Liquidity (cash flow statement)

Cash inflow from operating activities from continuing operations amounted to €796 million in financial year 2018/19 (2017/18: cash inflow of €766 million). Investing activities led to cash inflow of €46 million (2017/18: cash outflow of €292 million). Compared with the ’s period, this represents an increase in cash flow before financing activities of €368 million to €842 million. Cash outflow from financing activities exhibited a cash outflow of €1,122 million (2017/18: cash outflow of €587 million). Total cash flow from investing activities of discontinued operations amounts to €−88 million (2017/18: €−24 million).

Cash flow statement1

€ million

2017/18

2018/19

1

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

Cash flow from operating activities of continuing operations

766

796

Cash flow from operating activities of discontinued operations

139

157

Cash flow from operating activities

905

953

Cash flow from investing activities of continuing operations

−292

46

Cash flow from investing activities of discontinued operations

−89

−136

Cash flow from investing activities

−381

−90

Cash flow before financing activities of continuing operations

474

842

Cash flow before financing activities of discontinued operations

50

21

Cash flow before financing activities

524

863

Cash flow from financing activities of continuing operations

−587

−1,122

Cash flow from financing activities of discontinued operations

−74

−109

Cash flow from financing activities

−661

−1,231

Total cash flows

−137

−368

Currency effects on cash and cash equivalents

−30

17

Total change in cash and cash equivalents

−167

−351

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