cash and cash equivalents |
1,021 |
414 |