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Consolidated Cash Flow Statement - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Statement of cash flows [Abstract]      
Net profit € 6,486 € 5,547 € 5,259
Taxation 1,667 1,922 1,961
Share of net profit of joint ventures/associates and other income/(loss) from non-current investments and associates (173) (231) (198)
Net finance costs 877 563 493
Operating profit 8,857 7,801 7,515
Depreciation, amortisation and impairment 1,538 1,464 1,370
Changes in working capital: (68) 51 720
Inventories (104) 190 (129)
Trade and other receivables (506) 142 2
Trade payables and other liabilities 542 (281) 847
Pensions and similar obligations less payments (904) (327) (385)
Provisions less payments 200 65 (94)
Elimination of (profits)/losses on disposals (298) 127 26
Non-cash charge for share-based compensation 284 198 150
Other adjustments (153) (81) 49
Cash flow from operating activities 9,456 9,298 9,351
Income tax paid (2,164) (2,251) (2,021)
Net cash flow from operating activities 7,292 7,047 7,330
Interest received 154 105 119
Purchase of intangible assets (158) (232) (334)
Purchase of property, plant and equipment (1,509) (1,804) (1,867)
Disposal of property, plant and equipment 46 158 127
Acquisition of group companies, joint ventures and associates (4,896) (1,731) (1,897)
Disposal of group companies, joint ventures and associates 561 30 199
Acquisition of other non-current investments (317) (208) (78)
Disposal of other non-current investments 251 173 127
Dividends from joint ventures, associates and other non-current investments 138 186 176
(Purchase)/sale of financial assets (149) 135 (111)
Net cash flow (used in)/from investing activities (5,879) (3,188) (3,539)
Dividends paid on ordinary share capital (3,916) (3,609) (3,331)
Interest and preference dividends paid (470) (472) (579)
Net change in short-term borrowings 2,695 258 245
Additional financial liabilities 8,851 6,761 7,566
Repayment of financial liabilities (2,604) (5,213) (6,270)
Capital element of finance lease rental payments (14) (35) (14)
Buy back of preference shares (448)    
Repurchase of shares [1] (5,014)    
Other movements on treasury shares (204) (257) (276)
Other financing activities (309) (506) (373)
Net cash flow (used in)/from financing activities (1,433) (3,073) (3,032)
Net increase/(decrease) in cash and cash equivalents (20) 786 759
Cash and cash equivalents at beginning of year 3,198 2,128 1,910
Effect of foreign exchange rate changes (9) 284 (541)
Cash and cash equivalents at end of year € 3,169 € 3,198 € 2,128
[1] Repurchase of shares reflects the cost of acquiring ordinary shares as part of the share buyback programme announced on 6 April 2017 (refer note 24 on page 137). At 31 December 2017 these shares have not been cancelled and are recognised as treasury shares.