Consolidated statement of cash flows
(sporządzone metodą pośrednią)
| Note | 2021 | 2020 | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net profit/(loss) | 3,211.8 | (1,146.2) | |
| Adjustments: | (254.5) | 4,338.1 | |
| Income tax | 9.9.1 | 1,244.7 | (506.6) |
| Share in net profit/(loss) of equity-accounted joint ventures | 10.2 | (4.6) | 1.9 |
| Depreciation and amortisation | 9.2 | 1,049.0 | 1,089.9 |
| Foreign exchange (gains)/losses | 112.7 | 182.8 | |
| Interest and dividends | 134.7 | 159.4 | |
| (Gains)/losses from investing activities | 18.9 | 142.2 | |
| Impairment losses/(Reversal of impairment losses) on property, plant and equipment and other intangible assets | 9.4; 9.5 | (124.9) | 904.8 |
| Settlement and measurement of financial instruments | 9.6 | (242.7) | (65.7) |
| (Increase)/Decrease in trade receivables | (954.6) | 915.2 | |
| (Increase)/decrease in other assets | (192.6) | 24.5 | |
| (Increase)/Decrease in inventories | (2,117.1) | 1,358.2 | |
| Increase/(Decrease) in trade payables | 724.1 | (304.7) | |
| Increase in other liabilities and provisions | 80.0 | 399.5 | |
| Increase in employee benefit obligations | 17.9 | 36.7 | |
| Income tax paid | (60.0) | (322.0) | |
| Net cash from operating activities | 2,897.3 | 2,869.9 | |
| Cash flows from investing activities | |||
| Dividends received | 3.6 | 2.4 | |
| Sale of property, plant and equipment and other intangible assets | 10.7 | 4.5 | |
| Sale of assets held for sale | 2.3 | – | |
| Purchase of property, plant and equipment and other intangible assets | (1,048.0) | (895.4) | |
| Cash contributions – equity-accounted joint ventures | 10.2 | (2.9) | (7.0) |
| Acquisition of shares | – | (300.0) | |
| Loans | – | (200.0) | |
| Security deposits (margins) | 102.0 | 1.7 | |
| Funds for future costs of decommissioning of oil and gas extraction facilities | (3.4) | (28.7) | |
| Settlement of derivative financial instruments | 78.9 | 34.0 | |
| Net cash from investing activities | (856.8) | (1,388.5) | |
| Cash flows from financing activities | |||
| Cash flows from financing activities | 10.9 | 558.6 | 74.4 |
| Proceeds from bank borrowings | 29.5 | 15.0 | |
| Repayment of bank and non-bank borrowings | 10.9 | (1,648.5) | (571.5) |
| Redemption of notes | 10.9 | (21.9) | – |
| Interest paid | 10.9 | (118.5) | (196.8) |
| Dividends paid | – | (184.9) | |
| Payment of lease liabilities | 10.9 | (220.6) | (214.6) |
| Settlement of derivative financial instruments | 26.9 | (11.4) | |
| Net cash from financing activities | (1,394.5) | (1,089.8) | |
| Total net cash flow | 646.0 | 391.6 | |
| Effect of exchange rate fluctuations on cash held | 2.7 | 15.2 | |
| Change in net cash | 648.7 | 406.8 | |
| Cash at beginning of period | 1,923.4 | 1,516.6 | |
| Cash at end of period | 10.7 | 2,572.1 | 1,923.4 |