7.2.5Consolidated statement of cash flows
Consolidated statement of cash flows
(in millions)20242023
restated
Cash and cash equivalents as at 1 January7,9102,246
Result before tax from continuing and discontinued operations11,6081,389
Adjustments on non-cash items included in result677395
Changes in operating assets and liabilities-2,8821,895
Income tax received (paid)-102-82
Cash flows from operating activities-6993,597
Cash flows from investing activities:
Investments in associates and joint ventures-18-28
Proceeds from sales of associates and joint ventures38
Purchases of property, plant and equipment-25-29
Purchases of group companies (less acquired cash positions)12,255
Proceeds from sales of property, plant and equipment1-
Sales of group companies (less sold cash positions)-1,898-
Purchase of intangible assets-5-5
Cash flows from investing activities-1,9412,201
Cash flows from financing activities:
Proceeds from issues of loans3101,165
Repayment of loans-582-741
Repayment of lease liabilities-17-12
Dividend paid-629-484
Discretionary interest to holders of equity instruments-63-48
Non-controlling interests15-5
Issue of other equity instruments495-
Repayment of other equity instruments-502-
(Purchase)/ sale of treasury shares-103-5
Cash flows from financing activities-1,076-130
Effect of movements in exchange rates on cash held--4
Cash and cash equivalents as at 31 December4,1947,910
  • 1 Result before tax from continuing and discontinued operations consists of Result before tax from continued operations amounting to 1,447 mln. (2023: 1,278 mln.) and Result before tax from discontinued operations amounting to 161 mln (2023: 111 mln.). Result after tax from discontinued operations amount to - 121 mln. (2023: 82 mln.). For more detailed information on discontinued operations, see note 7.4.6.

The comparative figures for 2023 have been restated (see section 7.3.2).

For more information on cash and cash equivalents, see section 7.5.10.

For more information on the cash flows from operating activities, including the cash flows from interest received, interest paid and dividend received, see section 7.7.2.