Search

Choose note

Note 31. Notes related to the statement of cash flows
Capital expenditure and non-cash financing activities
€ million 2016 2015
Total purchases of fixed assets 280.8 218.5
Total acquisitions of subsidiaries 434.5 -
of which cash payments 567.6 214.8
Loans relating to acquired companies 139.7 -
Payments arising from prior period investing activities -4.9 -4.9
Capital expenditure financed with finance lease or other liability 12.9 8.6
Adjustments to cash flows from operating activities
€ million 2016 2015
Adjustment of non-cash transactions in the income statement and items presented elsewhere in the statement of cash flows:
Change in provisions 4.9 -0.6
Investments accounted for using the equity method 0.6 -0.6
Impairments 24.0 9.2
Credit losses 6.7 3.7
Non-recurring gains on disposal of fixed assets -3.7 -102.9
Non-recurring losses on disposal of fixed assets 65.8 132.7
Share-based compensation -1.2 -0.8
Defined benefit pensions -0.8 -1.3
Others -5.7 0.6
Total 90.6 40.1
The group ‘Others’ within the adjustments to cash flows from operating activities includes the adjustment of unrealised foreign exchange gains and losses on purchases and sales, and the adjustment of other transactions of a non-cash nature.
Net assets of subsidiaries sold
€ million 2016 2015
Tangible and intangible assets 266.9 16.5
Inventories 7.3 71.7
Receivables 9.6 29.4
Cash and cash equivalents 6.1 21.5
Deferred taxes -3.2 -
Liabilities -180.4 -34.4
Provisions - -15.8
Net assets total 106.3 89.0
Cash and cash equivalents within the statement of cash flows
€ million 2016 2015
Available-for-sale financial assets (maturing in less than 3 months) 59.6 192.8
Cash and cash equivalents 141.3 141.2
Total 200.8 334.1
In the statement of cash flows, cash and cash equivalents include those recognised in the balance sheet and portions of available-for-sale financial assets with maturities of less than three months from acquisition.