5.2.5Consolidated Cash Flow Statement

in millions of US$

2016

2015

Cash flow from operating activities

Receipts from customers

1,859

2,139

Payments for finance leases construction

(20)

(704)

Payments to suppliers and employees

(1,266)

(1,879)

Settlement Dutch Public Prosecutor's Office

(70)

(70)

Income tax received/(paid)

(15)

(24)

Net cash from operating activities

488

(538)

Cash flow from investing activities

Investment in property, plant and equipment

(9)

(7)

Investment in intangible assets

(5)

(15)

Additions to funding loans

(47)

(3)

Redemption of funding loans

50

126

Interest received

15

9

Dividends received from equity-accounted investees

45

9

Net proceeds from disposal of property, plant and equipment

3

13

Net proceed from disposal of Financial assets

38

3

Net cash used in investing activities

90

135

Cash flow from financing activities

Net equity funding from partners

(35)

214

Additions to borrowings and loans

1,118

1,855

Repayments of borrowings and loans

(780)

(1,405)

Dividends paid to shareholders and non-controlling interests

(64)

(2)

Share repurchase program

(166)

-

Interest paid

(252)

(210)

Net cash from financing activities

(179)

451

Net increase/(decrease) in cash and cash equivalents

399

48

Net cash and cash equivalents as at 1 January

515

452

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

399

48

Foreign currency variations

(9)

15

Net cash and cash equivalents as at 31 December

904

515

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

31 December 2016

31 December 2015

Cash and cash equivalents

904

515

Bank overdrafts

-

-

Net cash and cash equivalents

904

515