ESG Report of the
ENEA Capital Group for 2020

CONSOLIDATED STATEMENT OF CASH FLOWS

Year ended
Note 31 December 2020 31 December 2019
Cash flows from operating activities
Net (loss)/profit for the reporting period (2 234 337) 540 697
Adjustments:
Income tax in profit or loss 12 (369 212) 330 574
Depreciation/amortisation 9 1 598 063 1 548 268
Loss on change, sale and liquidation of property, plant and equipment and right-of-use assets 34 890 57 585
Impairment losses on non-financial non-current assets 3 410 154 5 521
Loss on sale of financial assets 17 964 26 813
Interest income (14 743) (14 961)
Dividend income (283) (201)
Interest costs 241 823 233 557
(Gain)/loss on measurement of financial instruments (77 311) 39 233
Impairment of financial assets at amortised cost 144 014 65 771
Share of profit of associates and jointly controlled entities 332 361 482 165
Impairment of investments in associates and jointly controlled entities 129 208 59 777
Other adjustments (26 779) (22 587)
Total adjustments 5 420 149 2 811 515
Paid income tax (300 100) (206 925)
Changes in working capital:
CO2 emission allowances 40 (1 153 931) (794 428)
Inventories 40 241 866 (109 992)
Trade and other receivables 40 (50 875) (257 095)
Trade and other payables 40 431 129 (481 941)
Employee benefit liabilities 40 67 694 129 960
Accounting for subsidies and road lighting modernisation services 40 33 259 30 151
Provisions for other liabilities and charges 40 702 910 482 673
Total changes in working capital 272 052 (1 000 672)
Net cash flows from operating activities 3 157 764 2 144 615
Cash flows from investing activities
Purchase of non-current tangible and intangible assets and right-of-use assets (2 382 772) (2 076 510)
Proceeds from sale of non-current tangible and intangible assets and right-of-use assets 9 841 10 129
Purchase of financial assets 40 (199 415) (29 904)
Proceeds from sale of financial assets 476 611
Purchase of subsidiaries (29 740)
Purchase of associates and jointly controlled entities (1 700) (181 698)
Received dividends 283 201
Inflows concerning funds at Mine Decommissioning Fund bank account (7 592) (5 719)
Received interest 3 443 5 648
Other inflows/(outflows) from investing activities 1 136 (5 836)
Net cash flows from investing activities (2 576 300) (2 312 818)
Cash flows from financing activities
Credit and loans received 2 308
Bond issuance 2 000 000
Repayment of credit and loans (176 371) (166 222)
Bond buy-back (1 894 310) (277 910)
Dividends paid (8 673)
Repayment of lease liabilities (52 154) (16 419)
Expenditures concerning future bond issues (195)
Interest paid (276 256) (249 545)
Other outflows under financing activities (5 074) (1 724)
Net cash flows from financing activities (2 401 857) 1 279 312
Total net cash flows (1 820 393) 1 111 109
Cash at the beginning of reporting period 25 3 761 947 2 650 838
Cash at the end of reporting period 25 1 941 554 3 761 947
including restricted cash 754 321 477 382

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