Consolidated cash flow statement

Operating activities

Result for the year after tax

1,127

(656)

Adjustments to reconcile result after tax to net cash flow from operating activities

Unrealised result

11

(891)

863

Depreciation of property, plant and equipment

14, 17

2

2

Amortisation of financing costs

10

4

4

Provisions

24

-

-

Income tax paid

(1)

(1)

Interest expense

10

64

52

Amortisation of income derivatives

13

-

(1)

Result on property sales

8

(46)

(10)

(868)

909

Working capital adjustments

6

8

Net cash flow from operating activities

265

261

Investing activities

Capital expenditure in investment property

15

(78)

(63)

Proceeds from sale of investment property

15

225

49

Capital expenditure on intangible fixed assets

-

-

Capital expenditure on property, plant and equipment

17

-

-

Capital expenditure on financial fixed assets

18

-

-

Capital expenditure on participations

18

-

-

Capital expenditure on investment property under construction

16

(151)

(239)

Net cash flow from investing activities

(4)

(253)

Financing activities

Loans drawn

22

1,860

3,827

Financing costs

22

-

-

Loan repayment

22

(1,803)

(3,525)

Equity issued

21

91

117

Equity redemption

21

(141)

(167)

Distribution paid

21

(200)

(199)

Interest paid

(46)

(48)

Settlement pre-hedge contracts

14

-

-

Buy-off landlease

23

(21)

(20)

Lease liabilities

23

-

-

Net cash flow from financing activities

(260)

(15)

Total net cash flow

1

(7)

Net increase/decrease in cash and cash equivalents

(3)

(7)

Cash and cash equivalents at the beginning of the period

21

4

11