Cash and cash equivalents at beginning of period

Profit before tax

Income taxes paid

Depreciation, amortization and impairment losses¹

Gain/loss on disposal of non-current assets and equity investments

Share of profit or loss of equity-accounted investments

Other non-cash expense/income

Change in inventories

Change in receivables (excluding financial services)

Change in liabilities (excluding financial liabilities)

Change in pension provisions

Change in other provisions

Change in leased assets

Change in financial services receivables

Cash flows from operating activities

Investments in intangible assets (excluding capitalized development costs) and property, plant and equipment

Additions to capitalized development costs

Acquisition of subsidiaries

Acquisition of other equity investments

Disposal of subsidiaries

Disposal of other equity investments

Cash received from disposal of intangible assets and property, plant and equipment

Change in investments in securities and time deposits

Change in loans

Cash flows from investing activities

Profit transfer and dividends

Capital transactions with non-controlling interests

Proceeds from issuance of bonds

Repayments of bonds

Increase in non-listed debt securities

Repayment of non-listed debt securities

Changes in other financial liabilities

Repayments of lease liabilities

Cash flows from financing activities

Effect of exchange rate changes on cash and cash equivalents

Net change in cash and cash equivalents

Cash and cash equivalents at end of period

Cash and cash equivalents at end of period

Securities and time deposits and loans

Gross liquidity