Note 23: Cash flow

Operating activities in 2022 resulted in a cash inflow of €263 million (2021: cash inflow of €605 million).

The amounts in the following table 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.

Changes in working capital as per consolidated statement of cash flows

In € millions



Trade and other receivables






Trade and other payables






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.