SCH2017_DRF_EN_Livre.indb

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Consolidated financial statements at December 31, 2017 Consolidated statement of cash flows

2. Consolidated statement of cash flows

Note

Full year 2017

Full year 2016*

(in millions of euros)

Profit for the year

2,210

1,811

Losses/(gains) from discontinued operations

94

17

Share of (profit)/losses of associates, net of dividends received Income and expenses with no effect on cash flow Depreciation of property, plant and equipment Amortization of intangible assets other than goodwill

(61)

(34)

13 12

387 399

386 447 106

Impairment losses on non-current assets Increase/(decrease) in provisions Losses/(gains) on disposals of assets Difference between tax paid and tax expense

68

23

(69) (93)

(112)

17

48 37

188 130

Other non-cash adjustments

Net cash provided by operating activities

3,020

2,956

Decrease/(increase) in accounts receivable

(257) (173)

(17)

Decrease/(increase) in inventories and work in progress

93

(Decrease)/increase in accounts payable

304

(21) (54)

Other current assets and liabilities

47

Change in working capital requirement Total I – Cash flows from operating activities Purchases of property, plant and equipment

(79)

1

2,941 (434)

2,957 (476)

13

Proceeds from disposals of property, plant and equipment

61

81

Purchases of intangible assets

12

(315)

(360)

Proceeds from disposals of intangible assets Net cash used by investment in operating assets

-

14

(688) (416)

(741)

Net financial investments Other long-term investments

2.2

47 44

26

Increase in long-term pension assets

(160) (550)

(111)

Sub-total

(20)

Total II – Cash flows from/(used in) investing activities

(1,238)

(761)

Issuance of bonds Repayment of bonds

24 24

740

800

(1,025)

(672) (853) (794)

Sale/(purchase) of own shares

(171)

Increase/(decrease) in other financial debt Increase/(decrease) of shares capital Dividends paid by Schneider Electric SE Dividends paid to non-controlling interests

111 161

164

21

(1,133)

(1,127)

(64)

(100)

Purchases of minority interests

2.2

(141)

-

Total III – Cash flows from/(used in) financing activities

(1,522)

(2,582)

Total IV – Net foreign exchange difference Total V – Effect of discontinued operations

(33)

77

89

(10)

Increase/(decrease) in net cash and cash equivalents: I + II + III + IV + V

237

(319) 2,849 (319) 2,530

Net cash and cash equivalents at January 1 Increase/(decrease) in cash and cash equivalents

2,530

237

NET CASH AND CASH EQUIVALENTS AT DECEMBER 31

20

2,767

* 2016 figures were restated for discontinued operations disclosed in note 1. The accompanying notes are an integral part of the consolidated financial statements.

2017 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC

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