Reconciliation of the reclassified financial statements with the compulsory formats
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RECLASSIFIED BALANCE SHEET |
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(€ million) |
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31.12.2013 |
31.12.2014 |
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(Where not expressly stated, the component is taken directly from the legally required format) |
Reference to Notes to the consolidated financial statements |
Partial amount from legally required format |
Amount from reclassified format |
Partial amount from legally required format |
Amount from reclassified format |
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Fixed capital |
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|
|
|
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Property, plant and equipment |
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14,851 |
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15,399 |
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Compulsory inventories |
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363 |
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363 |
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Intangible assets |
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4,710 |
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5,076 |
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Equity-accounted investments |
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1,024 |
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1,402 |
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Financial receivables held for operating activities |
(note 8) |
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2 |
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Net payables for investments, consisting of: |
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(367) |
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(427) |
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- Payables for investment activities |
(note 17) |
(379) |
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(440) |
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- Receivables from investment/divestment activities |
(note 8) |
12 |
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13 |
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Total fixed capital |
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20,583 |
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21,813 |
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Trade receivables |
(note 8) |
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2,268 |
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1,728 |
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Inventories |
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156 |
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155 |
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Tax receivables, consisting of: |
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53 |
|
90 |
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- Current income tax assets and other current tax assets |
(note 10) |
23 |
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58 |
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- IRES receivables for the national tax consolidation scheme |
(note 8) |
30 |
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32 |
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Trade payables |
(note 17) |
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(1,047) |
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(816) |
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Tax payables, consisting of: |
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(143) |
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(22) |
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- Current income tax liabilities and other current tax liabilities |
(note 10) |
(142) |
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(21) |
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- IRES payables for the national tax consolidation scheme |
(note 17) |
(1) |
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(1) |
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Deferred tax liabilities |
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(727) |
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(513) |
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Provisions for risks and charges |
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(837) |
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(1,014) |
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(7) |
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(4) |
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Other assets, consisting of: |
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231 |
|
217 |
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- Other receivables |
(note 8) |
130 |
|
92 |
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- Other current and non-current assets |
(note 11) |
101 |
|
125 |
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Assets and liabilities from regulated activities, consisting of: |
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(203) |
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(36) |
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- Regulated assets |
(note 11) |
141 |
|
144 |
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- Regulated liabilities |
(note 18) |
(344) |
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(180) |
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Other liabilities, consisting of: |
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(899) |
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(649) |
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- Other payables |
(note 17) |
(471) |
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(512) |
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- Other current and non-current liabilities |
(note 18) |
(428) |
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(137) |
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Total net working capital |
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(1,155) |
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(864) |
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Provisions for employee benefits |
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(124) |
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(141) |
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Assets held for sale and directly related liabilities, consisting of: |
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16 |
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16 |
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- Assets held for sale |
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23 |
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23 |
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- Liabilities directly associated with assets held for sale |
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(7) |
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(7) |
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19,320 |
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20,824 |
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Shareholders’ equity including minority interests |
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5,994 |
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7,172 |
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Financial liabilities, consisting of: |
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13,328 |
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13,942 |
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- Long-term financial liabilities |
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11,078 |
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11,885 |
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- Current portion of long-term financial liabilities |
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303 |
|
999 |
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- Short-term financial liabilities |
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1,947 |
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1,058 |
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Financial receivables and cash and cash equivalents, consisting of: |
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(2) |
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(290) |
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- Financial receivables not held for operations |
(note 8) |
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(216) |
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- Cash and cash equivalents |
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(2) |
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(74) |
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Total net financial debt |
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13,326 |
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13,652 |
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COVERAGE |
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19,320 |
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20,824 |
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RECLASSIFIED STATEMENT OF CASH FLOWS |
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(€ million) |
2013 |
2014 |
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Items from the reclassified statement of cash flows |
Partial amount from legally required format |
Amount from reclassified format |
Partial amount from legally required format |
Amount from reclassified format |
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|
917 |
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1,198 |
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Adjusted for: |
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Amortisation, depreciation and other non-monetary components: |
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725 |
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670 |
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759 |
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797 |
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- Impairment losses |
10 |
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6 |
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- Equity method valuation effect |
(45) |
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(79) |
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- Change in provisions for employee benefits |
1 |
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(2) |
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- Other changes |
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(52) |
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Net capital losses (capital gains) on asset sales and eliminations |
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3 |
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20 |
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Interest and income taxes |
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1,094 |
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840 |
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- Interest income |
(8) |
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(19) |
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- Interest expense |
412 |
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350 |
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- Income taxes |
690 |
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509 |
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Change in working capital due to operating activities: |
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46 |
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(88) |
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- Inventories |
1 |
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(18) |
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- Trade receivables |
(343) |
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65 |
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- Trade payables |
283 |
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(154) |
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- Change in provisions for risks and charges |
30 |
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23 |
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- Other assets and liabilities |
216 |
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(4) |
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- Reclassification: derivative liabilities |
(141) |
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Dividends, interest and income taxes collected (paid): |
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(1.087) |
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(1,111) |
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- Dividends collected |
70 |
|
99 |
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- Interest collected |
1 |
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2 |
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- Interest paid |
(399) |
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(347) |
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- Income taxes (paid) received |
(759) |
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(865) |
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Net cash flow from operating activities |
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1,698 |
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1,529 |
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Technical investments: |
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(1,187) |
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(1,283) |
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- Property, plant and equipment |
(839) |
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(917) |
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- Intangible assets |
(348) |
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(366) |
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Investments in companies joining the scope of consolidation and business units: |
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(14) |
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(10) |
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Equity investments |
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(599) |
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(5) |
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Divestments: |
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29 |
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10 |
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- Property, plant and equipment |
3 |
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3 |
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- Intangible assets |
17 |
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- Equity investments |
9 |
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7 |
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Other changes relating to investment activities: |
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(19) |
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56 |
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- Change in net payables relating to investment activities |
(22) |
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54 |
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- Change in net payables for divestments |
3 |
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2 |
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Free cash flow |
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(92) |
|
297 |
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Change in financial receivables not held for operations |
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(216) |
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Change in financial payables: |
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920 |
|
490 |
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- Taking on long-term financial debt |
3,808 |
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2,971 |
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- Repaying long-term financial debt |
(4,471) |
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(1,474) |
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- Increase (decrease) in short-term financial debt |
1,442 |
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(1,007) |
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- Reclassification: derivative liabilities |
141 |
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Equity cash flow |
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(841) |
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(505) |
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Effect of the change in scope of consolidation |
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6 |
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Net cash flow for the period |
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(13) |
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72 |