Econocom - 2019 Universal registration document

154 2019 annual report 06 consolidated financial statements consolidated statement of cash flows Consolidated statement 4. of cash flows in € ڳ millions Notes 2019 2018 restated* Profit from continuing operations ژ 57.9 52.2 Elimination of share of profit (loss) of associates and joint ventures 18.1.1 - - Provisions, depreciation, amortisation and impairment** 18.1.1 70.1 36.9 Elimination of the impact of residual interest in leased assets 18.1.1 3.2 (17.8) Other non-cash expenses (income) 18.1.1 24.0 0.3 Cash flows from operating activities after cost of net debt and income tax ژ 107.1 71.6 Income tax expense 7 17.8 21.2 Cost of net debt 18.1.2 15.2 12.9 Cash flows from operating activities before net borrowing cost and income tax (a) ژ 140.1 105.7 Change in working capital (b), o/w: 18.1.3 15.3 41.2 Investments in self-funded TMF contracts ژ 7.7 (39.0) Other changes in working capital requirement ژ 7.6 80.2 Tax paid before tax credits (c) ژ (29.6) (27.0) Net cash from (used in) operating activities (a + ژ b + ژ c = ژ d) 18.1 125.8 119.9 Acquisition of property, plant and equipment and intangible assets ژ (23.0) (43.1) Disposal of property, plant and equipment and intangible assets ژ 1.9 11.8 Acquisition of long-term financial assets ژ (6.0) (5.0) Disposal of long-term financial assets ژ 0.7 1.9 Acquisition/disposal of companies and businesses, net of cash acquired/disposed ژ (0.7) (13.1) Net cash from (used in) investing activities (e) 18.2 (27.1) (47.5) In accordance with IFRS ژ 5, the restatement of the 2018 figures reflects the reclassification of operations * considered discontinued in 2019 to Net change in cash and cash equivalents from discontinued operations. However, in accordance with the provisions of IFRS ژ 16, which came into force on 1 ژ January 2019, the 2018 data is not restated for their impact on leases (see 1.1.1.1). Includes €25.3 million in 2019 for the share of rental payments that is considered an amortisation of rights of use, ** in accordance with IFRS ژ 16.