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Consolidated Cash Flow Statement - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Statement of cash flows [abstract]      
Net profit € 6,073 € 6,026 € 9,788
Taxation 1,923 2,263 2,572
Share of net (profit)/loss of joint ventures/associates and other (income)/loss from non-current investments and associates (178) (176) (207)
Net monetary (gain)/loss arising from hyperinflationary economies (20) (32) (122)
Net finance costs 505 627 608
Operating profit 8,303 8,708 12,639
Depreciation, amortisation and impairment 2,018 1,982 2,216
Changes in working capital: 680 (9) (793)
Inventories (587) 313 (471)
Trade and other receivables 1,125 (445) (1,298)
Trade payables and other liabilities 142 123 976
Pensions and similar obligations less payments (182) (260) (128)
Provisions less payments (53) 7 55
Elimination of (profits)/losses on disposals 60 60 (4,313)
Non-cash charge for share-based compensation 108 151 196
Other adjustments [1] (1) 2 (260)
Cash flow from operating activities 10,933 10,641 9,612
Income tax paid (1,875) (2,532) (2,294)
Net cash flow from operating activities 9,058 8,109 7,318
Interest received 169 146 110
Purchase of intangible assets (158) (210) (203)
Purchase of property, plant and equipment (863) (1,316) (1,329)
Disposal of property, plant and equipment 89 97 108
Acquisition of businesses and investments in joint ventures and associates (1,426) (1,122) (1,336)
Disposal of businesses, joint ventures and associates 39 177 7,093
Acquisition of other non-current investments (128) (160) (94)
Disposal of other non-current investments 51 55 151
Dividends from joint ventures, associates and other current/non-current investments 188 164 154
(Purchase)/sale of financial assets 558 (68) (10)
Net cash flow (used in)/from investing activities (1,481) (2,237) 4,644
Dividends paid on ordinary share capital (4,279) (4,209) (4,066)
Interest paid (624) (694) (571)
Net change in short-term borrowings 722 337 (4,026)
Additional financial liabilities 3,117 5,911 10,595
Repayment of financial liabilities (3,577) (4,912) (6,594)
Capital element of lease payments (443) (435) (481)
Repurchase of shares (6,020)
Other movements on treasury shares   (201) (257)
Other financing activities [2] (720) (464) (693)
Net cash flow (used in)/from financing activities (5,804) (4,667) (12,113)
Net increase/(decrease) in cash and cash equivalents 1,773 1,205 (151)
Cash and cash equivalents at the beginning of the year 4,116 3,090 3,169
Effect of foreign exchange rate changes (414) (179) 72
Cash and cash equivalents at the end of the year € 5,475 € 4,116 € 3,090
[1] 2018 includes a non-cash credit of €277 million from early settlement of contingent consideration relating to Blueair.
[2] Other financing activities include cash paid for the purchase of non-controlling interests and dividends paid to minority interest.