Consolidated statement of cash flows

PROFIT BEFORE INCOME TAXES

Depreciation, amortization and impairment losses

(Profit) loss from financial activities

(Profit) loss on the disposal of fully consolidated subsidiaries

(Income) loss from the sale of stakes accounted for using the equity method

Other non-cash transactions

(Gains) losses from the disposal of intangible assets and property, plant and equipment

Change in assets carried as working capital

Change in provisions

Change in other liabilities carried as working capital

Income taxes received (paid)

Dividends received

Net payments from entering into, canceling or changing the terms and conditions of interest rate derivatives

CASH GENERATED FROM OPERATIONS

Interest paid

Interest received

NET CASH FROM OPERATING ACTIVITIES

Intangible assets

Property, plant and equipment

Non-current financial assets

Payments to acquire control of subsidiaries and associates

Intangible assets

Property, plant and equipment

Non-current financial assets

Proceeds from the loss of control of subsidiaries and associates

Net change in short-term investments and marketable securities and receivables

Other

NET CASH USED IN INVESTING ACTIVITIES

Proceeds from issue of current financial liabilities

Repayment of current financial liabilities

Proceeds from issue of non-current financial liabilities

Repayment of non-current financial liabilities

Dividends (including to non-controlling interests)

Repayment of lease liabilities

Cash inflows from transactions with non-controlling entities

Cash outflows from transactions with non-controlling entities

Other

NET CASH USED IN FINANCING ACTIVITIES

Effect of exchange rate changes on cash and cash equivalents

Changes in cash and cash equivalents associated with non-current assets and disposal groups held for sale

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS, AT THE BEGINNING OF THE YEAR

CASH AND CASH EQUIVALENTS, AT THE END OF THE YEAR