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 ’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.
Cash flow statement1

€ million

 

2016/17

 

2017/18

1

Abridged version. The complete version is shown in the consolidated financial statements.

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

Previous year
Period of 12 months, usually cited as reference for statements in an annual report.
Glossary