Consolidated cash flow statement

Operating activities

Result for the year after tax

854

1,032

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

Unrealised result

12

(653)

(825)

Depreciation of property, plant and equipment

17

1

2

Amortisation of financing costs

22

3

3

Provisions

24

2

(9)

Interest expense

11

40

28

Result on property sales

9

(13)

(44)

(620)

(845)

Working capital adjustments

2

-

Net cash flow from operating activities

236

187

Investing activities

Capital expenditure in investment property

15

(44)

(34)

Proceeds from sale of investment property

15

253

334

Capital expenditure on intangible fixed assets

(3)

(3)

Capital expenditure on property, plant and equipment

17

(2)

(2)

Capital expenditure on financial fixed assets

(6)

-

Investment property acquisitions *

-

(344)

Acquisitions property under construction

16

-

(121)

Capital expenditure on participations

6

-

Capital expenditure on investment property under construction

16

(137)

(146)

Net cash flow from investing activities

67

(316)

Financing activities

Loans drawn

22

2,510

1,042

Financing costs

22

(4)

(5)

Loan repayment

22

(2,431)

(473)

Distribution paid

21

(344)

(415)

Interest paid

(36)

(23)

Settlement pre-hedge contracts

14

(6)

-

Net cash flow from financing activities

(311)

126

(8)

(3)

Net increase/decrease in cash and cash equivalents

(8)

(3)

Cash and cash equivalents at the beginning of the period

20

11

14