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Consolidated statement of cash flows
(in PLNm) | Note | Year ended December 31, 2022 |
Year ended December 31, 2021 restated data* |
---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Gross profit | 4.110 | 4.871 | |
Income tax paid | (2.168) | (1.273) | |
Adjustments for: | |||
Share of profit of equity-accounted entities | – | 2 | |
Depreciation, amortisation, disposal and impairment losses | 4.362 | 4.412 | |
Interest and dividend, net | 286 | 312 | |
Gains on investing activities | 27.1 | 18 | (363) |
Change in receivables | 27.1 | (1.373) | (2.958) |
Change in inventories | 27.1 | (2.727) | 866 |
Change in CO2 emission allowances for captive use | 35 | (3.129) | |
Change in liabilities, excluding loans and borrowings | 27.1 | 3.005 | 1.418 |
Change in other non-financial assets, prepayments | 27.1 | (1.130) | (482) |
Change in provisions | 27.1 | 7.147 | 3.813 |
Other | 44 | (50) | |
NET CASH FROM OPERATING ACTIVITIES | 11.609 | 7.439 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Sale of property, plant and equipment and intangible assets | 24 | 59 | |
Purchase property, plant and equipment and intangible assets | 27.2 | (6.661) | (4.682) |
Recognition of deposits with maturity over 3 months | 27.2 | (1.391) | (312) |
Termination of deposits with maturity over 3 months | 27.2 | 1.367 | 303 |
Purchase of financial assets | (4) | (60) | |
Purchase of fully consolidated entity, after offsetting acquired cash | 27.2 | (797) | – |
Sale of subsidiary | 27.2 | 111 | 368 |
Sale of other financial assets | 23 | 63 | |
Loss of control | 27.2 | (2) | (118) |
Loans repaid | 16 | – | |
Other | 18 | 12 | |
NET CASH FROM INVESTING ACTIVITIES | (7.296) | (4.367) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Proceeds from issue of shares | 27.3 | 3.197 | – |
Proceeds from share issue for non-controlling interests | 27.3 | 33 | 419 |
Proceeds from loans, borrowings | 27.3 | 2.293 | 601 |
Repayment of loans, borrowings, leases | 27.3 | (4.352) | (1.233) |
Dividends paid | (3) | (2) | |
Interest paid | 27.3 | (364) | (358) |
Other | 37 | 45 | |
NET CASH FROM FINANCING ACTIVITIES | 841 | (528) | |
NET CHANGE IN CASH AND CASH EQUIVALENTS | 5.154 | 2.544 | |
Net exchange differences | 7 | (17) | |
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF PERIOD | 18 | 6.733 | 4.189 |
CASH AND CASH EQUIVALENTS AT THE END OF PERIOD | 18 | 11.887 | 6.733 |
*restatement of comparative data is described in note 5 of these consolidated financial statements.