Note 23: Cash flow

Operating activities in 2021 resulted in a cash inflow of €605 million (2020: cash inflow of €1,220 million).

Changes in working capital as per consolidated statement of cash flows

In € millions

2020

2021

Trade and other receivables

(14)

(240)

Inventories

(84)

(439)

Trade and other payables

282

274

Total

184

(405)

The amounts cannot be reconciled directly to the respective balance sheet positions. They reflect changes in balance sheet positions only to the extent these have a cash flow impact, or they reverse the non-cash impact as included in profit for the period. These amounts exclude non-cash movements such as unwinding of discount, movements through other , acquisitions and divestments, and changes in exchange rates.

Comprehensive income

The change in equity during a period resulting from transactions and other events, other than those changes resulting from transactions with shareholders in their capacity as shareholders.