Consolidated cash flow statement
EUR million
Note
1–12/2022
1–12/2021
Cash flow from operating activities Result for the period
461.3 -63.0
314.0
Adjustments to the result, total
11.8
Interest received
2.4
0.1
Interest paid
-3.6 59.1 -6.4
-11.2 0.0 -3.6 -31.1 49.5
Dividends received
Other financial items, net
Income tax paid
-66.5 -151.4 232.0
Change in working capital
Net cash flow from operations
329.6
Cash flow from investing activities Acquisition of other shares
-13.6
Capital expenditure
-274.2
-213.7
Proceeds from disposal of shares in subsidiaries, net of cash
7.2
24.5 16.9 41.1 -0.1
Proceeds from disposal of other shares
0.2
Proceeds from sale of tangible and intangible assets
30.4
Change in non-current receivables, net
0.2
Net cash flow from investing
-205.3
-183.0
Cash flow from financing activities Changes in non-controlling interests
261.2
Proceeds from non-current interest bearing liabilities Payment of non-current interest bearing liabilities
60.9 -81.0
-7.2 -0.4 -0.4
Change in current liabilities
5.5
-0.5 2.4 -7.8
Change in non-current non-interest bearing liabilities, net
Acquisition of treasury shares
5.1
Dividend paid and capital distribution
-157.1 -183.1
-92.4 160.7
Net cash flow from financing
Change in cash and cash equivalents
-156.5
307.3
Cash and cash equivalents at beginning of period
524.2
214.0
Translation adjustments
-11.6
3.0
Change in cash and cash equivalents
-156.5 356.2
307.3 524.2
Cash and cash equivalents at end of period
5.4
Adjustments to the result, total Taxes
63.5 83.1
51.7 90.2
Depreciation, amortisation and impairment charges Share of result from associated companies and joint ventures
-163.1 -59.5
-114.4 -28.2
Gains and losses on sale of non-current assets
Finance costs, net
6.6 3.6 2.8
10.0 -0.7
Post-employment benefit obligations and provisions
Other adjustments
3.2
Adjustments to the result, total
-63.0
11.8
Change in working capital Inventories
-128.8
-19.3 -53.9 122.7 49.5
Accounts receivables and other receivables Accounts payable and other liabilities
-27.6
5.1
Change in working capital
-151.4
The notes are an integral part of these financial statements.
93
Consolidated financial statements | METSÄ BOARD ANNUAL AND SUSTAINABILITY REPORT 2022
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