4.2.5Consolidated Cash Flow Statement

in millions of US$

2017

2016

Cash flow from operating activities

Receipts from customers

2,057

1,859

Payments for finance lease construction

(51)

(20)

Payments to suppliers and employees

(1,072)

(1,266)

Yme insurance claim settlement

281

-

Penalty U.S. Department of Justice / settlement Dutch Public Prosecutor's Office

(238)

(70)

Income taxes paid

(22)

(15)

Net cash from operating activities

955

488

Cash flow from investing activities

Investment in property, plant and equipment

(43)

(9)

Investment in intangible assets

(1)

(5)

Addition to funding loans

(9)

(47)

Redemption of funding loans

68

50

Interest received

22

15

Dividends received from equity-accounted investees

76

45

Proceeds from disposal of property, plant and equipment

1

3

Proceeds from disposal of financial assets and other assets

15

38

Other investing activities

(8)

-

Net cash from investing activities

121

90

Cash flow from financing activities

Equity repayment to partners

(61)

(35)

Addition to borrowings and loans

-

1,118

Repayments of borrowings and loans

(576)

(780)

Dividends paid to shareholders and non-controlling interests

(93)

(64)

Share repurchase program

-

(166)

Interest paid

(290)

(252)

Net cash from financing activities

(1,019)

(179)

Net increase/(decrease) in cash and cash equivalents

57

399

Net cash and cash equivalents as at 1 January

904

515

Net increase/(decrease) in net cash and cash equivalents

57

399

Foreign currency variations

(4)

(9)

Net cash and cash equivalents as at 31 December

957

904

The reconciliation of the net cash and cash equivalents as at 31 December with the corresponding amounts in the statement of financial position is as follows:

Reconciliation of net cash and cash equivalents as at 31 December

in millions of US$

31 December 2017

31 December 2016

Cash and cash equivalents

957

904

Net cash and cash equivalents

957

904