2.4 Consolidated statement of cash flows

For the year ended 31 December

 

 

 

€ million

Note

2018

2017

Profit for the year attributable to UCB shareholders

 

800

753

Non-controlling interests

 

24

18

Adjustment for profit (-)/loss from discontinued operations

8

-11

0

Adjustment for profit (-)/loss from associates

 

1

0

Adjustment for non-cash transactions

36

254

150

Adjustment for items to disclose separately under operating cash flow

36

202

218

Adjustment for items to disclose under investing and financing cash flows

36

2

35

Change in working capital

36

-35

-79

Interest received

16

20

16

Cash flow generated from operations

 

1 257

1 111

Tax paid during the period

 

-168

-184

Net cash flow used in (-)/generated by operating activities:

 

 

 

From continuing operations

 

1 098

896

From discontinued operations

 

-9

31

Net cash flow generated by operating activities

 

1 089

927

Acquisition of property, plant and equipment

21

-94

-100

Acquisition of intangible assets

19

-247

-109

Acquisition of subsidiaries, net of cash acquired

 

-13

-7

Acquisition of other investments

 

-21

-17

Sub-total acquisitions

 

-375

-233

Proceeds from sale of property, plant and equipment

 

1

0

Proceeds from sale of other activities, net of cash disposed

 

52

2

Proceeds from sale of other investments

 

2

3

Sub-total disposals

 

55

5

Net cash flow used in (-)/generated by investing activities:

 

 

 

From continuing operations

 

-320

-228

From discontinued operations

 

0

0

Net cash flow used in (-)/generated by investing activities

 

-320

-228

Proceeds from borrowings

28

8

19

Repayments of borrowings (-)

28

-177

-45

Payment of lease liabilities

28

-33

-1

Acquisition (-) of treasury shares

26

-51

-105

Dividend paid to UCB shareholders, net of dividend paid on own shares

26.2, 41

-222

-217

Interest paid

16

-63

-53

Net cash flow used in (-)/generated by financing activities:

 

 

 

From continuing operations

 

-538

-402

From discontinued operations

 

0

0

Net cash flow used in financing activities

 

-538

-402

Net increase/decrease (-) in cash and cash equivalents

 

231

297

From continuing operations

 

240

266

From discontinued operations

 

-9

31

Net cash and cash equivalents at the beginning of the period

 

1 022

756

Effect of exchange rate fluctuations

 

-16

-31

Net cash and cash equivalents at the end of the period

 

1 237

1 022