24Cash flow statement supplementary information

Cash paid for leases

In 2020, gross lease payments of EUR 325 million (2019: EUR 281 million) included interest of EUR 29 million (2019: EUR 26 million).

Net cash used for derivatives and current financial assets

In 2020, a total of EUR 13 million cash was paid with respect to foreign exchange derivative contracts related to activities for liquidity management and funding (2019: EUR 166 million outflow; 2018: EUR 177 million outflow).

Purchase and proceeds from non-current financial assets

In 2020, the net cash outflow of EUR 66 million was mainly the cash outflow due to investment in DC Health amounting to EUR 45 million in China.

In 2019, the net cash inflow of EUR 99 million was mainly due to the sale of the company's investment in Corindus Vascular Robotics and other stakes, partly offset by an outflow due to capital contributions into investment funds.

In 2018, the net cash inflow of EUR 43 million was mainly due to inflows from the repayment of loans receivable, the sale of stakes and capital distributions from investment funds, partly offset by an outflow due to capital contributions into investment funds.

Philips Group

Reconciliation of liabilities arising from financing activities

in millions of EUR

	Balance as of Dec. 31, 2019	Cash flow	Currency effects and consolidation changes	Other¹⁾	Balance as of Dec. 31, 2020
Long term debt²⁾	5,355	767	(180)	916	6,857
USD bonds	1,328		(117)		1,210
EUR bonds	2,234	991		3	3,229
Bank borrowings	206		(2)		205
Other long-term debt	17	(1)		1	16
Leases	1,381	(223)	(61)	119	1,216
Forward contracts³⁾	188			793	982
Short term debt²⁾	92	16	(32)		76
Short-term bank borrowings	92	15	(32)		76
Other short-term loans		1			1
Forward contracts³⁾
Equity	(390)	(300)		(491)	(1,181)
Dividend payable		(2)		2
Forward contracts³⁾	(188)			(793)	(982)
Treasury shares	(201)	(298)		299	(199)
Total		483

¹⁾Besides non-cash, other includes interest paid on leases, which is part of cash flows from operating activities²⁾Long-term debt includes the current portion of long-term debt, and short-term debt excludes the current portion of long-term debt.³⁾The forward contracts are related to the share buyback program and LTI plans

Philips Group

Reconciliation of liabilities arising from financing activities

in millions of EUR

	Balance as of Dec. 31, 2018	Cash flow	Currency effects and consolidation changes	Other¹⁾	Balance as of Dec. 31, 2019
Long term debt²⁾	4,657	86	37	575	5,355
USD bonds	1,303		25		1,328
EUR bonds	1,988	244		2	2,234
Bank borrowings	211	(5)			206
Other long-term debt	18	(1)			17
Leases	330	(152)	12	132	322
IFRS 16 new lease recognition²⁾				1,059	1,059
Forward contracts³⁾	807			(618)	188
Short term debt²⁾	164	23	(7)	(88)	92
Short-term bank borrowings	76	23	(7)		92
Other short-term loans
Forward contracts³⁾	88			(88)
Equity	(1,293)	(1,774)		2,677	(390)
Dividend payable		(456)		456
Forward contracts³⁾	(894)			706	(188)
Treasury shares	(399)	(1,318)		1,516	(201)
Total		(1,665)

¹⁾Besides non-cash, other includes interest paid on finance leases, which is part of cash flows from operating activities²⁾In the 2019 opening balance sheet, EUR 803 million of lease liabilities were recognized due to the implementation of IFRS 16.³⁾The forward contracts are related to the share buyback program and LTI plans