RUBIS - 2019 Universal Registration Document

8 FINANCIAL STATEMENTS - 2019 Consolidated financial statements and notes

CONSOLIDATED STATEMENT OF CASH FLOWS

12/31/2019 (1)

12/31/2018

(in thousands of euros)

TOTAL CONSOLIDATED NET INCOME FROM CONTINUING OPERATIONS

294,467 31,795

270,780

NET INCOME FROM ASSETS HELD FOR SALE Adjustments: Elimination of income of joint ventures (6) Elimination of depreciation and provisions Elimination of profit and loss from disposals and dilution

(4,170)

(4,811) 116,551

198,127

(6)

4,859 (401)

Elimination of dividend earnings

(622) 3,962

(1,439)

Other income and expenditure with no impact on cash and cash equivalents (2) CASH FLOW AFTER COST OF NET FINANCIAL DEBT AND TAX

523,553

385,539

Elimination of tax expenses

89,407 30,546

72,779 20,654

Elimination of cost of net financial debt

CASH FLOW BEFORE COST OF NET FINANCIAL DEBT AND TAX

643,506 (78,097) (67,494) 497,915

478,972 (79,491) (73,993) 325,488

Impact of change in working capital*

Tax paid

CASH FLOWS RELATED TO OPERATING ACTIVITIES (6)

Impact of changes to consolidation scope (cash acquired - cash disposed)

64,189

4,315

Acquisition of financial assets: Rubis Énergie division (3) Acquisition of financial assets: Rubis Terminal division Disposal of financial assets: Rubis Énergie division

(264,131)

(76,530)

Disposal of financial assets: Rubis Support and Services division Acquisition of property, plant and equipment and intangible assets

(229,775)

(232,774)

Change in loans and advances granted

(419) 6,919

3,672 4,787

Disposal of property, plant and equipment and intangible assets

(139,126)

(81) 401

(Acquisition)/disposal of other financial assets (3)

Dividends received

1,455

Other cash flows from financing operations CASH FLOWS RELATED TO INVESTMENT ACTIVITIES (6)

(560,888)

(296,210)

220 i Rubis 2019 Universal Registration Document