Consolidated statement of cash flows for the year ended 31 December 2019
| Notes | 2019 | 2018 | |
|---|---|---|---|
| Profit before tax | 840 | 1,478 | |
| Adjustments to profit before tax: | |||
| Depreciation and amortisation | 7, 8 | 1,053 | 669 |
| Bad debt expense | 7 | 30 | |
| Finance costs, net | 10 | 422 | 311 |
| Foreign exchange (gain)/loss | (200) | 83 | |
| Other, net | 4 | (9) | |
| Changes in working capital items: | |||
| Increase in trade accounts and other receivables | (36) | (61) | |
| Decrease/(increase) in inventories | 3 | (144) | |
| Increase in prepaid and recoverable taxes (other than income tax) | (60) | (25) | |
| Increase/(decrease) in trade accounts and other payables | 232 | (156) | |
| (Decrease)/increase in taxes payable (other than income tax) | (28) | 13 | |
| Net cash inflow from operations | 2,237 | 2,189 | |
| Income tax paid | (178) | (288) | |
| Net cash inflow from operating activities | 2,059 | 1,901 | |
| Investing activities | |||
| Purchase of property, plant and equipment | 11, 12 | (1,321) | (903) |
| Payments for the acquisition of SGC group | 33 | (1,941) | — |
| Business combination | 33 | (259) | (496) |
| Loans issued, net | (8) | 37 | |
| Interest received | 11 | 28 | |
| Other non-current investments, net | (12) | 3 | |
| Net cash outflow used in investing activities | (3,530) | (1,331) | |
| Financing activities | |||
| Proceeds from long-term borrowings | 3,424 | 2,402 | |
| Repayments of long-term borrowings | (1,295) | (2,641) | |
| Proceeds from/(repayments of) short-term borrowings, net | 5 | (134) | |
| Payments of lease liabilities | 22 | (311) | — |
| Interest and commissions paid | (301) | (313) | |
| Acquisition of non-controlling interests | (17) | (164) | |
| Dividends paid to non-controlling interests | (12) | (8) | |
| Settlement of cross-currency interest rate swap | — | (30) | |
| Net cash inflow from/(outflow used in) financing activities | 23 | 1,493 | (888) |
| Foreign exchange effect on cash and cash equivalents | (12) | 8 | |
| Net increase/(decrease) in cash and cash equivalents | 10 | (310) | |
| Cash and cash equivalents at the beginning of the year | 18 | 166 | 476 |
| Cash and cash equivalents at the end of the year | 18 | 176 | 166 |
The accompanying notes on page Notes to the consolidated financial statements are an integral part of these consolidated financial statements.