Cash flows from clearing transactions

Receipts:

- Market coupling

381,766

139,774

- Energy exchange transactions

6,285,382

3,932,505

- Auctions

77,322

109,978

- MEP grants

403,717

529,777

- Maintenance of energy balance

64,608

43,516

7,212,795

4,755,550

Expenditure:

- Market coupling

-/- 366,675

-/- 186,065

- Energy exchange transactions

-/- 6,285,382

-/- 3,932,505

- Auctions

-/- 39,828

-/- 53,988

- MEP grants

-/- 636,416

-/- 457,920

- Maintenance of energy balance

-/- 62,921

-/- 23,469

-/- 7,391,222

-/- 4,653,947

-/- 178,427

101,603

Cash flows from operating activities

37

219,394

126,321

Interest paid

-/- 37,027

-/- 31,846

Interest received

12,894

10,064

Interest received on third-party funds

15,624

16,421

Amounts received and to be settled in future tariffs

1,861

-/- 5,655

Corporation tax paid

-/- 22,119

-/- 20,954

190,627

94,351

Cash flows from investing activities

Acquisition of tangible fixed assets

1

-/- 273,717

-/- 163,615

Acquisition of intangible assets

2

-/- 5,578

-/- 2,581

Acquisition of minority participating interests

4

-/- 5

-/- 7,773

Acquisition of Endex N.V.

-/- 20,178

-

Acquisition of Telfort Masten B.V. and Dutch Tower B.V.

-/- 23,415

-/- 2,803

Sale of Endex N.V.

1,340

-

Other receivables

-/- 697

-

-/- 322,250

-/- 176,772

Cash flows from financing activities

New loans

14

150,000

40,420

Purchase of securities not at free disposal

4

-/- 90,000

-/- 222,500

Redemption of securities not at free disposal

4

23,500

535,436

Redemption of private loan

-/- 50,420

-

Increase in bank overdrafts

21

-/- 166,048

-/- 38,080

Dividend paid

-/- 27,748

-/- 26,250

Amounts paid out with regard to securities

23

-/- 18,803

-/- 38,420

-/- 179,519

250,606

Change to cash and cash equivalents

-/- 489,569

269,788

Cash and cash equivalents at 1 January

1,236,809

962,536

Cash and cash equivalents of acquisitions

5,797

5,387

Exchange rate differences on cash and cash equivalents

-/- 2,789

-/- 902

Cash and cash equivalents at 31 December

750,248

1,236,809