Liquidity (cash flow statement)
Cash inflow from operating activities in financial year 2017/18 amounted to €874 million (2016/17: cash inflow of €851 million). Investing activities led to cash outflow of €296 million (2016/17: cash outflow of €457 million). Compared with the previous year’s period, this represents an increase in cash flow before financing activities of €184 million to €578 million. Cash flow from financing activities showed cash outflows of €581 million (2016/17: cash outflow of €375 million). Total cash flow from discontinued operations amounts to €−133 million (2016/17: €−31 million).
- For more information, see the cash flow statement in the consolidated financial statements as well as the notes to the consolidated financial statements in no. 42 – notes to the cash flow statement.
€ million |
|
2016/17 |
|
2017/18 |
||
|
||||||
Cash flow from operating activities of continuing operations |
|
851 |
|
874 |
||
Cash flow from operating activities of discontinued operations |
|
176 |
|
31 |
||
Cash flow from operating activities |
|
1,027 |
|
905 |
||
Cash flow from investing activities of continuing operations |
|
−457 |
|
−296 |
||
Cash flow from investing activities of discontinued operations |
|
−144 |
|
−85 |
||
Cash flow from investing activities |
|
−601 |
|
−381 |
||
Cash flow before financing activities of continuing operations |
|
394 |
|
578 |
||
Cash flow before financing activities of discontinued operations |
|
32 |
|
−54 |
||
Cash flow before financing activities |
|
426 |
|
524 |
||
Cash flow from financing activities of continuing operations |
|
−375 |
|
−581 |
||
Cash flow from financing activities of discontinued operations |
|
−63 |
|
−79 |
||
Cash flow from financing activities |
|
−438 |
|
−660 |
||
Total cash flows |
|
−12 |
|
−136 |
||
Currency effects on cash and cash equivalents |
|
−25 |
|
−30 |
||
Total change in cash and cash equivalents |
|
−37 |
|
−166 |
||